ABG Shipyard vaulted 4.73% to Rs 340.85 at 15:11 IST on BSE on reports the company has bagged an order for two jack-up rigs for $440 million from Essar Shipping Ports and Logistics.
The stock hit a high of Rs 348.80 and a low of Rs 320 so far during the day. The stock had a 52-week high of Rs 1045 on 30 November 2007 and a 52-week low of Rs 295.20 on 2 July 2008.
The company has an equity capital of Rs 50.92 crore. Face value per share is Rs 10.
The current price of Rs 340.85 discounts its Q4 March 2008 annualised EPS of Rs 36.17, by a PE multiple of 9.42.
On 12 June 2008, ABG Shipyard bagged two orders worth Rs 305 crore for construction of one vessel each from two different clients.
ABG Shipyard’s net profit rose 39.6% to Rs 46.05 crore on 43.3% increase in net sales to Rs 276.68 crore in Q4 March 2008 over Q4 March 2007.
ABG Shipyard is engaged in building and repairing a variety of marine ships for commercial and government customers. It also manufacturers marine ships, including bulk carriers, deck barges, interceptor boats, anchor handling supply ships, diving support ships, tugs and offshore vessels.
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