Krypton Industries gained 3.75% to Rs 26.30 at 12:40 IST on BSE after the company said it has set up a 100% owned subsidiary in China to manufacture and sell its products in China, Korea and other near by international markets.
The company made this announcement after trading hours on Monday, 14 July 2008.
The stock hit a high of Rs 26.50 and a low of Rs 24.65 so far during the day. The stock had a 52-week high of Rs 100.10 on 27 July 2007 and a 52-week low of Rs 21 on 1 July 2008.
The company has an equity capital of Rs 4.30 crore. Face value per share is Rs 10.
The current price of Rs 26.30 discounts its Q4 March 2008 annualised EPS of Rs 2.98, by a PE multiple of 8.83.
The commercial production of the unit will commence on 16 July 2008.
Krypton Industries’ net profit fell 42.9% to Rs 0.32 crore on 79.2% increase in net sales to Rs 4.64 crore in Q4 March 2008 over Q4 March 2007.
The company is engaged in manufacturing multi-cellular polyurethane (MCP) tubeless tyres. It also manufactures tubes for bicycles, wheelchairs, castors, industrial applications such as trolleys, forklifts, load carriers, hand trucks, hand operated tractors and others.
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