GEI Industrial Systems gained 1.78% to Rs 77 at 11:24 IST on BSE after the company bagged three orders worth Rs 40 crore from three different buyers for supply of air cooled steam condensers.
The stock hit a high of Rs 79.90 and a low of Rs 75.65 so far during the day. The stock had hit a 52-week high of Rs 152 on 3 January 2008 and a 52-week low of Rs 53 on 3 July 2008.
The company has an equity capital of Rs 14.27 crore. Face value per share is Rs 10.
The current price of Rs 77 discounts its Q1 June 2008 annualised EPS of Rs 7.60, by a PE multiple of 10.13.
In July 2008, GEI Industrial Systems bagged an order worth Rs 50 crore from Essar Construction for a refinery expansion project in Vadinar, Gujarat for supply of air-cooled heat exchangers.
In March 2008, GEI Industrial Systems bagged an order worth Rs 30 crore from Essar Construction for the same project for which it has now got an order.
GEI Industrial Systems’ net profit surged 77.1% to Rs 2.71 crore on 32.5% increase in net sales to Rs 36.62 crore in Q1 June 2008 over Q1 June 2007.
The company is engaged in manufacturing air-cooled heat exchanger and fin tubes. It provides innovative engineering systems and solutions. The products include air cooled heat exchangers, air cooled steam condensers, plant thermal equipments, water cooling modules and air blast oil coolers, radiators for gas and diesel engines, inter and after coolers for compressors, modular oil coolers for large transformers, coolers for motors and generators and finned tubes.
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