Thermax rose 4.18% to Rs 470 at 11:18 IST on BSE, extending previous day's gain after the company bagged an order worth Rs 415 crore for setting up a captive power plant for a leading steel making company.
The company made this announcement during trading hours on Monday, 4 August 2008. On Monday, the stock ended 3.33% higher at Rs 451.15.
The stock hit a high of Rs 474.95 and a low of Rs 454.90 so far during the day. The stock had hit a 52-week high of Rs 968.30 on 30 October 2007 and a 52-week low of Rs 330.50 on 2 July 2008.
The company has an equity capital of Rs 23.83 crore. Face value per share is Rs 2.
The current price of Rs 470 discounts its Q1 June 2008 annualised EPS of Rs 19.33, by a PE multiple of 24.31.
In July 2008, the company bagged an order worth Rs 820 crore from a major refiner to supply pulverized coal fired boilers for its captive cogeneration plant.
In May 2008, Thermax’s boiler & heater business unit received an export order worth 14.2 million euro for supply of heat recovery steam generator to an oil company in Europe.
Thermax’s net profit rose 13.7% to Rs 63.71 crore on 7.6% increase in net sales to Rs 716.97 crore in Q1 June 2008 over Q1 June 2007.
The company manufactures and distributes industrial equipment. The group operates in two segments, energy and environment.
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