Prism Cement slipped 5.07% to Rs 23.40 at 13:31 IST on BSE after the company reported 71% decline in net profit to Rs 15.01 crore on 15.73% fall in sales to Rs 162.71 crore in Q1 September 2008 over Q1 September 2007.
The company declared the results during market hours today, 7 October 2008.
The stock hit a high of Rs 25.45 and a low of Rs 21.40 so far during the day. The stock had a 52-week high of Rs 79.50 on 2 January 2008 and a 52-week low of Rs 24.35 on 6 October 2008.
The small-cap cement maker has an equity capital of Rs 298.25 crore. Face value per share is Rs 10.
The current price of Rs 23.40 discounts its Q4 June 2008 annualised EPS of Rs 8.18, by a PE multiple of 2.86.
P/E (As per New Results)=46.8
Prism Cement manufactures and sells clinker and portland cement. Its product is marketed under the brand name Prism Champion.
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