Thermax (CMP=Rs 370)bagged an order worth Rs 450 crore for setting up a 60 megawatt captive power plant on turnkey basis in Andhra Pradesh.
The stock has 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’s current equity is Rs 23.83 crore. Face value per share is Rs 2.
The current price of Rs 370 discounts Q1 June 2008 annualized EPS of Rs 21.39, a PE multiple of 17.30.
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.
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.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment