ICSA (India) gained 3.35% to Rs 214.60 at 11:39 IST on BSE, after the company entered into the supervisory control and data acquisition business in the power sector.
The company made this announcement during trading hours today, 30 September 2009.
The stock hit a high of Rs 215.80 and 208.65 so far during the day. The stock had hit a 52-week high of Rs 240 on 30 September 2009 and a 52-week low of Rs 48.35 on 13 March 2009.
The company's equity capital is Rs 9.42 crore. Face value per share is Rs 2.
The current price of Rs 214.60 discounts the company's Q1 June 2009 annualized EPS of Rs 28.92, by a PE multiple of 7.42.
The supervisory control and data acquisition (SCADA) system will help achieving load balancing and considerable improvement in voltage profiles, ICSA said. It would also facilitate proper handling of loads, efficient planning of network for future growth by using proven power system planning tools, it said.
The company expects that the SCADA opportunity in India would grow to around Rs 2500 crore in next three years.
ICSA (India) had in July 2009 secured orders worth Rs 133.92 crore from M P Poorv Kshetra Vidyut Co for commissioning new three phase 11 kilovolt (KV) lines.
ICSA (India)'s net profit slipped 0.11% to Rs 34.02 crore on 6.85% rise in net sales to Rs 305.69 crore in Q1 June 2009 over Q4 March 2009.
ICSA (India) is engaged in providing software development services and technology solutions for the power, telecommunication and other sectors. The company also provides rural electrification, construction of sub-stations and conversion of LT line to HT lines.
Promoters have pledged more than 25.32 lakh shares representing 5.38% of the equity capital of the company (as on 30 June 2009). Promoter shareholding in the company is 20.64% (as on 30 June 2009).
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