CapitalMarket.com - PBA Infrastructure builds on new order win
Hot Pursuit Tuesday, March 03, 2009 10:25 Hrs IST

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PBA Infrastructure builds on new order win

PBA Infrastructure jumped 13.54% to Rs 26 at 10:23 IST on BSE, on bagging an order worth Rs 43.03 crore.

The company announced the new order win after trading hours on Monday, 2 March 2009.

Meanwhile, the BSE Sensex was down 61.24 points, or 0.71%, to 8,545.84.

On BSE, 5,191 shares were traded in the counter. The stock had an average daily volume of 12,495 shares in the past one quarter.

The stock hit a high of Rs 26 and a low of Rs 24.55 so far during the day. The stock hit a 52-week high of Rs 92 on 7 May 2008 and a 52-week low of Rs 22 on 28 November 2008.

The small-cap stock had underperformed the market over the past one month till 2 March 2009, declining 13.58% as compared to the Sensex's 5.07% fall. It had outperformed the market in the past one quarter, gaining 0.66% as compared to the Sensex's 1.51% fall.

The company's current equity is Rs 13.50 crore. Face value per share is Rs 10.

The current price of Rs 26 discounts the company's Q3 December 2008 annualized EPS of Rs 15.56, by a PE multiple of 1.67.

The company had on 14 February 2009 announced that two promoters pledged 22.94 lakh shares or 16.99% stake of the firm. The company did mention with whom the shares were pledged. The total promoters' shareholding in the company stood at 62.97% on 31 December 2008.

The company has bagged an order worth Rs 43.03 crore from Mumbai Metropolitan Region Development Authority for laying roads.

PBA Infrastructure had in December 2008 bagged two orders aggregating to Rs 47.96 crore from two different clients.

PBA Infrastructure's net profit rose 90.2% to Rs 5.25 crore on 11.6% increase in net sales to Rs 101.57 crore in Q3 December 2008 over Q3 December 2007.

PBA Infrastructure is a construction company engaged in building roads, dams, runways and bridges.

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