CapitalMarket.com - PBA Infrastructure builds on new orders
Hot Pursuit Friday, July 17, 2009 10:33 Hrs IST

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PBA Infrastructure builds on new orders

PBA Infrastructure jumped 12.88% to Rs 58.30 at 10:31 IST on BSE, after the company bagged fresh orders aggregating Rs 70.80 crore.

The company announced the new order win after market hours on Thursday, 16 July 2009.

Meanwhile, the BSE Sensex was up 196.68 points, or 1.38%, 14,446.93.

On BSE, 32,627 shares were traded in the counter. The stock had an average daily volume of 24,416 in the past one quarter.

The stock hit a high of Rs 61 and a low of Rs 55 so far during the day. The stock hit a 52-week high of Rs 71.40 on 4 September 2008 and a 52-week low of Rs 20.75 on 12 March 2009.

The small-cap stock had underperformed the market over the past one month till 16 July 2009, declining 14.49% as compared to the Sensex's 4.73% fall. It had outperformed the market in the past one quarter, gaining 58.68% as compared to the Sensex's return of 30.17%.

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

The current price of Rs 58.30 discounts the company's Q4 March 2009 annualized EPS of Rs 6.52, by a PE multiple of 8.94.

The company has bagged fresh orders aggregating Rs 70.80 crore from the Mumbai Metropolitan Region Development Authority for construction works.

PBA Infrastructure's net profit fell 10.2% to Rs 2.20 crore on 4.6% rise in net sales to Rs 104.82 crore in Q4 March 2009 over Q4 March 2008.

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

Promoters have pledged 27.64 lakh shares representing 20.47% of the equity capital of the company (as on 31 March 2009). The total promoter shareholding in the company is 63.15% (as on 31 March 2009).

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