Ramco Industries move ups on stock split bonus plan…..
The small-cap stock had outperformed the market over the past one month till 13 July 2009, falling 7.93% as compared to the Sensex’s 12.06% fall. It had also outperformed the market in the past one quarter, gaining 53.97% as compared to the Sensex’s return of 22.19%.
- The company’s current equity is Rs 4.33 crore. Face value per share is Rs 10.
- The current price of Rs 835 discounts the company’s Q4 March 2009 annualized EPS of Rs 63.28, by a PE multiple of 13.20.
- If approved by the board, it will be the second bonus issue from Ramco Industries. The company had issued a liberal 1:1 bonus in December 1994.
- Ramco Industries’ net profit jumped 89.2% to Rs 6.85 crore on 7% rise in net sales to Rs 116.34 crore in Q4 March 2009 over Q4 March 2008.
- The company manufactures fiber cement sheets, pressure pipes and accessories and allied building materials and cotton yarn. The group operates in four segments namely building products, textile, windmill and other.
- Promoters have pledged more than 3.22 lakh shares representing 7.44% of the equity capital of the company. Total promoter shareholding in the company is 50.54% (as on 31 March 2009).
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