McNally Bharat up 27% in 9 days on strong order flow

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ALERT: ROAMING CONTRIBUTES 15% OF BHARTI REVENUES
ROAMING CALLS ON OTHER NETWORKS AT 80 PAISE/MINUTE
ROAMING CALLS ON OWN NETWORK AT 60 PAISE/MIN
SWAP TO REDUCE OVERALL FINANCE CHARGES FOR THE COMPANY: CFO
COMPLETES SWAP OF $875MN FOREX CONVERTIBLE BONDS

Updated: 02/07/2009 | 12:00 AM IST

Manufacturing

Capital Market

Thursday, July 02, 2009 (New Delhi)

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The company announced the new order win during trading hours today, 2 July 2009.

Meanwhile, the BSE Sensex was down 2.76 points, or 0.02%, 14,642.71.

On BSE, 41,490 shares were traded in the counter. The stock had an average daily volume of 1.05 lakh shares in the past one quarter.

The stock hit a high of Rs 136.65 and a low of Rs 124 so far during the day. The stock hit a 52-week high of Rs 144 on 6 August 2008 and a 52-week low of Rs 28.80 on 5 March 2009.

The stock has risen sharply in the past few days. It has jumped 27.22% in nine trading sessions from a recent low of Rs 103.95 on 19 June 2009. The small-cap stock had outperformed the market over the past one month till 1 July 2009, rising 0.97% as compared to the Sensex's 1.32% fall. It had outperformed the market in the past one quarter, surging 182.32% as compared to the Sensex's return of 47.90%.

The company's current equity is Rs 31.09 crore. Face value per share is Rs 10.

The current price of Rs 132.25 discounts the company's Q4 March 2009 annualized EPS of Rs 20.32, by a PE multiple of 6.51.

One of the two orders valued at Rs 15.44 crore is from NTPC, Noida for supply of pre-treatment plant package for Mauda Super thermal power project. The order is to be executed within 28 months.

Another order valued at Rs 31.44 crore is also from NTPC, Noida for its water pre-treatment plant package for Barh Super thermal power project. This order is to be executed within a period of 42 months.

McNally Bharat had on 1 July 2009 received an order worth Rs 81.93 crore from NTPC Bangaigaon for supply and installation of ash handling package of three 250 megawatt (MW). The order is to be executed within a period of 31 months.

McNally Bharat had on 22 June 2009 secured an order worth Rs 30.60 crore from Paradip Port Trust, Orissa for supplying two 3000 tonnes per hour (TPH) capacity reclaimers.

McNally Bharat had on 12 June 2009 secured an order worth Rs 300 crore from Hindustan Zinc for its 2 million tonnes per annum (MTPA) Pb-zinc beneficiation plant at Sindesar Khurd Mines in Rajasthan. The order is to be executed within the period of 18 months.

MBECL's net profit surged 123.30% to Rs 15.79 crore on 160.80% increase in net sales to Rs 536.54 crore in Q4 March 2009 over Q4 March 2008.

The company provides turnkey solutions in the areas of power, steel, alumina, material handling, mineral beneficiation, coal washing, ash handling and disposal, port cranes, civic and industrial water supply.

The company had in February 2009 announced that Williamson Magor & Co, a promoter group company, pledged nine lakh shares representing 2.89% stake of the company. Williamson Magor & Co holds 2.96% stake in the company (as on 31 March 2009).

The total promoter shareholding in the company is 32.30% (as on 31 March 2009).