The company declared its results during trading hours on Friday, 30 October 2009, when the stock had surged 4.23% to Rs 136.65.
Meanwhile, the BSE Sensex was down 90.12 points, or 0.57%, to 15,806.16.
On BSE, 69,510 shares were traded in the counter as against an average daily volume of 60,872 shares in the past one quarter.
The stock hit a high of Rs 143.45 and a low of Rs 137 so far during the day. The stock had hit a 52-week high of Rs 156.35 on 26 August 2009 and a 52-week low of Rs 24 on 3 February 2009.
The stock has risen 8.77% in just two trading sessions from a recent low of Rs 131.10 on 29 October 2009.
The small-cap stock had outperformed the market over the past one month till 30 October 2009, falling 1.48% as compared to the Sensex's 7.18% fall. It had also outperformed the market in the past one quarter, gaining 17.85% as compared to the Sensex's return of 3.30%.
The company's equity capital is Rs 7.20 crore. Face value per share is Rs 2.
The current price of Rs 142.60 discounts the company's Q2 September 2009 annualized EPS of Rs 17.38, by a PE multiple of 8.20.
Hindustan Dorr-Oliver's current order book stands at Rs 1398 crore, which is 2.72 times its sales of Rs 513.33 crore for the year ended March 2009, giving strong revenue visibility.
The company had on 27 October 2009 won a new order from Anrak Aluminium for installing and commissioning work of residue separation, washing, flocculation, oxalate removal and causticisation package for an upcoming alumina refinery plant at Vishakhapatnam, Andhra Pradesh.
Outotech GmbH, Germany is the technology partner for the contract. Outotech is a leading global technology provider of process solutions, technologies and services in mining and metallurgical industries.
The combined contract value of the project is approximately Rs 96 crore. The project is to be executed within 18 months.
Early last month, Hindustan Dorr-Oliver bagged an order worth Rs 130 crore from Bharat Aluminium Company, a Vedanta group company for commissioning of fume treatment plant for a smelter expansion project at Korba, Chhattisgarh. Fives Solios, France is the technology partner for this project. The total order value along with Fives Solios is worth Rs 276 crore. The project is to be executed within a period of 20 months.
Hindustan Dorr-Oliver, owned by IVRCL group is a total engineering solutions provider in the field of pulp & paper, fertilizers, mineral beneficiation and all kinds of water & waste treatment plants.
IVRCL Infrastructure & Projects holds 55.10% stake in the company (as on 30 September 2009).
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