Book Value 41.08
Face Value 10.00
52Week High 58
52Week Low 17
EPS 6.51
P/E 7.
Dividend 15%
(Specialists in engineering construction)
It is an associate company of Mukand Ltd. which is a Bajaj group company. Mukand EngineersLtd, (MEL), was incorporated in Jan.'87 under the name and style of Mukand Construction & Project Engineering Company Private Ltd. Their object was engineering construction, erection and commissioning of Plants. It was a Subsidiary of Mukand Ltd. It became deemed Public Company in Feb.'90 and later was converted into Public Limited Company in Jul.'92 and a fresh certificate was incorporated. The company was promoted by Mukand Ltd, it is a part of Shah & Bajaj group companies. Presently projects executed by the company include Project and Design Engineering, Mechanical & Civil Construction and Site Fabrication Works. Company now focuses on Core Sector Areas of Power Transmission, HDVC Lines, Hydrocarbon and Port Modernisation. The company has come out with Public Issue of 30,08,000 Equity Shares of Rs. 10/- for cash at a premium of Rs. 30/- per share aggregating to Rs. 12.03 crores. In 1999-2000, the company has setup an Authorised Training Centre in Kurla, Maharashtra for high-end computer training. To facilitate synergical benefits and expansion of the present business, the company acquired the EDP department of Mukand Ltd, which possesses facilities in software development, consultancy, data processing, accounting system on ERP, etc. The company completed the prestigious order which was received from NALCO for the Civil and Structural work at Angul, Orissa. It is also executing turnkey project of green anode plant of NALCO at Angul. The Company's infotech division has suffered set back due to melt down of the IT industry but this year it has posted good performance The company is expecting orders from Power generation and petrochemical industry and also expects work from refurbishing programme being undertaken by Power plants.
Financials:
| Quarter ended | Year ended | ||||||
| 201003 | 200903 | % Var | 201003 | 200903 | % Var | ||
| (3) | (3) | (12) | (12) | ||||
| Sales | 54.72 | 22.66 | 141.48 | 126.28 | 53.51 | 135.99 | |
| Other Income | 0.99 | -0.51 | LP | 2.27 | 1.80 | 26.11 | |
| PBIDT | 6.58 | 3.16 | 108.23 | 16.56 | 7.69 | 115.34 | |
| Interest | 1.12 | 0.55 | 103.64 | 3.49 | 2.46 | 41.87 | |
| PBDT | 5.46 | 2.61 | 109.20 | 13.07 | 5.23 | 149.90 | |
| Depreciation | 0.24 | 0.16 | 50.00 | 0.72 | 0.61 | 18.03 | |
| PBT | 5.22 | 2.45 | 113.06 | 12.35 | 4.62 | 167.32 | |
| TAX | 1.73 | -0.01 | LP | 4.16 | 0.08 | 5100.00 | |
| PAT | 3.49 | 1.96 | 78.06 | 8.19 | 4.00 | 104.75 | |
| Equity | 12.58 | 12.58 | 0.00 | 12.58 | 12.58 | 0.00 | |
Shareholding Pattern
Foreign Holdings 0.44
Govt. / Financial Institutions 0.03
Corporate Bodies 12.75
Directors and their Relatives 52.02
Indian Public 32.4
COMPANY POSTED 100 % SALES AND PROFIT GROTH IN LAST THREE YEARS, AND CURRENT YEAR COMPANY DICLERED DIVIDEND 15%. .PARENT COMPANY POSTED TURNAROUND RESULTS. AND MUKUND IS GOING TO SELL LAND WORTH 700 CR TO REDUCE THE DEBITIN IN THE COMPANY. ALL THIS LEADS TO IMPROVE THE PERFORMENCE FURTHER. BUY AT CURRENT MARKET PRICE 48.8 HOLD UP TO NEXT QUARTER, STOCK WILL GIVE 50 % RETURN IN NEXT 3 MONTHS.
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