GEI Industrial Systems is engaged in manufacturing air-cooled heat exchanger and fin tubes. It provides innovative engineering systems and solutions.
The company has recently bagged the fresh orders worth Rs. 54.46 Crores in Oil & Gas Sector. These orders are for the supply of air-cooled heat exchangers for upstream and downstream projects for Indian Oil Corporation (IOC), Mangalore Refineries and Petrochemicals (MRPL) and ONGC. Last month also, the company announced that it had bagged orders worth Rs 140 crore.
GEI Industrial Systems' consolidated order book is more than Rs 450 crore. In the last one month, company has almost touched total order booking of around Rs 200 crore.
GEI Industrial Systems' net profit surged 44.60% to Rs 3.92 crore on 27% increase in net sales to Rs 61.29 crore in Q3 December 2009 over Q3 December 2008. The current price of Rs 102.35 discounts the company's Q3 December 2009 annualized EPS of Rs 9.43, by a PE multiple of 10.85.
Company eyes over Rs 350 crore topline in FY 10-11 and correspondingly the bottomline also will be there. Long Term prospect looks very good for the company.
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IndiaStock
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The company has recently bagged the fresh orders worth Rs. 54.46 Crores in Oil & Gas Sector. These orders are for the supply of air-cooled heat exchangers for upstream and downstream projects for Indian Oil Corporation (IOC), Mangalore Refineries and Petrochemicals (MRPL) and ONGC. Last month also, the company announced that it had bagged orders worth Rs 140 crore.
GEI Industrial Systems' consolidated order book is more than Rs 450 crore. In the last one month, company has almost touched total order booking of around Rs 200 crore.
GEI Industrial Systems' net profit surged 44.60% to Rs 3.92 crore on 27% increase in net sales to Rs 61.29 crore in Q3 December 2009 over Q3 December 2008. The current price of Rs 102.35 discounts the company's Q3 December 2009 annualized EPS of Rs 9.43, by a PE multiple of 10.85.
Company eyes over Rs 350 crore topline in FY 10-11 and correspondingly the bottomline also will be there. Long Term prospect looks very good for the company.
Thanks for visiting my Blog. Stay tuned for more updates.
IndiaStock
twitter.com/indiastock
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