Hot Pursuit     05-Oct-09
NCL Industries trips as flood affects power plant
NCL Industries declined 2.56% to Rs 39.95 at 13:46 IST on BSE, after the company said operations of its mini hydro power plant at Pothireddipadu in Kurnool district in Andhra Pradesh were affected by unprecedented floods.

The company made this announcement during trading hours today, 5 October 2009.

Meanwhile, the BSE Sensex was down 181.30 points, or 1.06%, to 16,953.25.

On BSE, 24,676 shares were traded in the counter as against an average daily volume of 55,634 shares in the past one quarter.

The stock hit a high of Rs 41.25 and a low of Rs 39.50 so far during the day. The stock had hit a 52-week high of Rs 48 on 3 June 2009 and a 52-week low of Rs 19 on 6 March 2009.

The small-cap stock underperformed the market over the past one month till 1 October 2009, falling 5.53% as compared to the Sensex's 10.18% rise. It had also underperformed the market in the past one quarter, rising 5.67% as compared to the Sensex's return of 17%.

The company's equity capital is Rs 34.94 crore. Face value per share is Rs 10.

The current price of Rs 39.95 discounts the company's Q1 June 2009 annualized EPS of Rs 4.42, by a PE multiple of 9.04.

Consequently power generation in the plant has halved with effect from 2 October 2009, the company said. The entire plant and equipment has been adequately covered by insurance, the company said in a filing with BSE.

NCL Industries' net profit declined 33.2% to Rs 3.74 crore on 21.7% fall in net sales to Rs 57.03 crore in Q1 June 2009 over Q1 June 2008.

The company is engaged in manufacturing and marketing cement. It operates in four segments namely cement division, boards division, prefab division and energy division.

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