Kilburn Engineering gains after winning new orders

Kilburn Engineering rose 1.65% to Rs 21.55 at 12:18 IST on BSE after the company said it won five separate orders worth over Rs 90 crore.

The company made the announcement on Saturday, 5 April 2014.

Meanwhile, the BSE Sensex was down 148.08 points, or 0.66%, to 22,211.42.

On BSE, so far 1,773 shares were traded in the counter, compared with an average volume of 5,704 shares in the past one quarter.

The stock hit a high of Rs 22 so far during the day, which is also a 52-week high for the counter. The stock hit a low of Rs 20.35 so far during the day. The stock hit a 52-week low of Rs 8.10 on 22 August 2013.

The stock had outperformed the market over the past one month till 4 April 2014, rising 15.53% compared with the Sensex's 5.42% rise. The scrip had also outperformed the market in past one quarter, rising 26.19% as against Sensex's 7.23% rise.

The small-cap company has an equity capital of Rs 13.26 crore. Face value per share is Rs 10.

Kilburn Engineering announced that it won a Rs 31 crore order from a large Fertilizer Company for supplying equipment for a new DAP/ NPK fertilizer project. It also won export orders worth $1.67 million from two US-based companies for rotary dryers for carbon black/phosphate. The company won a Rs 18 crore order for coolers for NPCIL's projects in Gujarat & Rajasthan for nuclear reactor building cooling systems. Further, the company said it won orders worth Rs 10 crore for fluid bed and other dryers for salt, ABS and fertilizer etc. The company also won orders worth Rs 23 crore for dryers for food processing industry (including export worth Rs 5 crore).

Kilburn Engineering reported net profit of Rs 0.67 crore in Q3 December 2013 as against net loss of Rs 5.02 crore in Q3 December 2012. Net sales rose 56.27% to Rs 23.19 crore in Q3 December 2013 over Q3 December 2012.

Kilburn is a design, engineering and manufacturing company of critically customized equipment for a host of industries including chemical, petro-chemical, process offshore, oil & gas, fertilizer, cement, etc.

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