Hindustan Dorr Oliver Ltd Stock Quotes and Charts
Hind. Dorr-Oliver Ltd is a leading engineering company engaged in turnkey projects to serve a diverse range of industries like environmental engineering, pulp and paper, chemicals and fertilisers. The company has executed some outstanding phosphatic fertiliser plants, systems for water management, and the petrochemical and oil and gas industries. The company has secured mega orders for design, supply, engineering and construction of integrated effluent treatment plants from IOC and HPCL. Excellent results are forecast from the company. Buy at current levels for target price of Rs 300
Hindustan Dorr-Oliver reported a net turnover of Rs 3,060 mn, for FY08, recording a growth of 46.8%. The operating margin, for the year, increased by 230 bps to 11.3%, over FY07. The increase is subsequent to the company's focus on undertaking high margin projects. However, with increasing competition and material cost concerns being faced by the industry, we maintain a conservative outlook on margin expansion, in the future.<br><br>The current order book stands at Rs 9 bn, with high exposure towards mineral beneficiation which garners better margins over environmental projects.<br><br>At the current market price, the stock is trading at 10.9x FY09E and 6.7x FY10E earnings. We maintain a Buy on the stock.<br>
Hindustan Dorr-Oliver Limited Conferred the Frost & Sullivan 2009 Business Development Strategy Leadership Award for Indian Water and Wastewater Treatment Equipment Market.The company is planning to setup new plants at Dahej (in Gujarat) and Tamil Nadu.
Hindustan Dorr-Oliver Ltd has informed that the members at the 35th Annual General Meeting (AGM) of the Company held on September 15,2010, inter alia, have unanimously adopted the Annual Accounts for the year ended March 31, 2010 and have approved payment of dividend at the rate of Rs. 0.80 per share i.e. 40%.
in 1972 â€œThe margin of steafy is the difference between the percentage rate of the earnings on the stock at the price you pay for it and the rate of interest on bonds, and that margin of steafy is the difference which wouldabsorb unsatisfactory developments. At the time the 1965 edition of The Intelligent Investor was written the typical stock was selling at 11 times earnings, giving about 9% return as against 4% on bonds. In that case you had a margin of steafy of over 100 per cent. Now [in 1972] there is no difference between the earnings rate on stocks and the interest rate on stocks, and I say there is no margin of steafy . . . you have a negative margin of steafy on stocks . . .â€The bond rate in 1971 was about 7.6%.So basically, in 1940 he said that fair value of the average stock lies at the price where they yield double the rate of a AAA bond. And in 1972 he was equating fair value of stocks at the price where they`re earnings yield was the same as that of the AAA bond.
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