Dec 07, 2012, 03.54 PM IST | Source: Moneycontrol.com

Orbit Exports up 4% on revised credit rating by ICRA

Shares of Orbit Exports rallied 4.27 percent to Rs 63.45 on the Bombay Stock Exchange, continuing the uptrend for the third consecutive session on Friday. The stock gained 12.7 percent in three days.

Shares of Orbit Exports rallied 4.27 percent to Rs 63.45 on the Bombay Stock Exchange, continuing the uptrend for the third consecutive session on Friday. The stock gained 12.7 percent in three days.

The rating agency ICRA Credit Rating (ICRA) has upgraded the rating of fund based and fund based limits instruments to A2+ while reaffirmed BBB (stable) rating on term loan (worth Rs 13.36 crore), cash credit (Rs 15 crore) and proposed bank facilities (Rs 5.64 crore).
 
Market capitalisation of the company currently stands at Rs 80.58 crore.
 
Orbid Exports reported net profit of Rs 3.68 crore on total income of Rs 31.47 crore in the quarter ended September 2012. In the year 2011-12, the net profit stood at Rs 9.02 crore on sales turnover of Rs 102.11 crore.

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Orbit Exports stock price

On April 16, 2014, Orbit Exports closed at Rs 108.05, down Rs 1.65, or 1.5 percent. The 52-week high of the share was Rs 123.80 and the 52-week low was Rs 65.05.


The company's trailing 12-month (TTM) EPS was at Rs 15.61 per share as per the quarter ended December 2013. The stock's price-to-earnings (P/E) ratio was 6.92. The latest book value of the company is Rs 35.60 per share. At current value, the price-to-book value of the company is 3.04.

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