Year ended 31st March 2011 2010 2009 2008
KEY INDICATORS
Earning per Share (Rs.) 3.78 1.75 1.75 2.51 3.18
Net Assets per Share (Rs.) 45.35 42.77 42.02 40.78 39.47
Market price per Share (Rs.) 32.90 20.75 12.50 18.00 17.00
OTHERS
Price Earning Ratio (times) 8.70 11.86 7.17 7.17 5.35
Dividend Rate (%) 1.20 1.00 0.5 11.00 11.00
Interest Cover (times) 10.24 6.97 5.93 36.33
Dividend Yield 3.65 4.82 4.00 6.11 6.47
Equity to Total Assets(%) 79.35 76.48 74.90 80.20 83.52
Number of shares in issue (‘000) 48,750 48,750 48,750 48,750
If you look at above summary you can see the share is traded well below its NAVPS . Now it closing the gap bit. I do not think P/E ratio is also high.
Can some one explain why this share trade below its NAVPS for so long time? there should be some reason...