RIIL

Reliance Industrial Infrastructure Ltd (RIIL), which was earlier recognized as Chembur Patalganga Pipelines built and operated pipeline for transporting petroleum products. Today, the company is much beyond building pipelines; it builds and operates Industrial Infrastructure. It is also engaged in related activities involving leasing and providing services connected with computer software and data processing.  The company posted a relatively good performance, given the state of the economy, especially the infra sector.

For FY13, the company posted a 31% rise in topline at Rs.80.26 crore. Its big ticket operating expense is employee cost, which was up 14% and was 16% of the topline. A debt free company, it posted a net profit at Rs.24.38 crore, up 3%. Equity base is at Rs.15.10 crore and reserves is at a whopping Rs.200 crore at end of FY13. EPS of the year is at Rs.16.15, discounting today’s current price by 23 times.