Last quarter EPS = Rs. 10.80, Annaulaised 10.80 * 4 = Rs. 43.20
Cureent PE = 275 / 43.20 = 6.3 (Massively undervalued)
True value based on future earnings (at a PE of 15) = 43.20 * 15 = Rs. 648/=
DOCK should be trading around Rs. 600/= now. This is massively under valued at current price.
Also note that company has full of ship building and repair orders entire this year and 2012. I hope they can sustain this earnings in the future quarters. This is a stock which we have to hold in 2011 and 2012.
Please do your study before a decision on buy.