The God of Pennies

I first tracked Hindustan Dorr-Oliver Ltd. in the summer of 2004, somewhere in the month of May. The stock was lingering at around 36 rupees per share. A lot has happened to the stock price and the company over the last 24 months. I am kinda shaken over the current price of the stock, especially when I measure it up with the profit numbers (quarterly data) of the stock ...
Mar-04: 8.78 crs; Jun-04: 0.04 crs; Sep-04: -0.38 crs; Dec-04: -0.91 crs
Mar-05: 2.37 crs; Jun-05: 0.37 crs; Sep-05: 0.39 crs; Dec-05: 2.90 crs

As on 7-Apr-2006, the CMP of the company is at 847.00 rupees. So here is a stock which is at a trailing PE of 154.20 and a fwdPE of 97.90; with an EPS (fwd) of around 9 rupees per share .. and yet commands a market value of 489.52 crores.

Take a bow, gentlemen ... you've just met the god of 'pennies' !!!!