Vesuvius delivered yoy Top-line growth of 16% for 4QCY2007 to Rs90cr. For CY2007, Vesuvius India Topline grew 18% yoy to Rs319cr. For 4QCY2007, Vesuvius clocked a substantial 253% increase in Net Profit to Rs9.9cr (Rs2.8cr). In 4QCY2006, Vesuvius India had extraordinary expenses to the tune of Rs6cr. At the CMP, Vesuvius India stock is trading at 9x CY2009 EPS. We maintain a Buy on the stock.

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