One stock that fell the most in recent times was French Nuclear Power company, listed in India as Areva T&D.
Areva is one of the five companies authorised by International Atomic Energy Authority to construct Civil Nuclear Reactor. Although Areva's presence in Indian Civil nuclear projects is not visible, it has been actively participaring in Transmission and Distribution (T&D) of power.
Reason for Areva's fall from 2008 peak are:
> In 2004-2008, Sales grew 33% and earnings grow by 41% CAGR
> Post 2008, Power projects didnot pickup, Orderbook slowed down.
> Increasing competition from Chinese and Korean imports
> Apart from that, recent demerge of the Medium voltage business operations into a wholly owned subsidary of Smartgrid Automation Distributionand Switchgear ltd was read negatively by the market and the stock fell 22% on 15th Dec 2011 - the day of demerger.
As per the demerger, existing Areva share holders would get 1:1 shares in the new company - Smart Grid.
The companies EPS is Rs.8.87/SH.
PE works out to 16.91.
Book value of the company is Rs.41.90.
At current price Price to Book value is 3.58.
Dividend Yield is 1.2%
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