Patel Engineering is an engineering behemoth. Buy for Target Price of ₹76 (+54%)

Discussion in 'Latest Brokerage Stock Buy-Sell Reports' started by Vidhi Khanna, Jan 10, 2025 at 7:36 PM.

  1. Vidhi Khanna

    Vidhi Khanna Active Member Staff Member

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    Patel Engineering is an engineering behemoth. Order book is ₹191bn (4x TTM revenue). It is a major beneficiary of Infra capex for hydro plants. Revenue CAGR at 18% over FY20-23. YTDFY24 revenue increased by 20% YoY. Buy for Target Price of ₹76 (+54%)

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