Company is one of the best performing infra companies with good execution trach record.
They have huge order book with good margins. one of the few companies which did not venture into owning projects (esp. road projects) but stuck to EPC model and made good money. Have started giving high dividend from FY 22 and expect dividends to to go to Rs 15 to 20 p.a. going forward.
They have good asset base (depreciated) including largest number of TBMs (needed for metro and other tunneling projects).
With infra spending to continue in india for next 20 to 30 years this company will be a multi bagger.
Price has corrected due to IT raid. it is an opportunity to accumulate and wait for good results and dividend,
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