Have the same question Souresh. Although the mgt has stopped issuing guidance post Covid, there is an indication that the order book for the current fiscal may be another 4000 cr which indicates a little over 3.5X of order book to trailing revenues. The break up of the order book and execution between municipal vs industrial becomes critical as one would expect municipal being B to G model may potentially be a dragger and therefore may not translate to execution. The latest investor presentation highlights the order intake ratio between Municipal vs Industrial at 52% to 48%.
Tracking this break up both from execution and order book very closely
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