Based on company guidance given post last quarter’s results, the company has a total orderbook of ₹38,023 crore as on September 30, 2022, and considering FY22 revenue of ₹7379 crore, the book to bill ratio comes to 5.4, which means the revenue visibility of the company is close to five years. However, the management is of the opinion that this orderbook can be executed in 3-4 years.
On the margins front too, this is what they said – The company has stated that it intends to maintain net profit margin around 7.5 per cent. The management intends to bid for projects where the margins can be managed and is not interested in going for aggressive bidding at lower levels where margins cannot be maintained. The company has said that even for cost plus projects it is placing bids as cost plus 8-9 per cent margins.
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