Initial thoughts:
As a Civil engineer working on similar projects, I feel, the work they do, needs very basic engineering and designing skills with no competitive edge. This industry is very much fragmented with lot of unlisted and small companies. They do the same with basic Tekla license and producing a detailed drawing from structural drawing doesn’t need any sort of skill except a software license.
At present the advantage for them is doing the US projects with cheap designers in India which could be the cause of higher OPM. To know the sustainability of client relations and risk of not getting repetitive clients ( due to quality issues), I will research further to know the clientele, through my friends in the same industry.
I work in UAE as engineering manager and we also offload our work to Indian companies for cost advantage. But Indian companies are struggling with Structural Engineeing, as it’s very less margin business due to higher salaries of Engineers, when compared to detailers (mostly diploma holders and ITI candidates).
In mechanical domain, they are doing good though.
Just started reading about the company and shall try to give more insights with the knowledge and expertise I have in this industry.
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