RVNL keeps.geting orders like this very regularly. it is very difficult to assess case by case.
What can be monitored is the cumulative order book and the rate of execution every quarter which again in terms of the quarterly performance.
As per the last update I have is cum order book of 65000 Crore as of 15th August, 2023. They were aiming to reach 1,00,000 crore by March 31, 2024, though it may be highly ambitious target set by the company.
However, Going by the current run rate ( order book was 50,000 crore by 31st March, 2023, and 65000 crore by 15th Aug , 2023 and during last one and half months, they have received several orders) , it may be possible to reach 1,00,000 crore. That means , they are good to go for next 5 years turn over approx.
What as an investor we need to see is the speed at which they execute and the most importantly whether it is reflected in quarterly financials
Discl: Invested at lower level and hence may be biased. This is not a buy or sell recommendation. PSU’s do have inherent risk of frequent policy changes which may or may not be good for minority share holders.
Please do your own assessment before investment
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