Bajel EPC business is in transmission lines. The closest peers are K E C International Ltd and Kalpataru Projects International Ltd. Voltas EPC deals with mining, water management and treatment, construction equipments and textile industry.
https://www.screener.in/company/compare/00000008/00000102/
These are low margin business with intense competition.
Recent results shows good sales growth, but the company made a loss this quarter.
Looking at today’s result, 200 Cr quarterly sales if extrapolated will give 800 Cr annual sales. So the company appears expensive on price to sales basis. More clear picture will emerge in the next quarter.
This is what I am expecting to happen. Recent push by government to power sector should increase business of allied industries. Being in the business for a long time will help them get orders due to reliability. Their choice of business and execution will determine the future.
Yes this seems to be the case. But he is a mechanical engineer so will look for execution.
Thanks for analysing them. Please keep giving feedback.
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