They received 166cr EPC order, to be executed over 8 quarters, average of 20cr per quarter. Not sure of margins they’ll get there. It may need some investments, but even at 25% net margins, this one EPC order adds 4cr/qtr 16 cr/yr PAT. Equivalent of 200cr capex. Also, there are some articles that highlight that good quality EPC players is the bottleneck in wind capacity growth. So, growing EPC order book is the missing kicker. My guess is, market is also betting on EPC growth.
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