Some good pointers I noted down:
- Anand Rathi. Buy. TP 300 Rs. {26-28% Upside)
••••••••••• Investment Rationale
- EPC company with low PE (<30) and high ROCE of 24%.
- 3 yrs ROE Avg - 25% (Not Cagr)
- 1 yr revenue 1470 Cr while having an order book of 4900 + 510 Crores already.
- New bidding orders pipeline of approximately ₹5,000 crores Awaited. historic conversion rate is around 17% to 18%. So approx 800 Crores of more order expected.
•••••••••• Management Guidance
- Revenue growth guidance for FY25 projected between 15% to 20% on a conservative basis.
- Company has enough cash reserves to execute the the orderbook.
- Management expects Margins to improve further. And EBITDA will be better.
- Gave Good returns to 1 MF house that had position in it - Quant Small Cap Fund
https://economictimes.indiatimes.com/markets/stocks/news/unique-picks-stocks-held-by-only-one-mf-scheme-in-july-deliver-big-returns/fund-favorites/slideshow/112647204.cms
Disclaimer: Not invested yet. Will be investing soon.| Subscribe To Our Free Newsletter |
