Hi All,
Seems like not much traction here recently. I think many contractor businesses have been doing well & should keep doing well over the next many quarters. Capacite has good reputation & has been gaining orders from multiple states & real estate developers. Revenue to order book is strong >4 times & has been executing well since over a year now. Good capex support from both govt & private, good order book to revenue ratio maintenance & reasonable valuations have been supporting the stock rallies so far. Of course it’s a highly cyclical & risky space but the management seems very competent, hungry & transparent. Which makes a good cocktail with infra upswing.
Disc: Holding
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