YoY Rev at 554cr vs 500cr⬆️10.8%
QoQ Rev at 554cr Vs 485cr⬆️14.2%
FY Rev at 1748cr vs 1241cr ⬆️40.8%
YoY PAT at 55cr vs 41.7cr⬆️31.9%
QoQ PAT at 55cr Vs 50cr⬆️10%
FY PAT at 166cr vs 81Cr⬆️105%
Q4 EPS at 15.3 Rs vs 11.6 Rs
FY22 EPS at Rs. 46.2 vs 22.6
✓ OCF 147 Cr Vs. 73 Cr in YoY⬆️ strong OCF
✓EBITDA margin: 15.8% Vs. 12.4% in YoY, EBITDA: INR 88 Cr Vs. 62 Cr in YoY up by 42%
✓ PAT Margin: 9.3% Vs. 8.1% in YoY Vs. 9.5% in QoQ
✓ Current PE: 11, Forward PE: 9
✓ ROE: 24%, ROCE: 21%
✓ Debt/Equity: 0.15
✓ Robust order book which is around INR 4,324 Cr as of March 2022 (CAGR: 14% growth). Order Inflow during FY22 stood at INR 1,802 crore. prominent projects includes: Noodle Factory project in Gujarat for a $350 billion multinational company, Sports Complex for Ahmedabad University, Zydus Hospital, Baroda.
✓ During the year successfully completed 17 projects. All the projects are completed in time. Total projects completed till date totals to 183 projects.
✓ GoI announced an ambitious project of adding 100 new airports by 2024.
✓ High-speed bullet trains and metro rail, construction of DelhiMumbai Industrial Corridor, concept of sustainable smart cities like GIFT City, hospitals and greenfield industrial smart city projects are contributing to India’s dynamic transformation
✓ Allocated ₹ 6,450 crore in Union Budget 2021-22 for the Smart Cities Mission
✓ Government projects comprised a major chunk of the order book at 68% in FY22 vs 62% in FY21
View: Strong result and continuously improvement their order book. Govt push towards high class infrastructure will give advantage to large organized sustained player. Current Price is good to hold and any downside will give good opportunity to add for the share for mid to long term basis.