• Sadbhav Engg.

    Sadbhav’s order book was at ~Rs13300cr as of Q4FY18. The construction of roads and highways has witnessed a pickup owing to an increase in focus on infrastructure by government. The company is also well positioned to benefit from the Bharatmala projec...

    Buy Reco. Price: 270.00

  • NBCC

    NBCC is set to benefit from robust order book of ~Rs80,000cr. Being a niche player in the industry, NBCC would benefit from government’s initiative like Housing for All, AMRUT, Smart Cities, etc. The company’s land bank of ~170 acres will fetch ...

    Accumulate Reco. Price: 74.20

  • IRB Infra.Devl.

    IRB’s construction order book as of Q1FY19 stands at ~Rs14100cr (~3.6x FY18 EPC revenues). Company's revenues from new projects are expected to commence from H2FY19. We estimate the company to report revenue CAGR of 20% over FY18-20E. The company ...

    Accumulate Reco. Price: 190.00

  • Gayatri Projects

    GPL has a strong order book of ~Rs13,200cr as of FY18 giving it revenue visibility for next two years. It has a bid pipeline of ~Rs6,000cr over FY19E, primarily consisting of road engineering, procurement and construction orders. We estimate revenue and PAT...

    Accumulate Reco. Price: 206.00

  • GMR Infra.

    GMR had won bids to develop and operate greenfield airports in Greece and Goa. Also, government’s spending of ~Rs68,000 over next five years for development of airport infrastructure is expected to aid revenue growth. We expect the company to report r...

    Accumulate Reco. Price: 18.00