Saturday, 9 July 2011
RAMKY INFRASTRUCTURE LTD - BUY
Posted on 07:39 by Unknown
Ramky Infrastructure is in the field of construction and Infrastructure since 1994. This company is jointly promoted by Alla Ayodya Rami Reddy and Y R Nagaraja . Company is concentrating in water and waste water, irrigation, transportation, power, Road building & industrial construction activities . Company having good experience in water and waste water related projects and already completed more than 100 projects in this segment.More than half of its top line is generated from water, waste water and irrigation related activities and this sector having very good potential.Company's own designing and engineering team which specializing in this field is an added advantage.Through its subsidiaries and SPV's , Ramky is operating out side India and currently executing some projects like Gabon Special Economic Zone, West Africa ..etc through its subsidiary.Company is also active in many road projects pan India.Recently company received orders worth Rs.600 Cr for various infrastructure development projects. Currently company having an order book of Rs.12000 Cr which gives very good visibility.Ramky shows a CAGR of 40 % for the past 5 years.On a consolidated basis Company posted a turnover of Rs.3147 Cr , net profit of Rs.206 Cr and an EPS of Rs.39 in last FY. Company issued share at Rs.450/- in its IPO and due to lower valuation of infrastructure company's in current market it is available @ Rs.280/- I think Ramky Infra is one of the best bet from infra space and it will out perform with a re- rating in this sector .Investors can bet on this with a long term view at CMP of Rs.280/-
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