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This Article is From Nov 22, 2021

PNC Infratech - Order Book Needs Augmentation; Valuation Comforting: Anand Rathi

PNC Infratech - Order Book Needs Augmentation; Valuation Comforting: Anand Rathi
Cranes operate on a modern high-rise apartment construction site in Istanbul. (Photographer: Moe Zoyari/Bloomberg)
STOCKS IN THIS STORY
PNC Infratech Ltd
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BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Anand Rathi Report

The continuing good pace of execution with no orders since January 2021 mean PNC's revenue assurance is now ordinary.

Citing sound prospect pipeline, and as it expects competition to moderate (with the benefits of diluted PQs/other relaxations announced under the AtmaNirbhar Bharat Scheme set to lapse on December 31, 2021), management is sanguine of adding orders in time to keep growth going beyond the foreseeable future.

The balance sheet is sturdy, and with Ghaziabad-Aligarh monetisation nearing fruition, it has potential to be sturdier.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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