BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
IDBI Capital Report
Rail Vikas Nigam Ltd. is engaged in the business of constructing rail infrastructure i.e. new lines, doubling, gauge conversion, railway electrification, metro projects and workshop.
The company's execution (revenue) was up 2% YoY in Q1 FY21 versus last five years revenue compound annual growth rate of 37%.
Lower increase in the execution versus past trend is due to lockdown in April-2020.
Q1 FY21 earning per share forms 20% of our FY21E EPS estimate.
We expect execution to improve as out of Rail Vikas Nigam's order book of Rs 806 billion, 44% are firm orders and execution is in progress.
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 brokerage 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.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
