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
Revenue at a new quarterly high, an all-time-high firm order book and a many year-low leverage are some of the positives that set the stage for JMC Projects India Ltd. to keep on churning out healthy performances.
A swift recovery from the earlier Covid-19 induced disruption implies processes have been put in place, and the company is better prepared to deal with the second wave.
In build-operate-transfer-toll, restructuring and monetisation efforts are underway. Any success would support cash flows.
The swiftly recovered execution pace and a pruned working capital cycle lead us to raise our estimates, and better growth prospects make a case for a higher price-to-earning multiple.
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