INSUBCONTINENT EXCLUSIVE:
Rakesh Bansal of R K Global has a buy call on Generic Engineering Construction and Projects with a target price of Rs 400.The current market
price of Generic Engineering Construction and Projects is Rs 310.50.Time period given by the analyst is one year when Generic Engineering
Construction and Projects price can reach the defined target
Generic Engineering Construction and Projects, incorporated in the year 1994, is a Small Cap company (having a market cap of Rs 590.71
Crore) operating in Service sector
Investment rationale by Rakesh Bansal:In the recently reported result, the company has shown a huge growth in top and bottom line as
compared to the last financial year
Operating income for FY18 showed growth of 260.3 per cent and closed at 138.97 crore as compared to FY17
The PAT showed the growth of 597 per cent for the same period and closed at Rs.11.50 crore.The efficient utilization of fund dragged down
company's debt to equity ratio at 0.25X
The company has a strong order book of 450 crore
In the past, company had successfully delivered more than 200 projects with repeat and reputed clientage including Hindustan Unilever,
Glenmark, BMW, Sify and more
The company is one of the most prominent players in the small project size in the range of 15 - 75 crore.
