IVRCL Infra turnover could go up to 8000 cr in the next 2 years: Dilip Bhat, Prabhudas Lilladher

Dilip Bhat, Joint Managing Director, Prabhudas Lilladher, in a chat with ET Now talks about IVRCL Infra.

How do you expect IVRCL Infra to move going forward?

I think as far as this order book of IVRCL is concerned, it’s almost close to 24,000 to 25,000 crores. More importantly, since they have a separate company now for all the BOT projects and IVRCL main is just going to be the execution arm. So the capital intensity of the business now is changing for the main parent company.

It eternally used to be a cash negative company but perhaps we will see that kind of thing changing. But more important what we can see is may be the edging towards 5600 crores turnover for this year. But over the next two years the turnover could go right up to 8000 crores and possibly the profit from around 225 can go right up to 300 crores plus. I think this company is a very liquid stock.