Era Infrastructure is a fundamentally strong company: Sudhir Nair

Sudhir Nair, Head Equities, CRISIL Research in an interview with ET Now talks about Era Infrastructure.

What is the call on Era Infrastructure?

Era Infrastructure now is a very good midcap play in the infrastructure space. This is a company that is primarily in the infra space with a 85 billion order book and very well diversified that into roads, infrastructure, other parts of social infrastructure.

So now this company is in the right place. It has around 2.5 to 3 times its turnover order book position right now and over the next 2 years, it has bagged around 6 BOT projects in 2007 of which 3 BOTs will get online in FY12. So that will add to its revenue. Going forward, this is a company that is fundamentally strong again a 4 on 5 that we have rated it and given the forecast especially earnings growth that we have seen for this company over the next 2 years, the fair value assigned to this group is around 268.

What would be the time horizon for these price targets?

This will be around one year, over the next one year.