PINC Research puts 'buy' on Simplex Infrastructures
Simplex Infra
cmp: Rs 157.35
target price: Rs 264
PINC Research has initiated coverage on Simplex Infrastructures (SIL) with a ���buy��� rating. According to PINC, SIL has exhibited a strong growth metrics over the past five years. The company���s revenues have grown at a compounded annual growth rate of roughly 45% over FY04-08, while its net profits have grown around 75% during the same period.
���We believe the company having garnered proficiency in technical know-how and execution skills across diverse sectors, is presently in the midst of a steep growth trajectory. Further, a robust & diversified order book of approximately Rs 20,700 crore (2.5 times FY09 estimated revenues) provides earnings visibility over the next 18-20 months,��� Pinc Research said in its report.
The broking house believes that the SIL stock is largely undervalued and doesn���t capture the fair value of its extensive execution capabilities and new business initiatives.
cmp: Rs 157.35
target price: Rs 264
PINC Research has initiated coverage on Simplex Infrastructures (SIL) with a ���buy��� rating. According to PINC, SIL has exhibited a strong growth metrics over the past five years. The company���s revenues have grown at a compounded annual growth rate of roughly 45% over FY04-08, while its net profits have grown around 75% during the same period.
���We believe the company having garnered proficiency in technical know-how and execution skills across diverse sectors, is presently in the midst of a steep growth trajectory. Further, a robust & diversified order book of approximately Rs 20,700 crore (2.5 times FY09 estimated revenues) provides earnings visibility over the next 18-20 months,��� Pinc Research said in its report.
The broking house believes that the SIL stock is largely undervalued and doesn���t capture the fair value of its extensive execution capabilities and new business initiatives.
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