P/E (12 months at lower end: 15.6x, at upper end: 18.72x)
Chief operating officer, Rohit Katyal informed that the company operates on projects of about Rs 150-200 crore at present. Post issue, they plan to get into projects of Rs 300 crore or more. The company has an escalation clause in place in most projects, even as steel prices can be an area of concern.
The company has also drawn up plans to enter the lucrative engineering procurement and construction (EPC) business for executing oil and gas transmission contracts. It has also set a target of expanding its activities in water distribution system.
At the upper end of the price band the company has a P/E of 18.72x and at the lower end at 15.6x. Its bigger competitors trade at IRVCL (21.81x), L&T (29.47x), HCC (36.57x) and Gammon India (49.06x). The IPO opens on February 16 and closes on February 22.
