PNC Infratech Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 6619.99 Crore) operating in Infrastructure sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 1616.93 Crore, up 27.21 % from last quarter Total Income of Rs 1271.05 Crore and up 14.70 % from last year same quarter Total Income of Rs 1409.66 Crore. Company reported net profit after tax of Rs 167.90 Crore in latest quarter.
Investment Rationale
PNC Infratech is a mid-sized road EPC player rwith a strong and healthy order book. On an F20 basis it has a book to bill ratio of more than 3.5x. Its entire order book is from the public sector, where risk of cancellation is low. The stock is trading at discount to historical average valuations. It offers a favorable risk-reward ratio.
Promoter/FII Holdings
Promoters held 56.1 per cent stake in the company as of June 30, 2020, while FIIs held 6.4 per cent, DIIs 22.8 per cent and public and other 14.7 per cent.
