PNC Infratech Ltd., incorporated in the year 1999, is a Mid Cap company (having a market cap of Rs 7596.12 Crore) operating in Infrastructure sector.
PNC Infratech Ltd. key Products/Revenue Segments include Contract Revenue, Material and Scrap for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 1825.48 Crore, up 22.94 % from last quarter Total Income of Rs 1484.81 Crore and up 43.62 % from last year same quarter Total Income of Rs 1271.05 Crore. Company reported net profit after tax of Rs 132.06 Crore in latest quarter.
Investment Rationale
Strong order book and a lean balance sheet the brokerage reiterates Buy rating on the stock and value EPC business at a P/E of 15x on FY23E EPS & BOT/HAM projects at 0.5x P/B with a TP of Rs 370.
Promoter/FII Holdings
Promoters held 56.07 per cent stake in the company as of 30-Sep-2021, while FIIs owned 11.57 per cent, DIIs 28.34 per cent.
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