Scripscan:Jyoti Structures Ltd
cmp:60
Traded in:nse-bse
Story:Jyoti structures is one of India’s largest transmission tower companies.It has got a diversified revenue mix –with around 55% revenue contribution coming from Transmission Line,25% from Sub Station and rest from rural Electrification.Order book as of Dec. 2008 stood at Rs 3,510 cr with 85% of which being domestic orders,9%deemed exports and balance is exports. Out of the total order book about 80-85% of the contract is covered under price variation clause.Tenders in pipeline of about Rs 6,000 cr, which are due in next 2 quarters, excluding REC tenders and Maharashtra Transmission orders.The company plans to invest more than Rs 600 million (FY09E) to strengthen its export presence in areas like the Middle-East and Africa.The capex would mainly be towards buying construction equipment and CNC machines.Robust investment scenario in the transmission and distribution space may translate into high order book growth and better margins for Jyoti Structures. The outlook in the power T&D space remains encouraging.Jyoti structures quotes at 6 times its fy10 earnings and investors may opt for the counter with a long term horizon at dips.
Tuesday, April 14, 2009
Important Disclaimer&Privacy policy
This blog does not share personal information with third parties nor do we store any information about your visit to this blog other than to analyze and optimize your content and reading experience through the use of cookies.You can turn off the use of cookies at anytime by changing your specific browser settings.This privacy policy is subject to change without notice and was last updated on 20.3.2013. If you have any questions, feel free to contact me directly here: arunsharemarket@gmail.com
Investment in equity shares has its own risks.Sincere efforts have been made to present the right investment perspective.The information contained herein is based on analysis and up on sources that I consider reliable. I,however,do not vouch for the accuracy or the completeness thereof.This material is for personal information and am not responsible for any loss incurred based upon it & take no responsibility whatsoever for any financial profits or loss which may arise from the recommendations above.The stock price projections shown are not necessarily indicative of future price performance.The information herein, together with all estimates and forecasts, can change without notice.
