Scripscan:Roman Tarmat Ltd
cmp:50
Code:532869
Story:Promoted by Jerry Varghese, Roman Tarmat provides engineering, procurement and construction services for highways and roads, airside works and other civil work. The company has also set up a ready-mix concrete (RMC) plant at Goregaon, Mumbai, with an installed capacity of 30 cubic meters per hour to cater to its captive requirement and four automatic stone crushing units to enhance its operational efficiency.In near future,several thousands kms of roads would be awarded under the National Highways Development Programme. As Roman Tarmat is one of the players operating in the road segment, it may see further increase in order book. Apart from this. the company is also likely to benefit from increase in investment in restructuring of existing airports and setting up green field airports.The company is expected to post 8rs earnings in fy11.At present price of 50rs the same discounts it by around 6.3times which is cheap compared to what its bigger peer valecha and C&C Construction enjoys in the market.I rate it a hold as this point of time and fresh position can be initiated around sub 40 mark.
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Wednesday, November 18, 2009
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