PNC Infratech Ltd. News and Updates

Name: Latest research reports of PNC Infratech Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: PNC Infratech Ltd.
Rating: 5
Author: ICICI Securities Limited

Keep track of all breaking news on PNC Infratech Ltd. from all sources in a single place.

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PNC Infratech Ltd.

28 Jun 2020

303.60

-0.12%

PNC Infratech

Buy: PNC Infratech Ltd.

Target

ICICI Securities Limited

PNC remains our preferred pick in the EPC space given its robust order book, comfortable working capital cycle, healthy return ratios and lean balance sheet. Notwithstanding near term hiccups on account of Covid-19, PNC is likely to tide over with resilient fundamentals. While monetisation of BOT/HAM assets could be delayed in near term, we do not see it as a major issue with sufficient internal accruals from current order book enough for equity infusion. Hence, we maintain our BUY rating on the stock with a revised SoTP target price of | 175/share. We value its construction business...

PNC Infratech Ltd. has an average target of 358.71 from 7 brokers.

PNC Infratech Ltd.

27 Jun 2020

303.60

-0.12%

Buy PNC Infratech; target of Rs 205: Prabhudas Lilladher

Moneycontrol

Prabhudas Lilladher is bullish on PNC Infratech has recommended buy rating on the stock with a target price of Rs 205 in its research report dated June 27, 2020.

Axis Direct downgraded PNC Infratech Ltd. to Hold with a price target of 310.0 on 18 Aug, 2025.

Buy PNC Infratech; target of Rs 233: Dolat Capital

Moneycontrol | 27 Jun 2020

PNC Infratech Ltd.

26 Jun 2020

303.60

-0.12%

PNC Infratech jumps 16% on receipt of LOA for HAM project of Rs 1,412 cr

Business Standard

The project is to be constructed in 24 months and operated for 15 years post construction.

PNC Infratech Ltd. is trading below its 30 day SMA of 310.0

PNC Infratech Ltd.

26 Jun 2020

303.60

-0.12%

PNC Infratech

Buy: PNC Infratech Ltd.

Target

Dolat Capital

We broadly maintain our revenue and EBITDA margin estimates for FY21E/ FY22E. However, we increase our FY22E APAT estimates due to lower tax as company will adopt the new tax rate from FY22E. We expect healthy revenue/ APAT CAGR of 9.1%/ 8.1% over FY20-22E. Moreover, revenue/ APAT growth significantly slows down to 2.3%/ 10.3% in FY21E due to lockdown impact and jumps back to revenue/ APAT growth of 16.4%/ 30.2% in FY22E driven by stabilization of labour and supply chain issues coupled with execution from 4 HAM projects where AD is expected in Q3FY21E. The current core construction...

Axis Direct downgraded PNC Infratech Ltd. to Hold with a price target of 310.0 on 18 Aug, 2025.

PNC Infratech Ltd.

25 Jun 2020

303.60

-0.12%

PNC Infratech Standalone March 2020 Net Sales at Rs 1,157.95 crore, up 7.65% Y-o-Y

Moneycontrol

NULL

Axis Direct downgraded PNC Infratech Ltd. to Hold with a price target of 310.0 on 18 Aug, 2025.

PNC Infratech Ltd.

03 Apr 2020

303.60

-0.12%

NCC Limited

Buy: PNC Infratech Ltd.

Target

ICICI Securities Limited

Construction remains one of the most severely impacted sectors due to the Covid-19 lockdown. The tolling at highways was stopped given the lockdown while execution of EPC/HAM projects has come to a blanket halt amid unavailability of labour and raw materials. We expect labour unavailability to persist even once the lockdown is lifted as it could take time for remobilisation of labourers. Also, even if the work at project sites resume within one or two weeks post the lockdown, the onset of the monsoon season from Q2FY20E could slow down execution, going ahead. Amid these...

PNC Infratech Ltd. has an average target of 358.71 from 7 brokers.

PNC Infratech Ltd.

03 Apr 2020

303.60

-0.12%

PNC Infratech

Buy: PNC Infratech Ltd.

Target

ICICI Securities Limited

Axis Direct downgraded PNC Infratech Ltd. to Hold with a price target of 310.0 on 18 Aug, 2025.

PNC Infratech Ltd.

17 Feb 2020

303.60

-0.12%

PNC INFRATECH LIMITED

Accumulate: PNC Infratech Ltd.

Recommendation Target

Geojit BNP Paribas

Strong execution of large projects led to strong revenue growth of 68% YoY in Q3FY20 (in-line with our estimate). EBITDA margins remain flat at 14.06% while 9MFY20 margins improved by 120bps YoY at 16.3%. Order book stood healthy at Rs8,659cr which is 1.8x TTM revenue and the company is expecting additional orders of ~Rs5,000cr in Q4FY20 which provides visibility. PAT grew by 69% YoY to Rs77cr due to strong margin and higher other income....

Axis Direct downgraded PNC Infratech Ltd. to Hold with a price target of 310.0 on 18 Aug, 2025.

PNC Infratech Ltd.

10 Feb 2020

303.60

-0.12%

PNC Infratech declared lowest bidder for four-laning of UP road project

Business Line

PNC Infratech has been declared the L1 (lowest) bidder for a 60.22-km-long four-laning of Jagdishpur-Faizabad section of NH 330-A in Uttar Pradesh. Th

PNC Infratech Ltd. is trading above its 200 day SMA of 294.1

PNC Infratech Ltd.

07 Feb 2020

303.60

-0.12%

PNC Infratech (3QFY20): Marginal miss. Maintain BUY

Buy: PNC Infratech Ltd.

Target

HDFC Securities

Over FY18-20E PNC has delivered 68% Rev CAGR on back of robust order inflows. Order inflow for FYTD20E has been weak at Rs 10bn. PNC needs to win Rs 50-60bn of new orders during 4QFY20 to prevent a PE de-rating. NHAI bid pipeline is strong with limited competitive intensity in HAM segment. We expect PNC to win Rs 52bn new order during 4QFY20E. Balance sheet is strong with net cash of Rs 900mn as of 3QFY20. NWC has reduced to 56days and best amongst peers. Ghaziabad Aligarh monetization proceeds of Rs 3bn will provide further comfort on HAM equity funding. We maintain BUY. Key risks (1) Slowdown in NHAI ordering; (2) Delay in HAM projects monetization. Whilst PNC reported 3QFY20 Rev/EBIDTA/APAT miss of 9.8/9.4/10.7% respectively we have retained our FY20E Rev estimate. We maintain BUY on PNC with a SOTP based TP of Rs 339/sh (18x FY21E EPS). We have increased our APAT estimate by 6/0.3% for FY20/21E to factor in higher other income and lower tax rate.