Shelter Infra News and Updates

Name: Latest research reports of Shelter Infra Projects Ltd. authored by HDFC Securities and published by - Trendlyne research reports.
Item: Shelter Infra Projects Ltd.
Rating: 5
Author: HDFC Securities

Keep track of all breaking news on Shelter Infra from all sources in a single place.

Shelter Infra Projects Ltd.

18 Jan 2022

15.35

2.40%

Bank loan fraud: Enforcement Directorate arrests MD of Hyderabad firm

Business Standard

Avasarala Venkateswara Rao of Servomax India Private Limited (SIPL) was arrested on Monday

Shelter Infra Projects Ltd.'s price crossed above 50Day SMA today

Shelter Infra Projects Ltd.

11 Feb 2021

15.35

2.40%

TVS family to implement MFA through composite scheme of arrangement at NCLT

Moneycontrol

On December 10, 2020, an MFA was executed among various members of the TVS family who are shareholders of T V Sundram Iyengar Sons (TVSS), Sundaram Industries (SIPL), and Southern Roadways (SRW). The three firms are collectively referred to as the TVS holding companies.

Shelter Infra Projects Ltd. is trading below its 100 day SMA of 16.0

Shelter Infra Projects Ltd.

01 Jun 2019

15.35

2.40%

Sadbhav Engineering (4QFY19): A torrid quarter. Maintain BUY

Buy: Shelter Infra Projects Ltd.

HDFC Securities

After a muted 1HFY19 (2% degrowth YoY), SEL had started to show signs of recovery in 3QFY19, but 4QFY19 execution was exceptionally weak. We believe the SIPL deal will culminate in a complete strategic shift at SEL, with more focus towards an asset light EPC play in addition to the availability of a ready platform for offering HAM projects in future. ~Rs 5.4bn (vs. 4.6bn QoQ) of SIPL loans could be returned back leading to a further debt reduction (Rs 14.9bn currently, +0.3bn QoQ) and free its hands for additional projects once NHAI bidding picks up (~Rs 60-80bn targeted in FY20E). We maintain BUY. Key risks (1) Delay in SIPL stake sale; (2) Slow order inflows; and (3) Further delay in appointed dates. We maintain BUY on SEL with a reduced SOTP of Rs 353/sh (vs Rs 382 earlier). We value SELs EPC business at 15x FY21E EPS and assign a 20% hold co discount to SIPL stakes market value. Owing to delay in Appointed Dates (AD) we have downgraded FY20/21E standalone EPS by 15.1/9.4%.

Shelter Infra has gained 19.46% in the last 1 Month

Shelter Infra Projects Ltd.

15 May 2017

15.35

2.40%

How 13 cos defrauded the govt of Rs 2200 cr by billing for just Rs 24.64 cr

Economic Times

How 13 cos defrauded the govt of Rs 2200 cr by billing for just Rs 24.64 crThe CBI has registered a case against Stelkon Infratel Limited (SIPL) and 12 other companies for allegedly making these remittances.

Shelter Infra Projects Ltd.'s price crossed above 30Day SMA today

CBI busts foreign remittance scam of over Rs 2,200 crore

Economic Times | 15 May 2017 1 more

Is Shelter Infra Projects Ltd. worth buying?

10 Votes:

Buy 70.0%

Sell 30.0%

26.56% Fall from 52W High

Shelter Infra News and Updates

Keep track of all breaking news on Shelter Infra from all sources in a single place.