MBL Infrastructure Ltd. News and Updates

Name: Latest research reports of MBL Infrastructure Ltd. authored by Phillip Capital and published by - Trendlyne research reports.
Item: MBL Infrastructure Ltd.
Rating: 3
Author: Phillip Capital

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MBL Infrastructure Ltd.

17 Nov 2015

44.28

-1.95%

MBL Infra 17Nov2015

Neutral: MBL Infrastructure Ltd.

Phillip Capital

The management attributes the high inventory levels to a conscious decision to procure raw material (aggregates, bitumen, and steel) at current low prices. It expectsinventorydaystofallto90100byJune16....

MBL Infrastructure Ltd. has lost -33.56% in the last 6 Months

MBL Infrastructure Ltd.

17 Nov 2015

44.28

-1.95%

MBL Infrastructures Ltd- Research Report

Buy: MBL Infrastructure Ltd.

Angel Broking

For 2QFY2016, MBL Infrastructures (MBL) reported a 16.8% yoy top-line growth to Rs406cr. The company reported a yoy decline in EBITDA margin to 11.7% for the quarter. During 2QFY2015, MBL had received Rs5cr as escalation amount from the Guwahati project. On adjusting for the same, the EBITDA margin declined 202bp yoy. Fall in yoy EBITDA margin reflects (1) 85.8% increase in other expenses (to Rs29cr) and 82.8% increase in labor and sub-contracting costs (to Rs28cr). The 41.5% yoy increase in employee expenses is mainly on account of induction of new employees into the company in earlier quarters. Despite strong execution, EBITDA decline on a yoy basis percolated to the PAT level; PAT declined by 17.6% yoy to Rs18cr. The Reported PAT margin of the company declined from 6.2% a year ago to 4.4% in 2QFY2016. MBLs unexecuted order book as of 2QFY2016 stands at ~Rs2,150cr (order book to LTM revenues is at 1.0x). With 3 BOT projects expected to commence tolling in FY2016-2017E and Management clarifying that it does not intend to add any new BOT projects to the companys portfolio till FY2017, we are confident that MBLs D/E ratio would peak out in FY2017E at 2.3x. Outlook and valuation:...

Promoters pledged 0.03% of shares in last quarter. Total pledge stands at 22.39% of promoter holdings

MBL Infrastructure Ltd.

09 Oct 2015

44.28

-1.95%

MBL Infrastructure

MBL Infrastructure Ltd.

ICICI Securities Limited

MBL Infrastructure Ltd. has lost -33.56% in the last 6 Months

MBL Infrastructure Ltd.

17 Aug 2015

44.28

-1.95%

MBL Infrastructures - 1QFY16 Result Update

Buy: MBL Infrastructure Ltd.

Reliance Securities

MBL Infrastructures reported better than expected performance mainly on account of sound execution shown by the company. Top-line grew by ~20% yoy to Rs6.1bn as against our expectation Rs5.7bn. Operating profit witnessed a growth of ~22% yoy to Rs647mn way ahead of our expectation of Rs570mn. EBITDA margin remained stable at 10.6%. Net profit grew by ~26% yoy to Rs294mn, which is ahead of our expectation of ~Rs223mn. Notably, a major growth hindrance for MBL in coming time could possibly be sluggish order inflow. Nevertheless, MBL is still maintaining its guidance to add orders worth ~Rs30-35bn in FY16E. Gross...

MBL Infrastructure Ltd. has lost -33.56% in the last 6 Months

Is MBL Infrastructures Ltd. worth buying?

69 Votes:

Buy 86.96%

Sell 7.25%

Hold 5.8%

47.96% Fall from 52W High

MBL Infrastructure Ltd. News and Updates

Keep track of all breaking news on MBL Infrastructure Ltd. from all sources in a single place.