RPP Infra is one of only two stocks in the custom screener built to identify stocks with consistent revenue growth and which have received analyst upgrades in the last three months. The company had reported strong results in Q4Fy16, with revenue growth of approximately 80% YoY and 50% QoQ. It had witnessed a margin contraction of 771 bps however, which management said was due to bad debt provisioning - it expects this to stabilize in the coming quarter.
For the whole of FY17, RPP posted a YoY growth of 16.4%, beating estimates, and despite the demonetization quarter. The company expects its current order book of Rs.8.2 billion to have an additional Rs. 4.5 billion worth of new orders in FY18. It expects the government's industrial push and manufacturing investments to boost growth overall for the company, and its projections for FY18 are strongly optimistic. Read the latest analyst report on RPP's reco and target price here.