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stay strong: GPL has a strong order book of Rs. 16,300 crore which amounts to 4.7x its FY2019 standalone revenue, providing a strong revenue visibility. After receiving order inflows worth Rs. 6,100 crore in FY2019, GPL expects a Rs. 6,0006,500 crore order intake for FY2020 with a major share expected to come from roads sector. Due to a strong order backlog and with major sites already mobilised, it expects to achieve a...
The Company's topline in Q4FY16 witnessed an increase of 19.3% to Rs. 668 crore on account of faster execution. On QoQ basis too, it witnessed an impressive topline growth of 58.5%. For the full year the Company registered a topline growth of 13.2% to touch Rs. 1,812 crores as against estimated Rs. 2,162 crores. The Company missed our FY16 estimates by some distance as Unit 2 (660MW, operational since Sept 2015) had to be shut Akash Jain MBA (Financial Markets) ------------------------------- Ajcon Global Services Ltd. research reports are also available on Bloomberg [AGSL]...
Rs. 568.45| Target: Rs. 1,300| Upside: 129%| Market Cap: Rs. 2,018 cr.| FV: Rs. 10 Divestment of road project Execution of share purchase agreement As a part of strategic initiatives of GPL, to divest the road projects, NCC Ltd. and Gayatri Projects Ltd. along with its subsidiary Gayatri Infra Ventures Ltd. (GIVL), have executed a share agreement on January 19, 2016 with Cube Highways and Infrastructure PTE Ltd. (Cube Highways and Infrastructure a unit of global infrastructure manager, I Squared Capital) to sell their entire shareholding in Western UP Tollway Limited (WUPTL). WUPTL is a four lane highway project connecting the Meerut Muzaffarnagar section (from km 52.25...
Rs. 748.25| Target: Rs. 1,300| Upside: 74%| Market Cap: Rs. 2656 cr.| FV: Rs. 10 On 1st December, 2015 (Maturity date), GPL has redeemed the third and final tranche of its debentures, including interest and principal. The value of this tranche amounted to Rs 20.80 crores. Earlier in 2011, GPL had issued 520, 11.50% Secured Redeemable NonConvertible Debentures (NCDs) of Rs.10,00,000/- each on private placement in the form of Separately Transferable Redeemable Principal Parts (STRPPs) for cash at par aggregating Rs 52 crores. The Company has completed the redemption process in line with the designated schedule - redeeming the first tranche of Rs.15.60 crores in December 2013, and the second tranche of Rs.15.60 crores in August 2015 as per the redemption schedule....
Rs.666 | Target: Rs. 1,300| Upside: 95 %| Market Cap: Rs. 2,402 cr.| FV: Rs. 10 CARE downgraded Gayatri Projects Limited 's (GAYP) consolidated debt's (!!) credit rating from B+ to D. News regarding this appeared in ET's online addition on 5th Nov, 2015. The Economic Times has reported following news article: CARE DOWNGRADES RS. 4,300 CRORE LOAN OF GAYATRI PROJECT...
Hyderabad based GPL with over 50 years presence in infrastructure and Construction primarily undertakes Road, Power and Irrigation projects across the Country and owns almost all its equipments, enabling optimal cost control. It also has Joint Ventures (JVs) in Build-Operate-Transfer (BOT) projects and executes construction contracts in partnership with Indian and overseas Companies. The order book of the company is robust and stands at Rs.10,903 crore, which is 6.8x its FY2015 revenues. Since last few months, the...
