Scrip Watch

Ramky Infrastructure Ltd

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Ramky Infrastructure Ltd

Ramky Infrastructure Ltd
Construction & Engineering
FV – Rs 10; 52wks H/L –121.85/51.8; TTQ – 61 K; CMP – Rs 102 (As On June 2nd 2017);                         

         Market Cap – Rs 583 Crs

Consolidated Financials and Valuations for FY16 (Amt in Rs Crs unless specified)


Equity Capital

Net worth
Long Term Debt
Total
Sales
PAT
BV
(Rs)

EPS (Rs)

P/E

Industry P/E

P/BV

Promoter’s
Stake
Beta
57.20 736 3245 2342 17.30 129 3.02 33.8 21.72 0.8 67.76 1.71

 

Standalone Financials and Valuations for Q3 FY17


Equity Capital

Net worth

Total
Sales
PAT
BV
(Rs)

TTM EPS (Rs)

TTM P/E

Industry P/E

P/BV

Promoter’s
Stake
Beta
57.20 58 907 -28.89 10 -5.06 21.72 10.2 67.76 1.71

 

Valuation Parameters:

  1. Long Term Debt to Equity – 4.41
  2. ROE % – 2.4
  3. Market Cap/Sales – 0.2

The flagship company of the Ramky Group, Ramky Infrastructure Ltd. is one of the leading infrastructure companies in India with a wide sectorial presence.

Key Updates:

On 8th May 2017 Ramky Infrastructure Ltd has been awarded project worth Rs 336.60 crore in Jharkhand by NHAI on EPC (engineering, procurement and construction) mode. http://economictimes.indiatimes.com/industry/indl-goods/svs/construction/ramky-infrastructure-wins-rs-337-crore-contract-from-nhai-in-jharkhand/articleshow/58576702.cms

State Advisory Board for Development of Kissans (SABDK) Monday asked RAMKY Infrastructure Ltd that is executing 4-lanning project of the Srinagar Jammu highway to instantly start dewatering operations of agricultural land and make functional the installed drainage system, so that farmers commence paddy plantation in time. http://kashmirreader.com/2017/05/09/ramky-infrastructure-asked-dewater-inundated-paddy-field-along-highway/

Overview:

  • Ramky Infrastructure Limited is an construction, infrastructure development and management company.
  • The Company operates through segments, including Construction business and Developer business.
  • It operates the engineering, procurement, construction (EPC) business in the sectors, including water and waste water projects; roads and bridges projects; building construction; irrigation projects; industrial construction projects, and power transmission and distribution projects.
  • The company’s water and wastewater projects include water treatment plants, water transmission and distribution systems and lake restorations, among others.
  • Its roads and bridges projects include expressways, highways, bridges, flyovers, rural roads and terminals. Its building construction projects include commercial, residential, public, institutional, corporate buildings and mass housing, among others. Its irrigation projects include cross-drainage works.

   Ramky Infra operates through the following 3 principal business modes:

  1. Engineering, Procurement & Construction (EPC) Business which is operated by the Company,
  2. Developer Business which is operated through 13 wholly owned subsidiaries, 6 Subsidiaries, 2 Jointly Controlled entities, 1 Association of person and 2 Associates & 3 step down subsidiaries of the Company. A majority of the development projects are Public Private Partnerships and are operated by separate special purpose vehicles (SPVs) promoted by the Company and other Companies/undertakings and
  • International Business which is operated through 100% wholly own subsidiary ‘Ramky Engineering and Consulting Services’, located in Sharjah, UAE.  

Management:

  • Mr. Y. R. Nagaraja – CEO/MD
  • Mr. I.W. Vijay Kumar – CFO

Major Non-Promoter Holdings:

Sr.No Non – Promoters No. of Shares held % of shares held
1 SA 1 Holding Infrastructure Company Pvt Ltd 4165884 7.28
2 Tara India Holdings A Ltd 1821107 3.18
3 Aadi Financial Advisors LLP 1812898 3.17
4 UTI MID Cap Fund 1064830 1.86
  Total 8864719 15.5

 

 

Consolidated Financial Trends (In Rs. Crs) :

Particulars FY16 FY15 FY14 FY13 FY12 FY11
Equity Paid Up 57.2 57.2 57.2 57.2 57.2 57.2
Networth 736 802 1233 1559 1258 1065
Total Debt 3998 3377 3027 2568 1937 1130
Net Sales 2342 1706 2438 3821 3971 3234
Other Income 171 62 36 48 37 21
PAT 17.3 -482.96 -414.85 151.26 244.07 206.13
Book Value (Rs) 129 140 216 273 220 186
EPS (Rs) 3.02 -84.43 -72.53 26.44 42.67 36.04

 

The consolidated turnover of the company for 2015-16 is Rs. 2342 Crs has increased by 58% over the year, compared to Rs. 1644 Crs in 2014-15.

The consolidated Profit after Tax for 2015-16 is Rs. 17.30 Crs compared to consolidated loss of Rs. 482.96 Crs in 2014-15.

 

 

 

 

 

 

 

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