KEC International - Robust Order Book, Improving Business Traction: Axis Securities
KEC International - Robust Order Book, Improving Business Traction, Margin Pressure To Ease Out Gradually: Axis Securities
BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Axis Securities Report
As of date, KEC International Ltd.’s order book plus level-one position stands at Rs 30,000 crore, giving revenue visibility for the next two-three years.
The order intake currently stands at Rs 6,000 crore and level-one at Rs 8,000 crore. Tenders under evaluation and tenders in the pipeline cumulatively amount to over Rs 110,000 crore since there are opportunities across all segments.
The management expects the order book to be Rs 40,000 crore by FY25.
KEC expects to maintain a healthy order inflow to revenue ratio of 1.4 times for continuous revenue growth. The company aims for revenue growth of 10- 15% each year.
Click on the attachment to read the full report:
This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.