Buy ARSS Infra; CMP:23.70 target of Rs 1444: Reliance
Money
The
Company's debt is under CDR which was approved on 19/07/12 by the CDR empowered
Group (CDREG) and was implemented on 06/09/2012. In terms of the guidelines
issued by the CDREG the company has issued Compulsory Convertible Preference
Shares to the Promoters and their associates to the tune of Rs.15 Cr on
preferential allotment basis.
Would you believe that, if I say in 2010, Reliance Money gave a buy target of
Rs.1444 for ARSS Infrastructure Ltd. CMP: Rs.23.70.
Buy ARSS Infra; target of Rs 1444: Reliance
Money
Reliance Money is bullish on ARSS Infrastructure Projects and has
recommended buy rating on the stock with a target of Rs 1444 in its September
22, 2010 research report.
Reliance Money is bullish on ARSS
Infrastructure Projects and has recommended buy rating on the
stock with a target of Rs 1444 in its September 22, 2010 research report.
�ARSS Infrastructure Projects (ARSS)
has reported excellent results with strong margins. Revenue for 1Q FY11 stood
at Rs 3564.8 million, up by 59% y-y, while EBIDTA was Rs 680.8 million, up by
82% y-y. It has registered an 80.15% increase in net profit at Rs 340.5 million
versus Rs 189 million achieved in the same period last year. Revenue fell by
11% q-q in 1Q FY11 as the March quarter is normally the best quarter for
construction companies. The company�s
revenue and PAT has grown at a CAGR of 79% and 84%, respectively, during
FY08-10. Given revenue visibility based on the orderbook, we estimate revenue
growth of 60% and 50% in FY11E and FY12E, respectively, taking revenue from Rs
10065 million in FY10 to Rs 24157 million in FY12E.�
�ARSS is maintaining EBITDA margins of more than
18% on the back of benefits from our mines, crusher units, equipment,
geographical concentration and management proficiency. ARSS is trading at an
8.6x FY12E EPS of Rs 144.4 on the back of a strong orderbook, superior margins,
geographical niche and proven track record. We recommend BUY with a 12-month
price target of Rs 1444 based on a 10x FY12E EPS,� says Reliance Money research report.
THIS REPORT IS IN MY OLD MAIL I KEPT FOR ABOVE 3 YEARS
THIS IS WORKOUT IN THIS TIME WE LOSS ONLY RS.23.70
PERSHRE PLE BUY 23.70X100-RS.2370 INVESMENT THINK LIKE
TERM ACCIDENT INSURANCE POLICY TEAM RAJATHEE
