The company is confident of achieving 10-15 percent topline growth in next fiscal year.
KEC International was buzzing in trade Monday after the company bagged orders worth Rs 1,565 crore in its transmission & distribution and cables businesses. In transmission & distribution businesses, the infrastructure EPC major secured 90 percent orders worth Rs 1,185 crore. Speaking to CNBC-TV18, Vimal Kejriwal, MD and CEO, KEC International said the execution of the new orders will start immediately.
According to him, the overall margin for new orders may be in 8-10 percent range. The company is confident of achieving 10-15 percent topline growth in next fiscal year.
KEC is expecting at least 15 percent growth in order book in FY16, added Kejriwal.
Below is verbatim transcript of the interview:
Q: Take us through the nature of Rs 1565 crore worth of orders, when will you start executing and more details?
A: More than 90 percent has come from our transmission and distribution business and the balance Rs 100 crore is from our cables business. If you look at geographically, almost 80 percent orders are from India and the remaining orders are from our international market.
Q: What about the margins that you will enjoy on these projects?
A: Individually, the margins will vary but overall it would be between 8-10 percent.
Q: When do you start executing and when will it start showing on your books?
A: The execution will start immediately. Since we have been L1 in these orders for sometime we have done our base work, etc. So revenues will start showing up from the second quarter.
KEC Intl stock price
On April 06, 2015, at 14:10 hrs KEC International was quoting at Rs 85.80, up Rs 2.20, or 2.63 percent. The 52-week high of the share was Rs 153.00 and the 52-week low was Rs 66.55.
The company's trailing 12-month (TTM) EPS was at Rs 5.57 per share as per the quarter ended December 2014. The stock's price-to-earnings (P/E) ratio was 15.4. The latest book value of the company is Rs 40.15 per share. At current value, the price-to-book value of the company is 2.14.
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