Please Share:: 
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
TECPRO SYSTEMS
(Rating: Buy; CMP: Rs. 244; Target: Rs. 315; Upside: 29%; Investment Period: 6-12 months)
Investment Rationale
• Tecpro System, with strong presence in bulk-handling material, is one of the major beneficiaries of investment
in the core sector of power, steel, port, etc.
• Over the past few years, the company has grown at a phenomenal pace along with entry into the booming
BoP-EPC (balance of plant-engineering, procurement and construction) space.
• As Tecpro begins to execute more large BoP projects, we believe it will be able to command premium
valuations. The successful execution of a few BoP projects over the next couple of years may also result in
Tecpro taking up complete EPC for power plants, which would place it in league with companies like BGR
Energy.
At the CMP of Rs 244, the stock is trading at a P/E of 8.64 on TTM basis. EPS on TTM basis is Rs 27.77.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
TECPRO SYSTEMS
(Rating: Buy; CMP: Rs. 244; Target: Rs. 315; Upside: 29%; Investment Period: 6-12 months)
Investment Rationale
• Tecpro System, with strong presence in bulk-handling material, is one of the major beneficiaries of investment
in the core sector of power, steel, port, etc.
• Over the past few years, the company has grown at a phenomenal pace along with entry into the booming
BoP-EPC (balance of plant-engineering, procurement and construction) space.
• As Tecpro begins to execute more large BoP projects, we believe it will be able to command premium
valuations. The successful execution of a few BoP projects over the next couple of years may also result in
Tecpro taking up complete EPC for power plants, which would place it in league with companies like BGR
Energy.
At the CMP of Rs 244, the stock is trading at a P/E of 8.64 on TTM basis. EPS on TTM basis is Rs 27.77.
No comments:
Post a Comment