Concurrent (India) Infrastructure Ltd:-Result updates
Concurrent (India) Infrastructure Ltd.
Code:531261
cmp:8
Results:Concurrent India infra recently came up with its quarterly results which went a tad below expectation.But investors sensing the strong future outlook of the company kept accumulating which resulted in a tiny 2-3% drop in the stock price.Overall on an yearly consolidated basis the results were superb with profits trebling to 13.8crs and sales rocketing by over 150% to touch 162crs.Concurrent India ended the fiscal 2010-11 with an EPS of 3.2rs.
Vakratund ispat:Vakratund has been a great fit to the existing verticals of the company.Vakratund which was acquired by concurrent some months ago chipped in with 19crs of revenues.Vakratund is expected to contribute around 100-120crs of sales in the current fiscal 2011-12.Vakratund is expected to generate strong cash flows which would help concurrent to expand/diversify in other sunrising areas.
2011-12 guidance:Concurrent is expected to grow by over 50-60% for the next few years.On a consolidated basis its expected to notch up 210-240crs of revenues for 2011-12 with PAT growing by the same proportion.The EPS should be around 5rs which at present prices discounts/ridicules it by 1.8 times.
Code:531261
cmp:8
Results:Concurrent India infra recently came up with its quarterly results which went a tad below expectation.But investors sensing the strong future outlook of the company kept accumulating which resulted in a tiny 2-3% drop in the stock price.Overall on an yearly consolidated basis the results were superb with profits trebling to 13.8crs and sales rocketing by over 150% to touch 162crs.Concurrent India ended the fiscal 2010-11 with an EPS of 3.2rs.
Vakratund ispat:Vakratund has been a great fit to the existing verticals of the company.Vakratund which was acquired by concurrent some months ago chipped in with 19crs of revenues.Vakratund is expected to contribute around 100-120crs of sales in the current fiscal 2011-12.Vakratund is expected to generate strong cash flows which would help concurrent to expand/diversify in other sunrising areas.
2011-12 guidance:Concurrent is expected to grow by over 50-60% for the next few years.On a consolidated basis its expected to notch up 210-240crs of revenues for 2011-12 with PAT growing by the same proportion.The EPS should be around 5rs which at present prices discounts/ridicules it by 1.8 times.
Concurrent should make a new high within that period if it performs as per its sales and profits guidance.The promoters are diligent and visionary, they just need some time to deliver.In the long run concurrent should make a hell lot of wealth for the stakeholders.
Concurrent India infra remains a company with multibagger prospects.
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