BQ Blue’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 BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Centrum Broking Report
PNC Infratech Ltd.‘s proven credentials, strong growth outlook and sustained cash generation make for a strong investment case.
After a 2.8 times scale up in revenue over FY17-20 (2.4 times in recurring profit before tax) the company is actively looking to add more verticals, which should help sustain a healthy growth beyond FY23.
We estimate 21% standalone earnings compound annual growth rate for PNC over FY21-23 led by its robust order backlog and prospects in segments like highways and water.
The company’s growth outlook remains supported by its operating cash flows, sale proceeds from Ghaziabad-Aligarh project and surplus cash.
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