Anand Rathi: PNC Infratech Q1 Review - Execution Efficiency Returning; Recent Orders Boost Assurance
Laborers work on an elevated track under construction in Chennai, India. (Photographer: Sanjit Das/Bloomberg)

Anand Rathi: PNC Infratech Q1 Review - Execution Efficiency Returning; Recent Orders Boost Assurance

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BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Anand Rathi Report

Recent-wins-driven augmented revenue assurance and gradually returning execution efficiency are some levers making a case for PNC Infratech Ltd. to set sailing again on the growth trajectory, sooner than later.

Even with the stretched working capital (due to the pandemic disruption and seasonality), the balance sheet is still in shape to help execution efficiency return at the earliest, and take care of a large part of equity required for the hybrid annuity portfolio.

Standalone operations hold potential to generate positive cash flow, and look good to suffice for the balance needed.

Click on the attachment to read the full report:

Anand Rathi PNC Infratech Q1Fy21 Result Update.pdf

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