Infra Sector Kicking Up The Growth Phase: Prabhudas Lilladher  
Construction workers prepare steel rebar rods for reinforcing concrete, on an overpass construction site (Photographer: Sanjit Das/Bloomberg)

Infra Sector Kicking Up The Growth Phase: Prabhudas Lilladher  

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.

Prabhudas Lilladher Report

Despite hiccups caused by pandemic, we continue to remain positive on the infra sector as our thesis of robust ordering, execution ramp up, lean balance sheet, improving return ratios and asset monetization are largely playing out.

With healthy order book, strong bid pipeline, rising toll revenues and strong infra push given by the National Infrastructure Pipeline and Budget 2021, most infra companies are witnessing strong re-rating.

We continue to prefer companies with strong balance sheet, low debt levels, good corporate governance, well managed working capital cycle and high book to bill ratio.

Click on the attachment to read the full report:

Prabhudas Lilladher Infrastructure Sector Update.pdf

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