Capacite Infraprojects
Stock Snapshot
Price Performance
Vista Outlook
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Capacit'e Infraprojects' management has expressed a cautiously optimistic outlook, projecting a 20% revenue growth for FY27 and FY28, supported by a robust order book of INR 13,498 crores. This growth is driven by significant contributions from operational projects and a strong bid pipeline, which positions the company favorably in a recovering infrastructure sector. However, the revised EBITDA margin guidance of 15.5%-16.5% reflects concerns over commodity price inflation and execution challenges related to labor shortages. Vista's financial outlook aligns with management's expectations, forecasting stable revenue growth and margins, while the company's attractive valuation suggests potential upside. The favorable macro environment, characterized by strong manufacturing activity and government support for infrastructure, further enhances the growth prospects. Over the next 12-24 months, key opportunities include leveraging the strong order book and improving working capital metrics, while watchpoints include managing labor availability and potential cost overruns. Overall, Capacit'e Infraprojects is well-positioned to capitalize on industry growth, despite facing competitive pressures and execution risks
Why We Like This Stock
- Management projects a 20% revenue growth for FY27 and FY28, supported by a robust order book
- The company is focusing on improving working capital and reducing net debt, enhancing financial stability
- Favorable macro conditions and government support for infrastructure projects bolster growth prospects
Things To Watch Out For
- Revised EBITDA margin guidance of 15.5%-16.5% due to commodity price inflation and execution challenges
- Potential time and cost overruns on contracts could impact profitability
- Labor shortages and challenges in attracting skilled professionals may hinder project execution
Key Parameters
Financial Snapshot
| Actuals | Forecast | ||||
|---|---|---|---|---|---|
| FY24 | FY25 | FY26 | FY27 | FY28 | |
| Revenue (Cr.) | 1,932 | 2,350 | 2,623 | 2,514 | 2,860 |
| Profit Before Tax (Cr.) | 170 | 266 | 259 | 203 | 244 |
| PBT Margin | 8.8% | 11.3% | 987.4% | 8.1% | 8.5% |
| Net Profit (Cr.) | 129 | 192 | 193 | 152 | 181 |
| Earnings Per Share | 15.2 | 22.5 | 22.6 | 17.8 | 21.4 |
Analyst Recommendations
No analyst recommendations available.
Company Overview
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Capacit'e Infraprojects Limited, together with its subsidiaries, engages in the engineering, procurement, and construction business in India. It offers design, build, and contracting services for high-rise and super high-rise structures, retail and commercial complexes, institutional buildings, office spaces, gated communities, hospitals, malls, factories, hotels, data centers, industrial facilities, mass housing, and multi-level car parks. The company was incorporated in 2012 and is headquartered in Mumbai, India.