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Welspun Enterprises Climbs 11%

Welspun Enterprises is an asset recycling infrastructure model, offering investors a margin of safety and growth opportunity at an attractive valuation, Antique Stock Broking said.

Unlike other companies in the road sector, where burgeoning order backlog and new project bids could possibly stretch balance sheets, WEL is a company that has developed assets, even beyond roads, sold them, and bid for new projects. And it has all happened with adequate cushion of cash in hand, it added.

Even better, WEL has an Rs 5,750 crore order backlog in hand. Further, between FY18 and FY21, the company can deliver a revenue/EBITDA/net profit growth of 59 /90 /48 percent CAGR respectively, said Antique which has initiated coverage with a buy.

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Welspun Enterprises Climbs 11%

 

Welspun Enterprises is an asset recycling infrastructure model, offering investors a margin of safety and growth opportunity at an attractive valuation, Antique Stock Broking said.

 

Unlike other companies in the road sector, where burgeoning order backlog and new project bids could possibly stretch balance sheets, WEL is a company that has developed assets, even beyond roads, sold them, and bid for new projects. And it has all happened with adequate cushion of cash in hand, it added.

 

Even better, WEL has an Rs 5,750 crore order backlog in hand. Further, between FY18 and FY21, the company can deliver a revenue/EBITDA/net profit growth of 59 /90 /48 percent CAGR respectively, said Antique which has initiated coverage with a buy.