12 DALAL STREET INVESTMENT JOURNAL I JULY 10 - 23 , 2017 DSIJ.in^
CMP
(`)Monthly Stock Market Returns
-25.-20.-15.-10.-5.0.5.10.15.20.25.30.Jul.16Aug.16Sep.16Oct.16Nov.16Dec.16Jan.17Feb.17Mar.17Apr.17May.17Jun.17Jul.BSE Code: 530377
CMP: `17.50 FV: ` 1
BSE Volume: 41168
Date: 04/07/DSN
ila Infrastructure Ltd, a
Sambhaav Group
company, was promoted
by Manoj B. Vadodaria
and Kiran B. Vadodaria.
The company has over the years
established itself in the civic urban
infrastructure space and is lately seen
successfully encashing the growth
opportunities in the affordable housing
space. Its major clients include Ahmed-
abad Municipal Corporation (AMC),
Vadodara Urban Development Author-
ity (VUDA), Government of Rajasthan
(through Rajasthan Avas Vikas and
Infrastructure Limited (RAVIL) and
UITs), Adani Group and Sandesh
Applewood.KEY STRENGTHS
The company boasts of a unique hybrid
model of project execution that opti-
mises tapping of growth opportunities.
The company’s focus on affordable
housing (infrastructure) projects augurs
well for growth momentum of the
company as affordable housing has
proven to be the growth engine for real
estate players. The diversified order(Closing price as of July 04, 2017)V2 Retail 48.20 238.00 393.
ADF Foods Ltd 83.70 262.00 213.
Federal Bank 64.50 112.00 73.
Aro Granite 52.00 75.00 44.
Nocil 77.00 113.00 46.Name of
CompanyCMP
(`)Best of LAST ONE Year
Reco
Price (`)ENCASHING GROWTH OPPORTUNITIES
Nila Infrastructure
Gujarat Slum Redevelopment Policy
-2010.Beyond these hardcore opportunities,
the company keeps itself busy executing
orders such as:- MoU with Kataria Group – To
build industrial/logistic parks near
the Mehsana Auto Hub. - White label construction for
established entities such as
Sandesh Group.
FINANCIALS
The company's EBITDA stood at `36.
crore, reflecting an increase of 33 per
cent for FY17. The EBITDA margin
improved by 132 bps to 16.3 per cent.
The profit after tax (PAT) increased 34
per cent to `22.84 crore. The PAT margin
improved by 88 bps to 10.2 per cent. The
revenues for Q4FY17 stood at `74.
crore showing an uptick of 7 per cent on
a YoY basis. The EBITDA increased by
48 per cent on YoY basis for Q4FY17 to
`11.1 crore. The company's PAT
increased 33 per cent to `7.7 crore on a
YoY basis, while its EBITDA margin
improved from 10.8 per cent to 15 per
cent for Q4FY17. The PAT margin
increased from 8.4 per cent to 10.4 per
cent for Q4FY17.The company is present in the right
sector at the right time and it is well-
equipped to tap the growth opportuni-
ties. Investors, however, should keep in
mind that any change in government in
the two states, i.e Gujarat and Rajasthan,
which will head for elections in the next
two years, will possess threat to the
company in terms of smoothly executing
its projects. Looking at the projects in
hand and the focus of the company in
high growth areas, Nila Infrastructure
Ltd is a BU Y.book, which includes civic urban
infrastructure projects, i.e. medical
colleges, office complexes, BRTS stations,
multi-level parking, etc. augurs well for
the company.One of the important aspects of business
at Nila Infrastructure is its focus on slum
rehabilitation opportunity in Ahmed-
abad. Ahmedabad has 500 slums which
need rehabilitation. As of now, only 10-
slums have been rehabilitated as part ofPRICED SCRIP
Total Income 74.09 50.76 52.58 46.76 69.
Other Income 5.16 4.14 4.22 3.91 3.
Operating Profit 16.27 13.77 13.02 10.91 11.
Interest 4.23 4.36 4.44 2.23 2.
Net Profit 7.71 5.61 5.51 4.01 5.
Equity 39.34 39.30 39.30 39.27 37.Last Five Quarters - Consolidated (`/Cr)
Particulars Mar'17 Dec'16 Sept'16 Jun'16 Mar'Shareholding Pattern
31/03/Promoter 61.
FII --
DII 0.
Others 37.
Total 100
Gain
(%)HERE IS WHY
Quality management and execution capabilities
Strong and versatile order book
Presence in affordable housing segment
RecommendationsRecommendations Equity