Dalal Street Hot Chips Buy Tips – BGR Energy Systems
BGR ENERGY SYSTEMS
BSE Code: 532930
Volume: 44000
CMP: Rs 740.50
A credible project execution track record, a wide product portfolio and successful transition to full scale EPC contracting make BGR Energy Systems (BGR) an attractive player in the power sector BGR is likely to ride high on a order book of Rs 10,230 crore with around 93 per cent of it coming from the power projects. The company has posted robust results in the last fiscal wherein the topline and bottomline increased by 59 per cent and 74 per cent on a YoY basis and stands at Rs 3,077 crore and Rs 201 crore respectively. The promoter stake stands at 81 per cent and it is looking to dilute around 5-6 per cent stake of the promoter so as to raise around Rs 350 crore from this exercise. The company is likely to ride high on the huge power deficit of India and is likely to be a good addition to the portfolio for a short to medium term perspective.
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