It is a leading
player in Electric Insulators. The order placement for insulators has spurted 191% to Rs 123.17 crore and
transmission lines 283% to Rs 617.85 crore.
On the valuation front, GOLDINFRA is
growing at a rate of 41% & now it is trading at 12.1X of its EPV ( Dec 2017
earnings ), which is too high and hard to sustain at the same rate.Its EPV
comes at 92.52 per share with the above growth
rate for FY2022. With Rising Debt along with Capex/Opex > 2, it will find
hard to substain its Higher valuations.
Disclaimer : We don’t
hold any exposure in it..
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