Company delivered quite good set of numbers during Q2FY18. Despite the second quarter being the lean period, despite the GST effects, despite all the hiccups this year so far, company have been able to achieve whatever targeted.
The stock currently trades at 21.1x FY18e EPS of Rs 29.54 and 17.0x FY19e EPS of Rs 36.73. Risks emanate from ingrained exposure to multiple geographies - be it foreign currency risk or litigation risk or geopolitical risk.
Company's strong clientele, Scheduled debt repayment in the current year coupled with robust cash flow arising out of increased volumes and new project should help in strengthening Company’s gearing ratio. Accumulate for long term.