Rites IPO: Strong order book & financial performance; Subscribe

Hem Securities | June 20, 2018, 12:40 p.m.

Valuation: 

The  co  is  bringing  the  issue  at  p/e  multiple  of  approx.  11  on  annualized 9MFY18  eps  at  price  band  of  Rs  180-185/share.  Co  being  the  preferred consultancy  organization  agency  of  the  Government  of  India  including  the Indian  Railways  has  healthy  order  book  with  strong  and  diversified  clientele base  across  sectors.  Looking  after  valuations   we  find  issue  to  be  reasonably priced. Hence, we  recommend “Subscribe” on issue.



blog comments powered by Disqus