ICICI Direct has given Buy recommendation for PNC Infratech with a target price of Rs. 350 in its research report issued on Aug 10, 2022

ICICI Direct’s research report on PNC Infratech

PNC Infratech has established itself as a strong executor in roads, water infra, and airport runway segments. Additionally, superior execution capabilities via ownership of modern equipment and in-house teams enables PNC to deliver projects on-time. PNC has executed 70 major infrastructure projects till date. • Reported 30.3% revenue CAGR in FY17-22; operating margin was in the range of 13-15% • Proficient execution, robust return ratios (RoCE: ~20%).

Outlook

We maintain our BUY rating on the stock. We value PNC at Rs 350/share.

Leave a Reply

Your email address will not be published.