Anagram Research has rated Simplex Infrastructures as an outperformer in its August 5, 2008 research report. "We are confident of SIL posting strong top line growth going forward backed by the order book of more than Rs 10 crore plus the submitted tenders worth Rs 18K. Most of the international projects are from Middle East where the company sees significant opportunities with markets like Kuwait and Abu Dhabi yet to be explored. Operating margins are likely to be maintained as most of the projects are protected by price escalations and international projects with better margins to partly offset any potential margin pressure at the domestic level. The stock currently trades at 20 × TTM EPS of Rs 23.11. We rate the stock OUTPERFORMER," says Anagram's research report.
Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
