Buy Supreme Infra; target Rs 247: Firstcall Research

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26 Aug, 2025 12:21

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Firstcall Research is bullish on Supreme Infrastructure India and has recommended buy rating on the stock with a target price of Rs 247 in its April 01, 2013 research report.

"Supreme Infrastructure India is one of fastest growing construction-constricting Company in Infrastructure space. During the quarter ended, the robust growth of Net Profit is increased by 43.57 percent to Rs. 359.21 million. The company has invested in 150,000 equity shares of Omani Royal 1 each in Supreme Infrastructure Overseas LLC, Sultanate of Oman for an aggregate amount of Rs.21.2 millions constituting 60 percent of the share capital of SIOL. Supreme Infrastructure current order book at around Rs. 5650 crores including L1 orders of about Rs. 1200 crores. Supreme Infrastructure India Ltd has received addition of Orders worth Rs. 505.25 crore. Revenue for the quarter rose 34.03 percent to Rs.5502.89 million from Rs.4105.83 million, when compared with the prior year period. Net Sales and PAT of the company are expected to grow at a CAGR of 38 percent and 23 percent over 2011 to 2014E respectively.

The company net profit jumps to Rs.359.21 million against Rs.250.19 million in the corresponding quarter ending of previous year, an increase of 43.57 percent. Revenue for the quarter rose 34.03 percent to Rs.5502.89 million from Rs.4105.83 million, when compared with the prior year period. Reported earnings per share of the company stood at Rs.21.46 a share during the quarter, registering 43.57 percent increase over previous year period. Profit before interest, depreciation and tax is Rs.962.98 millions as against Rs.692.37 millions in the corresponding period of the previous year.

Outlook and Conclusion: At the current market price of Rs.218.50, the stock P/E ratio is at 3.10 x FY13E and 2.60 x FY14E respectively. Earning per share (EPS) of the company for the earnings for FY13E and FY14E is seen at Rs.70.57 and Rs.84.10 respectively. Net Sales and PAT of the company are expected to grow at a CAGR of 38 percent and 23 percent over 2011 to 2014E respectively. On the basis of EV/EBITDA, the stock trades at 3.05 x for FY13E and 2.52 x for FY14E. Price to Book Value of the stock is expected to be at 0.78 x and 0.60 x respectively for FY13E and FY14E. We recommend 'BUY' in this particular scrip with a target price of Rs 247 for medium to long term investment," says Firstcall Research report.

Public holding more than 90% in Indian cos

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