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    HomeNewsBusinessStocksBuy Sadbhav Engineering; target of Rs 312: ICICI Direct

    Buy Sadbhav Engineering; target of Rs 312: ICICI Direct

    ICICI Direct is bullish on Sadbhav Engineering has recommended buy rating on the stock with a target price of Rs 312 in its research report dated February 17, 2017.

    February 21, 2017 / 15:26 IST
       
       
      26 Aug, 2025 12:21
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      ICICI Direct's research report onSadbhav Engineering
      The company has received order inflows worth Rs 2273 crore in Q3FY17, taking its order book to Rs 7708 crore. It expects an order inflow of Rs 5000-6000 crore in FY18E, from road division itself. Also, bid pipeline for NHAI projects remains strong with 21 EPC projects (1056 km) worth Rs 12400 crore, 23 HAM projects (1473 km) worth Rs 26275 crore & 2 BOT projects (133 km) worth Rs 2821 crore up for bidding till March.
      Outlook
      Hence, we maintain our BUY recommendation on the stock with an SOTP based target price of Rs 312/share. We have valued SEL’s 69% stake in SIPL at Rs 157/share and EPC business at Rs 156/share (8x FY18 EV/EBITDA).
      For all recommendations, click hereDisclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies 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.

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      first published: Feb 21, 2017 03:26 pm

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