The company held its conference call on 5 June and was addressed by Mr. Arjun Gupta Director
Key highlights
The company secured fresh orders worth Rs 615 crore in FY 18. All the orders are from water sector.
Total order book as on Mar 18 stood at around Rs 2000 crore. 50% of order book is from water segment, 42% is from electrical segment (T&D, substantiation) and rest from miscellaneous segments.
80% of the order book is funded project ie either funded by central or state.
1% of the order book is from old legacy orders. They may require write off.
Rs 12.50 crore of write offs in FY 18 and Rs 12 crore of write offs in FY 17. Expects similar write offs in FY 19 as well.
Old legacy orders generally from power sector.
The company started the year with 307 days receivables which got picked in Sep 17 where receivables stood at 440 days and now as on Mar 18 stood at 265 days. Expects to go to 220 days by Mar 19.
Rs 200 crore collection in Mar 18 quarter alone which aided substantially to cash and hence for the first time company declared a dividend.
Rs 1200 crore order inflow target for FY 19. L1 in Rs 125 crore of orders.
The company is working aggressively on some Old outstanding projects both Rajasthan project and Bihar projects. Expect to collect more in next 6 months. The collection along with additional bank borrowings will aid the FY 19 execution.
Rs 434 crore receivables as on Mar 18.
Expects Rs 550 crore of net sales and margins of around 12.5% for FY 19.
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