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BCPL Railway Infra secures path-breaking order in the railway electrification segment

Posted On: 2021-03-04 20:24:53 (Time Zone: Arizona, USA)

BCPL Railway Infrastructure Limited has received a LOA from Railway Vikas Nigam Limited (RVNL).

This LOA has been received for deployment of 25KV OHE Gang to complete the residual overhead (OHE) adjustment works and provision of bonding/earthing work and safety related works in section Sreerampur Assam - Fakiragram of NF Railway. It is expected to be executed over a period of 45 days. The recent order adds to the strong orderbook position for the Company of around Rs. 1.65 billion.

Commenting on the same, Mr. Aparesh Nandi, Chairman said, "We at BCPL Railway Infrastructure Limited are pleased to inform our stakeholders on our recent order intake from RVNL. We have already started seeing a traction in the order inflow and we are quite optimistic about the pipeline of orders in the coming months. We expect to end the year on robust orderbook."

Consistent Financial Performance:

The company has registered consistent improvement in its financial performance - both in terms of revenues and profitability. Revenues of the Company has grown at a CAGR of 31.05% in last 5 years ended FY20. Moreover, EBITDA and PAT have also grown significantly. During 9M FY21, the company has reported a Revenue of INR 397.29 Mn with EBITDA and net profit of INR 80.75 Mn and INR 47.48 Mn respectively. EBIDTA and PAT Margins stood at 20.32% and 11.95%, which is marked improvement on account of cost savings measures undertaken during the time of pandemic.

The company also has very strong balance sheet with Networth of INR 692 Mn at the end of December 2020. Despite in the infrastructure sector and prevailing pandemic, the company has managed to keep its debt levels under control, with Net Debt / Equity ratio at just 0.1x, which is quite commendable for the company. A healthy balance sheet is likely to help the company in scaling up its operations significantly as infrastructure spending steps up in the coming years.

Industry Overview:

Railways are the lifeline for Indian Passenger and Freight movement. Indian Railway boasts of 3rd largest railway network in the World, which is one of the main pillar for driving our economy. Government has laid major thrust in strengthening the railway infrastructure of our country by way of upgradation, modernizations and new mega greenfield projects like Dedicated Freight Corridors, Bullet Trains, etc.

With an aim to improve the efficiency of the rail performance and move save cost and also a step towards greener energy, Railways has taken substantial measures of electrification of the rail network in the country. Railways has substantially increased its electrification program, which has registered an increase of ~16% CAGR over the past few years. Indian Railways has aimed for 100% Electrification, which would result in savings of around INR 810 billion in fuel costs till FY2027 to the Railways.

Shares of BCPL Railway Infrastructure Ltd was last trading in BSE at Rs.78.9 as compared to the previous close of Rs. 81.25. The total number of shares traded during the day was 21128 in over 167 trades.

The stock hit an intraday high of Rs. 84 and intraday low of 78.8. The net turnover during the day was Rs. 1698656.

Source: Equity Bulls

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