Today I am expressing my view on one Industrial/Commercial Construction company stock.
CONART ENGINEERS LTD(522231)
Conart is one of the most experienced and
respected building and civil construction firms in India. For over four
Decades, Conart have been transforming the ideas and visions of their clients
into award-winning projects. Company build with the intention of exceeding clients’
expectations for safety, quality, functionality, and aesthetics, and deliver
finished products that stand the test of time.
Company was founded in 1973, and in the year
1992 company has become Public Limited Company.
SERVICES
Company Has two Main Divisions
A. Construction
B. Project management
Conart Engineers has main 3 portfolio in their
construction division.
1. General Conracting
2. Design Belt
3 Turnkey Services
1. General Contracting.
Conart provides a full range of general
contracting services, beginning to end: from the early planning and design
stages through construction, project completion, and closeout. Company
employees are highly skilled and use proven management systems and procedures
to monitor project progress and ensure that project goals are met.
Conart general contracting services include:
- Cost monitoring and control
- Schedule development and control
- Subcontractor management
- Field engineering and site management
- Safety assurance
- Project accounting
- Change management
- Shop drawings and material submittal review
- Quality control
2. Design Belt
The design-build process is one that can
potentially bring great value to an owner – so long as it is done right.
Fortunately, Conart is one of the country’s most experienced design-build contractors.
Choosing the right team So much of a
design-build project hinges on the expertise of the team members. Company relationships with the country’s best talent
in development, design, and construction enable us to assemble a design-build
team that has the right mix of skills and meets the specific requirements of
each project. Conart construction professionals add value to the design process
by providing input on constructability, budgeting, cost control, and logistics.
From“design”to“build”
When the beginning of construction, team transfers their understanding of the project to the field, operating with a full knowledge of goals, technical details, and key issues, so that the vision for the project reflected in the design is executed flawlessly during construction.
When the beginning of construction, team transfers their understanding of the project to the field, operating with a full knowledge of goals, technical details, and key issues, so that the vision for the project reflected in the design is executed flawlessly during construction.
3. Turnkey Services
Conart Realty Capital is an award-winning real
estate company actively developing, constructing, investing in, and financing
major real estate projects across the nation.
Conart Financial Services Group provides
turn-key alternative energy solutions to help clients achieve energy
independence and lower annual operating costs through use of tailored on-site
clean and renewable energy systems with no up-front capital cost.
PROJECT MANAGEMENT
Construction Project Management services
functions as an agent to improve and control the quality, cost and schedule of
a project for the Owner's benefit. Conart represent the interests of Owners and
Developers by managing a timely, cost-efficient, and high quality construction
project including procedures and policies for a multi-project building program.
MARKETS
Heavy
Engineering.
For past 35 years, Conart expertise has been
constructing ‘big’ industrial facilities requiring greater or more advanced
resources. Company have constructed heavy Turbines, Transformers, Automobiles,
Electrical Sub-Stations and other facilities having greater than 15,000 m2 of
manufacturing space, 2000 m3 of concreting machine foundations, Structural
Steel requiring 350 TN of Gantry, and building up to height of 35 mts.
Chemicals
& Petrochemicals
For over 40 years, experience spans the entire
infrastructure required for the chemical factories. Our scope has included
Utilities Rooms, Tank Foundations, Pipe Racks, and Control Rooms.
Pharmaceuticals
Company management staff understands the
various challenges and requirements for clean rooms and other validated spaces.
Conart experience enables to deploy the knowledge to install clean facilities,
special coatings, modular structures, specialized floorings and ceiling, and
other special process systems.
Residential
& Commercials
Conart’s extensive experience and expertise has
powered the progress in the Real estate segment. Since debut in 1971 to
construct the then tallest building in Gujarat, Bombay Shopping Centre,
Vadodara. Conart have executed a number of homes and commercial complexes,
multi-storey buildings.
Over this company has executed many projects in
textiles, Food & R & D sectors.
Following are the Company's major Clients.
Company Website :Clickhere
OUTLOOK
Company shares are trading in BSE.
Promoter holding in company 41.47%
Company posted 9.28 Cr top line in March
qtr.
(QoQ increased 129%)
Net profit is 0.2 Cr in the March qtr.
(QoQ increased 81%)
EPS 4.34
Company reducing debt.& Virtually
debt free
Stock is trading low PE 9.75 as compared
to industry PE & its peers.
Book Value Rs 53.2
Stock is trading at Rs 42.
Company is trading below its book value
and PE is very low as compared to its peers. Company is mainly engaged in the
Industrial construction activities, as the Industrial growth is very much seen this
will added advantage for the stock. Company is having clients which are
pioneers in their segments and growth is seen in those companies will bring
good order books for the Conart. This will fetch investors multiple fold
returns in days to come.
NOTE
: THE ABOVE IS NOT A RESEARCH REPORT NOR A RECOMMENDATION BUT INFORMATION
AS AVAILABLE ON PUBLIC DOMAIN.
Registration
status with SEBI: I am not registered with SEBI under the (Research Analyst)
regulations 2014 and as per clarifications provided by SEBI: “Any person who makes recommendation or offers an
opinion concerning securities or public offers only through public media is not
required to obtain registration as research analyst under RA Regulations”
