TEXMACO INFRASTRUCTURE & HOLDINGS
The company is engaged in real estate business and generation of hydroelectric power. Its main income is derived from the leased properties and from strategic investments and operations of a mini hydro power unit in Darjeeling, West Bengal. In this project, the company has recorded an evacuation of 9.56 lakh MU units for FY17, which is highest since inception. It is also planning for another mini hydro power project of 5-10 MW.
The company has maintained high margins since last few years. In FY17, its EBITDA margin was 43.5 per cent and PAT margin was 53.03 per cent. It has been maintaining healthy dividend payout ratio of 17.7 per cent. Both the sectors have positive prospects and hence we recommend our readers to BUY this scrip.