TEXMACO IN­FRA­STRUC­TURE & HOLD­INGS

Flash News Investment - - RECOMMENDATIONS -

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.

Newspapers in English

Newspapers from India

© PressReader. All rights reserved.