Atlanta Limited, the India-based construction company, is engaged in the business of contracting activities, such as the construction and development of infrastructure. The company’s business is based on engineering, procurement and construction (EPC) basis and public private partnership (PPP) model on build, operate and transfer (BOT) and design, build, finance, operate and transfer (DBFOT) basis.
The company is engaged in the construction of roads, highways and bridges, among others, on BOT and DBFOT basis. The company has a growing presence in mining of coal and limestone, infrastructure segment, mining, realty and tourism infrastructure segment in India with several BOT and PPP projects in its name. In the tourism infrastructure segment, the company’s major subsidiaries include Atlanta Infra Assets Limited and Atlanta Tourism Ventures Limited, among others.
On the financial front, Atlanta Limited posted 8.01 per cent decline in its revenue to ₹76.44 crore in Q4FY17 from ₹83.09 crore in Q4FY16. However the company’s PBIDT rose 76.80 per cent to ₹39.53 crore in the fourth quarter of FY17 on a yearly basis. The company’s profit after tax rose 64.15 per cent to ₹21.58 crore for the corresponding period.
On an annual basis, the company’s revenue rose 65.22 per cent to ₹224.48 crore in FY17 as compared to the previous fiscal. The company’s PBIDT rose 280.30 per cent to ₹135.73 crore in FY17 on a yearly basis. The company’s profit after tax rose tremendously from ₹3.34 crore in FY16 to ₹82.44 crore in FY17. The company’s TTM PE stood at 9.61x, starkly undervalued against the industry PE of 25.79x. The company’s peer Brahmaputra Infra maintained a TTM PE of 141.98x.