At­lanta Lim­ited

Dalal Street Investment Journal - - COVER STORY -

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.

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