ARSS Infrastructure Projects Ltd …!
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ARSS Infrastructure Projects Ltd (ARSS), a Orissa based construction company, incorporated in 2000. It is basically engaged in construction activities under sector like railway infrastructure, roads, highways, bridges & irrigation projects.
MView: At the IPO band price, the stock will trade at 7.5x on the lower price band and 8.23x on the upper price band based on the earnings expected for the full year reported for 201003E (on Post equity basis), which is on discount to many other players in the same or related construction midcap stocks making it an attractive investment option. However, it has a robust order book which is to be executed over 18-24 months, resulting to 4.61 times FY 09 sales thus indicating good future earnings potential. Given superior segmental growth and its business prospects over the next few years, the stock appears attractive. Thus, we recommend investors to “SUBSCRIBE” the issue.
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