ABOUT COMPANY
Incorporated in 1973
in Mumbai, Conart Engineers Ltd (formerly known as Conart Builders Pvt Ltd)
provides general contracting and project management services for industrial,
commercial and residential construction projects. It offers general contracting services such as cost monitoring and
control, schedule development and control, subcontractor management, field engineering and site management, safety
assurance, project accounting, change management, shop drawings and material submittal review and quality control.
It also undertakes design-build and turnkey projects. In addition, it provides construction project management
services (i.e. material planning, concept design, rough estimate, constructability review and construction bidding), cost
estimating, CPM scheduling, change order evaluation, project cost controls, safety, quality management/field
inspections, technology services and constructability review services. It
serves the heavy manufacturing, chemical and
petrochemicals, pharmaceuticals, residential and commercial, textiles, research and development, heavy engineering, electronics
and computer markets.
Conart has been providing its clients with at-risk general contracting services for more than Four decades. Our clients rely on us because we are responsive, provide outstanding service.
Their customer list includes:
- ABB
- Advani Oerlikon Ltd.
- Alstom Projects Ltd.
- Voltas Ltd
- ABB
- Asian Paints
- General Motors
- Gujarat Alkalies & Chemicals Limited,
- IPCL,
- Laffans Petrochemicals Ltd.
- Lupin Agricare Ltd.
- Parekh Platinum Ltd.
- Paushak Ltd (Darshak Ltd)
- Sabero Organics
- United Phosphorus
- Glaxo
- JB Chemicals
- Pune Municipal Transport
- Gujarat Industries Power
- Raymond Woollen Mills Ltd.
- Cadila Healthcare Ltd.
- Apollo Tyres Ltd.
- Bombardier Transportation India Ltd.
Nalanda International School was constructed by them.
Industry
Growing Opportunities:
Minister of Road Transport & Highways and Shipping, announced
the target of Rs.25 tn ($370.6 bn) for investment in infrastructure over
the next three years including Rs.8 tn ($118.6 bn) for developing
27 industrial clusters and an additional Rs.5 tn ($74.11 bn) for road,
railway and port connectivity projects. India’s 2016-17 Union Budget has
budgeted nearly Rs.2.2 lakh crore ($32 bn) for the infrastructure sector, which
is expected to boost India’s GDP to 9%. The total length of
National Highways is expected to cross ~2,00,000 km in the next 5 years
thereby offering significant opportunities in the State/National Highway
segment. States like Bihar, Gujarat, Madhya Pradesh, Maharashtra, Karnataka,
Rajasthan, Uttar Pradesh and West Bengal have planned several projects
both on EPC and PPP basis. The Central and State Governments have granted
infrastructure status to affordable housing for urban and rural housing
projects in the current Budget. The Central Government aims to complete 1
crore houses by 2019 under various schemes.
They are into civil construction and seem to have recently gone into Construction Project Management. This seems to be an area with better profit margins.
Financial Health
Conart Engineers FY 2016-2017
:mega: Expected Revenue Rs.14 Cr
:white_check_mark:Net Profit 1.5 Cr
:white_check_mark:Margins 10%
:white_check_mark:EPS Rs. 5 Per Share
:white_check_markMarket Cap 14.45 Cr
:white_check_mark: Trading at less than 10 P/E
:white_check_mark:DEBT FREE COMPANY
:white_check_mark:Reserves 12 CR
:white_check_mark:INDUSTRY P/E 32
With an equity capital of Rs.3 crore and reserves of Rs.10.54 crore, its share book value works out to Rs.48.85.
Debt free, Cash Rich Infrastructure Company available at such a valuation is a steal
:mega:
