CONART ENGINEERS LTD.
(BSE Code: 502175) (CMP: Rs.54.50)
COMPANY PROFILE
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.
SERVICES
GENERAL CONTRACTING
Conart, a diversified
full-service contractor has been providing its clients with general contracting
services for more than four decades. The demand for quality contractors skilled
at planning, building, and commissioning schedule driven, fast-tracked projects
has brought them to the forefront. They are capable of performing a variety of
work with our own forces including: Structural and miscellaneous steel
fabrication, multi-storey concrete forming and placement, heavy foundations,
specialized concrete floors, roads, ETP tanks, concrete repairs and
restoration, demolition and much more.
DESIGN BUILT
The design-build process
is one that can potentially bring great value to an owner – so long as it is
done right.
Fortunately, Conart
is one of the country’s most experienced design-build contractors.
Our collaborative
approach with construction professionals fulfills multiple parallel objectives
to the design process by providing input on functionality, constructability,
aesthetics, cost control, and schedule management.
PROJECT MANAGEMENT (PM)
Their Construction PM
services functions as an agent to improve and control the quality, cost and
schedule of a project for the Owner's benefit. They represent the interests of
Owners and Developers by managing a timely, cost-efficient, and high quality
construction project including procedures and policies for a multi-project
building program.
ONGOING PROJECTS
COMPLETED PROJECTS
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.
Conart Engineers is working very intensively in
Infrastructure Space, it is the space where India will invest as much as Rs
3,96,135 crore in creating and upgrading infrastructure in this financial year,
and this will increase year on year as India is a Developing Country and will
remain so for many years to come. Infrastructure will play a very vital role in
India's Growth Story and Conart has the potential to make the most of this
massive opportunity.
FINANCIAL SNAPSHOT
Conart
Engineers has
equity capital of just Rs.3 crore supported by reserves of around Rs.12.96
crore and Debt is only 12 lacs so virtually it is a DEBT FREE COMPANY. For FY17, Conart Engineers has posted PAT of
Rs.1.30 against PAT of Rs 1.12Cr in FY16. For Q1FY18 company has posted PAT at Rs.50 lacs on sales of Rs.7.63 crore
against PAT of 20 lacs in Q4FY17 on sales of 9.28cr which signifies significant
increase in margins. PAT on QoQ basis surged 150%.
Currently,
the stock trades at a P/E of 12.04 while the industry PE is 35.80
Share book value works
out to Rs. 53.19, so it is trading at Price to Book. Debt free, Cash
Rich Infrastructure
