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DR Agrawal Infracon – Opportunities Remain Strong; Competition Here To Stay: Centrum Broking


BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

We hosted the senior management of unlisted company DR Agrawal Infracon Pvt Ltd. to get a status update on the construction sector and get insights into the company’s business plans and growth strategy.

DR Agrawal Infracon is a diversified engineering, procurement and construction company with presence in highways, bridges, railways, buildings, airports etc.

The company registered revenue/profit after tax of Rs 38.6 billion/Rs 2.3 billion in FY22 and had a robust order backlog of Rs 163 billion as on March-22 (4.2 times FY22 revenues).

DR Agrawal Infracon indicated that competitive intensity has normalised to some extent led by re-instatement of EMD and other measures to tighten qualification norms. However, as such competition is here to stay and incumbent players will have to re-orient themselves towards technologically complex areas to remain relevant.

Click on the attachment to read the full report:

DISCLAIMER

This report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.





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