Credit rating agency, CRISIL Research has maintained fundamental grading of 3/5 on Supreme Infrastructure India. The grade indicates that the company’s fundamentals are ‘good’ relative to other listed equity securities in India. The rating agency has also revised valuation grade is 5/5 to the company.
The company has received the said rating on the back of its strong order book of Rs 5300 crore (provides revenue visibility for the next two-three years), focus on regional and segmental (increasing share of water and power) diversification, and low execution risk in the EPC of in-house BOT projects.
Supreme Infrastructure India is a Mumbai-based construction player focusing on roads and buildings. The company has a backward integrated business model with access to key raw materials required for its road construction business, which gives it an edge over others and helps earn higher margins.
