CRISIL Research assigns fundamental grade of ‘3/5’ to Supreme Infrastructure India

CRISIL Research has assigned a CRISIL IER fundamental grade of ‘3/5’ to Supreme Infrastructure India. The grade indicates that the company’s fundamentals are good relative to other listed equity securities in India. Also, CRISIL Research has assigned a valuation grade of ‘5/5’, indicating that the market price has ‘strong upside’ from the current levels.

The assigned grade reflects the company’s established position, with a 10-year-plus record, in the roads; buildings (residential, commercial and hospital); bridges; and flyover segments. CRISIL expects that the company is well placed to benefit from the government’s increased focus on these segments.

Supreme Infrastructure India is engaged in the construction of highways, roads & bridges and engineering works. It also manufactures crushed metals, ready-mix concrete, asphalt and wet mix macadam. The company has been formed to undertake engineering works of unrestricted value with most of the government departments, public & private sector organizations.