An established player in the bulk material and ash handling business, Tecpro Systems has reported strong financial growth in the last five years. The momentum is expected to continue as the company becomes a Balance of Plant (BoP) package provider for thermal energy systems. With increased focus on power generation in the country, Tecpro is expected to gain from its strategy. It has also bagged orders worth over 200 crore for waste heat recovery, another thrust area for the company. Tecpro is expected to meet its revenue guidance of 35% for FY12 with these new initiatives. Its current order backlog is more than twice its standalone FY11 revenues. Tecpro's stock trades at FY12 forward P/E of 7.6, which is quite reasonable for a company with high growth potential.
Bharat Bond ETF
5 years ago
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