Pick of the Week - 3-Mar-08

MSK Projects Ltd

Equity : 22.82 Cr, BSE Code : 532553, CMP : 112.9

BUY MSK Projects Ltd @ 110 : 112 TGT 120 : 122

Incorporated on 20 the December, 1994 MSK Projects ( India ) Limited - MSK is in civil construction business for over a decade and the group is growing day by day with its strong commitment of timeliness, quality delivery and fair dealings. Along with road projects on BOT basis, the company has experience in versatile field of construction such as mass housing & township, multi- storied buildings, industrial projects coal mines, fertilizer plants, petrochemicals, water retaining structures, leaving no job impossible

The company entered in the field of industrial construction with prime motive of servicing reputed clients. The firm has gained various types of works such as mass housing & township, multi-storied buildings. Industrial projects for coal mines, fertilizer plants, petrochemicals, water retaining structures, and have successfully & timely executed them. he firm has independently executed projects for various large scale private & public sector giants such as G.E. Plastic Limited, Compton Greaves, Indian Petrochemicals Limited, National Thermal Power Corporation Limited, M/s Nitco Tiles Private Limited., Gujarat Chemical Port Thermal Limited, Rajasthan Industrial Investment Corporation Limited (RIICO), M/s ACP Industries Limited, M/s Hindustan Lever Limited, M/s Philips (India) Limited.

The company has diversified in the field on Infrastructure development particularly road sector on Build- Operate & Transfer (BOT) basis. Due to huge requirement of funds for upgrading maintenance and speedy development of National Highways, the Government has opened the segment for private sector. The Government and funding institutions have offered various concessions for private sector to participate road development.

Growing prospect of Infrastructure and construction industry is endless. Central and State Governments are focusing on development of infrastructure regime and opening the roads of opportunities and growth potentials before the sector. In the recent budget also, Finance Minister has concentrated over infrastructure sector. In housing sector the lower interest rate structures, tax incentives and easy access to housing loans promises good times to the construction industry.

Sales and NP for year ended 06 � 07 were 837Cr & 10.2Cr. Sales and NP for latest Quarter 58.4Cr & 4.5Cr., On YOY basis NP has increased by 31% & based on quarter latest its increased by 43%, Dividend during year ended 06 � 07 was 10 %