The company bagged orders around Rs 133 crore. One order is in the pilling division executable in six months and another to design and build a flyover on Pune-Nashik road executable in more than two years.
On the margin front, he said from the pilling division project it would be12 percent and that from bridge project would be around 9 percent.
The total outstanding order book as of now stands at Rs 2500 crore, he said.
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Below is the verbatim transcript of his interview on CNBC-TV18
Q: Could you tell us about the order win Rs 133 crore, what is the timeline of execution, what are the margins of this order?
A: Yes the two orders that we have received are one in the piling division. We have got the biggest convention centre in Kochi and one in Assam in the Numaligarh Refinery. This order totals to Rs 74 crore, the execution time for the same is six months because the pilling projects order duration is short.
The second order that we have bagged is a design and build flyover on the Pune-Nashik road and the length of the flyover is round two kilometers, the value of the same is around Rs 60 crore and it may be executed in two years time.
Q: Typically how much is the margin in these businesses?
A: The margins are in the range of about 12 percent in the case of piling projects and the margins are in the range of around 9 percent in the case of the bridge project.
Q: What is your expectation in terms of revenues for FY14?
A: We are in the mode of consolidation, so it will be slightly higher than last year. In the last few months we have been successful in bagging orders, our order book is intact. Next year will me more robust because the total outstanding orders as of now is at Rs 2500 crore which has got a shelf life of about two years and three-four months.
Valecha Engg stock price
On January 07, 2014, Valecha Engineering closed at Rs 36.75, up Rs 1.75, or 5.00 percent. The 52-week high of the share was Rs 67.80 and the 52-week low was Rs 17.60.
The company's trailing 12-month (TTM) EPS was at Rs 9.99 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 3.68. The latest book value of the company is Rs 156.74 per share. At current value, the price-to-book value of the company is 0.23.
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