ITD Cementation's total claims with NHAI stands at Rs 900 crore, says company CFO S Ramnath.
In an interview to CNBC-TV18, S Ramnath, CFO of ITD Cementation shared the financial performance of the company in the quarter gone by and the road ahead.
With less than 5 percent of slow-moving orders, the company's current order book stands at Rs 4,800 crore.
Meanwhile, total claims with National Highways Authority of India (NHAI) stand at Rs 900 crore, he added.
Below is the verbatim transcript of the interview:
Reema: We understand that the L1 status of the company stands close to about Rs 770 crore in terms of order. How many of these might fructify in Q4 or perhaps in Q1 of next fiscal year?
A: Our year end is December and we just closed our year end. We have an order book of around Rs 4,800 crore. In the Q1 of this year we are expecting some major signings in the marine and the piling segment.
Ekta: What would the quantum of the marine and the segments that you spoke about before?
A: We are in competition with many people but this would be very significant and one particular order in the marine segment could be the largest in the history of the company as a single order – that's under negotiation, so I cannot talk more than that but you could see something happening by the end of this month or in about 45 days from now.
Reema: What are the total pending claims the company has from NHAI and by when are you expecting to improve the receivables picture?
A: Our claims are at various stages of litigation with NHAI. The total claims on them are near about Rs 900 crore odd.
Reema: NHAI alone?
A: Yes.
Ekta: How much do you expect your working capital to possibly ease by and when do you expect the dues to come in?
A: These are legal processes through which these claims are being considered, some are at arbitration stage and some are at courts: high courts and supreme courts. So it takes time.
Reema: What chunk of your order book of Rs 4,800 crore is slow moving or low margins and will you have to take further write-downs?
A: Fortunately for us the slow moving orders in Rs 4,800 crore is less than 5 percent. We do not expect any major write downs on any of these projects going forward.
ITD Cementation stock price
On January 06, 2015, ITD Cementation India closed at Rs 482.55, up Rs 0.30, or 0.06 percent. The 52-week high of the share was Rs 522.00 and the 52-week low was Rs 120.50.
The latest book value of the company is Rs 265.80 per share. At current value, the price-to-book value of the company was 1.82.
Anda sedang membaca artikel tentang
Pipeline at Rs4800cr amid 5% slow-moving orders: ITD Cement
Dengan url
http://kebugaranhidup.blogspot.com/2015/01/pipeline-at-rs4800cr-amid-5-slow-moving.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Pipeline at Rs4800cr amid 5% slow-moving orders: ITD Cement
namun jangan lupa untuk meletakkan link
Pipeline at Rs4800cr amid 5% slow-moving orders: ITD Cement
sebagai sumbernya
0 komentar:
Posting Komentar