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Company Overview

XYZ is a renewable energy company, which


2013manufactures and sells wind turbine generators and
In INR Millions 2015-16 2014-15 14
related components of various capacities.
The Company operates through three segments:
5,939.3 2,270.3 3064.7
Sales
6
0
2
Sale of WTG, which includes sale of WTGs and allied
activities, including sale/sub-lease of land and
(538.79 (395.91
project execution; Foundry & Forging, which
EBIT
688.40
)
)
includes sale of foundry and forging components,
(6032.3 (924.47
and Others, which includes power generation
PAT
46.75
4)
)
operations.
It has approximately 10 manufacturing facilities in
EBIT Margin 11.6%
----India, China and America.
Its services range from feasibility studies, front-end
engineering design, undertaking construction,
installation and commissioning of wind farms,
operations and maintenance, as well as the
customer requirements across the wind energy.
Its technology products include Blade Technology,
Nacelle,
Towerthat
and the
Foundation,
Park remarkable
Control and balance sheet turnaround,
We
believe
companys
System Integration.
proven
expertise and increasingly favourable environment for its business
all depict a start of a great story.
Divestments in unproductive assets, equity infusion by PE investor
together will materially improve the companys working capital position,
helping drive robust execution and strengthening operating margins.
The companys operations and maintenance services business, which has a
renewal track record of 100% and contributes to 30% of total revenue has
shown a robust CAGR of over 22% over FY12-16

Company Overview

2013Ashoka Buildcon Limited is an infrastructure


In
INR
Crores
2015-16
2014-15
14
development company, which is engaged in
1556.6
construction and maintenance of roads; supporting
Sales
1935.83 1966.66
4
services to land transport-operation of toll roads,
EBIT
288.69 249.19 196.69
and others.
The Company operates in three segments:
PAT
159.41 142.18 103.44
Construction and Contract related activities; BOT
Projects, and Sales of Goods.
EBIT Margin 14.9% 12.67% 12.63%
Its Construction and Contract related activities
segment comprises execution of engineering and
construction projects to provide solutions in civil
and electrical engineering to core/infrastructure
sectors.
Its BOT Projects includes execution of projects on
long-term basis comprising developing, operating
and maintaining the infrastructure facility.
The Sales of Goods segment comprises the activity
With
road of
development
a focal
point
of the government, a pick-up in
of selling
ready mix being
concrete
(RMC),
plain
awarding
of new(PCC)
projects
already
visible
cement concrete
polesis and
software
and& ASBL being one of the key
players
bitumen.in the BOT space is likely to be one of the key beneficiaries.
Due to higher capital requirements, the BOT segment has only ~5-6 players
left, who have been active in recent bids. Among these players too, only
ASBL and 2 others would be looking at taking up new projects. ASBL being
the largest BOT player on NH6, limited competition would help ASBL bag
projects at attractive IRRs.
Even for EPC projects, where competition is expected to remain high,
strong execution capabilities and a healthy balance sheet would help it

Company Overview

XYZ is educational services company that


provides coaching services.
The Company is engaged in providing non formal
and formal education service, which schools,
universities and coaching divisions.
It is involved in the business of providing tutorial
services for various competitive entrance
examinations, such as engineering and medical.
The Company operates its tutorial services
business through a network of various delivery
platforms, such as Company-owned branches;
franchisee training centers; technology enabled
live classrooms; online courses; synchro-school
programs, and distance learning solutions.

2013In INR Crores 2015-16 2014-15


14
Sales

78.82

71.1

62.49

EBIT

22.35

14.5

6.53

PAT

14.47

9.7

4.2

EBIT Margin

28.35%

20.74

10.44

The company has established universities, schools, and hostel services


which would great a long term value business in the evergreen education
sector that leads Indian consumption growth story.
Its core tutorial business provides higher returns whilst Formal education
offers annuity and sustainability.
Formal education has come out of gestation with yielding returns and
capital flow back to the company.
Strong management, with focus on delivering quality service and a debt
free balance sheet add value to the business.
Growing reputation in the student community leading to increase in
enrollment rates.
The Rate of increase in enrollments along with the annual fee increment

Company Overview

Prime Securities Limited is an India-based company


engaged in advisory business.
The Company is a provider of diversified,
investment banking and corporate advisory
services.
It operates in the merchant banking and broking
segments.
It is involved in providing value added advice and
services to its clients on strategic and financial
decisions and transactions focused around fund
raising, mergers and acquisitions, equity and debt
private
placements,
initial
public
offerings,
corporate advisory and capital restructuring.
Its investment banking and corporate finance
services include mergers and acquisitions, initial
public
offering
(IPO)/private
equity/
Private
Investment in Public Equity (PIPE) and corporate
finance services.
Its services for institutional equities include equity
research, corporate finance, and sector and stock
coverage.