New Delhi, Feb. 22 -- Robust order book to drive revenue growth: As of 31st Dec'24, the company's order book stood at Rs.55,548 Cr across various segments, providing revenue visibility for the next 2-3 years. With its strong execution track record, the company is well-positioned for steady revenue growth. We expect it to achieve a CAGR of 14%/17%/23% in Revenue/EBITDA/APAT, respectively, over FY25E-27E.

 Strong bidding pipeline: The company has a bidding pipeline of Rs.2.45 Lc Cr across all segments and states. For FY25, it expects an order inflow of Rs.20,000-22,000 Cr across all segments. As of 9MFY25, the order inflow stood at Rs.13,600 Cr, with the company being L1 in projects worth Rs.8,000-10,000 Cr, which it expects to mat...