IL&FS Engineering and Construction Company Multibagger 3 yrs time frame

IL&FS Engineering and Construction Company Multibagger 3 yrs time frame

• IL&FS Engineering and Construction Company Limited (IL&FS Engineering Services) is a leading multi-national Infrastructure Development, Construction and Project Management company.
• The Company executes projects under various domains such as Buildings & Structures, Roads, Railways, Irrigation, Power, Ports, and Oil & Gas.
• IL&FS Engineering Services has been awarded IMS Certificates (ISO 9001:2008 Quality Management System, ISO 14001: 2004 Environmental Management System, and OHSAS 18001:2007 Occupational, Health and Safety Management System) by Germany based TUV Nord.
• Company has huge orderbook of close to 10,000 crores and it wins lot of prestigious orders. One recently won is Rs. 326.99 Cr Bangalore Metro Rail Contract. This shows the kind of experience company has which is in par with L&T.
• Company also has a subsidary company called MISA which recently won Rs. 464 Cr Contract in Saudi Arabia .This shows that the company has orders all around the world. and strong MNC.
• Company also executes orders in Joint ventures.It has JV with Nagarjuna Constructions,IJM,GVK and Gayatri.
• The one that you see in Media channel as scam is regarding the project which ILFS won in JV with Gayatri.
• The company is run by strong promotes such as HDFC and Central Bank.So i belive there is little reason to belive there could be a scam done.
• Company has switched from loss making company to Profit making company last quater with 78 crores reported as net profit.
• Current EPS is around 26 and we see this to reduce as the profit increase.
• One can invest in this stock with 3 yrs time frame expecting good returns