OMMetals Infraprojects – Vikas Kothari, Director

OMMetals Infraprojects – Vikas Kothari, Director – 13-04-2018

  • Bagged order worth 157crs from SJVN
  • Order book of 700-750 odd crs contains about 14 projects
  • 10 projects to be completed in next 1-2 years and remaining 4 projects will take 3-4 years
  • FY 19 we are expecting good growth of around 20% in revenues
  • Ebitda margins are over 15% and Net margins are around 8-10%
  • As on today our core business is engineering and construction, real estate is an opportunistic¬†investment
  • Real Estate – Expected revenue of 1000 crs from projects under execution / sale at kota, hyderabad and jaipur – 200 crs already recognized
  • Rest 800 crs will come in FY19 and FY20
  • Real estate land bank has negligible debt, finance cost have shot up because of working capital loans
  • Standalone debt is around 40-50 odd crs – Avg Wcap utilisation – 30-40 crs (9M FY18 Finance Cost = 13crs)¬†
  • Total debt (incl some packaging debt = 80 odd crs) Borrowing cost as per Mgmt = 13%; Nos dont add up; Mgmt will check and update
  • Continuously looking to monetize 1 road asset; not able to find the buyer; NHAI looking over to takeover the road
  • Once NHAI takes over the road, they’ll take the debt portion – debt shall reduce by 150-170 crs at consolidated level
  • Total land bank – 26000 sq.m. in bandra; 4-4.5 acre land in jaipur; 10 acres in hyderabad; 10 acres in kota
  • Baring the Bandra project, everything is being monetized

 

Full Interview :

https://www.cnbctv18.com/videos/market/expect-20-revenue-growth-in-fy19-says-om-metals-infra-34201.htm

 

 

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