Stocks of shipbuilding companies have been re-rated on the back of rising order book-to-sales to over seven times. The stock price of ABG Shipyard has gone up 267 per cent, while Bharati Shipyard is up 107 per cent over the last one year.
1. I have recommended Bhari Shipyard earlier also as I consider its business model more robust than ABG shipyard which is commanding more vakluation than Bharat Shipyard.
2. The point in favour of Bharati Shipyard is that it is still trading at a comfortable valuation as compared to ABG Shipyard and thus has a lot of scope for appreciation.
3. It has a current order book which is standing tall at approximately Rs 4,639 crore (Rs 46.39 billion) which will ensure that it is able to maintain 50 per cent growth for the next three years.
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1. I have recommended Bhari Shipyard earlier also as I consider its business model more robust than ABG shipyard which is commanding more vakluation than Bharat Shipyard.
2. The point in favour of Bharati Shipyard is that it is still trading at a comfortable valuation as compared to ABG Shipyard and thus has a lot of scope for appreciation.
3. It has a current order book which is standing tall at approximately Rs 4,639 crore (Rs 46.39 billion) which will ensure that it is able to maintain 50 per cent growth for the next three years.
Subscribe Here to Get Free Millionaire Potential Stocks in Your Email Inbox Free Of Cost.
