Udayshivakumar Infra IPO Details Issue Price, Date, News, Allotment Status, GMP, Link, Updates

Udayshivakumar Infra IPO Company Profile:

Udayshivakumar Infra Limited (UIL) is engaged in the business of construction of roads and bridges, construction of Major and Minor Irrigation and canal projects, Industrial Areas, based in the State of Karnataka. The company bid for Roads, Bridges, Irrigation & Canals, Industrial Area construction in the State of Karnataka including various Government Departments. As of 31^st Dec, 2022, UIL has completed 30 projects having an aggregate contract value of Rs.684.68 cr., which includes 16 roads, 5 bridges, 6 irrigation and 3 civil construction works. Also the company is executing 30 ongoing projects of an aggregate order book of Rs.853.88 cr. In addition to this, company has new work orders allotted (but work not yet started) with the order book value of Rs.436.51 cr.

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Udayshivakumar Infra IPO details:

Udayshivakumar Infra IPO Financial Performance:

 

Udayshivakumar Infra IPO Strengths:

• The company has strong order book of roads, bridges, flyovers and irrigation projects from Karnataka state government.

• It has strong execution capabilities which includes in-house engineering and design team and quality control managers and quality surveyors.

• The company has well qualified and experienced management team along with promoter having more than 25 years of experience.

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Udayshivakumar Infra IPO Key Highlights:

• Revenue of UIL has decreased from Rs.194 Cr. in FY20 to Rs.186 Cr. in FY22 while Net Profit has increased from Rs.10 Cr. in FY20 to Rs.12 Cr. in FY22 with CAGR of 5% majorly due to reduction in the construction expenses and Finance cost.

• Company has EBITDA margin and Net Profit margin of 13.4% and 6.5% respectively for the FY22.

• ROCE and ROE of the company stands at 20.71% and 17.78% respectively for FY22.

• Total borrowings of the company has decreased from Rs.33.95 cr. in FY20 to Rs.26.48 cr. in FY22.

• The net cash flow from operating activities has increased from Rs.21.42 cr. in FY20 to Rs.31.99 cr. in FY22.

Udayshivakumar Infra IPO Shareholding Pattern:

Total Equity (In Rs. Cr.)	Pre- Issue	Post Issue
	78.34	144.34

Udayshivakumar Infra IPO Risk Factors:

• The company’s business is primarily dependent in the State of Karnataka; it generate average 88% of the total revenue from the projects of Karnataka. Any adverse changes in the central and state govt. policies may lead to adverse impact on the business operations of the company.

• Top 5 customers of the company contribute to average 67.5% of the total revenue. Loss of any such customers may have an adverse effect on the financial condition and business operations of the company.

Udayshivakumar Infra IPO Outlook:

UIL is in the business of construction of roads, bridges, irrigation & canals industrial area construction, majorly in Karnataka. The company also sale RMC and other construction material required in the construction projects. Sales of Products, Sale of Services and Revenue from Contracts contributed to 9.6%, 3.38% and 86.99% in the total revenue from operations of the company in the FY22. UIL intend to enter into joint ventures with other infrastructure companies in the industry to jointly bid and execute larger projects. Company has strong order book of over Rs.1290 cr. as of 31^st Dec, 2022 and is maintaining its focus on roads, bridge and irrigation projects construction. It is also diversifying its business activities in areas of mining and toll collection. Infrastructure sector is going to rise in the country due to the significant increase in the infrastructure capex in various sectors such as roads, railways, urban infra, water supply and sanitation etc. On the basis of FY22 earnings, UIL is offering the PE of 15.95 times on the upper price band against the industry average of 19.28. Hence, we recommend only to apply for the listing gains.

Source: DRHP, EWL Research

Udayshivakumar Infra IPO FAQ