MARG Ltd., one of India’s leadinginfrastructure companies, made a lasting impression at the EPC World 2011 Awards by winning the esteemed award for its exceptional contribution towards the development of port sector projects. The award ceremony was a grand affair held at Bangalore and was attended by the elite in the industry.
EPC World Awards is considered as one of India’s first recognition awards for industries, which recognizes and rewards the companies and individuals who have performed exceptionally well towards national development and outwitting competition from all around the globe.
GRK Reddy, Chairman and Managing Director, MARG Group, while speaking on the occasion quoted, “With over two decades, MARG Group has a built a reputation of reliability and quality in the infrastructure space across the country. With technological innovation as a focus, MARG’s EPC division brings in the best of technology and knowledge partners for all our projects and is a major driver towards our goal to be a billion dollar company by 2014. MARG’s domain expertise in port, marine infrastructure, industrial EPC and other infrastructure projects will add value for the successful completion and on-time delivery of the project. This award reaffirms our faith in the pioneering spirit that inspires us to create inclusive and sustainable infrastructure projects that benefit the society as a whole.”
MARG EPC has had the coveted opportunity of building MARG Karaikal port, today considered as one of the finest private sector ports in the country. Master Planning, Engineering, Design, On and Off shore construction, Project Management and Value Engineering has completely transformed the landscape of marine architecture.
MARG Group, it must be noted, is currently one of the top-ranked real-estate houses in the country with offices spread across India, Singapore and China. Their projects are estimated to be of net worth than Rs. 3000 crores under execution with global partners in the Infra space. MARG’s businesses are structured under 4 specific business divisions – Marine Infrastructure & Services, Urban & Industrial Infrastructure, EPC and Real Estate.
CRISIL a global entity, and India’s leading Ratings, Research, Risk and Policy Advisory Company has assigned a CRISIL IER ( Independent Equity Research ) fundamental grade of 3/5 to MARG Group .
This grade also reveal that MARG Group’s fundamentals are ” Good ” to other listed securities in India.The current price of the share is Rs. 183.60 ( as on 17 Nov 2010 ) and CRISIL’s one year fair value of the stock is Rs. 353.
CRISIL Equities has accredited a valuation grade of ” 5/5 “ which shows a ” strong upside ” to the current market scenario.
Marg’s diversified businesses like Properties,Marine Infrastructure,Urban & Industrial Infrastructure,Commercial Spaces,Marg Foundation India and Airports.This rating clearly shows signs of strong growth in each and every above mentioned segments.
And not to forget the external EPC order book increased significantly from Rs 880 million in FY09 to Rs 5,150 million as of September 2010.
CRISIL Equities expects Marg`s consolidated revenues to grow at a two-year CAGR of 66% to Rs 10 billion in FY12 mainly due to increasing contribution from the ports and EPC business.Marg’s 80% stake in karaikal port also plays a major role in this rating by CRISIL.
The total volume of shares traded was 22,336 at the BSE (16th Nov 2010).