Sunil Hi Tech Engineers Limited - Growing Value Company

SUNIL HITECH ENGINEERS LIMITED

Background
Sunil Hitech was incorporated on 29th May 1998. 

Engaged in the niche segment of Fabrication, Erection & Testing and Commissioning of 

Bunkers, ESPs, Boilers, TG sets in the Power Plants, both in Private & Public sector.

Habit of Fast track Completion of Projects(Ironic for Indian Companies)

Few examples 

Fast track construction of 500 MW, 7th unit at Chandrapur, Completed 8500 MT of Power House Structures in 18 months against 24 months schedule.

Fast track construction JPL’s 2x250MW, Raigad Project and completed TG area structural works with an achievement of 13200MT of Fabrication & 11500MT of erection in a year.

U-2 Chandrapur STPS Completed Reheater replacement within the scheduled time of 25 days & complete total replacement of Condenser Tubes in a record time of 35 days

Completed total replacement of LTSH, Economiser Coils, HRH including Hangers, terminal 

and supply tubes replacement was done in a span of 25 days involving 5400 HP Joint 

at Tuticorin TNEB.

CLIENT LIST
The Company’s customer portfolio comprises reputed names like the NTPC, Chhattisgarh State Power Generation, BHEL, BALCO, Reliance Energy, Jaypee Group, JSW Steel, Punj Lloyd, Tata Projects, Adani Power, L&T, RINL, Mahadiscom, Hindalco, Dodson-Lindblom, Maharashtra State Transmission, Tamil Nadu Electricity Board, Skoda Exports, Punjab PWD, Gujarat State Electricity Corporation

Positives

Revenue CAGR of 15.32% over the past five years 

Strong EBIDTA CAGR of 7.30% over the past five years 

Net profit CAGR of 2.51% over the past five years Consistent dividend payout; cumulative dividend distribution of 5.65 crore over past 5 years

Negatives

Debt is over 380 crores

Recommendation

Highly recommended at current market price of Rs 150 .