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Teerth Gopicon Limited IPO Review

Teerth Gopicon Private Limited a company that builds roads, sewer systems, and water distribution networks in Madhya Pradesh. Additionally, they’ve served as subcontractors, helping construct residential towers in Indore. Their corporate history spans no more than five years. Their company has completed various civil engineering projects such as constructing buildings, laying water pipelines, setting up sewerage networks and treatment plants, conducting nalla tapping work, establishing reuse networks, installing overhead tanks, building roads, and rejuvenating lakes.

They have a skilled workforce, ample resources, and a fleet of machinery and equipment that allow them to handle multiple projects at once. Their strong engineering capabilities enable them to efficiently manage projects. They believe that their resources, quality work, and project execution abilities strengthen their relationships with current clients and attract new ones.     

Teerth Gopicon Limited Products and Services

Teerth Gopicon Limited services are Building constructions, Auditorium, DAMS & Canals, Repair and renovation, Compound wall, Overhead Tanks, Water treatment Plants, gabion works. They offer complete services, covering everything from planning and engineering projects to sourcing materials, equipment, and machinery for construction. They handle the entire construction process, including execution, and manage operation and maintenance according to the contract terms.

Their competitive strengths are Extensive experience in managing and completing projects on time and within budget, Strong Presence in Madhya Pradesh, Continuous focus on Equipment Ownership, Focused Player in Water Supply projects (WSP), Visible growth through a robust order book, Their Business Strategies are Expand their geographical footprint, continued focus on Water Supply Projects (WSP) business, Retaining Skilled Manpower. They work in a challenging environment where they compete with other construction companies in Madhya Pradesh. Their competition varies depending on factors like the project type, contract value, potential profits, project complexity, location, and revenue risks.

Financial Overview

The company operates competitive and divided market. Its rapid increase in both revenue and profit since the financial year 2023 has attracted attention. Judging by the projected earnings for the financial year 2024, the stock seems to be valued. However, the company states it has a backlog of order, high-profit water supply projects constituting 85% of this. Given this information, investors might consider investing for potential medium to long-term gains.