External broker reports(aggregated public sources), Axis Direct

Axis Direct

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only.  Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Robust &amp; Diversified Order Book As of June 30, 2025, PNCIL’s order book stood at Rs 17,096 Cr, over 3.1x FY25 revenue, ensuring visibility for the next 2–2.5 years.</li><li>In line with its diversification strategy, the company is broadening its bidding focus beyond roads to other sectors, aimed at reducing sectoral dependence and building a more resilient revenue base.</li><li>We expect PNCIL to deliver a revenue CAGR of 17% over FY25–27E.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Robust &amp; Diversified Order Book As of June 30, 2025, PNCIL’s order book stood at Rs 17,096 Cr, over 3.1x FY25 revenue, ensuring visibility for the next 2–2.5 years.In line with its diversification strategy, the company is broadening its bidding focus beyond roads to other sectors, aimed at reducing sectoral dependence and building a more resilient revenue base.We expect PNCIL to deliver a revenue CAGR of 17% over FY25–27E.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

PNC Infratech Ltd - Execution Challenges Weigh on Growth; Downgrade to HOLD