Inkel Limited

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RATING

RECOMMENDATION

Strong Sell

Business Type

Fairly Valued

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Discover and get a complete analysis on Inkel Limited - Management, Business Model, Financials, Growth, Valuations, Funding Rounds, News and get the latest updates on Inkel Upcoming IPO.

ISIN

INE308U01017

Face Value

₹10.00

Total Share

17,78,14,334

Total Income

₹7,730.06 L

Profit After Tax

-₹307.73 L

EPS

-₹0.11

P/E

-127.27

P/B

1.21

Market Capitalisation

₹248.94 Cr

Book Value

₹11.53

Earnings Yield

-0.79 %

Sector

Industrials

Sub-sector

Construction & Engineering

Cashflow - Operations

₹18.54 L

Cashflow - Financing

₹2,203.26 L

Inkel Growth

About Inkel

Overview:

INKEL Ltd is a Public Private Partnership (PPP) initiative which brings together government agencies, prominent global investors, NRI industrialists/ businessmen.
Government of Kerala has established INKEL Ltd with specific objective of channelizing private capital as well as professional expertise into large scale projects viz industrial business park, roads and bridges, power, transport, trade centres etc.
INKEL is on track to emerge as an one stop destination for implementing large scale infrastructural projects and an instrument for fast track development of the state’s economy. It will provide a conductive platform for private investors in Kerala and beyond.
The company provides construction engineering service also offers infrastructural development, solar power solutions, advisory, facilities management, and health hospitality services.

Inkel Product & Services

INKEL offers services ranging from concept development to the completion and handled over of projects in the following sectors.

Construction

Roads & Bridges

Industrial Infrastructure

Solar Energy

Engineering Design & Consultancy

Health Hospitality

PMC, Advisory & Management Consultancy

Education & Skill Development

Inkel Industry Overview

Industry Statistics

Introduction:

Infrastructure sector is a key driver for the Indian economy. The sector is highly responsible for propelling India’s overall development and enjoys intense focus from Government for initiating policies that would ensure time-bound creation of world class infrastructure in the country.
Infrastructure sector includes power, bridges, dams, roads, and urban infrastructure development.

Market size:

According to the Department for Promotion of Industry and Internal Trade (DPIIT), FDIs in the construction development sector (townships, housing, built up infrastructure and construction development projects) and construction (infrastructure) activities stood at US$ 26.08 billion and US$ 24.72 billion, respectively, between April 2000 and March 2021.
In FY21, infrastructure activities accounted for 13% share of the total FDI inflows of US$ 81.72 billion.
India is expected to become the third largest construction market globally by 2022. India plans to spend US$ 1.4 trillion on infrastructure projects through the National Infrastructure Pipeline (NIP), from 2019 to 2023, to ensure sustainable development in the country.

Future Prospects

In the Union Budget 2021, the government allocated Rs. 60,241 crore (US$ 8.28 billion) for road works and Rs. 57,350 crore (US$ 7.88 billion) for the National Highways.
The government announced an outlay of Rs. 118,101 crore (US$ 16.20 billion) for the Ministry of Road Transport and Highways.
In the Union Budget 2021, to support initiatives such as “Housing for All” and “Smart Cities Mission”, the government allocated Rs 13750 crore (US$ 1.89 billion) to AMRUT and Smart Cities Mission.
In March 2021, the Parliament passed a bill to set up the National Bank for Financing Infrastructure and Development (NaBFID) to fund infrastructure projects in India.

Government Initiatives

In Union Budget 2021, the government has given a massive push to the infrastructure sector by allocating Rs. 233,083 crore (US$ 32.02 billion) to enhance the transport infrastructure.
The government expanded the ‘National Infrastructure Pipeline (NIP)’ to 7,400 projects. ~217 projects worth Rs. 1.10 lakh crore (US$ 15.09 billion) were completed as of 2020.
In May 2021, Minister for Road Transport & Highways and Micro, Small and Medium Enterprises, Mr. Nitin Gadkari stated that the government is giving utmost priority to infrastructure development and has set a target of road construction of worth Rs.15 lakh crore (US$ 206 billion) in the next two years.

Inkel Strengths

EBIT for the year of the Company has been increased INR 316 Lakhs in FY 2017 to INR 2209 Lakhs in FY 2020 showcased a growth of 91% over 3 years.

Inkel Shortcomings

As per the Auditor’s Report, Auditor has Disclaimed the Opinion.
The committee appointed by INKEL and the forensic audit simultaneously conducted by INKEL had reported that SFS’s shares were overvalued through misrepresenting its financial positions and the investment made by INKEL was siphoned away by the managing director of SFS’, the Board of INKEL has declared the transaction of investment in SFS as a fraud on INKEL by SFS resultant there is permanent diminution in the value of investments in the subsidiary company, SFS as per AS-13.

Inkel Opportunities

Construction Industry received the 2nd highest FDI in the period 2000-2020.
The Real Estate Industry in India is expected to reach $1 Tn by 2030 and contributes to 13% of GDP.
The Construction Industry is expected to reach $1.4 Tn by 2025.

Inkel Threats

Workplace safety compliance can be enhanced using intelligent thermal scanning, digital fencing for ensuring social distance between staff, and several other possibilities.

Inkel Rating

RECOMMENDATION

Strong Sell

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