Risk factor
Very poor trading liquidity
Profitability factor
Weak margins and returns
About
Established in 1980 and headquartered in New Delhi, India, Kanoria Energy & Infrastructure Ltd. primarily focuses on the manufacturing and sale of asbestos cement products throughout the country. Its comprehensive product line, sold under the JAI KIRTI brand, includes asbestos cement pressure pipes, couplings, corrugated roofing sheets, general asbestos cement sheets, molded goods, and tree guards. Beyond production, the company also offers services for the installation and connection of these asbestos cement materials. The firm was formerly known as A Infrastructure Limited until it rebranded to its current name in April 2023.
Company Valuation
From both historical and forecast perspectives, the stock is fairly priced compared to similar stocks. Specifically, the stock is neutral on EV/EBITDA.