Home/IPOs/PKH
Start Date30-06-2023
Application Timing10am-5pm
Price Range₹140 - ₹148
Min Qty100
Min. Investment₹14000
Listing DateNA
Close Date04-07-2023
About PKH Ventures Limited
Why To Invest in PKH Ventures Limited
Established track record in the market with government projects, growing order book through third party developer projects. The proceeds will be used towards investment by way of equity in its construction subsidiaries, inorganic growth through acquisitions.
Strengths And Risks
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Established Track Record: : The company has over 15 years of expertise in running restaurants, lounges, F&B etc and end to end construction services. This track record has given them the necessary impetus to build, own and operate own projects in the Hospitality and Construction & vertical.
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Growing Order Book:: The company has a strong order book growing with new government projects recently awarded. They are currently engaged in the civil construction of eight residential projects for Third Party Developers and Promoter Group in the MMR.
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DIverse Business Model: : They are in the business of Construction & Development, Hospitality and Management Services. The businesses generate income from diverse activities completely independent of each other. E.g. During Covid, Construction business compensated for downturn in the hospitality industry.
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Strong Financial Performance:: They have total net asset book value of Rs. 75,983.02 lakhs which has been re-valued at Rs. 1,07,704.07 lakhs as at March 31, ‘21. As of and for the six months period ended Sept 30, 2021, their EBITDA margin was 60.34% and PAT margin for the period was 19.50% of consolidated revenue from operations.
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Asset light model: : In an asset heavy industry, PKH has an asset light model approach for their Civil Construction business and rely mostly on third party suppliers for equipment and labour. This also avoids movement costs for heavy eqp from one project location to another.
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Key Customer Risk:: Significant portion of revenues from our Construction & Development activity come from the Govt of India, through Delhi Police. Any dispute with the Delhi Police leading to a delay or cessation of annuity payments may result in adverse effect on our financial condition.
Raw Material Cost: Increase in the prices of construction materials and labour & works contact charges could have an adverse effect on the business, results of operations and financial condition.
Operational Risk: Their Hydro Power Project faces weather related risks like floods, cloudburst, landslides and such environmental risks. In such an event, the Project may get damaged or destroyed, leading to a major capital and revenue loss.
Implementation Risk: Construction & Development business is exposed to various implementation risks e.g. hazards in providing civil and maintenance services, equipment failure, work accidents, fire or explosion, and other uncertainties which may adversely affect their business.
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Raw Material Cost: : Increase in the prices of construction materials and labour & works contact charges could have an adverse effect on the business, results of operations and financial condition.
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Operational Risk: : Their Hydro Power Project faces weather related risks like floods, cloudburst, landslides and such environmental risks. In such an event, the Project may get damaged or destroyed, leading to a major capital and revenue loss.
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Implementation Risk: : Construction & Development business is exposed to various implementation risks e.g. hazards in providing civil and maintenance services, equipment failure, work accidents, fire or explosion, and other uncertainties which may adversely affect their business.
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