Denta Water and Infra Solutions

Profile Highlights

• Order execution: 17 ongoing projects were expected to be realised within 2 years; average ground water recharging project completion takes 24 to 36 months.
• Other businesses: The company also has income from land-based produce, a beach resort in Udupi district and building rentals.

Key Risks

• Geographic concentration: The company derives revenue from Karnataka.
• Governance and order visibility: The report flags resignations of 2 CFOs and 1 Director across FY25 and FY24, and says receipt of additional orders is a monitorable.

Standard disclosures

• Research Analyst has served as an officer, director or employee of subject company(ies): No
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Regulatory disclosures

Minerva Capital Research Solutions is an independent investment advisory firm founded by Nishant Gupta(SEBI registration no. INH000018896).

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Rating rationale

Minerva Capital Research Solutions endeavors to provide objective opinions and recommendations. Ratings are assigned to stocks according to their fair value vs current market price and then categorizes them as Buy, Hold, Reduce, Sell. The performance horizon is one year unless specified and fair value is defined as analyst’s valuation for a stock.

• Buy:> 15%
• Hold: -5% to 15%
• Reduce: -15% to -5%
• Sell: <-15%