Taylormade Renewables

Profile Highlights

• Water infrastructure order: The company was executing Andhra Pradesh water infrastructure projects valued at INR 230 Cr., expected to be completed within 1.5 years.
• Build-own-operate plans: The company aims to establish multiple water-treatment plants under a BOO model over the next 5 years.

Key Risks

• Receivables: The profile flags pending payment from the Andhra Pradesh project, with delays attributed to a change in State Government.
• Investment and costs: The BOO model requires substantial upfront investment; higher raw material costs may lower operating margins.

Standard disclosures

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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%