Teerth Gopicon Limited
Teerth Gopicon Limited is an EPC company and is engaged in the business of road construction, sewerage and water supply in Madhya Pradesh
About Company
Teerthi Gopicon Limited: Pioneering Infrastructure Development
Teerthi Gopicon Limited ("TGL") is a name that has become synonymous with quality and excellence in the field of civil engineering and construction. Established with a vision to contribute significantly to nation-building, TGL has carved a niche for itself as a leading engineering, procurement, and construction ("EPC") contractor. With a commitment to delivering projects that surpass expectations, TGL has earned a reputation for its meticulous approach to planning, execution, and delivery.
Who is Teerthi Gopicon Limited?
TGL is an ISO 9001:2015 certified company that has made its mark as an all-class civil and electrical contractor. The company has a rich history of working with various central and state government departments, including ISCDL, IMC, USCL, UMC, and MPJNM, among others. TGL's expertise is not limited to government projects; it has also undertaken significant building works for the private sector, showcasing its versatility and capability to handle diverse projects.
What Sets TGL Apart?
The cornerstone of TGL's success lies in its comprehensive service offerings. As an EPC contractor, TGL provides detailed engineering, procurement of construction materials, plant and machinery, and ensures the construction and execution of projects are up to the highest standards. The company's operational excellence is evident in its ability to manage projects from inception to operation and maintenance, adhering strictly to contractual provisions.
TGL's Impressive Portfolio
TGL's portfolio is a testament to its experience and creativity. The company has successfully delivered a wide range of civil engineering projects, including building construction, water supply systems, pipeline installations, sewerage networks, treatment plants, and road works. One of TGL's notable achievements is the rejuvenation of lakes, which underscores its commitment to sustainable development.
A Glimpse into TGL's Recent Endeavors
Recently, TGL has been in the news for its initial public offering (IPO), which opened for public subscription. The IPO aims to raise funds for the company's expansion plans and to bolster its working capital requirements. The enthusiastic response from investors on the first day of bidding reflects the market's confidence in TGL's growth trajectory and its potential for delivering value.
TGL's Commitment to Its Workforce
At the heart of TGL's operations is its dedicated workforce. The company prides itself on employing over 300 workers, including women, and fostering an inclusive work environment. TGL's management team is a blend of experience and innovation, steering the company towards new horizons while staying grounded in its core values of dedication and devotion.
Looking Ahead
As TGL continues to expand its footprint in the realm of civil engineering and construction, it remains devoted to its mission of nation-building. With each project, TGL reaffirms its commitment to quality, safety, and sustainability, ensuring that its legacy of excellence endures for generations to come.
Company Financials
IPO Timeline (Tentative Timetable)
Issue Open Date: April 8, 2024
The IPO for Teerthi Gopicon Limited opened on April 8, 2024
Issue Close Date: April 10, 2024
The issue will close shortly after, on April 10, 2024.
Allotment Finalization: April 11, 2024
Following the close of the IPO, the allotment of shares will be finalized on April 11, 2024. This crucial step determined the number of shares allocated to each investor, based on the bids received during the open period.
Refund Initiation: April 14, 2024
For those investors who did not receive an allotment or chose to withdraw their bids, the refund process will begin on April 14, 2024. The refund process is typically a 7-10 day procedure, ensuring that investors receive their funds in a timely manner.
Demat Transfer: April 14, 2024
Simultaneously with the initiation of refunds, the Demat transfer of allotted shares will take place on April 14, 2024. This step is essential for investors to receive the shares in their Demat accounts, making them official shareholders of Teerthi Gopicon Limited.
Listing Date: April 15, 2024
The culmination of the IPO process will be the listing of Teerthi Gopicon Limited's shares on the stock exchange on April 15, 2024. This event marked the beginning of public trading, allowing shareholders to buy and sell the company's shares freely on the open market.
IPO Details
Competitive Strength
Teerthi Gopicon Limited's Competitive Strengths: A Comprehensive Analysis
Teerthi Gopicon Limited ("TGL"), an emerging name in the engineering construction and development sector, has been making waves with its recent Initial Public Offering ("IPO") and the robust growth trajectory it has charted in the infrastructure domain. This detailed blog post aims to dissect and analyze the competitive strengths that set TGL apart in the highly competitive construction industry.
1. Strong Market Presence in Madhya Pradesh
TGL has established a formidable presence in Madhya Pradesh, primarily focusing on the construction of roads, sewerage work, and water distribution projects. The company's deep penetration in this region has not only garnered a strong client base but also ensured a steady stream of projects, contributing to its financial stability and growth.
2. Specialization in Water Supply Projects ("WSP"):
As a focused player in Water Supply Projects, TGL has carved out a niche for itself. This specialization has allowed the company to build expertise and efficiency in this segment, which is evident from the significant portion of its order book dedicated to WSPs.
3. Equipment Ownership Focus:
TGL's strategy to own its equipment rather than relying on rentals or leases gives it an edge in terms of operational readiness and cost-effectiveness. This approach ensures that the company can mobilize resources swiftly and maintain control over project timelines and quality.
4. Robust Order Book:
A clear indicator of TGL's competitive strength is its robust order book, which stood at Rs. 1140.34 cr. as of January 31, 2024. This not only reflects the company's ability to secure large-scale projects but also provides visibility into its revenue streams and future growth prospects.
5. Strong Relationships with Suppliers:
TGL's well-established network and relationships with suppliers afford it better negotiating power and access to high-quality materials. This is a crucial factor in maintaining project quality and adhering to schedules, thereby enhancing client satisfaction and repeat business.
6. Proven Track Record of Timely Project Completion:
The company's extensive experience in managing and completing projects within budget and on time is a testament to its operational excellence. This reliability is a significant competitive advantage in an industry where delays can lead to cost overruns and client dissatisfaction.
7. Diverse Project Portfolio:
TGL's project portfolio is diverse, ranging from building construction work to complex water supply systems and sewage treatment plants. This diversification helps mitigate risks associated with market fluctuations and client concentration.
8. Strategic Subcontracting Assignments:
By taking on subcontracting assignments, TGL has been able to expand its project scope and leverage opportunities that might otherwise be beyond its reach. This strategy has also enabled the company to build relationships with larger players in the industry.
9. Commitment to Innovation and Quality:
TGL's commitment to innovation and quality is evident in its adoption of modern construction techniques and adherence to industry best practices. This dedication not only improves efficiency but also positions the company as a preferred contractor for clients seeking high-quality infrastructure development.
10. Financial Performance:
Despite some inconsistencies in its financial performance in the past, TGL's recent super earnings and the successful launch of its IPO indicate a strong financial footing. The company's transparent financial disclosures and the market's positive response underscore investor confidence in its growth narrative.
In conclusion, Teerthi Gopicon Limited's competitive strengths lie in its strategic market focus, specialized expertise, operational efficiencies, and financial robustness. As the company continues to navigate the dynamic infrastructure sector, these strengths will undoubtedly play a pivotal role in its journey towards becoming a leading player in the construction and development industry.
Company's Past Financial Performance
Teerth Gopicon Limited: A Three-Year Financial Performance Review
Teerth Gopicon Limited, an ISO 9001:2015 certified company, is renowned for its expertise in EPC contracting and civil engineering projects1. This blog will delve into the company’s financial performance over the past three years, with a particular focus on revenue and profit.
Financial Year Ending March 2022
The financial year ending on 31 March, 2022, saw Teerth Gopicon Limited achieve a revenue turnover in the range of INR 1 crore to 100 crores2. The net worth of the company increased by 5.68%2, indicating a positive growth trajectory.
Financial Year Ending March 2023
In the subsequent financial year ending March 2023, the company demonstrated significant growth. The Return on Capital Employed (ROCE) was 12.4%, a substantial increase from the previous year’s 1%3. This indicates that the company was able to use its capital efficiently to generate profits.
Sales YoY grew by 25.4%, and the Adjusted Earnings Per Share (EPS) saw a whopping increase of 1079%3. The Book Value Per Share (BVPS) also grew by 29.4%3, reflecting the increasing intrinsic value of the company.
Current Financial Year
The current financial year’s data is yet to be fully compiled and released. However, the company’s performance in the first two quarters has been promising, continuing the upward trend observed in the previous years.
Conclusion
Over the past three years, Teerth Gopicon Limited has shown a consistent growth in revenue and profit. The significant increase in ROCE and EPS, along with the growth in sales and BVPS, indicates a strong financial performance. The company’s upward trajectory suggests a promising future, making it a potential contender in the EPC contracting and civil engineering sector.