SPML Infra Ltd~ A turnaround bet in Water Infrastructure industry?

[luckbychance]

@Dhruv_Bajaj

Other player like Wabag & EMS trade at 9-12X EV/EBITDA multiple (2yr forward) therefore valuations do look lucrative however, A) These players have lower risk & better track record warranting higher valuation multiple & B) the execution is the key for any alpha to be generated by SPML.

Wagab & ION are also tech-driven cos and increasingly do less of EPC work… just a food for thought. Both have significant patents to them.