The company is focused on water supply projects and is benefiting from various government initiatives. VPRPL has a track record of successfully completing projects and has achieved notable growth through a robust order book. The company also has an in-house integrated model that helps it to successfully implement its projects.
However, as VPRPL is in the construction industry, it faces stiff competition and high working capital requirements. There is also the risk of project implementation delays and cost overruns. VPRPL has also reported negative cash flow in recent years, said Anubhuti Mishra, Equity Research Analyst at Swastika Investmart.
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