Added to YB: 2026-04-16
Pitch date: 2026-03-02
DUR.AX [neutral]
Duratec Limited
+36.24%
current return
Author Info
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Company Info
Duratec Limited, together with its subsidiaries, engages in the provision of assessment, protection, remediation, and refurbishment services to a range of assets primarily for steel and concrete infrastructure in Australia.
Market Cap
AUD 729.7M
Pitch Price
AUD 2.08
Price Target
N/A
Dividend
1.50%
EV/EBITDA
16.96
P/E
32.33
EV/Sales
1.26
Sector
Construction and Engineering
Category
growth
A Profitable ASX Stock Positioned To Gain From Increasing Defence Expenditure
DUR.AX (overview): Mining, infrastructure & defence contractor w/ 25% gross profit from Defence projects. H1 FY26 rev -5%, EPS +1.5% to 5.25c. Awaits $0.5B in govt contracts at HMAS Stirling naval base for nuclear sub prep. Net cash $38M. Analysts est $28.35M NPAT FY26 (14% H2 growth needed). Trades 21x P/E at $2.10 if conservative 10c EPS. Quality biz but fully valued; lumpy growth & contract timing risk. Potential tailwinds from rising Aus defence spend.
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