An order book totals signed contracts awaiting execution. Divide it by yearly revenue ('book-to-bill' or coverage) to see how many years of work are already secured.
Quality beats size: government orders pay slowly but surely, private orders pay faster but cancel easier. Watch execution (conversion to revenue), not just addition.
Example
A Rs 40,000-crore book on Rs 15,000-crore revenue = 2.7 years of visibility. If quarterly execution stalls, the book is decoration.
In Ticker Screener
Track order-heavy names across results season: tag them, watch execution quarters, and let alerts flag the breakout when numbers confirm.
Frequently asked questions
Order book vs order inflow?
Inflow is new wins this period; book is the cumulative backlog. Inflow accelerates the story, book sustains it.
Related terms
EPS
Earnings per share: the company's yearly profit divided by share count. The 'E' inside P/E.
Market Cap
Price times shares outstanding: the market's price tag for the whole company. Defines large, mid and small caps.
P/E Ratio
Price-to-earnings: what you pay for each rupee or dollar of yearly profit. The starting lens for cheap vs expensive.
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