Arrow Greentech, Radhika Jeweltech And Deep Industries Good to Excellent Results,

Arrow Greentech Ltd.

Recent filing: (GOOD TO EXCELLENT RESULTS) For the quarter ending Sep-24 for Arrow Greentech, Sales up 2.2x YoY from INR 29 Cr in Sep-23 to INR 65 Cr in Sep-24. Similarly, Net Profit up 3.8x from INR 5 Cr to INR 19 Cr. On a QoQ basis, Sales down 2% and Net Profit down 5%.

SUMMARY: 2y Operating Profit uptrend | PE 23.3x (Sector PE range 30-50) | Excellent Sep-24 results | Promoter Buying | Patents | Sustainability & Recycling

FUTURE OUTLOOK: As per Q4FY24 Investor Presentation, Company acquired 3-acre land at Dahej-II Industrial Estate on lease for the expansion of manufacturing activities in Greentech Segment and expects completion within 12 months.

  • MCap of INR 1,252 Crore (share price = INR 830 / share) (as on 29th Oct ‘24)
  • TTM PE 23.3x (as on 29th Oct ‘24) Retail float = 19.1% (Sep-24)

FOOD FOR THOUGHT: Cash Conversion Cycle increased from 121 in Mar-23 to 187 Mar-24.

Question 1: Who are the promoters of Arrow Greentech ?

Arrow Greentech Limited, was incorporated in 1992 with the motto of ensuring a sustainable future through maximum environmental care. It is into manufacturing of bio-degradable products like packaging, embroidery and soap films etc. it has its manufacturing units in India and United Kingdom. The company’s expertise enables it to provide solutions, applications, and management systems in the health, hygiene, packaging, printing and security industries.

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Radhika Jeweltech Ltd.

Recent filing: (GOOD TO EXCELLENT RESULTS) For the quarter ending Sep-24 for Radhika Jeweltech, Sales up 22% YoY from INR 107 Cr in Sep-23 to INR 131 Cr in Sep-24. Similarly, Net Profit up 22% from INR 9 Cr to INR 11 Cr. Comparison is not valid on a QoQ basis.

SUMMARY: 5y Operating Profit Uptrend | Excellent Sep-24 Results | PE 28.1x (Sector PE range 30-70) | Consumption

  • MCap of INR 1,427 Crore (share price = INR 121 / share) (as on 29th Oct ‘24)
  • TTM PE 28.1x (as on 29th Oct ‘24) Retail float = 16.6% (Sep-24)

FOOD FOR THOUGHT: Highly competitive sector.

Question 1: Who are the promoters of Radhika Jeweltech Limited?

Radhika Jeweltech Limited is a leading retailer based out of Rajkot, Gujarat. The company was established in 1987. The company primarily deals in Gold, Diamond and Customized Jewellery. Since inception, the company has served more than 20 Lakhs customers.

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Deep Industries

Recent filing: (GOOD TO EXCELLENT RESULTS) For the quarter ending Sep-24 for Deep Industries, Sales up 30% YoY from INR 101 Cr in Sep-23 to INR 131 Cr in Sep-24. Similarly, Net Profit up 40% from INR 30 Cr to INR 42 Cr. On a QoQ basis, Sales up 7% and Net Profit up 8%.

SUMMARY: 4y Operating Profit uptrend | 2q Operating Profit uptrend | PE 20.3x (Sector PE range 10-30) | Excellent Sep-24 Results | JVs | Acquisition | Order Book of INR 2,622 Cr (Sep-24) (5.7x times of TTM Revenue) | Oil & Gas

FUTURE OUTLOOK: As per Q4 FY24 Concall, Company targeting a minimum of 25% revenue growth in FY25, expecting margin improvement in EBITDA from 42% to 45% in FY25.

  • MCap of INR 2,802 Crore (share price = INR 438 / share) (as on 29th Oct ‘24)
  • TTM PE 20.3x (as on 29th Oct ‘24) Retail float = 16.6% (Sep-24)

FOOD FOR THOUGHT: Majority of orderbook is from ONGC / ONGC-led consortium

Question 1: Who are the promoters of Deep Industries?

Deep Industries Ltd. is specialized in providing Air & Gas Compression Services, Drilling and Workover Services, Gas Dehydration Services, and also having expertise in Integrated Project Management Services. It provides various equipment and services under rental and chartered-hire basis.

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