Avantel Excellent Results, Ceigall India Order And Sahasra Electronics Bulk Deal
Avantel Ltd.
Recent filing: (EXCELLENT RESULTS) For the quarter ending Sep-24 for Avantel, Sales up 43% YoY from INR 54 Cr in Sep-23 to INR 77 Cr in Sep-24. Similarly, Net Profit up 44% from INR 16 Cr to INR 23 Cr. On a QoQ basis, Sales up 48% and Net Profit up 3.3x.
SUMMARY: 6y Operating Profit uptrend | 1q Operating Profit uptrend PE 74.6x (Sector PE range 50-100) | Excellent Sep-24 results | Capacity expansion | Ace Investor | Defence
- Mcap of INR 4,605 Crore (share price = INR 189 / share) (as on 7th Oct ‘24)
- TTM PE 74.6x (as on 7th Oct ‘24) Retail float = 32.5% (Sep-24)
FOOD FOR THOUGHT: Revenue concentration (63% from top 3 clients in defence sector and SATCOM industry) | Promoter selling (INR 90L in Feb-24)
Q1. What are the Products and Services offered by Avantel Ltd?
Established in 1990, Avantel specializes in RF/microwave subsystems, digital radios, and satellite communication systems, and offers related software solutions and services. It supplies mainly to defence establishments and allied departments in the public and private sectors.
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Ceigall India Ltd.
Recent filing: (ORDER) Ceigall India has received a Letter of Intent for a project worth INR 143 Cr for the development of the Kanpur Central bus terminal on a Design, Build, Finance, Operate, and Transfer (DBFOT) basis from the Uttar Pradesh State Road Transport Corporation (UPSRTC). The project is to be executed within 2 years.
SUMMARY: 4y Operating Profit uptrend | PE 19.7x (Sector PE range 10-50) | Orderbook = INR 9471 Cr (as of Jun-24) (2.9x of TTM Revenue) | Infrastructure
FUTURE OUTLOOK: As per Q1FY25 Concall, Management is hoping that the company will make a proper effort to report same level of growth during FY25.
- MCap of INR 6,689 Crore (share price = INR 384 / share) (as on 7th Oct ‘24)
- TTM PE 19.7x (as on 7th Oct ‘24) Retail float = 8.9% (6th Aug 2024)
FOOD FOR THOUGHT: Negative operating Cashflows for FY24.
Q1. What are the Products and Services offered by Ceigall India?
Company is an infrastructure construction company with experience in undertaking specialized structural works such as elevated roads, flyovers, bridges, Railway over bridges (ROB), tunnels, highways, expressways and runways.
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Sahasra Electronics Sahara Ltd
Recent filing: (BULK DEAL) Ankush Kedia bought 2L shares of Sahasra Electronics Sahara Economic Solutions at INR 541/share, aggregating to INR 11 Cr. Vinod Kumar bought 1.8L shares at INR 538/share, aggregating to INR 9.6 Cr.
SUMMARY: 1y Operating Profit uptrend | PE 22.8x (Sector PE range 50-100) | IPO | EMS
- MCap of INR 743 Crore (share price = INR 593 / share) (as on 7th Oct ‘24)
- TTM PE 22.8x (as on 7th Oct ‘24) Retail float = NA
FOOD FOR THOUGHT: Highly competitive sector.
Q1. What are the Products and Services offered by Sahasra Electronics Sahara?
Company was conceived in the year 2000, the new millennium and since then has been one of the most successful and fastest growing electronic companies in India. The group comprises of 6 businesses providing end-to-end electronic solutions from design to manufacturing to distribution. With 4 manufacturing plants situated in the NCR, India, one manufacturing plant in Rwanda, Africa and 8 sales & marketing offices in India, USA, Canada, Africa & Europe the group has emerged as the leading exporter of electronic products and services.
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