Avantel Order, Electronics Mart India New Store And Gravita India Fund Raise
Avantel Ltd.
Recent filing: (ORDER) Avantel has received a Purchase Order worth INR 44.5 Cr from Larsen & Toubro Limited, for Supply of Satcom Systems, needs to be executed by March 2025.
SUMMARY: 4y Operating Profit uptrend | PE 81.6x (Sector PE range 50-100) | Capacity expansion | Ace Investor | Defence
- Mcap of INR 4,473 Crore (share price = INR 184 / share) (as on 30th Sep ‘24)
- TTM PE 81.6x (as on 30th Sep ‘24) Retail float = 30.3% (Jun-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 ?
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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Electronics Mart India
Recent filing: (NEW STORE) Electronics Mart has commenced the commercial operations of a new Multi Brand Store under the brand name ‘Bajaj Electronics’ at Narsingi, Ranga Reddy District, Telangana.
SUMMARY: 4y Operating Profit uptrend | PE 40.6x (Sector PE range 30-70) | New Stores | Institutional Entry | Consumption
FUTURE OUTLOOK: As per Q1FY25 Con-call, Company plan to open around 25 new stores in FY25, and anticipating a robust double-digit growth in revenue for FY25.
- MCap of INR 7,974 Crore (share price = INR 207/ share) (as on 30th Sep ‘24)
- TTM PE 40.6x (as on 30th Sep ‘24) Retail float = 4% (Jun-24)
FOOD FOR THOUGHT: High competition from e-commerce | Inventory obsolescence risk
Q1. What are the Products and Services offered by Electronics Mart India?
Electronics Mart India Ltd. serves its customers by bringing the latest electronic gadgets at the lowest prices. The company is the 4th largest consumer durable and electronics retailer in India and one of the largest players in the Southern region in revenue terms with dominance in the states of Telangana and Andhra Pradesh.
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Gravita India Ltd.
Recent filing: (FUND RAISE) BoD meeting of Gravita India is scheduled on 04/10/2024 to consider fund raise.
SUMMARY: 2y Operating Profit uptrend | PE 66.5x (Sector PE range 30-50) | Excellent Jun-24 results | Institutional Entry | Acquisition | Capacity expansion | Sustainability and Recycling
FUTURE OUTLOOK: As per Q1FY25 Concall, Company is guiding for a 25% volume growth and a 35% profit growth on a CAGR basis as well as targeting around 60% to 70% capacity utilization for FY25.
- MCap of INR 16,921 Crore (share price = INR 2,451 / share) (as on 30th Sep ‘24)
- TTM PE 66.5x (as on 30th Sep ‘24) Retail float = 14.2% (Jun-24)
FOOD FOR THOUGHT: PE is above sector range.
Q1. What are the Products and Services offered by Gravita India?
Established in 1992, Gravita is one of the largest recyclers of non-ferrous metals in India. It has diversified into Manufacturing, International Trade, Turnkey Solutions in nonferrous metals, Plastics industry and in Information Technology. It has its offices and plants in India, USA, Singapore, Netherland, Sri Lanka, Ghana, Mozambique, Senegal, Tanzania, Jamaica, Mali, Mauritania, and Nicaragua.
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