AVG Logistics Order, Salzer Electronics Promoter Buying And BLS International Breakout

AVG Logistics Ltd.

Recent filing: (ORDER) AVG Logistics has secured a major contract with a leading Indian cement company, marking its entry into the growing cement industry. The agreement is expected to add approximately INR 90 Cr to AVG's annual revenue over three years, starting Q3 FY 2025, and will be implemented in phases.

SUMMARY: 4y Operating Profit uptrend | 2q Operating Profit uptrend | PE 22.3x (Sector PE range 10-40) | Fund raise | Fleet expansion | Institutional entry | Promoter buying | Strategic JV | Logistics

FUTURE OUTLOOK: As per Q1FY25 Concall, Company is targeting a revenue of INR 700 Cr for FY25 | Company is anticipating 15-20% organic growth while exploring additional business opportunities in new sectors | Company expecting EBITDA margin guidance for FY25 to be in the range of 18-19%.

• MCap of INR 604 Crore (share price = INR 405 / share) (as on 13th Dec ‘24)
• TTM PE 22.3x (as on 13th Dec ‘24) Retail float = 14.7% (14th Nov-24)

FOOD FOR THOUGHT: The Indian logistics sector is highly fragmented, with both large established companies and numerous small to medium-sized unorganized firms. Global competition further intensifies the market, limiting bargaining power and impacting profit margins.

Question 1: Who are the promoters of AVG Logistics?

Incorporated in 2010, AVG Logistics is a third-party logistics service operator. It offers Full Truck Load and hub-and-spoke transportation model and warehousing services to select clients with the pan-India distribution network and automated technology systems. It offers its customers services in three key areas Transportation, Warehousing and Value-added Services. The Company specializes in two of the most important functions of logistics, Transportation and Warehousing, with over 50 fully computerized branches all over India. Some of the renowned brands are its clients, like Nestle, ITC, Mondelez, GSK, Amara Raja, Airtel, MRF, Mother Dairy, UltraTech Cement, Coca Cola, IGNOU, Patanjali, etc.

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Salzer Electronics Ltd.

Recent filing: (PROMOTER BUYING) Promoter of Salzer Electronics bought 750 shares at INR 1299/share, aggregating to INR 9.7 L.

SUMMARY: 4y Operating Profit uptrend | 7q Operating Profit uptrend | PE 34.6x (Sector PE range 30-60) | Excellent Jun-24 results | New product line | Fund raise | Capacity expansion | Ace Investor | Aggressive Hiring Promoter buying|  | Capital goods (Electrical Equipment) | Railways

• MCap of INR 2,333 Crore (share price = INR 1,315 / share) (as on 13th Dec ’24)
• TTM PE 34.6x (as on 13th Dec ’24) Retail float = 36.9% (Sep-24)

FOOD FOR THOUGHT:  FIIs have reduced stake from 6.1% in Sep-23 to 2.8% in Jun-24.

Question 1: Who are the promoters of Salzer Electronics?

Established in 1985 with German collaboration for Cam operated Rotary switches, Salzer Electronics is the largest Rotary switch manufacturers and suppliers in India having more than 40% market share and serving to all segments in India. The Company has complete range of Cam Operated Rotary switches from 6 Amps to 400 Amps and Rotary switch suppliers to Indian Railways.

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BLS International Ltd.

Recent filing: (BREAKOUT) BLS International has recently given a 3-month breakout.

SUMMARY: 4y Operating Profit uptrend | 7q Operating Profit uptrend | PE 46.1x (Sector PE range 30-60) | Excellent Sep-24 results | Partnerships | Promoter Buying | Acquisition | Institutional Entry | Aggressive Hiring | Travel Services

• MCap of INR 19,242 Crore (share price = INR 468 / share) (as on 13th Dec ‘24)
• TTM PE 46.1x (as on 13th Dec ‘24) Retail float = 10.6% (Sep-24)

FOOD FOR THOUGHT: Diwakar Aggarwal (Promoter) has reduced stake from 8.5% in Mar-23 to 5.8% in Jun-24.

Question 1: Who are the promoters of BLS International?

BLS International Limited is a globally trusted and highly esteemed tech-enabled service partner for governments and citizens.  The company has established itself as one of the top 2 players in the field of visa, passport, consular, and citizen services. Since its establishment in 2005, BLS International has been setting industry benchmarks and delivering comprehensive solutions in various areas, including e-governance, attestation, biometrics, e-visa, and retail services.

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