Benares Hotels Good Results, Atmastco Fund Raise And Techknowgreen Solutions Order
Benares Hotels Ltd.
Recent filing: (GOOD RESULTS) For the quarter ending Dec-24 for Benares Hotels, Sales up 16% YoY from INR 33.61 Cr in Dec-23 to INR 38.9 Cr in Dec-24. Similarly, Net Profit up 20% from INR 11.3 Cr to INR 13.6 Cr. On a QoQ basis, Comparison is not valid.
SUMMARY: 3y Operating Profit uptrend | PE 31.1x (Sector PE range 30-60) | Hotels & Hospitality
FUTURE OUTLOOK: As per Q2FY25 Concall, Company is targeting to achieve INR 100 Cr revenue in the next 3 to 5 years, and company projects revenue growth of 30%-40% due to ongoing and new service offerings.
- MCap of INR 1,205 Crore (share price = INR 9,250 / share) (as on 15th Jan ‘25)
- TTM PE of 31.1x (as on 15th Jan ‘25) Retail float = 27.8% (Sep-24)
FOOD FOR THOUGHT: Highly competitive sector.
Question 1: Who are the promoters of Benares Hotels?
Incorporate in 1971, the Company operates its hotels, viz. Taj Ganges and Nadesar Palace in Varanasi and The Gateway Hotel, Gondia in Maharashtra. It became a subsidiary of The Indian Hotels Company Limited in 2011.
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Atmastco Ltd.
Recent filing: (FUND RAISE) Atmastco announced that Board Meeting to be held on 17-Jan-2025 to consider Fund raise.
SUMMARY: 4y Operating Profit uptrend | 2q Operating Profit uptrend | PE 28.8x (Sector PE range 30-60) | Excellent Sep-24 results | Entry into Defence | Fund raise | Promoter Buying | Institutional entry | EPC
- MCap of INR 701 Crore (share price = INR 284 / share) (as on 15th Jan ‘25)
- TTM PE 28.8x (as on 15th Jan ‘25) Retail float = 20.2% (Sep-24)
FOOD FOR THOUGHT: Highly Competitive sector
Question 1: Who are the promoters of Atmastco Ltd?
Company initially focused on trading steel products, industrial goods, and related items. Over time, it expanded its operations to include commercial activities in the engineering and erection business, broadening its scope and expertise.
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Techknowgreen Solutions Ltd.
Recent filing: (ORDER) Techknowgreen Solutions has secured an INR 3.1 Cr order to be completed by December 9, 2027 from Gargantuan Industrial Space Solutions Pvt. Ltd. for a range of services, including building lifecycle assessment, supply of 6 Yuka Yantra units, dispersion modeling, MEP evaluation for net-zero, GHG inventory (Scope 1, 2, & 3), and carbon net-zero assurance for construction.
SUMMARY: 3y Operating Profit uptrend | PE 27.9x (Sector PE range 30-50) | Ace Investor | Clean Energy
FUTURE OUTLOOK: As per Q2FY25 Concall, Company is targeting to achieve INR 100 Cr revenue in the next 3 to 5 years, and company projects revenue growth of 30%-40% due to ongoing and new service offerings.
- MCap of INR 186 Crore (share price = INR 252 / share) (as on 15th Jan ‘25)
- TTM PE of 27.9x (as on 15th Jan ‘25) Retail float = 20.6% (Sep-24)
FOOD FOR THOUGHT: Highly competitive sector.
Question 1: Who are the promoters of Techknowgreen Solutions?
Techknowgreen Solutions is one of India’s leading environmental consulting Company with 20+ years of experience in executing projects in environment domain. The Company's service offering includes Consulting - both Regulatory compliances and Sustainability (ESG, Environmental due diligence, Environmental Impact assessment, environmental crime investigation etc.), Technology - Process technology and Information Technology (execution of waste-water, air quality, solid waste projects and implementation of proprietary software applications and Apps) and Research and Development - both on Policy and Engineering.
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