<h3>Gensol Engineering</h3>Recent filing: (NEW PROJECT) A consortium led by Matrix Gas & Renewables Ltd., along with Gensol Engineering Ltd., Indian Institute of Technology Bhubaneswar, and Metsol AB (Sweden), will develop India's first and largest Green Steel production facility, using 100% Green Hydrogen under the National Green Hydrogen Mission. The 50 TPD plant, supported by MECON, the Ministry of Steel, and MNRE, will utilize DRI vertical shaft technology to produce sponge iron with zero CO₂ emissions, replacing fossil fuels. The project, with an estimated capex of INR 321 Crore, is backed by 50% government incentives and aims to drive sustainable steel production in India.(SUBSIDIARY INCORPORATION) Company has incorporated three new wholly-owned subsidiaries—Hari Shakti Energy Private Limited, Innogrid Energy Private Limited, and Shakti Sangini Energy Private Limited—to carry out the business of generating, developing, accumulating, producing, manufacturing, processing, and distributing all forms of power or electrical energy, including wind, solar, renewable energy, and battery storage.SUMMARY: 5y Operating Profit uptrend | 6q Operating Profit uptrend | PE 51.8x (Sector PE range 50-90) | Fund raise | Institutional entry | Geographical Expansion | Large Orders | Orderbook of INR 9,055 Cr (Sep-24) (8x of TTM revenue) | Acquisitions | Promoter Buying | Solar + EVFUTURE OUTLOOK: As per Q1FY25 Concall, Company had projected revenue guidance of INR 2,000 crore for FY25, a 2.1x increase from the FY24 revenue of INR 963 Cr | Consolidated EBITDA guidance for FY25 set at worth of INR 400 Cr.<ul><li>MCap of INR 3,021 Crore (share price = INR 798 / share) (as on 22nd Oct ‘24)</li><li>TTM PE of 51.8x (as on 22nd Oct ‘24) Retail float = 22.3% (Sep-24)</li></ul>FOOD FOR THOUGHT: Leveraged capital structure attributed to debt funded acquisition of EVs for leasing to Blu-SmartCompany Description: Gensol is involved in the business of solar consulting & EPC. It provides concept to commissioning solar advisory, execution and operation services for solar projects in India and abroad. Expanding its operations, Gensol has also established an EV manufacturing facility in Pune, India, for the development and production of electric three wheelers and four wheelers. Alongside, Gensol offers comprehensive EV leasing solutions and is serving leading ride-hailing players with its buy-and-lease package of EV cars.
 Discover Stocks for free in Sovrenn Discovery - <a href="https://www.sovrenn.com/discovery/Large%20Order%20Receipts" action="_blank">Large Order Bucket</a><h3>E2E Networks Ltd.</h3>Recent filing: (GOOD TO EXCELLENT RESULTS) For the quarter ending Sep-24 for E2E Networks, Sales up 2.2x YoY from INR 22 Cr in Sep-23 to INR 47.6 Cr in Sep-24. Similarly, Net Profit up 2x from INR 6 Cr to INR 12.1 Cr. On a QoQ basis, Sales up 16% and Net Profit up 21%.SUMMARY: 5y Operating Profit uptrend | 7q Operating Profit uptrend | PE 167x (Sector PE range 50-100) | Excellent Sep-24 Results | Fund Raise | Promoter Buying | Ace Investor | Institutional Buying | Capacity expansion for Data Centers | New Age IT | Data Center<ul><li>MCap of INR 5,246 Crore (share price = INR 3,622 / share) (as on 22nd Oct ‘24)</li><li>TTM PE of 167x (as on 22nd Oct ‘24) Retail float = 17.1% (Jun-24)</li></ul>FOOD FOR THOUGHT: PE is above sector range.Company Description: E2E Networks is the 6th largest IAAS platform in India. It began its journey in 2009 as a contract-less computing player targeting the value conscious segment of customers, especially startups. Currently, E2E Networks is the largest NSE listed Cloud Infrastructure Provider having served more than 15,000 customers and having thousands of active customers.
 Now get chance to learn investing for free at <a href="https://www.sovrenn.com/education" action="_blank">Sovrenn Education</a><h3>Avantel Ltd.</h3>Recent filing: (FUND RAISE) Board meeting of Avantel to be held on 24th Oct ’24 to consider fund raise.SUMMARY: 6y Operating Profit uptrend | 1q Operating Profit uptrend PE 67x (Sector PE range 50-100) | Excellent Sep-24 results | Capacity expansion | Ace Investor | Defence<ul><li>Mcap of INR 4,132 Crore (share price = INR 170 / share) (as on 22nd Oct ‘24)</li><li>TTM PE 67x (as on 22nd Oct ‘24) Retail float = 32.5% (Sep-24)</li></ul>FOOD FOR THOUGHT: Revenue concentration (63% from top 3 clients in defence sector and SATCOM industry) | Promoter selling (INR 90L in Feb-24)Company Description: 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.

Sovrenn Daily News - 22nd Oct 2024

<h2>Tirupati Forge Ltd.</h2>Recent filing: (FUND RAISE) BoD of <a href="https://www.sovrenn.com/discovery/curated-bulk-deals/tirupati-forge-ltd">Tirupati Forge</a> approved the issuance of 1.5 Cr equity shares and 1.2 Cr warrants at INR 32/each aggregating to INR 86.4 Cr. Subscribers include Sandeep Kapadia, Rakesh Laroia, etc. With the company planning large scale capacity expansion, the proceeds will be largely utilized in capex towards land acquisition and plant &amp; machinery amongst others.SUMMARY: 1y Operating Profit uptrend | 1q Operating Profit uptrend | PE 47.1x (Sector PE range 30-60) | Fund raise | Institutional Entry | <a href="https://www.sovrenn.com/nested/Star%20Investors">Ace Investor</a> | <a href="https://www.sovrenn.com/discovery/capacity-expansions-&amp;-new-product-launches/tirupati-forge-ltd">Capacity Expansion</a> | <a href="https://www.sovrenn.com/discovery/capital-goods/tirupati-forge-ltd">Capital Goods – Non-Electrical Equipment</a><ul><li>MCap of INR 381 Crore (share price = INR 36.8 / share) (as on 21st Oct ‘24)</li><li>TTM PE of 47.1x (as on 21st Oct ‘24) Retail float = 32.2% (Sep-24)</li></ul>FOOD FOR THOUGHT: Highly Competitive sector<h3>Q1. What are the Products and Services offered by Tirupati Forge?</h3>Incorporated in 1992, Tirupati Forge is engaged in the manufacturing and exporting of forged and machined components like auto components, bearings, gear, flanges etc. It is also engaged in trading of casting productsInvesting has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at <a href="https://www.sovrenn.com/education">Sovrenn Education</a>&nbsp;<h2>Tejas Networks Ltd</h2>Recent filing: (EXCELLENT RESULTS) For the quarter ending Sep-24 for <a href="https://www.sovrenn.com/discovery/excellent-results-(sep-24)/tejas-networks-ltd">Tejas Networks</a>, Sales up 7.1x YoY from INR 396 Cr in Sep-23 to INR 2811 Cr in Sep-24. Similarly, Net Profit up from loss of INR 13 Cr to profit of INR 275 Cr. On a QoQ basis, Sales up 80% and Net Profit up 3.6x.SUMMARY: 3y Operating Profit uptrend | Excellent Sep-24 results | PE 48.7x (Sector PE range 30-60) | 5G<ul><li>MCap of INR 22,163 Crore (share price = INR 1,294 / share) (as on 21st Oct ‘24)</li><li>TTM PE 48.7x (as on 21st Oct ‘24) Retail float = 13.7% (Sep-24)</li></ul>FOOD FOR THOUGHT: Negative operating cashflow for FY24.<h3>Q1. What are the Products and Services offered by Tejas Networks?</h3>Tejas Networks designs and manufactures high-performance wireline and wireless networking products for telecommunications service providers, internet service providers, utilities, defence and government entities in over 75 countries. Tejas Networks Ltd. is a part of the Tata Group, with Panatone Finvest Ltd. (a subsidiary of Tata Sons Pvt. Ltd.) being the majority shareholder.Finding multibagger stocks is important for building wealth. Discover potential multibaggers at&nbsp;<a href="https://sovrenn.com/discovery">Sovrenn Discovery</a><h2>Anand Rathi Wealth Ltd</h2>Recent filing: (GOOD TO EXCELLENT RESULTS) For the quarter ending Sep-24 for Anand Rathi Wealth, Sales up 32% YoY from INR 183 Cr in Sep-23 to INR 242 Cr in Sep-24. Similarly, Net Profit up 31% from INR 58 Cr to INR 76 Cr. On a QoQ basis, Sales up 2% and Net Profit up 4%.SUMMARY: 4y Operating Profit uptrend | 2q Operating Profit uptrend | <a href="https://www.sovrenn.com/discovery/excellent-results-(sep-24)/anand-rathi-wealth-ltd">Excellent Sep-24 results</a> | PE 65.7x (Sector PE range 30-50) | Financial ServicesFUTURE OUTLOOK: Company has revised its revenue guidance to INR 980 crores from INR 910 crores, and PAT guidance from INR 280 crores to INR 295 crores. Management remains focused on a long-term growth trajectory, targeting an annual growth rate of 20-25% over the&nbsp;next&nbsp;decade.<ul><li>MCap of INR 17,334 Crore (share price = INR 4,137/ share) (as on 21st Oct ‘24)</li><li>TTM PE 65.7x (as on 21st Oct ‘24) Retail float = 16.8% (Sep-24)</li></ul>FOOD FOR THOUGHT: PE is above sector range.<h3>Q1. What are the Products and Services offered by Anand Rathi Wealth?</h3>Company provides a wide range of Investment Services across asset classes, as well as Private Wealth, Institutional Equities, Investment Banking, Insurance Broking, and NBFC.Also Read: <a href="https://www.sovrenn.com/knowledge/rpp-infra-projects-order-bls-international-acquisition-and-bondada-engineering-fund-raise">RPP Infra Projects Order, BLS International Acquisition And Bondada Engineering Fund Raise</a>

Explore the latest financial highlights with Tirupati Forge's successful fundraising, Tejas Networks achieving excellent results, and Anand Rathi Wealth delivering good to excellent performance. Stay informed on market trends and investment opportunities.

Tirupati Forge Fund Raise, Tejas Networks Excellent Results And Anand Rathi Wealth Good to Excellent Results

<h2>RPP Infra Projects</h2>Recent filing: (ORDER) <a href="https://www.sovrenn.com/discovery/preferential-issuance/rpp-infra-projects">RPP Infra Projects</a> has secured new orders worth INR 35.6 Cr, including INR 28.3 crores for a 7MLD water conveyance system (with a 18-month timeline) at Kelavarapalli, Hosur, and INR 7.4 crores for internal water supply in SIPCOT Industrial Park, Shoolagiri (with a 10-month timeline). The company has a work order backlog of INR 3559 Cr as of October 16, 2024.SUMMARY: 3y Operating Profit uptrend | 1q Operating Profit uptrend | PE 16x (Sector PE range 10-50) | Orderbook of INR 3,559 Cr (16th of Oct-24) (2.5x of TTM revenue) | <a href="https://www.sovrenn.com/discovery/infrastructure/rpp-infra-projects">Infrastructure</a><ul><li>MCap of INR 997 Crore (share price = INR 201 / share) (as on 18th Oct ‘24)</li><li>TTM PE 16x (as on 18th Oct ‘24) Retail float = 21.9% (Jun-24)</li></ul>FOOD FOR THOUGHT: Single digit operating profit margin for FY24<h3>Q1. What are the Products and Services offered by RPP Infra Projects</h3>Established in 1988, RPP Infra Projects Limited is a construction company operating in the Power, Irrigation and Water supply, Industrial structure, Roads and Buildings. Company’s focus is on small government projects as short to medium tenure projects provides adequate revenue visibility.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at <a href="https://www.sovrenn.com/education">Sovrenn Education</a>&nbsp;<h2>BLS International Ltd.</h2>Recent filing: (ACQUISITION) <a href="https://www.sovrenn.com/discovery/breakout/bls-international-ltd">BLS International</a> has successfully acquired a 51% stake in SLW Media, a leading sports management company in the golf industry. This acquisition strengthens BLS International's position as a global lifestyle brand, combining premium leisure experiences with its expertise in government and travel services. The synergy between golf events and BLS's visa and consular services offers a unique value proposition for high-net-worth individuals and corporate clients, enhancing the company's reputation for luxury and exclusivity.SUMMARY: 4y Operating Profit uptrend | 7q Operating Profit uptrend | PE 43.4x (Sector PE range 30-60) | <a href="https://www.sovrenn.com/discovery/excellent-results-(jun-24)/bls-international-ltd">Excellent Jun-24 results</a> | Partnerships | <a href="https://www.sovrenn.com/discovery/promoter-buying">Promoter Buying</a> | <a href="https://www.sovrenn.com/discovery/jv-partnerships-acquisitions/bls-international-ltd">Acquisition</a> | Institutional Entry | Aggressive Hiring | <a href="https://www.sovrenn.com/discovery/hotel-hospitality-and-travel/bls-international-ltd">Travel Services</a><ul><li>MCap of INR 15,576 Crore (share price = INR 378 / share) (as on 18th Oct ‘24)</li><li>TTM PE 43.4x (as on 18th Oct ‘24) Retail float = 10.3% (Jun-24)</li></ul>FOOD FOR THOUGHT: Diwakar Aggarwal (Promoter) has reduced stake from 8.5% in Mar-23 to 5.8% in Jun-24.<h3>Q1. What are the Products and Services offered by BLS International ?</h3>BLS International Limited is a globally trusted and highly esteemed tech-enabled service partner for governments and citizens. &nbsp;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.Finding multibagger stocks is important for building wealth. Discover potential multibaggers at&nbsp;<a href="https://sovrenn.com/discovery">Sovrenn Discovery</a><h2>Bondada Engineering Ltd.</h2>Recent filing: (FUND RAISE) Board meeting of <a href="https://www.sovrenn.com/prime/bondada-engineering">Bondada Engineering</a> is scheduled to be held on October 22, 2024 to consider fund raise of an aggregate amount of INR 500 Cr.SUMMARY: 3y Operating Profit uptrend | 3h Operating Profit uptrend | PE 138x (Sector PE range 30-50) | <a href="https://www.sovrenn.com/discovery/excellent-results-(mar-24)/bondada-engineering-ltd">Excellent Mar-24 results</a> | <a href="https://www.sovrenn.com/discovery/preferential-issuance/bondada-engineering-ltd">Fund Raise</a> | <a href="https://www.sovrenn.com/discovery/large-order-receipts/bondada-engineering-ltd">Large Order</a> | Orderbook of INR 3,500 Cr (as of 30 Aug 2024) (4.4x of TTM revenue) | 5G+Solar <a href="https://www.sovrenn.com/discovery/infrastructure/bondada-engineering-ltd">Infrastructure</a>FUTURE OUTLOOK: As per the Zee Business Interview, Management expects to double its revenue and net profit in FY25. It has also given the guidance of INR 4,000 Cr of revenue by FY27, which is a 5x growth over 3 years and expects a PAT of INR 300-340 Cr.<ul><li>MCap of INR 6,176 Crore (share price = INR 572 / share) (as on 18th Oct ’24)</li><li>TTM PE of 138x (as on 18th Oct ’24) Retail float = 13.6% (Jun-24)</li></ul>FOOD FOR THOUGHT: PE is above sector range.<h3>Q1. What are the Products and Services offered by Bondada Engineering ?</h3>Bondada is an infrastructure company that specializes in offering engineering, procurement, and construction (EPC) services, as well as operations and maintenance (O&amp;M) services to clients in the telecom and solar energy sectors across India. Its expertise encompasses core design and engineering, with a focus on passive telecom infrastructure services such as construction, operation and maintenance of telecom towers, optical fiber cables and related infrastructure.Also Read: <a href="https://www.sovrenn.com/knowledge/aditya-birla-money-excellent-results-titagarh-rail-systems-bulk-deal-and-pg-electroplast-fund-raise">Aditya Birla Money Excellent Results, Titagarh Rail Systems Bulk Deal And PG Electroplast Fund Raise</a>

Get insights on RPP Infra Projects' latest order win, BLS International's recent acquisition, and Bondada Engineering's successful fund raise. Discover the key details and industry impact.

RPP Infra Projects Order, BLS International Acquisition And Bondada Engineering Fund Raise

<h2>Aditya Birla Money Ltd</h2>Recent filing: (EXCELLENT RESULTS) For the quarter ending Sep-24 for Aditya Birla Money, Sales up 31% YoY from INR 96 Cr in Sep-23 to INR 126 Cr in Sep-24. Similarly, Net Profit up 2.3x from INR 12 Cr to INR 27 Cr. On a QoQ basis, Sales up 7% and Net Profit up 69%.SUMMARY: 7y Operating Profit uptrend | 7q Operating Profit uptrend | <a href="https://www.sovrenn.com/discovery/excellent-results-(sep-24)/aditya-birla-money-ltd">Excellent Sep-24 results</a> | PE 13.2x (Sector PE range 20-50) | Financial Services<ul><li>MCap of INR 982 Crore (share price = INR 174 / share) (as on 17th Oct ‘24)</li><li>TTM PE 13.2x (as on 17th Oct ‘24) Retail float = 21.9% (Sep-24)</li></ul>FOOD FOR THOUGHT: Designated person sold 27 worth of shares in May ‘24.<h3>Q1. What are the Products and Services offered by Aditya Birla Money?</h3>Company Offers a wide range of solutions including&nbsp;stock broking, portfolio management services, depository and e-insurance repository solutions and distribution of other financial products.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at <a href="https://www.sovrenn.com/education">Sovrenn Education</a>&nbsp;<h2>Titagarh Rail Systems Ltd.</h2>Recent filing: (BULK DEAL) Smallcap World Fund sold 7.9L shares of <a href="https://www.sovrenn.com/prime/titagarh-rail-systems-limited">Titagarh Rail Systems</a> at INR 1120/share, aggregating to INR 88.6 Cr. Morgan Stanley bought 7.6L shares at INR 1120/share, aggregating to INR 88.55 Cr.SUMMARY: 5y Operating Profit uptrend | PE 54.1x (Sector PE range 40-70) | <a href="https://www.sovrenn.com/discovery/preferential-issuance/titagarh-rail-systems-ltd">Fund raise</a> | Institutional entry | New Products | <a href="https://www.sovrenn.com/discovery/capacity-expansions-&amp;-new-product-launches/titagarh-rail-systems-ltd">Capacity Expansion</a> | <a href="https://www.sovrenn.com/discovery/jv-partnerships-acquisitions/titagarh-rail-systems-ltd">Partnerships </a>| <a href="https://www.sovrenn.com/discovery/railways/titagarh-rail-systems-ltd">Railways</a><ul><li>MCap of INR 15,891 Crore (share price = INR 1,180 / share) (as on 17th Oct ‘24)</li><li>TTM PE 54.1x (as on 17th Oct ‘24) Retail float = 21.2% (Jun-24)</li></ul>FOOD FOR THOUGHT: Risk of price fluctuations in key raw materials (steel and related products)<h3>Q1. What are the Products and Services offered by Titagarh Rail Systems?</h3>Company caters to passenger rolling stock including trains range expands to include electric propulsion equipment such as traction motors and vehicle control systems. Titagarh also designs and manufactures wagons such as container flats grain hoppers, cement wagons, clinker wagons tank wagons.Finding multibagger stocks is important for building wealth. Discover potential multibaggers at&nbsp;<a href="https://sovrenn.com/discovery">Sovrenn Discovery</a><h2>PG Electroplast Ltd.</h2>Recent filing: (FUND RAISE) Board meeting of <a href="https://www.sovrenn.com/prime/pg-electroplast-limited">PG Electroplast</a> is scheduled to be held on October 19, 2024 to consider fund raise.SUMMARY: 4y Operating Profit uptrend | 3q Operating Profit uptrend | PE 85x (Sector PE range: 50-100) | <a href="https://www.sovrenn.com/discovery/excellent-results-(mar-24)/pg-electroplast-ltd">Excellent Jun-24 results</a> | Acquisition | Capacity expansion | <a href="https://www.sovrenn.com/discovery/preferential-issuance/pg-electroplast-ltd">Fund raise</a> | Institutional Entry | <a href="https://www.sovrenn.com/discovery/promoter-buying/pg-electroplast-ltd">Promoter Buying</a> | <a href="https://www.sovrenn.com/discovery/ems/pg-electroplast-ltd">EMS</a>FUTURE OUTLOOK: As per Q1FY25 Investor Presentation, Management has provided revenue guidance of at least INR 3,650 Cr in FY25, which is a 32.9% growth over FY24 | Company has given a net profit guidance of INR 216 Cr, which is a growth of 57.7% over FY24.<ul><li>MCap of INR 15,695 Crore (share price = INR 600 / share) (as on 17th Oct ’24)</li><li>TTM PE 85x (as on 17th Oct ’24) Retail float = 14.4% (Jul-24)</li></ul>FOOD FOR THOUGHT: Working capital intensive business.<h3>Q1. What are the Products and Services offered by PG Electroplast ?</h3>PG Electroplast is an end-to-end solutions provider for product design and final product assemblies for products like Air Conditioners, Washing Machines, LED Televisions, Air Coolers, and much more. The company currently caters to both ODM and OEM demand, with a continuous focus on delivering the highest standards of quality.Also Read: <a href="https://www.sovrenn.com/knowledge/tembo-global-industries-power-purchase-agreement-dynacons-systems-and-solutions-appraisal-and-td-power-systems-order">Tembo Global Industries Power Purchase Agreement, Dynacons Systems &amp; Solutions Appraisal And TD Power Systems Order</a>

Aditya Birla Money  Excellent Results, Titagarh Rail Systems Bulk Deal And PG Electroplast Fund Raise

<h2>Tembo Global Industries Ltd</h2>Recent filing: Tembo Global has secured its first Power Purchase Agreement (PPA) with the Maharashtra state government for a 124 MW solar power project, valued at approximately INR 595 Cr. The project, aimed at boosting the company’s commitment to sustainable energy, is expected to be completed within 18 months, with the PPA extending for 25 years post-completion. This marks the company's strategic expansion into renewable energy, complementing its expertise in sectors like oil, gas, chemicals, and construction to meet growing clean energy demands.SUMMARY: 5y Operating Profit uptrend | 1q Operating Profit uptrend | PE 30.1x (Sector PE range 30-60) | <a href="https://www.sovrenn.com/discovery/large-order-receipts">Large Order </a>| Fund raise | Institutional Entry | <a href="https://www.sovrenn.com/discovery/promoter-buying">Promoter Buying</a> | Order Book of INR 800 Cr (including L1 orders) (Jun-24) (1.7x times of TTM Revenue) | Capital Goods – Non - Electrical equipment<ul><li>MCap of INR 533 Crore (share price = INR 480 / share) (as on 16th Oct ‘24)</li><li>TTM PE 30.1x (as on 16th Oct ‘24) Retail float = 21.2% (Jun-24)</li></ul>FOOD FOR THOUGHT: Negative Cash flow from operations for FY24<h3>Q1. What are the Products and Services offered by Tembo Global Industries?</h3>Tembo is a prominent engineering company, manufacturing high-quality specialised metal products for a wide array of applications, including Pipe Support Systems, Fasteners, Anchors, and HVAC, catering to industries like Automotive, Real Estate, Infrastructure and Oil &amp; Gas. Additionally, the Company process and supplies fibres and yarn (Textiles Division) and is poised to enter the Defence sector by FY26.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at <a href="https://www.sovrenn.com/education">Sovrenn Education</a>&nbsp;<h2>Dynacons Systems &amp; Solutions Ltd.</h2>Recent filing: (APPRAISAL) <a href="https://www.sovrenn.com/prime/dynacons-systems-&amp;-solutions-limited">Dynacons System</a> has successfully attained the ISACA’s Capability Maturity Model Integration (CMMI)-SVC V3.0 Maturity Level 5 appraisal. CMMI is a process improvement approach that provides organization with the essential elements of effective processes that ultimately improve their performance.SUMMARY: 6y Operating Profit uptrend | 2q Operating Profit uptrend | PE 30.5x (Sector PE range 30-50) | <a href="https://www.sovrenn.com/discovery/new-age-it/dynacons-systems-&amp;-solutions-ltd">New Age IT</a><ul><li>MCap of INR 1,757 Crore (share price = INR 1,382 / share) (as on 16th Oct ‘24)</li><li>TTM PE 30.5x (as on 16th Oct ‘24) Retail float = 25.1% (Jun-24)</li></ul>FOOD FOR THOUGHT: Risk of timing of receivable from PSU Entities.<h3>Q1. What are the Products and Services offered by Dynacons Systems &amp; Solutions ?</h3>Established in 1995, Dynacons undertakes all activities related to IT infrastructure including infrastructure design and consultancy services, turnkey systems integration of large Network and Data Centre infrastructure including supply of associated equipment and software, onsite and remote facilities management of multi-location infrastructure of domestic locations.Finding multibagger stocks is important for building wealth. Discover potential multibaggers at&nbsp;<a href="https://sovrenn.com/discovery">Sovrenn Discovery</a><h2>TD Power Systems Ltd</h2>Recent filing: (ORDER) TD Power Systems has secured two large orders worth INR 142 crore from major international gas engine Original Equipment Manufacturers (OEMs) for gas engine generators, reflecting strong demand in the grid stabilization, base load power, and data center segments. The orders, intended for export markets, will be delivered partly this financial year and partly the next, with more orders expected in the coming quarters.SUMMARY: 7y Operating Profit uptrend | 2q Operating Profit uptrend | PE 51.0x (Sector PE range 30-70) | Order Book of INR 1,215 Cr (Jun-24) (1.2x times of TTM Revenue) | Institutional Entry | Capital Goods – Electrical Equipment<ul><li>MCap of INR 6,478 Crore (share price = INR 415 / share) (as on 16th Oct ‘24)</li><li>TTM PE 51.0x (as on 16th Oct ‘24) Retail float = 12.9% (Sep-24)</li></ul>FOOD FOR THOUGHT: Low promoter holding.<h3>Q1. What are the Products and Services offered by TD Power Systems?</h3>Company manufactures generators &amp; motors for the world -&nbsp;catering to multiple industries with reliable &amp; efficient power solutions up to 200 MW.Also Read: <a href="https://www.sovrenn.com/knowledge/marine-electricals-capacity-expansion-transformers-and-rectifiers-block-deal-and-kpi-green-energy-order">Marine Electricals Capacity Expansion, Transformers &amp; Rectifiers Block Deal And KPI Green Energy Order</a>

Tembo Global inks a power purchase deal, Dynacons Systems receives an appraisal for IT services, and TD Power Systems secures a major order for its power generation equipment.

Tembo Global Industries Power Purchase Agreement, Dynacons Systems & Solutions Appraisal And TD Power Systems Order

<h2>Marine Electricals (India) Ltd.</h2>Recent filing: (CAPACITY EXPANSION) Marine Electricals has opened 5th plant Situated at NDR Goaspace private limited, Goa, which will increase manufacturing footprint by 20%. This facility will enhance the capacity for LV/MV switchboards, to produce new solutions, and speed up deliveries to esteemed customers.SUMMARY: 6y Operating Profit uptrend | PE 109x (Sector PE range 30-70) | Fund raise | Capacity Expansion | Capital goods – Electrical equipments<ul><li>MCap of INR 3,140 Crore (share price = INR 237 / share) (as on 15th Oct ‘24)</li><li>TTM PE 109x (as on 15th Oct ‘24) Retail float = 18.2%(Jun-24)</li></ul>FOOD FOR THOUGHT: PE is above sector range | Negative Operating cash flow for FY24<h3>Q1. What are the Products and Services offered by Marine Electricals (India) Ltd?</h3>Marine Electricals (India) Limited is an integrated technical services provider in the fields of electrical automation and information and communication technology solutions. It is into marine, industrial and renewable energy solutions.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at <a href="https://www.sovrenn.com/education">Sovrenn Education</a>&nbsp;<h2>Transformers &amp; Rectifiers (India) Ltd.</h2>Recent filing: (BLOCK DEAL) Stallion Asset Private Limited bought 4L shares, Pgim Jennison Emerging Markets Equity Opportunities Fund bought 6L shares, Pgim Jennison Emerging Markets Equity Fund bought 67k shares, New York State Teachers Retirement System bought 13.6L shares, Societe Generale bought 2.4L shares, aand Advanced Series Trust Ast Prudential Growth Allocation Portfolio bought 0.25L shares of Transformers &amp; Rectifiers at INR 780/share, aggregating to INR 211 Cr from Jitendra Ujamsi Mamtora (promoter).SUMMARY: 5y Operating Profit uptrend | 1q Operating Profit uptrend | PE 107x (Sector PE range 30-70) | Excellent Sep-24 results | Fund raise | Institutional Entry | Ace Investor | Orderbook of INR 3,500 Cr (Sep-24) (2x of TTM revenue) | Capital Goods - Electrical EquipmentFUTURE OUTLOOK: As per Q1FY25 Concall and Investor Presentation, Company Revenue targets for FY25 remain unchanged at INR 2,000 Cr, with EBITDA margins expected to be around 14% and over the next 2-3 years, management targets standalone revenue growth to reach INR 4,500 Cr to 5,000 Cr with EBITDA margins of 16% to 17%. Company unexecuted order book as of 30th June 2024 stands at INR 2,926 Cr and have inquiries about 17,500 Cr under negotiation and meeting stage Company ultimate aim is to transform into a debt-free Company in the near future.<ul><li>MCap of INR 12,873 Crore (share price = INR 858 / share) (as on 15th Oct 2024)</li><li>TTM PE 107x (as on 15th Oct 2024) Retail float = 14.3% (Sep-24)</li></ul>FOOD FOR THOUGHT: PE is above sector range.<h3>Q1. What are the Products and Services offered by Transformers &amp; Rectifiers ?</h3>Transformers &amp; Rectifiers (India) Ltd. is a leading manufacturer of transformers up to 1,200 kV class. It manufactures a wide range of transformers like power and distribution transformers, furnace transformers, rectifier transformers and special transformers. It has a technical collaboration with Fuji, Japan for 400/765 kV reactors and 400 kV generator transformer. It has a diversified customer base in India with international presence in over 25 countries.Finding multibagger stocks is important for building wealth. Discover potential multibaggers at&nbsp;<a href="https://sovrenn.com/discovery">Sovrenn Discovery</a><h2>KPI Green Energy Ltd.</h2>Recent filing: (ORDER) KPI Green Energy has signed Power Purchase Agreements (PPAs) with Gujarat Urja Vikas Nigam Limited (GUVNL) for 620 MWAC (917 MWDC) renewable energy projects, including a 250 MWAC solar photovoltaic project and a 370 MWAC hybrid renewable energy project, both with Greenshoe options for additional capacity upto 500 MW without energy storage. The company aims to achieve a 10 GW renewable energy capacity by 2030.SUMMARY: 6y Operating Profit uptrend | 1q Operating Profit uptrend | PE 53.9x (Sector PE range 50-90) | Excellent Jun-24 results | Fund raise | Large Order | Geographical Expansion | Institutional entry | Promoter buying | Solar | Clean EnergyFUTURE OUTLOOK: As per Q1FY25 Investor Presentation, Company has 2.3+GW of orders in hand, and has ambitious target of 10+GW IN 2030.<ul><li>MCap of INR 10,565 Crore (share price = INR 805 / share) (as on 15th Oct ‘24)</li><li>TTM PE 53.9x (as on 15th Oct ‘24) Retail float = 21.4% (Jul-24)</li></ul>FOOF FOR THOUGHT: Negative operating cash flow for FY24.<h3>Q1. What are the Products and Services offered by KPI Green Energy?</h3>Incorporated in 2002, KPI Green develops, builds, owns, operates, and maintains solar power plants through Independent Power Producer (IPP) and as service provider to Captive Power Producer (CPP) under the brand name of 'Solarism'.Also Read:<a href="https://www.sovrenn.com/knowledge/infollion-research-services-good-to-excellent-results-gensol-engineering-order-and-sanghvi-movers-subsidiary-incorporation"> Infollion Research Services Good to Excellent Results, Gensol Engineering Order And Sanghvi Movers Subsidiary Incorporation</a>

Get insights on Marine Electricals' capacity expansion, Transformers & Rectifiers' recent block deal, and KPI Green Energy's latest order. Key developments in the energy sector.

Marine Electricals Capacity Expansion, Transformers & Rectifiers Block Deal And KPI Green Energy Order

<h2>Infollion Research Services Ltd.</h2>Recent filing: (GOOD TO EXCELLENT RESULTS) For the half year ending Sep-24 for <a href="https://www.sovrenn.com/prime/infollion-research-services-limited">Infollion Reasearch</a>, Sales up 40% YoY from INR 25.1 Cr in Sep-23 to INR 35.2 Cr in Sep-24. Similarly, Net Profit up 40% from INR 4.2 Cr to INR 5.9 Cr. On a HoH basis, Sales up 32% and Net Profit up 37%.SUMMARY: 5y Operating Profit uptrend | 1h Operating Profit uptrend | PE 38.6x (Sector PE range 30-50) | <a href="https://www.sovrenn.com/discovery/excellent-results-(sep-24)/infollion-research-services-ltd">Excellent Sep-24 results</a> | Institution Entry | Consulting Services<ul><li>MCap of INR 308 Crore (share price = INR 318 / share) (as on 14th Oct ‘24)</li><li>TTM PE of 38.6x (as on 14th Oct ‘24) Retail float = 16.6% (Mar-24)</li></ul>FOOD FOR THOUGHT: Shareholding of FIIs and DIIs dropped from 9.7% and 6.8% in Jun ‘23 to 0.0% and 3.4% in Mar ‘24, respectively.<h3>Q1. What are the Products and Services offered by Infollion Research Services?</h3>The Company provides flexible options to hire top management talent. These options can range from quick and concise phone calls to project – based engagements lasting a few months, all based on pre agreed statement of work.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at <a href="https://www.sovrenn.com/education">Sovrenn Education</a>&nbsp;<h2>Gensol Engineering</h2>Recent filing: (ORDER) <a href="https://www.sovrenn.com/prime/gensol-engineering-limited">Gensol Engineering</a> has been awarded a prestigious contract worth INR 186 Cr by UAE’s leading sustainable development and clean energy development Company for the design, construction, and long-term operation and maintenance of rooftop solar photovoltaic (PV) systems for the engineering facilities of a leading aviation company in Dubai.&nbsp;With a total installed capacity of 23,178 kWp (23 MWp), the project underscores company’s commitment to driving sustainability in the Middle East by contributing to the region’s transition to cleaner energy sources, need to be executed over a 20-month period.SUMMARY: 5y Operating Profit uptrend | 6q Operating Profit uptrend | PE 54.7x (Sector PE range 50-90) | <a href="https://www.sovrenn.com/discovery/preferential-issuance/gensol-engineering">Fund raise</a> | Institutional entry | Geographical Expansion | <a href="https://www.sovrenn.com/discovery/large-order-receipts/gensol-engineering">Large Orders</a> | Orderbook of INR 9,055 Cr (Sep-24) (8x of TTM revenue) | <a href="https://www.sovrenn.com/discovery/jv-partnerships-acquisitions/gensol-engineering">Acquisitions</a> | <a href="https://www.sovrenn.com/discovery/promoter-buying/gensol-engineering">Promoter Buying</a> | <a href="https://www.sovrenn.com/discovery/electric-vehicle-and-infra/gensol-engineering">Solar + EV</a>FUTURE OUTLOOK: As per Q1FY25 Concall, Company had projected revenue guidance of INR 2,000 crore for FY25, a 2.1x increase from the FY24 revenue of INR 963 Cr | Consolidated EBITDA guidance for FY25 set at worth of INR 400 Cr.<ul><li>MCap of INR 3,186 Crore (share price = INR 841 / share) (as on 14th Oct ‘24)</li><li>TTM PE of 54.7x (as on 14th Oct ‘24) Retail float = 20.1% (Jun-24)</li></ul>FOOD FOR THOUGHT: Leveraged capital structure attributed to debt funded acquisition of EVs for leasing to Blu-Smart<h3>Q1. What are the Products and Services offered by Gensol Engineering?</h3>Gensol is involved in the business of solar consulting &amp; EPC. It provides concept to commissioning solar advisory, execution and operation services for solar projects in India and abroad. Expanding its operations, Gensol has also established an EV manufacturing facility in Pune, India, for the development and production of electric three wheelers and four wheelers. Alongside, Gensol offers comprehensive EV leasing solutions and is serving leading ride-hailing players with its buy-and-lease package of EV cars.Finding multibagger stocks is important for building wealth. Discover potential multibaggers at&nbsp;<a href="https://sovrenn.com/discovery">Sovrenn Discovery</a><h2>Sanghvi Movers Ltd.</h2>Recent filing: (SUBSIDIARY INCORPORATION) Board of Directors of <a href="https://www.sovrenn.com/prime/sanghvi-movers-limited">Sanghvi Movers</a> approved the incorporation of a wholly owned subsidiary in Saudi Arabia to provide crane rental services and heavy lifting solutions across various sectors, including Oil &amp; Gas, Petrochemicals, and Infrastructure. The subsidiary will offer cranes with skilled personnel, logistical support, and form strategic partnerships to drive growth and efficiency.SUMMARY: PE 18.5x (Sector PE range 30-60) | Subsidiary Incorporation | Orderbook of INR 744 Cr (Jul-24) (1.2x of TTM revenue) | <a href="https://www.sovrenn.com/discovery/capital-goods/sanghvi-movers-ltd">Capital Goods – Non-Electrical Equipments</a><ul><li>MCap of INR 3,453 Crore (share price = INR 399 / share) (as on 14th Oct ’24)</li><li>TTM PE of 18.5x (as on 14th Oct ’24) Retail float = 28.1% (Jun-24)</li></ul>FOOD FOR THOUGHT: Susceptibility to investment cycle in key end user industries like&nbsp;wind.<h3>Q1. What are the Products and Services offered by Sanghvi Movers?</h3>Sanghvi Movers Limited (SML) is the largest crane rental company in India and Asia. Company has a fleet of 400+ medium to large sized heavy-duty telescopic and crawler cranes ranging from 20 to 1000 MT across 130+ operational job sites in India. Its&nbsp;fleet is primarily catered for the construction of various industrial plants like Power, Steel, Cement, Fertilizers, Petrochemicals &amp; Refineries, Metros (underground as well as elevated) and Windmill sector.Also Read: <a href="https://www.sovrenn.com/knowledge/vishnu-prakash-r-punglia-order-aurionpro-solutions-deal-and-manoj-ceramic-fund-raise">Vishnu Prakash R Punglia Order, Aurionpro Solutions Deal And Manoj Ceramic Fund Raise</a>

Infollion Research Services reports strong financial results, Gensol Engineering secures a significant order, and Sanghvi Movers announces the incorporation of a new subsidiary. Read more on these business updates.

Infollion Research Services Good to Excellent Results, Gensol Engineering Order And Sanghvi Movers Subsidiary Incorporation

<h2>Vishnu Prakash R Punglia Ltd.</h2>Recent filing: (ORDER) <a href="https://www.sovrenn.com/discovery/revenue-guidance/vishnu-prakash-r-punglia-ltd">Vishnu Prakash</a> has received a new project worth INR 161 Cr from the Office of the DYCE-C-II-JP-ENGINEERING, NWR, Jaipur Rajasthan titled " Earthwork in filling/cutting in formation, Blanketing, construction of station building including electrical and S&amp;T structures, Passengers/ goods platforms, Platform shelters, Foot over bridges, Passenger amenities work, S&amp;T structures, staff quarters, LHS /RUBs, Minor Bridges, Retaining walls, Toe wall, pitching work and all other ancillary works between Jaipur Chaksu stations from Km 131.270 to Km 87.60 in connection with Jaipur- Sawai Madhopur Doubling Project.”SUMMARY: 6y Operating Profit uptrend | PE 28.7x (Sector PE range 10-50) | Orderbook of INR 4,915 Cr (Jun-24) (3.4x of TTM revenue) | institutional entry | <a href="https://www.sovrenn.com/discovery/gas-and-water-infra/vishnu-prakash-r-punglia-ltd">Water Infra</a>FUTUTRE OUTLOOK: As per Q1FY25 Concall, Company projected a revenue growth guidance of 15% to 20% for FY25.<ul><li>MCap of INR 3,459 Crore (share price = INR 278 / share) (as on 11th Oct ‘24)</li><li>TTM PE of 28.7x (as on 11th Oct ‘24) Retail float = 18.9% (Jun-24)</li></ul>FOOD FOR THOUGHT: Sixteenth Street Asian Gems reduced its stake from 1% in Dec ’23 to close to 0% in Mar ’24. Quant Small Cap Mutual Fund reduced its stake from 4.1% in Mar ’24 to close to 0% in Jun ’24.<h3>Q1. What are the Products and Services offered by Vishnu Prakash R Punglia?</h3>Established in 1986, Vishnu Prakash is a fast-growing Infrastructure Development Company. Its principal business operations are Infrastructure Development Works on EPC mode including their operation and maintenance activities in sectors including: Water, Sewerage, Railway, Road, Tunneling Works, etc.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at <a href="https://www.sovrenn.com/education">Sovrenn Education</a>&nbsp;<h2>Aurionpro Solutions</h2>Recent filing: (DEAL) <a href="https://www.sovrenn.com/prime/aurionpro-solutions">Aurionpro Solutions</a> announced a multi-million-dollar deal with a leading bank in Saudi Arabia. This win reinforces Aurionpro’s leadership in digital banking transformation with the cutting-edge iCashpro platform, designed to meet the needs of both conventional and Shariah-compliant banking systems. The bank has chosen Aurionpro's next-generation cash management and transaction banking platform, to deliver a seamless and contextual customer experience to its corporate clients.SUMMARY: 4y Operating Profit uptrend | 7q Operating Profit uptrend | PE 62.9x (Sector PE range 30-50) | <a href="https://www.sovrenn.com/discovery/excellent-results-(jun-24)/aurionpro-solutions">Excellent Jun-24 results</a> | <a href="https://www.sovrenn.com/discovery/preferential-issuance/aurionpro-solutions">Fund raise</a> | Institutional entry | Acquisition | <a href="https://www.sovrenn.com/discovery/jv-partnerships-acquisitions/aurionpro-solutions">Partnership</a> | Order book of INR 1000 Cr+ | <a href="https://www.sovrenn.com/discovery/new-age-it/aurionpro-solutions">New-age IT</a>FUTURE OUTLOOK: As per the Q1FY25 Concall, Company has given a guidance for 30-35% growth in revenue and earnings for FY25.<ul><li>MCap of INR 9,599 Crore (share price = INR 1,740 / share) (as on 11th Oct ‘24)</li><li>TTM PE of 62.9x (as on 11th Oct ‘24) Retail float = 10.3% (Jun-24)</li></ul>FOOD FOR THOUGHT: PE is above sector range<h3>Q1. What are the Products and Services offered by Aurionpro Solutions?</h3>&nbsp;Aurionpro is the convergence of advanced technology solutions that help enterprises accelerate Digital Innovation - securely and efficiently. It is 'One Platform', guiding businesses to ADAPT to a new paradigm in Digital Transformation across Banking Transportation, Logistics, and Government sectors.Finding multibagger stocks is important for building wealth. Discover potential multibaggers at&nbsp;<a href="https://sovrenn.com/discovery">Sovrenn Discovery</a><h2>Manoj Ceramic Ltd.</h2>Recent filing: (FUND RAISE) BoD meeting of <a href="https://www.sovrenn.com/ipo-zone/manoj-ceramic-ltd.">manoj Ceramics</a> to be held on 15-Oct-24 to consider fund raise.SUMMARY: 2y Operating Profit uptrend | PE 23x (Sector PE range 30-60) | Fund raise (IPO) | <a href="https://www.sovrenn.com/nested/Star%20Investors">Ace Investor</a> | Fund Raise | New Showroom | Building Material<ul><li>MCap of INR 140 Crore (share price = INR 168 / share) (as on 11th Oct ‘24)</li><li>TTM PE 23x (as on 11th Oct ‘24) Retail float = 10.3% (Mar-24)</li></ul>FOOD FOR THOUGHT: Negative operating cash flow for FY 24.<h3>Q1. What are the Products and Services offered by Manoj Ceramic?</h3>The Company specializes in Ceramic Tiles and Tile Adhesive. The Ceramic Tiles collection boasts diverse design, colours and sizes. Working closely with manufacturers, the finalizes designs are supplied to dealers, retail showrooms, exported and sold in B2B dealings with architects, builders and contractors.Also Read: <a href="https://www.sovrenn.com/knowledge/crown-lifters-order-salzer-electronics-aggressive-hiring-and-techera-engineering-acquisition">Crown Lifters Order, Salzer Electronics Aggressive Hiring And Techera Engineering Acquisition</a>

Get insights into Vishnu Prakash R Punglia's new order, Aurionpro Solutions' latest deal, and Manoj Ceramic's successful fund raise. Explore key developments in the business landscape.

Vishnu Prakash R Punglia Order, Aurionpro Solutions Deal And Manoj Ceramic Fund Raise

<h2>Crown Lifters Ltd.</h2>Recent filing: (ORDER) <a href="https://www.sovrenn.com/discovery/large-order-receipts/crown-lifters-ltd">Crown Lifters</a> has placed order for two Brand new 150 MT crawler crane, with an expected delivery by mid October 2024, from Mumbai, Maharashtra. The contracts for both cranes have already been secured in advance with one assigned to Ultratech Cement Ltd, and the other to Arcelormittal Nippon Steel India. With an estimated total purchase value of INR 7 Cr, this brings Company’s total crane capex for the current financial year to approximately INR 43 Cr till date.SUMMARY: 2y Operating Profit uptrend | PE 44.8x (Sector PE range 30-60) | <a href="https://www.sovrenn.com/discovery/preferential-issuance/crown-lifters-ltd">Fund Raise </a>| <a href="https://www.sovrenn.com/discovery/capital-goods/crown-lifters-ltd">Capital Goods – Non-Electrical Equipment</a><ul><li>MCap of INR 273 Crore (share price = INR 243 / share) (as on 10th Oct ‘24)</li><li>TTM PE 44.8x (as on 10th Oct ‘24) Retail float = 13.3% (Sep-24)</li></ul>FOOD FOR THOUGHT: Investor Roshni Ali Somji reduced her stake from 2.9% in Sep-23 to less than 1% (can be 0%) in Mar-24<h3>Q1. What are the Products and Services offered by Crown Lifters?</h3>Company specializes in providing construction equipment, including items such as crawler lattice booms, crawler telescopic booms, all-terrain cranes, rough-terrain cranes, aerial platforms, piling rigs etc.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at <a href="https://www.sovrenn.com/education">Sovrenn Education</a>&nbsp;<h2>Salzer Electronics Ltd.</h2>Recent filing: (AGGRESSIVE HIRING) Employee count on the EPFO portal increased by 45%, rising from 247 in April to 359 in August 2024.SUMMARY: 4y Operating Profit uptrend | 6q Operating Profit uptrend | PE 40.2x (Sector PE range 30-60) | <a href="https://www.sovrenn.com/discovery/excellent-results-(jun-24)/salzer-electronics-ltd">Excellent Jun-24 results</a> | New product line | <a href="https://www.sovrenn.com/discovery/preferential-issuance/salzer-electronics-ltd">Fund raise</a> | <a href="https://www.sovrenn.com/discovery/capacity-expansions-&amp;-new-product-launches/salzer-electronics-ltd">Capacity expansion</a> | <a href="https://www.sovrenn.com/nested/Star%20Investors">Ace Investor</a> | <a href="https://www.sovrenn.com/discovery/aggressive-employee-hiring-data/salzer-electronics-ltd">Aggressive Hiring</a> | <a href="https://www.sovrenn.com/discovery/promoter-buying/salzer-electronics-ltd">Promoter buying</a> | Capital goods (Electrical Equipment) | <a href="https://www.sovrenn.com/discovery/railways/salzer-electronics-ltd">Railways</a>FUTURE OUTLOOK:&nbsp;As per Q1FY25 Concall, Company is expecting revenue growth of 18% to 23%, and is targeting EBITDA margin improvement by 100 basis points to 10.5% to 11% for FY25. Company is expecting revenue of INR 1,000 Cr, from Smart Meters at full capacity utilization.<ul><li>MCap of INR 1,895 Crore (share price = INR 1,072 / share) (as on 10th Oct ’24)</li><li>TTM PE 40.2x (as on 10th Oct ’24) Retail float = 36.8% (Jun-24)</li></ul>FOOD FOR THOUGHT:&nbsp; FIIs have reduced stake from 6.1% in Sep-23 to 2.8% in Jun-24.<h3>Q1. What are the Products and Services offered by Salzer Electronics?</h3>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.Finding multibagger stocks is important for building wealth. Discover potential multibaggers at&nbsp;<a href="https://sovrenn.com/discovery">Sovrenn Discovery</a><h2>Techera Engineering Ltd</h2>Recent filing: (ACQUISITION) <a href="https://www.sovrenn.com/ipo-zone/techera-engineering-ipo">Techera Engineering</a> has acquired additional equity shares in Kalbhorz Electric Private Limited (KEPL), a company engaged in manufacturing, marketing, distributing, and trading electronic parts and appliances for industries like aerospace, defense, robotics, marine, and aircraft components. KEPL's FY24 revenue stands at INR 6.5 lakhs.&nbsp;Under the subscription agreement, TehcEra had already acquired 505 shares in the first tranche and 1,258 in the second tranche, holding 11.91% of KEPL. Now, with the purchase of 2,823 more shares at Rs. 4,726 per share, its total holding has increased to 4,586 shares, raising its stake to 26.02%.SUMMARY: 2y Operating Profit uptrend | PE 57.4x (Sector PE range 50-100) | <a href="https://www.sovrenn.com/ipo-zone">IPO</a> | <a href="https://www.sovrenn.com/discovery/jv-partnerships-acquisitions/techera-engineering-ltd">Acquisition </a>| Defense<ul><li>MCap of INR 276 Crore (share price = INR 167 / share) (as on 10th Oct ‘24)</li><li>TTM PE 57.4x (as on 10th Oct ‘24) Retail float = NAFOOD FOR THOUGHT: Vikasa India Fund sold INR 1.2 Cr worth of shares.</li></ul><h3>Q1. What are the Products and Services offered by Techera Engineering?</h3>Company operates in the&nbsp;Aerospace, Defense&nbsp;and&nbsp;Automation&nbsp;sector in India, contributing to the country’s technological advancements and national security. With core focus on manufacturing, Company plays a crucial role in producing high-quality components and systems that meet the demanding standards of the Aerospace &amp; Defence industries.Also Read: <a href="https://www.sovrenn.com/knowledge/wpil-acquisition-ceinsys-tech-and-krishna-defence-and-allied-industries-order">WPIL Acquisition, Ceinsys Tech And Krishna Defence &amp; Allied Industries Order</a>

Discover the latest updates on Crown Lifters' new order, Salzer Electronics' aggressive hiring plans, and Techera Engineering's strategic acquisition. Stay informed on industry growth and developments.

Crown Lifters Order, Salzer Electronics Aggressive Hiring And Techera Engineering Acquisition

<h2>WPIL Ltd.</h2>Recent filing: (ACQUISITION)<a href="https://www.sovrenn.com/discovery/revenue-guidance/wpil-ltd"> WPIL</a>'s South African subsidiary, APE Pumps Pty Limited, has acquired 100% shareholding of Eigenbau Proprietary Limited, a contracting company specializing in water and wastewater solutions in Southern Africa. This acquisition strengthens WPIL’s presence in Africa and enhances synergies with APE Pumps.SUMMARY: 5y Operating Profit uptrend | PE 26.3x (Sector PE range 30-60) | <a href="https://www.sovrenn.com/nested/Star%20Investors">Ace Investor</a> | Institutional entry | Orderbook of INR 3,798 Cr (Jun-24) (2x of TTM revenues) | Acquisition | <a href="https://www.sovrenn.com/discovery/capital-goods/wpil-ltd">Capital Goods - Non Electrical Equipments</a><ul><li>MCap of INR 4,453 Crore (share price = INR 456 / share) (as on 9th Oct ‘24)</li><li>TTM PE 26.3x (as on 9th Oct ‘24) Retail float = 11.6% (Sep-24)</li></ul>FOOD FOR THOUGHT: Negative operating cash flow for FY24.<h3>Q1. What are the Products and Services offered by AVG Logistics?</h3>WPIL Ltd. in engaged in the business of entire value chain of Pumps &amp; Pumping Systems from concept to commissioning and execution of water supply projects on a turnkey basis for industrial units, power utilities, irrigation departments, etc.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at <a href="https://www.sovrenn.com/education">Sovrenn Education</a>&nbsp;<h2>Ceinsys Tech Ltd.</h2>Recent filing: (ORDER) <a href="https://www.sovrenn.com/prime/ceinsys-tech-limited">Ceinsys Tech</a> has received Letter of Award worth INR 332 Cr from State Water and Sanitation Mission (SWSM), Water Supply and Sanitation Department (WSSD), Government of Maharashtra for Appointment of System Integrators (SI’s) for IoT Deployment including Design, Implementation &amp; Maintenance with Centralized IoT Platform for Jal Jeevan Mission Projects in State of Maharashtra for Phase II. The project involves 2 years of implementation and 5 years of operations and maintenance (O&amp;M).SUMMARY: 3y Operating Profit uptrend | PE 36.6x (Sector PE range 30-50) | <a href="https://www.sovrenn.com/discovery/preferential-issuance/ceinsys-tech-ltd">Fund Raise </a>| Orderbook of INR 750 Cr (Jun-24) (2.7x of TTM revenue) | <a href="https://www.sovrenn.com/discovery/new-age-it/ceinsys-tech-ltd">New-Age IT</a><ul><li>MCap of INR 1,412 Crore (share price = INR 864 / share) (as on 9th Oct ‘24)</li><li>TTM PE of 36.6x (as on 9th Oct ‘24) Retail float = 23.2% (Sep-24)</li></ul>FOOD FOR THOUGHT: Risk of timing of receivables from Govt. bodies<h3>Q1. What are the Products and Services offered by Ceinsys Tech?</h3>Established in 1998, Ceinsys Tech Limited is leveraging smart technology and analytics to deliver new age solutions in the geospatial and engineering domains. The service offerings of the company include Geospatial Services, Risk Analytics, Engineering Support, Digital Enterprise, Consulting Service and Software Solutions to various industries like Water, Oil &amp; Gas, Energy, Telecom, Transport etc.Finding multibagger stocks is important for building wealth. Discover potential multibaggers at&nbsp;<a href="https://sovrenn.com/discovery">Sovrenn Discovery</a><h2>Krishna Defence &amp; Allied Industries Ltd.</h2>Recent filing: (ORDER) <a href="https://www.sovrenn.com/prime/krishna-defence-and-allied-industries-limited">Krishna Defence</a> has secured an order worth INR 88.4 Cr, to be executed in 18 Months, for the supply of Special Weld Consumables, designated for a highly critical platform. With this significant order its cumulative order wins for FY25 stands at INR 288 Cr, equating to 2.7x of its last year’s total revenue.SUMMARY: 4y Operating Profit uptrend | PE 98.4x (Sector PE range 50-100) | <a href="https://www.sovrenn.com/discovery/excellent-results-(mar-24)/krishna-defence-&amp;-allied-industries-ltd">Excellent Mar-24 results</a> | Order book of INR 229 Cr (as of Jun-24) (2.2 times of FY24 revenue) | <a href="https://www.sovrenn.com/discovery/large-order-receipts/krishna-defence-&amp;-allied-industries-ltd">Large Order </a>| <a href="https://www.sovrenn.com/discovery/jv-partnerships-acquisitions/krishna-defence-&amp;-allied-industries-ltd">Partnerships </a>| <a href="https://www.sovrenn.com/discovery/preferential-issuance/krishna-defence-&amp;-allied-industries-ltd">Fund raise</a> | <a href="https://www.sovrenn.com/nested/Star%20Investors">Ace Investor</a> | <a href="https://www.sovrenn.com/discovery/defence/krishna-defence-&amp;-allied-industries-ltd">Defence</a>FUTURE OUTLOOK:&nbsp;As per FY24 Concall (29th May 2024), Company aiming to grow at 40%+ CAGR for the next 3 to 5 years | Company targeting a revenue of INR 180 to INR 200 Cr in FY25 and INR 500 Cr by FY28 | Company aiming to achieve a production capacity of around 4,000 tons, with capacity expansion.<ul><li>MCap of INR 959 Crore (share price = INR 700 / share) (as on 9th Oct ‘24)</li><li>TTM PE 98.4x (as on 9th Oct ‘24) Retail float = 15% (May-24)</li></ul>FOOD FOR THOUGHT: Negative operating cash flow for FY24.<h3>Q1. What are the Products and Services offered by Krishna Defence &amp; Allied Industries?</h3>Krishna Defence &amp; Allied Industries has comprehensive in-house capabilities of designing, developing and manufacturing a wide range of equipment for defence, security, dairy and mega kitchen verticals. Its clientele includes Indian Army, DRDO, Goa Shipyard, Amul, Keventers etc.Also Read: <a href="https://www.sovrenn.com/knowledge/avg-logistics-conversion-of-warrants-shivalic-power-control-business-excellent-results-update-and-transformers-and-rectifiers">AVG Logistics Conversion of Warrants, Shivalic Power Control Business Excellent Results Update And Transformers &amp; Rectifiers</a>

Explore WPIL's acquisition, Ceinsys Tech developments, and the latest order from Krishna Defence & Allied Industries, highlighting key business updates and industry moves.

WPIL Acquisition, Ceinsys Tech And Krishna Defence & Allied Industries Order

<h2>AVG Logistics Ltd.</h2>Recent filing: (CONVERSION OF WARRANTS) Two warrant holders <a href="https://www.sovrenn.com/discovery/revenue-guidance/avg-logistics-ltd">AVG Logistics</a> who have been allotted the convertible warrants dated February 27, 2024 have paid the balance 75% of the consideration aggregating to INR 7.2 Cr and have applied for exercising their right for conversion of 2,60,000 warrants into equivalent number of Equity Shares.SUMMARY: 4y Operating Profit uptrend | PE 27.6x (Sector PE range 10-40) | <a href="https://www.sovrenn.com/discovery/preferential-issuance/avg-logistics-ltd">Fund raise</a> | Fleet expansion | Institutional entry | <a href="https://www.sovrenn.com/discovery/promoter-buying/avg-logistics-ltd">Promoter buying</a> | <a href="https://www.sovrenn.com/discovery/jv-partnerships-acquisitions/avg-logistics-ltd">Strategic JV</a> | <a href="https://www.sovrenn.com/discovery/shipping-logistics/avg-logistics-ltd">Logistics</a>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%.<ul><li>MCap of INR 647 Crore (share price = INR 473 / share) (as on 8th Oct ‘24)</li><li>TTM PE 27.6x (as on 8th Oct ‘24) Retail float = 15.7% (Jun-24)</li></ul>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.<h3>Q1. What are the Products and Services offered by AVG Logistics?</h3>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.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at <a href="https://www.sovrenn.com/education">Sovrenn Education</a>&nbsp;<h2>Shivalic Power Control Ltd.</h2>Recent filing: (BUSINESS UPDATE) <a href="https://www.sovrenn.com/prime/shivalic-power-control-limited">Shivalic Power Control</a> has reported a 72% growth in revenue from INR 31 Cr in H1FY24 to INR 53.5 Cr in H1FY25.SUMMARY: 3y Operating Profit uptrend | PE 51.5x (Sector PE range 30-60) | Institutional Entry | <a href="https://www.sovrenn.com/ipo-zone">IPO </a>| <a href="https://www.sovrenn.com/discovery/electrification-products-and-services/shivalic-power-control-ltd">Electrification </a>| <a href="https://www.sovrenn.com/discovery/capital-goods">Capital Goods</a><ul><li>MCap of INR 576 Crore (share price = INR 239 / share) (as on 8th Oct ‘24)</li><li>TTM PE 51.5x (as on 8th Oct ‘24) Retail float = NA</li></ul>FOOD FOR THOUGHT: Negative operating Cash flow for FY24<h3>Q1. What are the Products and Services offered by Shivalic Power Control?</h3>Shivalic Power Control Limited, is in the business&nbsp;of manufacturing LT and HT electric panels, boasts a rich 20-year operating history, with a sprawling 1,25,000 Sq. Feet in-house manufacturing facility, the company prides itself on its ability to produce a varied selection of electric panels, including PCC Panels, IMCC Panels, Smart Panels, MCC Panels, DG synchronization panels, Outdoor panels, and HT Panels up to 33KV.Finding multibagger stocks is important for building wealth. Discover potential multibaggers at&nbsp;<a href="https://sovrenn.com/discovery">Sovrenn Discovery</a><h2>Transformers &amp; Rectifiers (India) Ltd.</h2>Recent filing: (EXCELLENT RESULTS) For the quarter ending Sep-24 for <a href="https://www.sovrenn.com/discovery/large-order-receipts/transformers-&amp;-rectifiers-(india)-ltd">Transformers &amp; Rectifiers India Limited</a>, Sales up 79% YoY from INR 257 Cr in Sep-23 to INR 461 Cr in Sep-24. Similarly, Net Profit up 23x from INR 2 Cr to INR 46 Cr. On a QoQ basis, Sales up 43% and Net Profit up 2.2x.SUMMARY: 5y Operating Profit uptrend | 1q Operating Profit uptrend | PE 81.6x (Sector PE range 30-70) | <a href="https://www.sovrenn.com/discovery/excellent-results-(sep-24)/transformers-&amp;-rectifiers-(india)-ltd">Excellent Sep-24 results</a> | Fund raise | Institutional Entry | <a href="https://www.sovrenn.com/nested/Star%20Investors">Ace Investor</a> | <a href="https://www.sovrenn.com/discovery/capital-goods">Capital Goods - Electrical Equipment</a>FUTURE OUTLOOK: As per Q1FY25 Concall and Investor Presentation, Company Revenue targets for FY25 remain unchanged at INR 2,000 Cr, with EBITDA margins expected to be around 14% and over the next 2-3 years, management targets standalone revenue growth to reach INR 4,500 Cr to 5,000 Cr with EBITDA margins of 16% to 17%. Company unexecuted order book as of 30th June 2024 stands at INR 2,926 Cr and have inquiries about 17,500 Cr under negotiation and meeting stage Company ultimate aim is to transform into a debt-free Company in the near future.<ul><li>MCap of INR 10,117 Crore (share price = INR 672 / share) (as on 8th Oct 2024)</li><li>TTM PE 81.6x (as on 8th Oct 2024) Retail float = 14.3% (Sep-24)</li></ul>FOOD FOR THOUGHT: PE is above sector range.<h3>Q1. What are the Products and Services offered by Transformers &amp; Rectifiers?</h3>Transformers &amp; Rectifiers (India) Ltd. is a leading manufacturer of transformers up to 1,200 kV class. It manufactures a wide range of transformers like power and distribution transformers, furnace transformers, rectifier transformers and special transformers. It has a technical collaboration with Fuji, Japan for 400/765 kV reactors and 400 kV generator transformer. It has a diversified customer base in India with international presence in over 25 countries.Also Read: <a href="https://www.sovrenn.com/knowledge/avantel-excellent-results-ceigall-india-order-and-sahasra-electronics-bulk-deal">Avantel Excellent Results, Ceigall India Order And Sahasra Electronics Bulk Deal</a>

Stay updated on AVG Logistics' warrant conversion and Shivalic Power Control's impressive business results. Explore insights into the performance of Transformers & Rectifiers, highlighting industry advancements and strategic developments for a successful future.

AVG Logistics Conversion of Warrants, Shivalic Power Control Business  Excellent Results          Update And Transformers & Rectifiers 

<h2>Avantel Ltd.</h2>Recent filing: (EXCELLENT RESULTS) For the quarter ending Sep-24 for <a href="https://www.sovrenn.com/prime/avantel-limited">Avantel</a>, 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) | <a href="https://www.sovrenn.com/discovery/excellent-results-(sep-24)/avantel-ltd">Excellent Sep-24 results</a> | <a href="https://www.sovrenn.com/discovery/capacity-expansions-&amp;-new-product-launches/avantel-ltd">Capacity expansion</a> | <a href="https://www.sovrenn.com/nested/Star%20Investors">Ace Investor</a> | <a href="https://www.sovrenn.com/discovery/defence/avantel-ltd">Defence</a><ul><li>Mcap of INR 4,605 Crore (share price = INR 189 / share) (as on 7th Oct ‘24)</li><li>TTM PE 74.6x (as on 7th Oct ‘24) Retail float = 32.5% (Sep-24)</li></ul>FOOD FOR THOUGHT: Revenue concentration (63% from top 3 clients in defence sector and SATCOM industry) | Promoter selling (INR 90L in Feb-24)<h3>Q1. What are the Products and Services offered by Avantel Ltd?</h3>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.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at <a href="https://www.sovrenn.com/education">Sovrenn Education</a>&nbsp;<h2>Ceigall India Ltd.</h2>Recent filing: (ORDER) <a href="https://www.sovrenn.com/ipo-zone/ceigall-india-ipo">Ceigall India</a> 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) | InfrastructureFUTURE OUTLOOK: As per Q1FY25 Concall, Management is hoping that the company will make a proper effort to report same level of growth during FY25.<ul><li>MCap of INR 6,689 Crore (share price = INR 384 / share) (as on 7th Oct ‘24)</li><li>TTM PE 19.7x (as on 7th Oct ‘24) Retail float = 8.9% (6th Aug 2024)</li></ul>FOOD FOR THOUGHT: Negative operating Cashflows for FY24.<h3>Q1. What are the Products and Services offered by Ceigall India?</h3>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.Finding multibagger stocks is important for building wealth. Discover potential multibaggers at&nbsp;<a href="https://sovrenn.com/discovery">Sovrenn Discovery</a><h2>Sahasra Electronics Sahara Ltd</h2>Recent filing: (BULK DEAL) Ankush Kedia bought 2L shares of <a href="https://www.sovrenn.com/ipo-zone/sahasra-electronics-sahara-ipo">Sahasra Electronics Sahara</a> 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<ul><li>MCap of INR 743 Crore (share price = INR 593 / share) (as on 7th Oct ‘24)</li><li>TTM PE 22.8x (as on 7th Oct ‘24) Retail float = NA</li></ul>FOOD FOR THOUGHT: Highly competitive sector.<h3>Q1. What are the Products and Services offered by Sahasra Electronics Sahara?</h3>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 &amp; marketing offices in India, USA, Canada, Africa &amp; Europe the group has emerged as the leading exporter of electronic products and services.Also Read: <a href="https://www.sovrenn.com/knowledge/gensol-engineering-business-update-refex-industries-fund-raise-and-h-g-infra-engineering-infra">Gensol Engineering Business Update, Refex Industries Fund Raise And H. G. Infra Engineering Infra</a>

Discover the impressive results of Avantel, explore the recent order from Ceigall India, and learn about the bulk deal with Sahasra Electronics. Stay updated on these key developments in the tech industry.

Avantel Excellent Results, Ceigall India Order And Sahasra Electronics Bulk Deal

<h2>Gensol Engineering</h2>Recent filing: (BUSINESS UPDATE) <a href="https://www.sovrenn.com/prime/gensol-engineering-limited">Gensol Engineering</a> achieved revenue of INR 314 Crores in Q2 FY25, reflecting a 58% YoY growth compared to INR 199 Crores in Q2 FY24. Company maintains its INR 2,000 Cr topline guidance for FY25, with the bulk of revenue expected in H2.SUMMARY: 5y Operating Profit uptrend | 6q Operating Profit uptrend | PE 54.3x (Sector PE range 50-90) | <a href="https://www.sovrenn.com/discovery/preferential-issuance/gensol-engineering">Fund raise</a> | Institutional entry | Geographical Expansion | <a href="https://www.sovrenn.com/discovery/large-order-receipts/gensol-engineering">Large Orders</a> | Orderbook of INR 5,025 Cr (Jun-24) (4.5x of TTM revenue) | <a href="https://www.sovrenn.com/discovery/jv-partnerships-acquisitions/gensol-engineering">Acquisitions</a> | <a href="https://www.sovrenn.com/discovery/promoter-buying/gensol-engineering">Promoter Buying</a> | Solar + EVFUTURE OUTLOOK: As per Q1FY25 Concall, Company had projected revenue guidance of INR 2,000 crore for FY25, a 2.1x increase from the FY24 revenue of INR 963 Cr | Consolidated EBITDA guidance for FY25 set at worth of INR 400 Cr.<ul><li>MCap of INR 3,162 Crore (share price = INR 835 / share) (as on 4th Oct ‘24)</li><li>TTM PE of 54.3x (as on 4th Oct ‘24) Retail float = 20.1% (Jun-24)</li></ul>FOOD FOR THOUGHT: Leveraged capital structure attributed to debt funded acquisition of EVs for leasing to Blu-Smart<h3>Q1. What are the Products and Services offered by Gensol Engineering?</h3>Gensol is involved in the business of solar consulting &amp; EPC. It provides concept to commissioning solar advisory, execution and operation services for solar projects in India and abroad. Expanding its operations, Gensol has also established an EV manufacturing facility in Pune, India, for the development and production of electric three wheelers and four wheelers. Alongside, Gensol offers comprehensive EV leasing solutions and is serving leading ride-hailing players with its buy-and-lease package of EV cars.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at <a href="https://www.sovrenn.com/education">Sovrenn Education</a>&nbsp;<h2>Refex Industries Ltd.</h2>Recent filing: (FUND RAISE) BoD of <a href="https://www.sovrenn.com/prime/refex-industries-limited">Refex Industries</a> approved the issuance of 87 L shares to non-promoters and 1.1 Cr warrants to promoter and non-promoter at INR 468 each, aggregating to INR 928 Cr.SUMMARY: 1y Operating Profit uptrend | 3q Operating Profit uptrend | PE 65.1x (Sector PE range NA) | Business expansion (EV Leasing) | <a href="https://www.sovrenn.com/discovery/jv-partnerships-acquisitions/refex-industries-ltd">Acquisition</a> | <a href="https://www.sovrenn.com/discovery/preferential-issuance/refex-industries-ltd">Fund raise</a> | <a href="https://www.sovrenn.com/discovery/promoter-buying/refex-industries-ltd">Promoter buying</a> | EV LeasingFUTURE OUTLOOK: As per Q1FY25 Investor Presentation, Company is entering into MOUs and alliances with industry associations and environmental organizations for collaborative sustainability initiatives | Company is investing in R&amp;D efforts to explore innovative technologies and processes for ash recycling and utilization, aiming for a revenue growth of 2X through these strategic initiatives | Company will focus on increasing its fleet size to 5,000 EVs by end of FY27 | Company aims to diversify its contract portfolio by engaging in short-term and medium-term agreements with both power generators and buyers nationwide.<ul><li>Mcap of INR 6,577 Crore (share price = INR 545 / share) (as on 4th Oct ’24)</li><li>TTM PE 65.1x (as on 4th Oct ’24) Retail float = 27.6% (Jul-24)</li></ul>FOOD FOR THOUGHT: Intensive working capital cycle | Presence of high counterparty risk in the revenue profile<h3>Q1. What are the Products and Services offered by Refex Industries?</h3>Refex Industries is the first mover in the Refrigerant Gas Vertical. It has an expertise in manufacturing &amp; refilling of refrigerant gases replacing chloro-fluoro-carbons. It recently incorporated a wholly owned subsidiary in the name of ‘Refex Green Mobility’. ‘Refex eVeelz’ is the brand under which the subsidiary operates. Refex eVeelz is one of India’s all-electric 4-wheeler fleet, providing an eco-friendly and environmentally conscious transport solution to corporate employees and other commuters.&nbsp;It offers 100% EV fleet, drivers, infrastructure, and technology. Company is also into the space offering services to power plant like handling and disposal of Fly Ash, Round the clock services for coal yard management, crushing of uncrushed coal and Coal trading to power plants.Finding multibagger stocks is important for building wealth. Discover potential multibaggers at&nbsp;<a href="https://sovrenn.com/discovery">Sovrenn Discovery</a><h2>H. G. Infra Engineering Ltd.</h2>Recent filing: (ORDER) <a href="https://www.sovrenn.com/discovery/jv-partnerships-acquisitions/h.-g.-infra-engineering-ltd">H.G. Infra</a> has secured a project valued at INR 862 crore for the construction of an access-controlled highway. This includes a 4-lane highway with paved shoulders from the TN/AP border (Design Chainage km 61+51) to Puttur (Design Chainage km 81+450) on NH-716, as well as a 6-lane highway with paved shoulders from Mallavaram (Design Chainage km 97+100) to Renigunta (Design Chainage km 114+500) on NH-71, both in Andhra Pradesh. The project, awarded under Hybrid Annuity Mode as part of NH (O) (Chennai-Tirupati Package-II), is expected to be completed over a period of two years.SUMMARY: 6y Operating Profit uptrend | PE 18x (Sector PE range 10-50) | Institutional entry | <a href="https://www.sovrenn.com/discovery/infrastructure/h.-g.-infra-engineering-ltd">Infrastructure</a>FUTURE OUTLOOK: As per Q1FY25 Investor Presentation, Company has a total Order book of INR 15,642 Cr as of June 2024 | As per Q1FY25 Concall, Company committed for an order inflow of INR 11,000 Cr to INR 12,000 Cr in FY25, with a revenue growth of 17% to 18% and a margin of 15% to 16%.<ul><li>MCap of INR 9,678 Crore (share price = INR 1,485 / share) (as on 4th Oct ‘24)</li><li>TTM PE of 18x (as on 4th Oct ‘24) Retail float = 9.0% (Jun-24)</li></ul>FOOD FOR THOUGHT: Client concentration risk: Road projects from NHAI and ARTL contribute to 87% of orderbook as of Dec-23.<h3>Q1. What are the Products and Services offered by H. G. Infra Engineering?</h3>With a resilient two-decade journey,&nbsp;HGIEL&nbsp;has emerged as one of India's fastest-growing construction companies. Its dedication to quality and timely execution has been pivotal in establishing it as a trusted leader in the infrastructure industry. It is engaged in the business of EPC and Maintenance of roads, bridges, flyovers, etc.Also Read: <a href="https://www.sovrenn.com/knowledge/efc-i-subsidiary-incorporation-j-kumar-infraprojects-order-and-rate-gain-travel-business-update">EFC(I) Subsidiary Incorporation, J Kumar Infraprojects Order And RateGain Travel Business Update</a>

Stay informed with the latest insights on Gensol Engineering's business updates, Refex Industries' recent fundraising efforts, and H.G. Infra Engineering's infrastructure projects. Discover how these developments are shaping the future of India's engineering and industrial landscape.

Gensol Engineering Business Update, Refex Industries Fund Raise And H. G. Infra Engineering Infra 

<h2>EFC(I) Ltd</h2>Recent filing: (SUBSIDIARY INCORPORATION) <a href="https://www.sovrenn.com/discovery/stocks-with-correction/efc(i)-ltd">EFC</a> has incorporated two wholly-owned subsidiaries namely EFC Estate Marisoft 14 Private Limited and EFC Estate Marisoft 23 Private Limited to carry on business of designing, developing, fitting furniture &amp; fixtures and leasing the property on services / managed office terms to large corporates / single client.FUTURE OUTLOOK: As per the Q1FY25 concall, Company is geared up to double its top line by FY25.<ul><li>MCap of INR 2,275 Crore (share price = INR 457 / share) (as on 3rd Oct ‘24)</li><li>TTM PE 33.5x (as on 3rd Oct ‘24) Retail float = 14.8% (Jun-24)</li></ul>FOOD FOR THOUGHT: Designated person sold 71L worth of shares in Dec’23.<h3>Q1. What are the Products and Services offered by EFC(I) Ltd?</h3>Entrepreneurial Facilitation Centre, EFC Limited is a leading real estate enterprise offering transformative managed office space solutions for entrepreneurs, small and medium enterprises (SMEs), and large corporations. Company possesses leasing solutions for co-working spaces, managed offices, and enterprise offices that deliver desirable services for all business needs.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at <a href="https://www.sovrenn.com/education">Sovrenn Education</a>&nbsp;<h2>J Kumar Infraprojects Ltd.</h2>Recent filing: (ORDER) <a href="https://www.sovrenn.com/discovery/revenue-guidance/j-kumar-infraprojects-ltd">J Kumar</a> has received Letter of Acceptance (LoA) worth INR 1,848 Cr for the Design and Construction of elevated road in Thane city from Anand Nagar to Saket on eastern express Highway from M/s. Mumbai Metropolitan Region Development Authority (MMRDA), needs to be executed within 4 years.SUMMARY: 4y Operating Profit uptrend | PE 16.7x (Sector PE range 10-50) | Orderbook of INR 19,820 Cr (Jun-24) (4x of TTM Revenue) | <a href="https://www.sovrenn.com/nested/Star%20Investors">Ace Investor</a> | Institutional entry | <a href="https://www.sovrenn.com/discovery/large-order-receipts/j-kumar-infraprojects-ltd">Large Order</a> |<a href="https://www.sovrenn.com/discovery/infrastructure/j-kumar-infraprojects-ltd"> Infrastructure</a>FUTURE OUTLOOK: As per the Q1FY25 Concall, Company wants to be a \$1 billion revenue company by FY27 with the order book of around INR 25,000 Cr Company anticipated top-line growth for FY25 is around INR 5,600 to 5,700 Cr.<ul><li>MCap of INR 5,706 Crore (share price = INR 754 / share) (as on 3rd Oct ‘24)</li><li>TTM PE 16.7x (as on 3rd Oct ‘24) Retail float = 10.3% (Jun-24)</li></ul>FOOD FOR THOUGHT: Highly competitive sector.<h3>Q1. What are the Products and Services offered by J Kumar Infraprojects?</h3>JKumar Infraprojects is engaged in the business of constructing Flyovers, Bridges &amp; Roads, Skywalks, Urban infra, Dams &amp; Canals, Underground Metro and Railways. Its executed projects include Mumbai Metro line 7 and 2A, Delhi Underground Metro, Ahmedabad metro, Grant Road Skywalk etc.Finding multibagger stocks is important for building wealth. Discover potential multibaggers at&nbsp;<a href="https://sovrenn.com/discovery">Sovrenn Discovery</a><h2>RateGain Travel Technologies Ltd.</h2>Recent filing: (BUSINESS UPDATE) <a href="https://www.sovrenn.com/prime/rategain-travel-technologies">RateGain Travel Technologies</a> in partnership with Adara and Visit California, achieved an impressive 223x return on investment (ROI) through targeted digital marketing campaigns, enhancing the performance of destination marketing organizations (DMOs) by leveraging real-time travel intent data.SUMMARY: 5y Operating Profit uptrend | PE 52.6x (Sector PE range 50-100) | <a href="https://www.sovrenn.com/discovery/preferential-issuance/rategain-travel-technologies-ltd">Fund Raise</a> | <a href="https://www.sovrenn.com/discovery/jv-partnerships-acquisitions/rategain-travel-technologies-ltd">Partnerships </a>| Institutional Entry | <a href="https://www.sovrenn.com/discovery/tech-platform/rategain-travel-technologies-ltd">Tech Platform</a>FUTURE OUTLOOK: As per FY25 AGM Update, Company's goal is to double its revenue from FY24 within the next three years, by FY27 | As per Q1FY25 Concall, Company management reiterated a revenue growth target of 20% for FY25, and expected margin improvement of 150 to 200 basis points YoY.As per Q1FY25 Investor Presentation, Company has healthy pipeline of INR 555 Cr with traction across segments.<ul><li>MCap of INR 8,727 Crore (share price = INR 740 / share) (as on 3rd Oct '24)</li><li>TTM PE of 52.6x (as on 3rd Oct '24) Retail float = 10.5% (Jun-24)</li></ul>FOOD FOR THOUGHT: Megha Chopra (Promoter) reduced her stake from 12.1% in Mar -24 to 9.5% in Jun-24. Some of this were picked up by funds.<h3>Q1. What are the Products and Services offered by RateGain Travel Technologies?</h3>Founded in 2004, RateGain Travel is a global provider of SaaS solutions for travel and hospitality that works with 2800+ customers and 700+ partners in 100+ countries, helping them accelerate revenue generation through acquisition, retention, and wallet share expansion.Also Read: <a href="https://www.sovrenn.com/knowledge/wonderla-holidays-and-senco-gold-fund-raise-tilaknagar-industries-new-whisky">Wonderla Holidays And Senco Gold Fund Raise, Tilaknagar Industries New Whisky</a>

Get insights into EFC(I)'s subsidiary incorporation, J Kumar Infraprojects' latest order updates, and RateGain Travel's business developments. Stay updated on industry news and growth strategies.

EFC(I) Subsidiary Incorporation, J Kumar Infraprojects Order And RateGain Travel Business Update

<h2>Wonderla Holidays Ltd.</h2>Recent filing: (FUND RAISE) Board Meeting of <a href="https://www.sovrenn.com/discovery/capacity-expansions-&amp;-new-product-launches/wonderla-holidays-ltd">Wonderla Holidays</a> to be held on 04-Oct-2024 to consider fund raise.SUMMARY: 2y Operating profit uptrend | PE 37.3x (Sector PE range 30-60) | Institutional entry | <a href="https://www.sovrenn.com/discovery/promoter-buying">Promoter Buying</a> | New Park | <a href="https://www.sovrenn.com/discovery/preferential-issuance/wonderla-holidays-ltd">Fund Raise</a> | <a href="https://www.sovrenn.com/discovery/hotel-hospitality-and-travel/wonderla-holidays-ltd">Hotels and Hospitality</a><ul><li>MCap of INR 5,106 Crore (share price = INR 907 / share) (as on 1st Oct ‘24)</li><li>TTM PE 37.3x (as on 1st Oct ‘24) Retail float = 12% (Jun-24)</li></ul>FOOD FOR THOUGHT: Highly competitive sector.<h3>Q1. What are the Products and Services offered by Wonderla Holidays Ltd ?</h3>Wonderla Holidays Ltd. is one of the best amusement parks operators in India. The company currently owns and operates three amusement parks, one each in Kochi, Bengaluru and Hyderabad and a resort in Bengaluru.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at <a href="https://www.sovrenn.com/education">Sovrenn Education</a>&nbsp;<h2>Senco Gold Ltd.</h2>Recent filing: (FUND RAISE) Board Meeting of <a href="https://www.sovrenn.com/discovery/revenue-guidance/senco-gold-ltd">Senco Gold</a> to be held on 04-Oct-2024 to consider fund raise.SUMMARY: 4y Operating Profit uptrend | PE 53.6x (Sector PE range 30-70) | Institutional Entry | New Showrooms | Geographical Expansion | <a href="https://www.sovrenn.com/discovery/preferential-issuance/senco-gold-ltd">Fund Raise</a> | <a href="https://www.sovrenn.com/discovery/consumption/senco-gold-ltd">Consumption</a>FUTURE OUTLOOK: Company is expecting a top-line growth of 18% to 20% in FY25, driven by a mix of SSSG and new store growth.<ul><li>MCap of INR 11,440 Crore (share price = INR 1,472 / share) (as on 1st Oct ‘24)</li><li>TTM PE of 53.6x (as on 1st Oct ‘24) Retail float = 9.4% (Jun-24)</li></ul>FOOD FOR THOUGHT: Company operates 75 company-owned and 61 franchise stores. Half of company-owned stores are in West Bengal, generating 67% of FY23 revenues. This poses geographical concentration risk, but it's decreasing with plans to expand outside West Bengal.<h3>Q1. What are the Products and Services offered by Senco Gold?</h3>Senco Gold is the largest organized jewellery retail player in the eastern region of India. It primarily sells gold and diamond jewellery and also sells jewellery made of silver, platinum and precious and semi-precious stones and other metals. Other offerings of the company includes costume jewellery, gold and silver coins and utensils made of silver.Finding multibagger stocks is important for building wealth. Discover potential multibaggers at&nbsp;<a href="https://sovrenn.com/discovery">Sovrenn Discovery</a><h2>Tilaknagar Industries Ltd.</h2>Recent filing: (NEW WHISKY) <a href="https://www.sovrenn.com/prime/tilaknagar-industries-limited">Tilaknagar Industries</a> has launched Mansion House Gold Barrel Whisky, a premium blend of Scotch malts and Indian grain spirits. Initially available in Assam, the product will soon roll out across other key markets in India.SUMMARY: 5y Operating Profit uptrend | PE 37x (Sector PE range 30-70) | Institutional entry | Alcoholic BeveragesFUTURE OUTLOOK: As per Q4FY24 Concall, Company expecting double-digit volume growth for the current FY and for next year would be somewhere around 11% to 13% on existing business front.<ul><li>MCap of INR 5,749 Crore (share price = INR 298 / share) (as on 1st Oct ‘24)</li><li>TTM PE of 37x (as on 1st Oct ‘24) Retail float = 12.5% (Jun-24)</li></ul>FOOD FOR THOUGHT: Highly competitive sector.<h3>Q1. What are the Products and Services offered by Tilaknagar Industries?</h3>Tilaknagar Industries is one of the largest premium brandy manufacturers in India with presence across all segments of IMFL (Indian made Foreign Liquor), super-premium (&gt; INR 1,000), premium (INR 700 - 1,000) and deluxe (INR 500- 700). It has 15+ brands across products and gets 85% of its revenues from South India.Also Read: <a href="https://www.sovrenn.com/knowledge/avantel-order-electronics-mart-india-new-store-and-gravita-india-fund-raise">Avantel Order, Electronics Mart India New Store And Gravita India Fund Raise</a>

Wonderla Holidays and Senco Gold raise funds for expansion, while Tilaknagar Industries launches a new premium whisky, showcasing strategic growth in amusement parks, jewelry, and spirits markets.

Wonderla Holidays And Senco Gold Fund Raise, Tilaknagar Industries New Whisky

<h2>Avantel Ltd.</h2>Recent filing: (ORDER) <a href="https://www.sovrenn.com/prime/avantel-limited">Avantel</a> has received a Purchase Order worth INR 44.5 Cr from Larsen &amp; 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) | <a href="https://www.sovrenn.com/discovery/capacity-expansions-&amp;-new-product-launches/avantel-ltd">Capacity expansion</a> | <a href="https://www.sovrenn.com/nested/Star%20Investors">Ace Investor</a> | <a href="https://www.sovrenn.com/discovery/defence/avantel-ltd">Defence</a><ul><li>Mcap of INR 4,473 Crore (share price = INR 184 / share) (as on 30th Sep ‘24)</li><li>TTM PE 81.6x (as on 30th Sep ‘24) Retail float = 30.3% (Jun-24)</li></ul>FOOD FOR THOUGHT: Revenue concentration (63% from top 3 clients in defence sector and SATCOM industry) | Promoter selling (INR 90L in Feb-24)<h3>Q1. What are the Products and Services offered by Avantel ?</h3>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.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at <a href="https://www.sovrenn.com/education">Sovrenn Education</a>&nbsp;<h2>Electronics Mart India</h2>Recent filing: (NEW STORE) <a href="https://www.sovrenn.com/discovery/revenue-guidance/electronics-mart-india">Electronics Mart</a> 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 | <a href="https://www.sovrenn.com/discovery/consumption/electronics-mart-india">Consumption</a>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.<ul><li>MCap of INR 7,974 Crore (share price = INR 207/ share) (as on 30th Sep ‘24)</li><li>TTM PE 40.6x (as on 30th Sep ‘24) Retail float = 4% (Jun-24)</li></ul>FOOD FOR THOUGHT: High competition from e-commerce | Inventory obsolescence risk<h3>Q1. What are the Products and Services offered by Electronics Mart India?</h3>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.Finding multibagger stocks is important for building wealth. Discover potential multibaggers at&nbsp;<a href="https://sovrenn.com/discovery">Sovrenn Discovery</a><h2>Gravita India Ltd.</h2>Recent filing: (FUND RAISE) BoD meeting of <a href="https://www.sovrenn.com/discovery/revenue-guidance/gravita-india-ltd">Gravita India</a> is scheduled on 04/10/2024 to consider fund raise.SUMMARY: 2y Operating Profit uptrend | PE 66.5x (Sector PE range 30-50) | <a href="https://www.sovrenn.com/discovery/excellent-results-(jun-24)/gravita-india-ltd">Excellent Jun-24 results</a> | Institutional Entry | <a href="https://www.sovrenn.com/discovery/jv-partnerships-acquisitions/gravita-india-ltd">Acquisition</a> | <a href="https://www.sovrenn.com/discovery/capacity-expansions-&amp;-new-product-launches/gravita-india-ltd">Capacity expansion</a> | <a href="https://www.sovrenn.com/discovery/sustainability-and-recycling/gravita-india-ltd">Sustainability and Recycling</a>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.<ul><li>MCap of INR 16,921 Crore (share price = INR 2,451 / share) (as on 30th Sep ‘24)</li><li>TTM PE 66.5x (as on 30th Sep ‘24) Retail float = 14.2% (Jun-24)</li></ul>FOOD FOR THOUGHT: PE is above sector range.<h3>Q1. What are the Products and Services offered by Gravita India?</h3>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.Also Read: <a href="https://www.sovrenn.com/knowledge/ceinsys-tech-order-kilburn-engineering-promoter-buying-and-k-p-energy-order">Ceinsys Tech Order, Kilburn Engineering Promoter Buying And K.P. Energy Order</a>

Get the latest updates on Avantel's new order, Electronics Mart India's store expansion, and Gravita India's fundraise plans. Explore the growth strategies driving these companies forward in 2024.

Avantel Order, Electronics Mart India New Store And Gravita India Fund Raise

<h2>Ceinsys Tech Ltd.</h2>Recent filing: (ORDER) <a href="https://www.sovrenn.com/prime/ceinsys-tech-limited">Ceinsys Tech</a> has received letter of acceptance (LoA) worth INR 29.2 Cr from City And Industrial Development Corporation of Maharashtra Limited (CIDCO) for Selection of Service Provider for Implementation of Integrated GIS Enterprises, needs to be completed by 36 months including Operation and Maintenance.SUMMARY: 3y Operating Profit uptrend | PE 31.2x (Sector PE range 30-50) | <a href="https://www.sovrenn.com/discovery/preferential-issuance/ceinsys-tech-ltd">Fund Raise</a> | Orderbook of INR 750 Cr (Jun-24) (2.7x of TTM revenue) | <a href="https://www.sovrenn.com/discovery/new-age-it/ceinsys-tech-ltd">New-Age IT</a><ul><li>MCap of INR 1,201 Crore (share price = INR 735 / share) (as on 27th Sep ‘24)</li><li>TTM PE of 31.2x (as on 27th Sep ‘24) Retail float = 24% (Jun-24)</li></ul>FOOD FOR THOUGHT: Risk of timing of receivables from Govt. bodies<h3>Q1. What are the Products and Services offered by Ceinsys Tech?</h3>Established in 1998, Ceinsys Tech Limited is leveraging smart technology and analytics to deliver new age solutions in the geospatial and engineering domains. The service offerings of the company include Geospatial Services, Risk Analytics, Engineering Support, Digital Enterprise, Consulting Service and Software Solutions to various industries like Water, Oil &amp; Gas, Energy, Telecom, Transport etc.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at <a href="https://www.sovrenn.com/education">Sovrenn Education</a>&nbsp;<h2>Kilburn Engineering Ltd.</h2>Recent filing: (PROMOTER BUYING) Firstview Trading Private Limited (Promoter) bought 25k shares of <a href="https://www.sovrenn.com/prime/kilburn-engineering-limited">Kilburn Engineering</a> at INR 413/share, aggregating to INR 1 Cr.SUMMARY: 4y Operating Profit uptrend | PE 34.9x (Sector PE range 30-60) | <a href="https://www.sovrenn.com/discovery/preferential-issuance/kilburn-engineering-ltd">Fund raise</a> | <a href="https://www.sovrenn.com/discovery/jv-partnerships-acquisitions/kilburn-engineering-ltd">Acquisition</a> | <a href="https://www.sovrenn.com/discovery/promoter-buying/kilburn-engineering-ltd">Promoter buying</a> | Institutional entry | <a href="https://www.sovrenn.com/discovery/capital-goods/kilburn-engineering-ltd">Capital Goods – Non Electrical Equipment</a>FUTURE OUTLOOK: As per Q1FY25 Concall, Company has projected revenue guidance of INR 500 Cr for FY25, and guiding for 20%+ EBITDA margin | Company has INR 370 Cr worth of Orders in hand and INR 2,000 Cr worth of Orders in the inquiry pipeline.<ul><li>MCap of INR 1,924 Crore (share price = INR 425 / share) (as on 27th Sep ‘24)</li><li>TTM PE of 34.9x (as on 27th Sep ‘24) Retail float = 14.7% (Jul-24)</li></ul>FOOD FOR THOUGHT: Working capital extensive business.<h3>Q1. What are the Products and Services offered by Kilburn Engineering ?</h3>Company offers comprehensive range of dryers for solid, liquid and gas to cover wide range of industries: chemical, petrochemical, oil &amp; gas, refineries power, steel, cement, fertilizer, mining, sewage treatment, food etc. It also manufactures specially designed packages for onshore and offshore applications.Finding multibagger stocks is important for building wealth. Discover potential multibaggers at&nbsp;<a href="https://sovrenn.com/discovery">Sovrenn Discovery</a><h2>K.P. Energy Ltd.</h2>Recent filing: (ORDER) <a href="https://www.sovrenn.com/prime/k.p.-energy-limited">K.P. Energy</a> has received the order from the Hon’ble Gujarat Electricity Regulatory Commission (GERC) approving the Power Purchase Agreement (‘PPA’) signed between the Company and Gujarat Urja Vikas Nigam Limited (GUVNL). Company shall develop the 30MW wind power project under its IPP segment and sell the energy to GUVNL as per the terms of the PPA.&nbsp;This order marks a significant milestone for the Company, as the execution of this project will expand Company’s existing IPP capacity to approximately 50 MW, needs to be completed in Q4 FY25.SUMMARY: 5y Operating Profit uptrend | PE 50.6x (Sector PE range 50-90) | <a href="https://www.sovrenn.com/discovery/preferential-issuance/k.p.-energy-ltd">Fund raise</a> | <a href="https://www.sovrenn.com/discovery/promoter-buying/k.p.-energy-ltd">Promoter buying</a> | Strategic Partnerships | <a href="https://www.sovrenn.com/discovery/green-energy/k.p.-energy-ltd">Clean Energy</a>FUTURE OUTLOOK: Company has Projects in Hand totaling 1,009 MW.<ul><li>MCap of INR 3,066 Crore (share price = INR 460 / share) (as on 27th Sep ‘24)</li><li>TTM PE 50.6x (as on 27th Sep ‘24) Retail float = 27.2% (Jun-24)</li></ul>FOOD FOR THOUGHT: Selling by Director and Immediate Relatives.<h3>Q1. What are the Products and Services offered by K.P. Energy?</h3>KP Energy Limited is a balance of plant (BoP) solution provider for the Wind Energy industry. The company engages throughout the development process of wind farms, right from conceptualization until the commissioning of the project.Also Read: <a href="https://www.sovrenn.com/knowledge/sg-finserve-rbi-approval-gensol-engineering-promoter-buying-and-capacite-infraprojects-block-deal">SG Finserve RBI Approval, Gensol Engineering Promoter Buying And Capacite Infraprojects Block Deal</a>

Stay updated on the latest developments in the Indian engineering sector with insights into Ceinsys Tech's new order acquisition, Kilburn Engineering's promoter buying activity, and K.P. Energy's recent order announcement. Discover how these events impact market trends and the future of these companies.

Ceinsys Tech Order, Kilburn Engineering Promoter Buying  And K.P. Energy Order

<h2>SG Finserve Ltd.</h2>Recent filing: (RBI APPROVAL) <a href="https://www.sovrenn.com/discovery/excellent-results-(mar-24)/sg-finserve-ltd">SG Finserve Ltd.</a> had submitted an application to the Reserve Bank of India (RBI) on August 6, 2024, seeking approval for obtaining NBFC Type-II status. RBI, through its email dated September 25, 2024, has approved the Company's proposal for conversion from NBFC Type-I to&nbsp;NBFC&nbsp;Type-II.SUMMARY: 3y Operating Profit uptrend | PE 35.9x (Sector PE range 20-40) | <a href="https://www.sovrenn.com/discovery/preferential-issuance/sg-finserve-ltd">Fund raise</a> | <a href="https://www.sovrenn.com/nested/Star%20Investors">Ace Investor</a> | <a href="https://www.sovrenn.com/discovery/promoter-buying">Promoter Buying</a> | Institutional Entry | <a href="https://www.sovrenn.com/discovery/nbfc/sg-finserve-ltd">NBFC</a><ul><li>MCap of INR 2,950 Crore (share price = INR 528 / share) (as on 26th Sep ‘24)</li><li>TTM PE 35.9x (as on 26th Sep ‘24) Retail float = 8.2% (Jun-24)</li></ul>FOOD FOR THOUGHT: Highly competitive sector.<h3>Q1. What are the Products and Services offered by SG Finserve Limited?</h3>SG Finserve Limited is Non-Banking Finance Company that caters to Supply Chain Financing solutions for Indian Conglomerates up to the last possible tier. SGFL specializes in providing financing solutions to Dealers/ Distributors, Vendors, Retailers, Logistic providers etc. through seamless tech platform solution.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at <a href="https://www.sovrenn.com/education">Sovrenn Education</a>&nbsp;<h2>Gensol Engineering</h2>Recent filing: (PROMOTER BUYING) Anmol Singh Jaggi (Promoter) bought 12k shares of <a href="https://www.sovrenn.com/prime/gensol-engineering-limited">Gensol Engineering</a> at INR 851/share, aggregating to INR 1 Cr.SUMMARY: 5y Operating Profit uptrend | 6q Operating Profit uptrend | PE 54.7x (Sector PE range 50-90) | <a href="https://www.sovrenn.com/discovery/preferential-issuance/gensol-engineering">Fund raise</a> | Institutional entry | Geographical Expansion | <a href="https://www.sovrenn.com/discovery/large-order-receipts/gensol-engineering">Large Orders</a> | Orderbook of INR 5,025 Cr (Jun-24) (4.5x of TTM revenue) | <a href="https://www.sovrenn.com/discovery/jv-partnerships-acquisitions/gensol-engineering">Acquisitions </a>| <a href="https://www.sovrenn.com/discovery/promoter-buying/gensol-engineering">Promoter Buying</a> | Solar + EVFUTURE OUTLOOK: As per Q1FY25 Concall, Company had projected revenue guidance of INR 2,000 crore for FY25, a 2.1x increase from the FY24 revenue of INR 963 crore. Additionally, the company expects to maintain consolidated EBITDA margins at 25%-26%.<ul><li>MCap of INR 3,187 Crore (share price = INR 841 / share) (as on 26th Sep ‘24)</li><li>TTM PE of 54.7x (as on 26th Sep ‘24) Retail float = 20.1% (Jun-24)</li></ul>FOOD FOR THOUGHT: Leveraged capital structure attributed to debt funded acquisition of EVs for leasing to Blu-Smart<h3>Q1. What are the Products and Services offered by SG Finserve Limited?</h3>Gensol is involved in the business of solar consulting &amp; EPC. It provides concept to commissioning solar advisory, execution and operation services for solar projects in India and abroad. Expanding its operations, Gensol has also established an EV manufacturing facility in Pune, India, for the development and production of electric three wheelers and four wheelers. Alongside, Gensol offers comprehensive EV leasing solutions and is serving leading ride-hailing players with its buy-and-lease package of EV cars.Finding multibagger stocks is important for building wealth. Discover potential multibaggers at&nbsp;<a href="https://sovrenn.com/discovery">Sovrenn Discovery</a><h2>Capacite Infraprojects</h2>Recent filing: (BLOCK DEAL) In a block deal, Subir Malhotra bought 3.8L shares of <a href="https://www.sovrenn.com/discovery/revenue-guidance/capacite-infraprojects">Capacite Infraprojects</a> at INR 396/share, aggregating to INR 15 Cr from Rahul Ramnath Katyal.SUMMARY: 1y operating profit uptrend | 3q operating profit uptrend | PE 22.4x (Sector PE range 30-40) | <a href="https://www.sovrenn.com/discovery/excellent-results-(mar-24)/capacite-infraprojects">Excellent Mar-24 results</a> | Orderbook of INR 8,828 Cr (Jun-24) (4.3x of TTM revenue) | <a href="https://www.sovrenn.com/discovery/preferential-issuance/capacite-infraprojects">Fund Raise</a> | <a href="https://www.sovrenn.com/nested/Star%20Investors">Ace Investor</a> | Institutional entry | <a href="https://www.sovrenn.com/discovery/realty-and-building-materials/capacite-infraprojects">Realty</a>FUTURE OUTLOOK: As per Q1FY25 Concall, Company projecting a&nbsp;minimum growth of 25% for FY25 | Aims to achieve INR 3k+ Cr order intake for FY25<ul><li>MCap of INR 3,462 Crore (share price = INR 409 / share) (as on 26th Sep ’24)</li><li>TTM PE of 22.4x (as on 26th Sep ’24) Retail float = 18.9% (Mar-24)</li></ul>FOOD FOR THOUGHT: Negative operating cash flow for FY24<h3>Q1. What are the Products and Services offered by Capacite Infraprojects?</h3>Capacite Infraprojects is a building construction company having presence in MMR, NCR, Bangalore, Hyderabad, Chennai, Kochi and Pune, with specialization in construction of super rise buildings.Also Read: <a href="https://www.sovrenn.com/knowledge/hariom-pipe-industries-fund-raise-sathlokar-synergys-orders-and-maxposure-fund-raise">Hariom Pipe Industries Fund Raise, Sathlokar Synergys Orders And Maxposure Fund Raise</a>

Get insights on SG Finserve's RBI approval, Gensol Engineering's promoter buying activities, and Capacite Infraprojects' recent block deal, highlighting key developments in these companies.

SG Finserve RBI Approval, Gensol Engineering Promoter Buying And Capacite Infraprojects Block Deal 

<h2>Hariom Pipe Industries Ltd.</h2>Recent filing: (FUND RAISE) Board has approved the issuance of equity shares or any other eligible security by way of a qualified institutions placement for an amount not exceeding INR 700 Cr.SUMMARY: 6y Operating Profit uptrend | 2q Operating Profit uptrend | PE 39x (Sector PE range 10-50) | <a href="https://www.sovrenn.com/discovery/excellent-results-(jun-24)/hariom-pipe-industries-ltd">Excellent Jun-24 results</a> | <a href="https://www.sovrenn.com/discovery/preferential-issuance/hariom-pipe-industries-ltd">Fund Raise</a> | Institutional Entry | <a href="https://www.sovrenn.com/discovery/steel-products/hariom-pipe-industries-ltd">Steel Products</a>FUTURE OUTLOOK: As per Jun-24 Investor Presentation, Company’s goal is to reach INR 2,500 Cr in Revenue by FY26 without compromising on profitability.<ul><li>MCap of INR 2,297 Crore (share price = INR 742 / share) (as on 25th Sep ‘24)</li><li>TTM PE 39x (as on 25th Sep ‘24) Retail float = 14.7% (Jun-24)</li></ul>FOOD FOR THOUGHT: Volatility in raw material price.<h3>Q1. What are the Products and Services offered by Hariom Pipe Industries?</h3>Hariom Pipe is a manufacturer of iron and steel products. It is an integrated steel manufacturer with a stronghold in the South Indian market. With a diverse product portfolio consisting of Mild Steel (MS) Billets Pipes and Tubes, Hot Rolled (HR) Coils and Scaffolding Systems, the products cater to a variety of industrial applications.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at <a href="https://www.sovrenn.com/education">Sovrenn Education</a>&nbsp;<h2>Sathlokar Synergys E&amp;C Global Ltd.</h2>Recent filing: (ORDER) <a href="https://www.sovrenn.com/ipo-zone/sathlokar-synergys-e&amp;c-global-ipo">Sathlokhar Synergys</a> has received three Orders worth INR 27.7 Cr, (i) Komatsu India Private Limited worth INR 2.6 Cr for expansion of rear axil warehouse &amp; the Civil, PEB and MEP work, Delivery Completion is December, 2024 (ii) Cistron Systems Pvt Ltd worth INR 6.3 Cr for Execution of Civil and PEB work Electrical works, Delivery Completion is February, 2025 (iii) Vinfast Auto India Private Limited worth INR 18.8 Cr for civil construction Work at Vinfast Factory, Thoothukudi, Tamil Nadu, Delivery Completion is January, 2025.SUMMARY: 3y Operating Profit uptrend | PE 41.2x (Sector PE range 30-60) | IPO | Institutional Entry | EPCFUTURE OUTLOOK: As of Apr-24, Company has around INR 670 Cr worth of orders in hand.<ul><li>MCap of INR 1,079 Crore (share price = INR 447 / share) (as on 25th Sep ‘24)</li><li>TTM PE 41.2x (as on 25th Sep ‘24) Retail float = 11.3% (Aug-24)</li></ul>FOOD FOR THOUGHT: Company’s two third revenue comes from the state of Karnataka.<h3>Q1. What are the Products and Services offered by Sathlokar Synergys?</h3>Company provides EPC services to Solar Projects, MEP Projects, Commercial, Industrial / Warehouses, Pharmaceutical Projects, etc.Finding multibagger stocks is important for building wealth. Discover potential multibaggers at&nbsp;<a href="https://sovrenn.com/discovery">Sovrenn Discovery</a><h2>Maxposure Ltd.</h2>Recent filing: (FUND RAISE) BoD meeting is scheduled on 27/09/2024 to consider fund raise.SUMMARY: 3y Operating Profit uptrend | PE 43.6x (Sector PE range 20-40) | <a href="https://www.sovrenn.com/discovery/preferential-issuance/maxposure-ltd">Fund raise</a> | Entertainment<ul><li>MCap of INR 298 Crore (share price = INR 131 / share) (as on 25th Sep ‘24)</li><li>TTM PE 43.6x (as on 25th Sep ‘24) Retail float = 10.8% (Mar-24)</li></ul>FOOD FOR THOUGHT: PE is above sector range.<h3>Q1. What are the Products and Services offered by Maxposure Ltd?</h3>Incorporated in 2006, Maxposure Limited is one of the few companies in India that offers 360- degree service across multiple content distribution platforms. Its innovative and diverse service portfolio and result-oriented strategies have aided in curating an industry-wide client selection across geographies, including IndiGo, Air India, Gulf Air, Air Arabia, Incredible India, Maruti Suzuki India Limited, Madhya Pradesh Tourism Board, Ministry of External Affairs, Oberoi Hotels and Resorts, and the Taj Group of Hotels, to name a few.&nbsp;On the other hand, the company has developed AeroHub Wireless Streaming Server (WMS) to stream in-flight content at a much higher speed and lesser cost than traditional inflight screens. Maxposure also offers content services in more than 20 languages, including German, Russian, Arabic, Portuguese, Japanese, Chinese, French, Tamil, Marathi, Gujarati, Malayalam, Odia, and more.Also Read: <a href="https://www.sovrenn.com/knowledge/rishi-laser-fund-raise-moneyboxx-finance-insider-buying-and-advait-infratech-investment">Rishi Laser Fund Raise, Moneyboxx Finance Insider Buying And Advait Infratech Investment</a>

Stay updated on the latest financial developments with Hariom Pipe Industries' recent fundraising efforts, Sathlokar Synergys' new order acquisitions, and Maxposure's funding initiatives, showcasing the dynamic landscape of industry growth and investment opportunities.

Hariom Pipe Industries Fund Raise, Sathlokar Synergys Orders And Maxposure Fund Raise

<h2>Rishi Laser Ltd</h2>Recent filing: (FUND RAISE) BoD meeting of Rishi Laser is scheduled on 25/09/2024 to consider fund raise.SUMMARY: 5y Operating Profit uptrend | PE 18.4x (Sector PE range 30-60) | <a href="https://www.sovrenn.com/discovery/preferential-issuance/rishi-laser-ltd">Fund raise</a> | Capital Goods Non-Electrical EquipmentFUTURE OUTLOOK: In the FY24 Concall, it was noted that the Pune plant is three times larger than the Bangalore plant but produces less than half the business, highlighting growth potential. With the new facility and resources, the company can scale up to achieve business volumes of INR 250-300 Cr.<ul><li>MCap of INR 151 Crore (share price = INR 164 / share) (as on 24th Sep ‘24)</li><li>TTM PE 18.4x (as on 24th Sep ‘24) Retail float = 31.4% (Jun-24)</li></ul>FOOD FOR THOUGHT: Low promoter holding.<h3>Q1. What are the Products and Services offered by Rishi Laser Ltd?</h3>Company is one of India’s largest steel fabricators, specializing in precision sheet steel fabrication with over 16 CNC Laser Cutting Machines across six units in five states. ISO 9001:2015 certified, it employs lean manufacturing and advanced technologies like CNC Laser Cutting, Plasma &amp; Gas Cutting, and Multi-Axis Welding Robots. With a skilled workforce and modern infrastructure, the company offers comprehensive fabrication solutions and has achieved significant milestones through efficient production practices.*Finding multibagger stocks is important for building wealth. Discover potential multibaggers at&nbsp;<a href="https://sovrenn.com/discovery">Sovrenn Discovery</a><h2>Moneyboxx Finance Ltd</h2>Recent filing: (INSIDER BUYING) Praveen Gupta (Designated Person) bought 5.3k shares at INR 260/share, aggregating to INR 13.8 L.SUMMARY: 5y Operating Profit uptrend | 7q Operating Profit uptrend |<a href="https://www.sovrenn.com/discovery/excellent-results-(jun-24)/moneyboxx-finance-ltd"> Excellent Jun-24 results</a> | PE 72.2x (Sector PE range 10-20) | <a href="https://www.sovrenn.com/discovery/preferential-issuance/moneyboxx-finance-ltd">Fund raise</a> | Promoter Buying | Institutional Entry | Geographical Expansion | <a href="https://www.sovrenn.com/discovery/nbfc/moneyboxx-finance-ltd">Financial Services</a>FUTURE OUTLOOK: Company has a target of reaching 150 -175 branches from 113 currently, and increase its presence across 12 states from&nbsp;8&nbsp;currently.<ul><li>MCap of INR 853 Crore (share price = INR 279 / share) (as on 24th Sep ‘24)</li><li>TTM PE 72.2x (as on 24th Sep ‘24) Retail float = 9.64% (Jun-24)</li></ul>FOOD FOR THOUGHT: PE is above sector range.<h3>Q1. What are the Products and Services offered by Moneyboxx Finance Ltd?</h3>Moneyboxx Finance is engaged in the business of providing small-ticket business loans to micro and small enterprises.Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at <a href="https://www.sovrenn.com/education">Sovrenn Education</a>&nbsp;<h2>Advait Infratech Ltd.</h2>Recent filing: (INVESTMENT) wholly owned subsidiary of <a href="https://www.sovrenn.com/prime/advait-infratech-limited">Advait Infratech</a> has made further investment in TECO 2030 AS. TECO 2030, a Norwegian-based clean-tech listed Company. Post this 2nd tranche of investment, Advait Energy Holding AS holds 4.89% shares of TECO 2030 AS.&nbsp;This investment is part of a strategic initiative to establish a business relationship with the TECO 2030 ASA in line with the MOU made by the Company as intimate to the exchange on 11th April, 2024 which aimed at the collaboration of both parties to leverage their respective strengths to contribute towards the advancement of clean energy solutions by develop, manufacture, and commercialize TECO 2030 Fuel Cell Technology in Indian as well as SRAAC Market.SUMMARY: 6y Operating Profit uptrend | PE 71.4x (Sector PE range 50-90) | <a href="https://www.sovrenn.com/discovery/preferential-issuance/advait-infratech-ltd">Fund raise</a> | <a href="https://www.sovrenn.com/discovery/large-order-receipts/advait-infratech-ltd">Large Order</a>| MoUs | <a href="https://www.sovrenn.com/nested/Star%20Investors">Ace Investor</a> | <a href="https://www.sovrenn.com/discovery/green-energy/advait-infratech-ltd">Green Energy</a> | Power and Telecom InfraFUTURE OUTLOOK: As per FY24 Investor presentation Order Inflow: INR 210 Cr.<ul><li>MCap of INR 1,843 Crore (share price = INR 1,805/share) (as on 24th Sep ‘24)</li><li>TTM PE 71.4x (as on 24th Sep ‘24) Retail float = 16.1% (Jul-24)</li></ul>FOOD FOR THOUGHT: Intensely competitive EPC industry given low barriers to entry | Dependence on tenders floated by government<h3>Q1. What are the Products and Services offered by Advait Infratech Ltd?</h3>Since its establishment in 2009, the Company has been at the forefront of delivering robust products and solutions tailored for power transmission, substation, and telecommunication infrastructure. In 2023, it has diversified into green energy, through its entrance into the supply of electrolysers and fuel cells. The Company has also extended its impact into climate services, focusing on sustainability consultancy, decarbonization consultancy, and comprehensive carbon consultancy services.Also Read: <a href="https://www.sovrenn.com/knowledge/rishi-laser-ltd-technical-collaboration-remsons-industries-bulk-deal-and-ceigall-india-order">Rishi Laser Ltd Technical Collaboration, Remsons Industries Bulk Deal And Ceigall India Order</a>

Explore the latest financial highlights with Rishi Laser's successful fundraising efforts, insider buying trends at Moneyboxx Finance, and Advait Infratech's strategic investments, providing insights into the evolving landscape of investment and growth in the market.

Date	Title
Oct 22nd 24	Sovrenn Daily News - 22nd Oct 2024
Oct 21st 24	Tirupati Forge Fund Raise, Tejas Networks Excellent Results And Anand Rathi Wealth Good to Excellent Results
Oct 18th 24	RPP Infra Projects Order, BLS International Acquisition And Bondada Engineering Fund Raise
Oct 17th 24	Aditya Birla Money Excellent Results, Titagarh Rail Systems Bulk Deal And PG Electroplast Fund Raise
Oct 16th 24	Tembo Global Industries Power Purchase Agreement, Dynacons Systems & Solutions Appraisal And TD Power Systems Order
Oct 15th 24	Marine Electricals Capacity Expansion, Transformers & Rectifiers Block Deal And KPI Green Energy Order
Oct 14th 24	Infollion Research Services Good to Excellent Results, Gensol Engineering Order And Sanghvi Movers Subsidiary Incorporation
Oct 11th 24	Vishnu Prakash R Punglia Order, Aurionpro Solutions Deal And Manoj Ceramic Fund Raise
Oct 10th 24	Crown Lifters Order, Salzer Electronics Aggressive Hiring And Techera Engineering Acquisition
Oct 9th 24	WPIL Acquisition, Ceinsys Tech And Krishna Defence & Allied Industries Order
Oct 8th 24	AVG Logistics Conversion of Warrants, Shivalic Power Control Business Excellent Results Update And Transformers & Rectifiers
Oct 7th 24	Avantel Excellent Results, Ceigall India Order And Sahasra Electronics Bulk Deal
Oct 4th 24	Gensol Engineering Business Update, Refex Industries Fund Raise And H. G. Infra Engineering Infra
Oct 3rd 24	EFC(I) Subsidiary Incorporation, J Kumar Infraprojects Order And RateGain Travel Business Update
Oct 1st 24	Wonderla Holidays And Senco Gold Fund Raise, Tilaknagar Industries New Whisky
Sep 30th 24	Avantel Order, Electronics Mart India New Store And Gravita India Fund Raise
Sep 27th 24	Ceinsys Tech Order, Kilburn Engineering Promoter Buying And K.P. Energy Order
Sep 26th 24	SG Finserve RBI Approval, Gensol Engineering Promoter Buying And Capacite Infraprojects Block Deal
Sep 25th 24	Hariom Pipe Industries Fund Raise, Sathlokar Synergys Orders And Maxposure Fund Raise
Sep 24th 24	Rishi Laser Fund Raise, Moneyboxx Finance Insider Buying And Advait Infratech Investment

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