CFF Fluid Control Fund Raise, RateGain Travel Appointment And Nibe Ltd. MoUs

CFF Fluid Control Ltd.

Recent filing: (FUND RAISE) Earlier on 5th Sep-24, CFF Fluid filed stating that BoD had approved the raising of funds for an amount not exceeding INR 2 Cr. However, in a revised filing, CFF Fluid Control now states that it was a typographical error, and the Board had actually approved the issuance of 15.3L equity shares. Price is not fixed yet.

SUMMARY: 3y Operating Profit uptrend | PE 80.3x (Sector PE range 50-100) | Fund Raise | Large Order | Defense

  • MCap of INR 1,373 Crore (share price = INR 705 / share) (as on 10th Sep ‘24)
  • TTM PE 80.3x (as on 10th Sep ‘24) Retail float = 12.9% (Mar-24)

FOOD FOR THOUGHT: Negative operating cash flow for FY24.

Q1. What are the Products and Services offered by CFF Fluid Control?

CFF Fluid Control Limited, specializes in fluid control products for submarines, tanks and missiles, offering a range of equipment such as isolation valves, control valves, pressure relief valves, reducing stations, fittings and orifice plates.

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RateGain Travel Technologies Ltd.

Recent filing: (APPOINTMENT) Rategain announced that its Founder and Managing Director, Bhanu Chopra, has been elected as Co-Chair of ASSOCHAM’s National Council on Travel & Tourism. With his extensive expertise, Bhanu is deeply committed to integrating AI into travel, aligning his efforts with government initiatives that position India as a leader in AI-driven solutions. 

Bhanu’s passion for combining technology with tourism will help redefine visitor experiences, drive innovation, and support the nation's goal of making travel a key economic pillar.

SUMMARY: 5y Operating Profit uptrend | PE 51.3x (Sector PE range 50-100) | Fund Raise | Partnerships | Institutional Entry | Tech Platform

FUTURE OUTLOOK: 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 growth INR 555 Cr with traction across segments.

  • MCap of INR 8,499 Crore (share price = INR 721 / share) (as on 10th Sep '24)
  • TTM PE of 51.3x (as on 10th Sep '24) Retail float = 10.5% (Jun-24)

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.

Q1. What are the Products and Services offered by RateGain Travel Technologies?

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.

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Nibe Ltd.

Recent filing: (MoUs) Nibe Space Private Limited, Subsidiary of Nibe Limited has signed Memorandum of Understanding with leading infra & Defence Companies and Startups of India (L&T, Centrum Electronics, Space Field, Thales, etc.) to collaborate as a consortium for supply of equipment, services, skills, systems and support services etc. for its aim to build and operate a Private Earth Observation Constellation & corresponding ground segment to provide constellation on lease basis, offer images and analytics as a service. These MOUs are valid for a period of 12 to 24 months.

SUMMARY: 3y Operating Profit uptrend | PE 103x (Sector PE range 50-100) | Fund raise | Institutional entry | Partnerships | Acquisitions | Large Order | Entry into Aerospace | Defence

  • MCap of INR 2,678 Crore (share price = INR 2,039 / share) (as on 10th Sep ‘24)
  • TTM PE of 103x (as on 10th Sep ‘24) Retail float = 24.5% (Aug-24)

FOOD FOR THOUGHT: PE is above sector range

Q1. What are the Products and Services offered by Nibe Ltd?

NIBE is into three major businesses. E-vehicles: Designing, developing, manufacturing and trading of e-vehicles. Defense: Wide spectrum of critical components catering to the defense industry. IT: Networking solutions, network security, data security, endpoint security.

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