Crown Lifters Fund Raise, Va Tech Wabag Order And Shakti Pumps Patent
Crown Lifters Ltd.
Recent filing: (FUND RAISE) BoD of Crown Lifters approved the issuance of 10L warrants at INR 268 each, aggregating to INR 26.8 Cr to Promoters, and Non-Promoters.
SUMMARY: 2y Operating Profit uptrend | PE 49.5x (Sector PE range 30-60) | Fund Raise | Capital Goods – Non Electrical Equipment
- MCap of INR 307 Crore (share price = INR 274 / share) (as on 6th Sep ‘24)
- TTM PE 49.5x (as on 6th Sep ‘24) Retail float = 13.7% (Jun-24)
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
Q1. What are the Products and Services offered by Crown Lifters?
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.
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Va Tech Wabag Ltd.
Recent filing: (ORDER) Va Tech Wabag has received an order worth INR 2,700 Cr from Saudi Water Authority for Mega Sea Water Reverse Osmosis Desalination Plant in the Kingdom of Saudi Arabia, scheduled to be completed within a 30-month period.
SUMMARY: 6y Operating Profit uptrend | PE 33.1x (Sector PE range 30-70) | Institutional Entry | Large Order | Order book of INR 11,000 Cr as on Jun 2024 (3.7x of TTM revenue) | Waste Water Management | Capital Goods – Non Electrical Equipments
FUTURE OUTLOOK: As per FY24 Concall, Management stated that revenue would grow at 15-20% CAGR with EBITDA in the range 13-15%, these were reaffirmed in the Q1FY25 Concall.
- MCap of INR 8,270 Crore (share price = INR 1,330 / share) (as on 6th Sep ‘24)
- TTM PE 33.1x (as on 6th Sep ‘24) Retail float = 35.4% (Jun-24)
FOOD FOR THOUGHT: FIIs have reduced stake | Low Promoter Holding
Q1. What are the Products and Services offered by Va Tech Wabag?
WABAG’s water saga spans over ninety years, making it an industry leader today in the field of total water management. With presence in four continents, WABAG is a pure-play water technology multinational offering a wide range of solutions focused on conservation, optimisation, recycling and reuse of resources, directed at addressing water challenges across the world.
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Shakti Pumps (India) Ltd.
Recent filing: (PATENT) Shakti Pumps has received 15th Patent for "Starting Direction Control Based Position Sensor less PMBLDC Motor Drive for Irrigation” from the Patent Office, Government of India. Developed with IIT Delhi, this technology enhances motor performance, reliability, and efficiency in irrigation systems by introducing a method to start brushless DC motors without position sensors.
It ensures high starting torque, reduced complexity, and improved energy efficiency, making it ideal for long cable and submersible pump systems. This patent will remain valid for 20 years under India's Patents Act of 1970.
SUMMARY: 2y Operating Profit uptrend | 4q Operating Profit uptrend | PE 37.8x (Sector PE range 30-60) | Excellent Jun-24 results | Fund raise | Patent | Expanding into EV Mobility through WOS | Promoter Buying | Institutional Entry | Solar Pumps | Capital Goods – Non Electrical Equipment
FUTURE OUTLOOK: As per Q1FY25 Concall, Company expecting revenue growth of around 25% - 30% for next 3 to 4 years | Company continues to maintain a healthy order book of INR 2,000 Cr, which is expected to be implemented in the next 15 months | Company plans to complete orders worth of INR 500 Cr in Q2 FY25.
- MCap of INR 8,811 Crore (share price = INR 4,398 / share) (as on 6th Sep ‘24)
- TTM PE 37.8x (as on 6th Sep ‘24) Retail float = 23.4% (Jun-24)
FOOD FOR THOUGHT: Company's revenue heavily relies on government tenders in the solar pumps market, with growth tied to government initiatives.
Q1. What are the Products and Services offered by Shakti Pumps?
Company is involved in the manufacturing of energy-efficient pumps and motors. Its latest series of new advanced solar energy-operated pumps has emerged as a prestigious brand in domestic and international markets. These pumps are used for a variety of purposes, including cutting and grinding, fire-fighting, managing sewage, and heating and cooling systems.