Datamatics Global Services Partnership, Gensol Engineering Entrance Into US Market And KPI Green Energy Promoter Buying
Datamatics Global Services Ltd.
Recent filing: (PARTNERSHIP) Datamatics Global Services has partnered with Microsoft to develop its own copilot solutions focusing on process automation to accelerate business transformation for organizations. Company has launched a Partner On-boarding Copilot available on the Microsoft Teams store which integrates Azure OpenAI with Datamatics Intelligent Automation Platform.
With this new feather in the cap, Datamatics was recognized as one of the ISVs building an ISV custom copilot solution and they were featured in the Microsoft Build 2024 conference held in Seattle, USA, along with a prominent mention in the blog by Merav Davidson, Vice President, industry AI from Microsoft. Datamatics has also been highlighted by Microsoft as part of its “AI First Movers,” series which recognizes companies for their impactful use of AI at scale.
SUMMARY: PE 22.2x (Sector PE range 30-50) | Strategic Partnerships | New Products | Acquisitions | New-Age IT
FUTURE OUTLOOK: As per Q1FY25 Concall, Company expect to maintain a 12% to 13% EBIT margins range for the full year.
- Mcap of INR 4,191 Crore (share price = INR 710 / share) (as on 28th Aug ’24)
- TTM PE 22.2x (as on 28th Aug ’24) Retail float = 13.3% (Jun-24)
FOOD FOR THOUGHT: Geographical concentration risk (focused in India and West Asia) compared to large IT companies which have a wide presence in the US and European markets
Q1. What are the Products and Services offered by Datamatics Global Services?
Incorporated in 1987, Datamatics provides solutions for data driven businesses to enhance their productivity and customer experience. Its services can be divided into three segments: digital operations, digital experience and digital technology The Company has also developed products in robotics process automation, advanced analytics business intelligence, and automated fare collection.
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Gensol Engineering
Recent filing: (ENTRANCE INTO US MARKET) Scorpius Trackers Inc., a subsidiary of Scorpius India, has entered the U.S. market, launching its first office in California. Gensol Engineering will debut its advanced solar tracker technology at the RE+ Conference in Anaheim from September 9-12, 2024, with further showcases planned in Austin and San Diego. The U.S. solar tracker market, the largest in the world with an annual deployment of over 25,000 MW, is growing at a CAGR of over 20%. Scorpius aims to supply over 2,000 MW annually by 2028, leveraging its decade of experience and existing contracts in India, Africa, Japan, and the Middle East.
SUMMARY: 5y Operating Profit uptrend | 6q Operating Profit uptrend | PE 61.4x (Sector PE range 50-90) | Fund raise | Institutional entry | Geographical Expansion | Large Orders | Acquisitions | Promoter Buying | Solar + EV
FUTURE OUTLOOK: As per Q1FY25 Investor Presentation, Company has total orderbook of INR 5,025 Cr. 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%.
- MCap of INR 3,575 Crore (share price = INR 944 / share) (as on 28th Aug ‘24)
- TTM PE of 61.4x (as on 28th Aug ‘24) Retail float = 20.1% (Jun-24)
FOOD FOR THOUGHT: Leveraged capital structure attributed to debt funded acquisition of EVs for leasing to Blu-Smart
Q1. What are the Products and Services offered by Gensol Engineering?
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.
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KPI Green Energy Ltd.
Recent filing: (PROMOTER BUYING) Farukbhai Gulambhai Patel (Promoter) bought 5.5k shares of KPI Green Energy at INR 909/share, aggregating to INR 50L. However, Shaheedul Hasan (Designated Person) sold 30k shares at INR 1100/share, aggregating to INR 3.3 Cr.
(DEBT REDUCTION) Company has attained zero net debt status on a standalone basis
SUMMARY: 6y Operating Profit uptrend | 1q Operating Profit uptrend | PE 60.2x (Sector PE range 50-90) | Excellent Jun-24 results | Fund raise | Large Order | Geographical Expansion | Institutional entry | Promoter buying | Solar | Clean Energy
FUTURE OUTLOOK: As per Q1FY25 Investor Presentation, Company has 2.3+GW of orders in hand, and has ambitious target of 10+GW IN 2030.
- MCap of INR 11,779 Crore (share price = INR 897 / share) (as on 28th Aug ‘24)
- TTM PE 60.2x (as on 28th Aug ‘24) Retail float = 21.4% (Jul-24)
FOOF FOR THOUGHT: Negative operating cash flow for FY24.
Q1. What are the Products and Services offered by KPI Green Energy?
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'.