Dhruv Consultancy And HPL Electric & Power Order, MOS Utility License

Dhruv Consultancy Services Ltd.

Recent filing: (ORDER) Dhruv Consultancy Services in association with Infinite Civil Solutions Pvt. Ltd has received the LOA worth INR 5.7 Cr towards the Consultancy Services in form of providing Independent Engineer Services for Construction of Four Lane High Speed corridor of Vataman to Pipali section from Design Km 69+700 to Design Km 93+811 (Total Length: 24.111 Km) of SH 6 in the State of Gujarat on Hybrid Annuity Mode (HAM) from the office of Managing Director, Gujarat State Road Development Corporation Limited, Gandhinagar, to be executed over 48 months.

SUMMARY: 4y Operating profit uptrend | PE 33.2x (Sector PE range 30-50) | Fund Raise | Institutional Entry | Consulting Services

FUTURE OUTLOOK: Company total order book stands at INR 628 Cr with INR 345 Cr of unexecuted orders as of 31st Mar 2024.

• MCap of INR 196 Crore (share price = INR 131 / share) (as on 11th Jul ‘24)
• TTM PE 33.2x (as on 11th Jul ‘24) Retail float = 19.5% (Mar-24)

FOOD FOR THOUGHT: Negative operating cash flows for FY24 | Promoter sold INR 2.7 Cr worth of shares in Feb and Mar ’24.

What are the products and services of Dhruv Consultancy Services ?

Founded in 2003, Dhruv Consultancy Services has emerged as one of India's most rapidly expanding project management company in the infrastructure sector. The company mainly works in infrastructural solutions, including roads, highways, bridges, architecture, waste management, and ports.

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HPL Electric & Power Ltd.

Recent filing: (ORDER) HPL Electric & Power has received Work Orders/Letter of Award of INR 2,101 Cr from regular leading Customers for the supply of smart meters in the normal course of business.

SUMMARY: 3y Operating Profit uptrend | 3q Operating Profit uptrend | PE 83.1x (Sector PE range 30-70) | | New Products | Partnerships | Electrification | Smart Meter

FUTURE OUTLOOK: Company anticipates 20-25% Revenue growth in next 3-4 years and expect revenue to reach INR 1800 Cr or higher in FY25 | Company has a strong Order book of INR 2,000 Cr as on 9th May 2024.

• MCap of INR 3,620 Crore (share price = INR 563 / share) (as on 11th Jul ‘24)
• TTM PE 83.1x (as on 11th Jul ‘24) Retail float = 20.9% (Mar-24)

FOOD FOR THOUGHT: Sales depends on Company’s ability to win tenders from PSUs. Intense competition leads to aggressive bidding, which could compromise margins. | PE is above sector range.

What are the products and services of HPL Electric & Power?

HPL is an established electric equipment manufacturing company in India, manufacturing a diverse portfolio of electric equipment, including metering solutions, switchgear, lighting equipment and wires and cables, catering to consumer and institutional customers in the electrical equipment industry. HPL had the largest market share in India's electricity energy meters market, with one of the most comprehensive portfolios of meters in India.

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MOS Utility

Recent filing: (LICENSE) MOS Utility has received a Master Franchisee License from India Post. Through this franchisee module company will be expanding the service offerings to encompass a comprehensive range of postal services across India.

(SUBSIDIARY INCOPORATION) BoD of Mos Utility has considered and approved the incorporation/formation of a subsidiary company, in the name of MOS Wealth Management Private Limited, as approved by the Registrar of Companies / Central Registration Centre (CRC)

SUMMARY: 3y Operating Profit uptrend | 3 periods semi-annual Operating Profit uptrend | PE 45.9x (Sector PE range 50-100) | Fund raise | Institutional entry | Acquisitions | Tech Platform

• MCap of INR 482 Crore (share price = INR 193 / share) (as on 11th Jul ‘24)
• TTM PE 45.9x (as on 11th Jul ‘24) Retail float = 12.4% (Mar-24)

FOOD FOR THOUGHT: Technology disruption | Adverse regulatory changes in fintech space could impact business

What are the products and services of MOS Utility?

MOS Utility is engaged in the business of providing technology enabled digital products and services in the B2C, B2B and financial technology arena through an integrated business model. It provides business opportunities to shopkeepers, retailers, students etc. to start their own online e-commerce business. 

It operates under seven business segments namely – Banking, Travel, Insurance, Utility Service, Entertainment Services, Franchisee and Other Services. It has over 1.6 Lakh network distributors which includes distributors, agents and master distributors. The company has largest network of distributors in Maharashtra with over 50K network distributors.

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