Dhruv Consultancy Services Shortlisted, Tilaknagar Industries Good Results And Cartrade Tech Good to Excellent Results

Dhruv Consultancy Services Ltd.

Recent filing: (SHORTLISTED) Dhruv Consultancy has been Shortlisted for providing Consultancy Services for the Construction Supervision of Assam Resilient Rural Bridges Program (ARRPB) spread across 35 District divided into four Zones viz. A, B, C and D by the office of Chief Engineer, Public Works Roads Department, Government of Assam.

SUMMARY: 5y Operating profit uptrend | PE 32.6x (Sector PE range 30-50) | Fund Raise | Institutional Entry | Orderbook of INR 646 Cr (Jun-24) (7.2x of TTM revenue) | Consulting Services

FUTURE OUTLOOK: Management anticipates doubling the order book by the end of FY '25, which is expected to drive substantial revenue growth | Expecting a recovery in margins, the guidance projects EBITDA margins to surpass 20% for the current financial year.

  • MCap of INR 192 Crore (share price = INR 121 / share) (as on 5th Nov ‘24)
  • TTM PE 32.6x (as on 5th Nov ‘24) Retail float = 20.1% (Sep-24)

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

Question 1: Who are the promoters 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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Tilaknagar Industries Ltd.

Recent filing: (GOOD RESULTS) For the quarter ending Sep-24 for Tilaknagar Industries, Sales up 6% YoY from INR 354 Cr in Sep-23 to INR 375 Cr in Sep-24. Similarly, Net Profit up 57% from INR 37 Cr to INR 58 Cr. On a QoQ basis, Sales up 20% and Net Profit up 45%.

SUMMARY: 5y Operating Profit uptrend | 2q Operating Profit uptrend | PE 36x (Sector PE range 30-70) | Institutional entry | Alcoholic Beverages

FUTURE 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.

  • MCap of INR 6,533 Crore (share price = INR 339 / share) (as on 5th Nov ‘24)
  • TTM PE of 36x (as on 5th Nov ‘24) Retail float = 13% (Sep-24)

FOOD FOR THOUGHT: Highly competitive sector.

Question 1: Who are the promoters of Tilaknagar Industries?

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 (> 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.

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Cartrade Tech Ltd

Recent filing: (GOOD TO EXCELLENT RESULTS) For the quarter ending Sep-24 for Cartrade Tech, Sales up 28% YoY from INR 120 Cr in Sep-23 to INR 154 Cr in Sep-24. Similarly, Net Profit up 6.2x from INR 5 Cr to INR 31 Cr. On a QoQ basis, Sales up 9% and Net Profit up 35%.

SUMMARY: 3y Operating Profit uptrend | PE 57.4x (Sector PE range 50-100) | Excellent Sep-24 results | Institutional Entry | Tech Platform

  • MCap of INR 5,355 Crore (share price = INR 1,128 / share) (as on 5th Nov ‘24)
  • TTM PE 57.4x (as on 5th Nov ‘24) Retail float = 14.7% (Sep-24)

Question 1: Who are the promoters of Cartrade Tech?

Cartrade Tech is a multi-channel auto platform with extensive coverage across various vehicle types and value-added services. Operating through brands such as CarWale, CarTrade, Shriram Automall, BikeWale, CarTradeExchange, Adroit Auto, and OLX India, the company facilitates seamless buying and selling of new and used vehicles for customers, dealerships, OEMs, and other businesses. CarTrade aims to build a digital automotive ecosystem, connecting key stakeholders including customers, dealers, banks, insurance companies, and OEMs.

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