Droneacharya Aerial Innovations Order, Kalyani Cast Good Result And RedTape Partnership

Droneacharya Aerial Innovations Ltd.

Recent filing: (ORDER) Droneacharya Aerial Innovations Ltd. has achieved a significant milestone by securing a prestigious tender worth INR 1.42 Cr for the supply of High-End Surveying Drones from DRIISHYA, Govt. of Haryana. This landmark project marks a crucial advancement in the utilization of drone technology for various applications within the state, including Urban Mapping, Planning, Execution, and other departments' operations.

(ACQUISITION) Company has signed a term sheet for the acquisition of 51% stake in PYI Technology Private Limited. The terms of the Share Purchase Agreement will be finalized in due course, outlining specific details of the transaction. This strategic decision will play a pivotal role in DroneAcharya's expansion plan aimed at broadening its service spectrum and enhancing its value-added offerings within the drone industry.

SUMMARY: 3y Operating Profit uptrend | 2 semi-annual Operating Profit uptrend | PE 60.4x (Sector PE range 70-120) | Excellent Sep-23 results | New products | Strategic collaborations | Entry into International markets | Drones

• MCap of INR 423 Crore (share price = INR 176 / share) (as on 26th Dec ‘23)
• TTM PE of 60.4x (as on 26th Dec ‘23) Retail float = 21.4% (Sep-23)

What are the Products and Services of Droneacharya Aerial Innovations?

Incorporated in 2017, the Company provides a high-end ecosystem of Droneacharya Aerial Innovations for multi-sensor Drone surveys, data processing of Drone data using robust high-configuration workstations, Drone pilot training & specialized GIS training.

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Kalyani Cast Tech Ltd.

Recent filing: (GOOD RESULTS) For the 6-months ending Sep-23, Sales stood at INR 49.2 Cr, vs. INR 63.3 Cr for the full year FY23. On a QoQ basis, Sales was flat at INR 24.6 Cr in Sep-23 quarter vs. Jun-23 quarter. In terms of Net Profit, for the 6-months ending Sep-23, it stood at INR 5.9 Cr vs. INR 8.1 Cr for full year FY23. On a QoQ basis, Net Profit was flat at INR 2.94 Cr.

SUMMARY: 2y Operating Profit uptrend | PE 31.6x (Sector PE range 30-60) | Ace Investor

• MCap of INR 313 Crore (share price = INR 436 / share) (as on 26th Dec ‘23)
• TTM PE 31.6x (as on 26th Dec ‘23) Retail float = NA (Sep-23)

What are the Products and Services of Kalyani Cast Tech?

A cargo container manufacturing Company, Kalyani Cast Tech manufactures a wide product range of castings, including finished components and are specialists in various types of cargo containers such as ISO containers and other special containers including dwarf containers, cuboid containers, special containers for parcel cargo and containers for two & three wheelers. With an unparalleled experience, technical know-how and a state-of-the-art manufacturing facility, Kalyani proves to be a reliable name for its clients.

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RedTape Ltd.

Recent filing: (PARTNERSHIP) RedTape Ltd., a wholly-owned subsidiary of Redtape Ltd., has entered into Strategic, Marketing & Technical tie-up with Daraz, a Bangladesh based online shopping platform for sale of Redtape Products in Bangladesh. Daraz i.e. www.daraz.com.bd is the best online shopping platform in Bangladesh which provide products at affordable prices to the customers. This tie-up will provide new opportunities to the Company to expand its overseas business.

SUMMARY: 2y Operating Profit uptrend | PE 39.4x (Sector PE range 30-70) | Geographical expansion | Consumption

• MCap of INR 6,426 Crore (share price = INR 465 / share) (as on 26th Dec ‘23)
• TTM PE 39.4x (as on 26th Dec ‘23) Retail float = 12.5% (Sep-23)

What are the Products and Services of RedTape?

RedTape is known for emerging as one of the Finest Brands of Footwear and Clothing for Men, Women and Kids. It has emerged as a complete Family Fashion Destination by providing the Best International Styles and World-Class Quality through Shoes, Apparels and Accessories for all age groups. It owns a Portfolio of Well-Recognized Brands: RedTape, MODE (RedTape London), Bond Street (RedTape London). The Company got demerged from Mirza International in Aug 2023.

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