EFC(I) Ltd Bulk Deal, Lloyds Engineering Works Preferential For Acquisition And Sharp Chucks and Machines Fund Raise

EFC(I) Ltd

Recent filing: (BULK DEAL) On 4th Sep '24, Miv Investment Services Private Limited bought 3.76L shares at INR 473/share, aggregating to INR 18 Cr, some of these shares were sold by Aegis Investment Fund.

FUTURE OUTLOOK: As per the Q1FY25 concall, the Company is geared up to double its top line by FY25.

MCap of INR 2,539 Crore (share price = INR 510 / share) (as on 9th Sep ‘24)
TTM PE 37.4x (as on 9th Sep ‘24) Retail float = 14.8% (Jun-24)

FOOD FOR THOUGHT: Designated person sold 71L worth of shares in Dec ’23.

Q1. What are the Products and Services offered by EFC(I) Ltd?

Entrepreneurial Facilitation Centre, EFC Limited is a leading real estate enterprise offering transformative managed office space solutions for entrepreneurs, small and medium enterprises (SMEs), and large corporations. Company possess leasing solutions for co-working spaces, managed offices, and enterprise offices that deliver desirable services for all business needs.

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Lloyds Engineering Works Ltd

Recent filing: (PREFERENTIAL FOR ACQUISITION) Lloyds Engineering Works approved the issuance of 1.76 Cr equity shares at INR 85/each, aggregating to INR 150 Cr to acquire 66% stake in Techno Industries Private Limited (TIPL) to carry out the business of developers, builders, masonry, General Construction Contractors, including designing, engineering, electrical engineering, Construction, and execution of infrastructure projects, fabrication, erection, buildings.

MCap of INR 8,348 Crore (share price = INR 74/ share) (as on 09th Sep ‘24)
TTM PE 94.6 (as on 09th Sep ‘24) Retail float = 25.9% (Jun-24)

FOOD FOR THOUGHT: PE is above sector range.

Q1. What are the Products and Services offered by Lloyds Engineering Works Ltd?

Company specializes in the design and manufacture of heavy equipment, machinery, and systems tailored to meet the stringent requirements of various industries. From the Hydro Carbon sector to Oil & Gas, Steel Plants, Power Plants, Nuclear Plant Boilers, and Turnkey Projects, it’s comprehensive portfolio of products and solutions caters to diverse needs and applications.

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Sharp Chucks and Machines Ltd.

Recent filing: (FUND RAISE) BoD of Sharp Chucks and Machines has approved the issuance of 11.7L Fully Convertible Warrants at INR 124/each, aggregating to INR 14.5 Cr, on a Preferential basis to the persons belonging to non-promoter, public category. Allotees includes Citrus Global Arbitrage Fund.

SUMMARY: 5y Operating Profit uptrend | PE 22.9x (Sector PE range 30-60) | Fund raise | Capital Goods – Non-Electrical Equipment

MCap of INR 142 Crore (share price = INR 130 / share) (as on 09th Sep ‘24)
TTM PE 22.9 (as on 09th Sep ‘24) Retail float = 18.7% (Jul-24)

FOOD FOR THOUGHT: Lower double digit operating profit margin.

Q1. What are the Products and Services offered by Sharp Chucks and Machines Ltd?

Company is well known in the Indian and Overseas Markets as manufacturers and exporters of Hand Tools &Machine Tools along with ‘Fully Finished Forged and Graded Casting Parts & Assemblies being supplied to Major OEMs in Tractor and Automobile Industries in India.

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