EFC(I) Subsidiary Incorporation, J Kumar Infraprojects Order And RateGain Travel Business Update
EFC(I) Ltd
Recent filing: (SUBSIDIARY INCORPORATION) EFC has incorporated two wholly-owned subsidiaries namely EFC Estate Marisoft 14 Private Limited and EFC Estate Marisoft 23 Private Limited to carry on business of designing, developing, fitting furniture & fixtures and leasing the property on services / managed office terms to large corporates / single client.
FUTURE OUTLOOK: As per the Q1FY25 concall, Company is geared up to double its top line by FY25.
- MCap of INR 2,275 Crore (share price = INR 457 / share) (as on 3rd Oct ‘24)
- TTM PE 33.5x (as on 3rd Oct ‘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 possesses leasing solutions for co-working spaces, managed offices, and enterprise offices that deliver desirable services for all business needs.
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J Kumar Infraprojects Ltd.
Recent filing: (ORDER) J Kumar has received Letter of Acceptance (LoA) worth INR 1,848 Cr for the Design and Construction of elevated road in Thane city from Anand Nagar to Saket on eastern express Highway from M/s. Mumbai Metropolitan Region Development Authority (MMRDA), needs to be executed within 4 years.
SUMMARY: 4y Operating Profit uptrend | PE 16.7x (Sector PE range 10-50) | Orderbook of INR 19,820 Cr (Jun-24) (4x of TTM Revenue) | Ace Investor | Institutional entry | Large Order | Infrastructure
FUTURE OUTLOOK: As per the Q1FY25 Concall, Company wants to be a \$1 billion revenue company by FY27 with the order book of around INR 25,000 Cr Company anticipated top-line growth for FY25 is around INR 5,600 to 5,700 Cr.
- MCap of INR 5,706 Crore (share price = INR 754 / share) (as on 3rd Oct ‘24)
- TTM PE 16.7x (as on 3rd Oct ‘24) Retail float = 10.3% (Jun-24)
FOOD FOR THOUGHT: Highly competitive sector.
Q1. What are the Products and Services offered by J Kumar Infraprojects?
JKumar Infraprojects is engaged in the business of constructing Flyovers, Bridges & Roads, Skywalks, Urban infra, Dams & Canals, Underground Metro and Railways. Its executed projects include Mumbai Metro line 7 and 2A, Delhi Underground Metro, Ahmedabad metro, Grant Road Skywalk etc.
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RateGain Travel Technologies Ltd.
Recent filing: (BUSINESS UPDATE) RateGain Travel Technologies in partnership with Adara and Visit California, achieved an impressive 223x return on investment (ROI) through targeted digital marketing campaigns, enhancing the performance of destination marketing organizations (DMOs) by leveraging real-time travel intent data.
SUMMARY: 5y Operating Profit uptrend | PE 52.6x (Sector PE range 50-100) | Fund Raise | Partnerships | Institutional Entry | Tech Platform
FUTURE OUTLOOK: As per FY25 AGM Update, Company's goal is to double its revenue from FY24 within the next three years, by FY27 | As per Q1FY25 Concall, Company management reiterated a revenue growth target of 20% for FY25, and expected margin improvement of 150 to 200 basis points YoY.
As per Q1FY25 Investor Presentation, Company has healthy pipeline of INR 555 Cr with traction across segments.
- MCap of INR 8,727 Crore (share price = INR 740 / share) (as on 3rd Oct '24)
- TTM PE of 52.6x (as on 3rd Oct '24) Retail float = 10.5% (Jun-24)
FOOD FOR THOUGHT: Megha Chopra (Promoter) reduced her stake from 12.1% in Mar -24 to 9.5% in Jun-24. Some of this were picked up by funds.
Q1. What are the Products and Services offered by RateGain Travel Technologies?
Founded in 2004, RateGain Travel is a global provider of SaaS solutions for travel and hospitality that works with 2800+ customers and 700+ partners in 100+ countries, helping them accelerate revenue generation through acquisition, retention, and wallet share expansion.
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