Emerald Finance Partnership, Dynacons Systems & Solutions Appraisal And WPIL Good to Excellent Results
Emerald Finance
Recent filing: (PARTNERSHIP) Emerald Finance has partnered with Blucognition Private Limited having its registered office at Pune to offer its Early-Wage-Access program to the employees of the Company.
SUMMARY: 6y Operating Profit uptrend | 5q Operating Profit uptrend | PE 45.9x (Sector PE range 20-40) | Excellent Sep-24 results | Strategic Partnerships | Fund Raise | Institutional entry | NBFC
FUTURE OUTLOOK: As per Q2FY24 Concall, Company anticipates its PAT to grow by 8 to 10 times over the next three years.
- MCap of INR 279 Crore (share price = INR 87.6 / share) (as on 31st Oct ‘24)
- TTM PE 45.9x (as on 31st Oct ‘24) Retail float = 9.7% (Sep-24)
FOOD FOR THOUGHT: MSME loan default risk.
Question 1: Who are the promoters of Emerald Finance?
Incorporated in 1983, Company’s business model is centered around granting of loans & advances. As an NBFC, it provides loans to customers. Company is also engaged in providing ultra short-term loans (tenor up to 15 days) with a ticket size ranging from INR 1,000 to INR 20,000 targeting youth salaried individuals.
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Dynacons Systems & Solutions Ltd.
Recent filing: (APPRAISAL) Dynacons System has successfully secured a follow-up order worth INR 108 Cr from NABARD, aimed at delivering an advanced Core Banking as a Service (CBaaS) solution for the Haryana State Cooperative Bank for 5 years.
SUMMARY: 6y Operating Profit uptrend | 2q Operating Profit uptrend | PE 28.2x (Sector PE range 30-50) | New Age IT
- MCap of INR 1,625 Crore (share price = INR 1,278 / share) (as on 31st Oct ‘24)
- TTM PE 28.2x (as on 31st Oct ‘24) Retail float = 25.1% (Jun-24)
FOOD FOR THOUGHT: Risk of timing of receivable from PSU Entities.
Question 1: Who are the promoters of Dynacons Systems & Solutions ?
Established in 1995, Dynacons undertakes all activities related to IT infrastructure including infrastructure design and consultancy services, turnkey systems integration of large Network and Data Centre infrastructure including supply of associated equipment and software, onsite and remote facilities management of multi-location infrastructure of domestic locations.
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WPIL Ltd.
Recent filing: (GOOD TO EXCELLENT RESULTS) For the quarter ending Sep-24 for WPIL, Sales up 54% YoY from INR 319 Cr in Sep-23 to INR 491 Cr in Sep-24. Similarly, Net Profit up 63% from INR 43 Cr to INR 70 Cr. On a QoQ basis, Sales up 35% and Net Profit up 63%.
SUMMARY: PE 26.4x (Sector PE range 30-60) | Excellent Sep-24 results | Ace Investor | Institutional entry | Orderbook of INR 3,665 Cr (Sep-24) (2x of TTM revenues) | Acquisition | Capital Goods - Non-Electrical Equipment
- MCap of INR 5,212 Crore (share price = INR 534 / share) (as on 31st Oct ‘24)
- TTM PE 26.4x (as on 31st Oct ‘24) Retail float = 11.6% (Sep-24)
FOOD FOR THOUGHT: Negative operating cash flow for FY24.
Question 1: Who are the promoters of WPIL Ltd?
WPIL Ltd. in engaged in the business of entire value chain of Pumps & Pumping Systems from concept to commissioning and execution of water supply projects on a turnkey basis for industrial units, power utilities, irrigation departments, etc.
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