Fredun Pharmaceuticals Capacity Epansion, Divine Power Energy Fund Raise And Waaree Renewables Technologies Order
Fredun Pharmaceuticals Ltd.
Recent filing: (CAPACITY EXPANSION) Fredun Pharmaceuticals is setting up a functional foods plant in Palghar, Maharashtra, to address pet health and nutrition, focusing on preventing chronic diseases. Set to launch by Q3 FY26, the facility will produce high-quality products for its brands and white-label clients, strengthening its position in the growing pet care market.
SUMMARY: 5y Operating Profit uptrend | 1q Operating Profit Uptrend | PE 19.5x (Sector PE range 20-40) | Ace Investor | Institutional Entry | Pharmaceuticals
- MCap of INR 345 Crore (share price = INR 734 / share) (as on 28th Nov ’24)
- TTM PE 19.5x (as on 28th Nov ’24) Retail float = 33.6% (Sep-24)
FOOD FOR THOUGHT: In the initial half of fiscal 2024, approximately 65-70% of total revenues were generated from the top 5 customers, posing a moderate risk due to customer concentration.
Question 1: Who are the promoters of Fredun Pharmaceuticals?
Fredun Pharmaceuticals Limited, healthcare and pharmaceuticals company offer a range of products, including antihypertensives, antidiabetic, antiretroviral drugs (ARVs) and narcotics. It is also engaged in the manufacturing of dietary/herbal supplements, nutraceuticals, cosmeceuticals, and other healthcare products along with animal healthcare products. With such a diverse range of products, the Company’s objective is to be a holistic healthcare provider. The Company primarily exports its products to Africa, Southeast Asia, Commonwealth of Independent States (CIS) countries and Latin America.
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Divine Power Energy Ltd.
Recent filing: (FUND RAISE) Board meeting of Divine Power Energy to be held on 29th Nov 2024 to consider fund raise.
SUMMARY: 3y Operating Profit uptrend | 2h Operating Profit uptrend | PE 34.1x (Sector PE range: 30-60) | Fund raise | Acquisitions | Institutional Entry | Wires & Cables
- MCap of INR 273 Crore (share price = INR 127/ share) (as on 28th Nov ‘24)
- TTM PE 34.1x (as on 28th Nov ‘24) Retail float = 16.7% (Sep-24)
FOOD FOR THOUGHT: Negative operating cashflow for FY24.
Question 1: Who are the promoters of Divine Power Energy?
Divine Power Energy Limited is a leading manufacturer of insulated and bare copper and aluminum wires and strips in India.
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Waaree Renewables Technologies Ltd.
Recent filing: (ORDER) Waaree Renewables Tech has received a contract worth INR 1,233 Cr for the execution of Engineering, Procurement and Construction (EPC) works for Ground mount Solar PV project of 2012 MWp DC capacity.
SUMMARY: 5y Operating Profit uptrend | PE 78.3x (Sector PE range 50-90) | Excellent Sep-24 results | Orderbook of 1.7 GW (as of Sep-24) to be executed in 09-12 months | Clean Energy
FUTURE OUTLOOK: As per Q2FY25 Investor Presentation, Company commissioned 1.82 GW in solar projects, with plans to scale to 13.3 GW in module capacity and 5.4 GW Cell Capacity by FY25, also ventured into Floating Solar + Energy Storage. As per Q2FY25 Concall, Company has an unexecuted order book of 1.7 GW, valued at ₹2,500-₹2,700 crores, with a robust pipeline of 17.8 GW, supported by government initiatives and energy transition. Management expects to execute 1.2-1.3 GW of the current order book in H2 FY25.
- MCap of INR 15,579 Crore (share price = INR 1,494 / share) (as on 28th Nov ‘24)
- TTM PE 78.3x (as on 28th Nov ‘24) Retail float = 16.9% (Sep-24)
FOOD FOR THOUGHT: Highly competitive sector.
Question 1: Who are the promoters of Waaree Renewables Technologies?
Waaree Renewables Technologies is the flagship company of Waaree Group, founded in 1989 with headquarters in Mumbai, India. It has India's largest Solar PV Module manufacturing capacity of 12 GW at its plant in Gujarat. The company is amongst the top players in India in solar panel manufacturing, EPC services, project development, rooftop solutions, solar water pumps and is also an independent power producer.