Gensol Engineering New Project, E2E Networks Good to Excellent Results And Avantel Fund Raise
Gensol Engineering
Recent filing: (NEW PROJECT) A consortium led by Matrix Gas & Renewables Ltd., along with Gensol Engineering Ltd., Indian Institute of Technology Bhubaneswar, and Metsol AB (Sweden), will develop India's first and largest Green Steel production facility, using 100% Green Hydrogen under the National Green Hydrogen Mission. The 50 TPD plant, supported by MECON, the Ministry of Steel, and MNRE, will utilize DRI vertical shaft technology to produce sponge iron with zero CO₂ emissions, replacing fossil fuels. The project, with an estimated capex of INR 321 Crore, is backed by 50% government incentives and aims to drive sustainable steel production in India.
(SUBSIDIARY INCORPORATION) Company has incorporated three new wholly-owned subsidiaries—Hari Shakti Energy Private Limited, Innogrid Energy Private Limited, and Shakti Sangini Energy Private Limited—to carry out the business of generating, developing, accumulating, producing, manufacturing, processing, and distributing all forms of power or electrical energy, including wind, solar, renewable energy, and battery storage.
SUMMARY: 5y Operating Profit uptrend | 6q Operating Profit uptrend | PE 51.8x (Sector PE range 50-90) | Fund raise | Institutional entry | Geographical Expansion | Large Orders | Orderbook of INR 9,055 Cr (Sep-24) (8x of TTM revenue) | Acquisitions | Promoter Buying | Solar + EV
FUTURE OUTLOOK: As per Q1FY25 Concall, Company had projected revenue guidance of INR 2,000 crore for FY25, a 2.1x increase from the FY24 revenue of INR 963 Cr | Consolidated EBITDA guidance for FY25 set at worth of INR 400 Cr.
- MCap of INR 3,021 Crore (share price = INR 798 / share) (as on 22nd Oct ‘24)
- TTM PE of 51.8x (as on 22nd Oct ‘24) Retail float = 22.3% (Sep-24)
FOOD FOR THOUGHT: Leveraged capital structure attributed to debt funded acquisition of EVs for leasing to Blu-Smart
Question 2: Who are the promoters of Gensol Engineering?
Gensol is involved in the business of solar consulting & EPC. It provides concept to commissioning solar advisory, execution and operation services for solar projects in India and abroad. Expanding its operations, Gensol has also established an EV manufacturing facility in Pune, India, for the development and production of electric three wheelers and four wheelers. Alongside, Gensol offers comprehensive EV leasing solutions and is serving leading ride-hailing players with its buy-and-lease package of EV cars.
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E2E Networks Ltd.
Recent filing: (GOOD TO EXCELLENT RESULTS) For the quarter ending Sep-24 for E2E Networks, Sales up 2.2x YoY from INR 22 Cr in Sep-23 to INR 47.6 Cr in Sep-24. Similarly, Net Profit up 2x from INR 6 Cr to INR 12.1 Cr. On a QoQ basis, Sales up 16% and Net Profit up 21%.
SUMMARY: 5y Operating Profit uptrend | 7q Operating Profit uptrend | PE 167x (Sector PE range 50-100) | Excellent Sep-24 Results | Fund Raise | Promoter Buying | Ace Investor | Institutional Buying | Capacity expansion for Data Centers | New Age IT | Data Center
- MCap of INR 5,246 Crore (share price = INR 3,622 / share) (as on 22nd Oct ‘24)
- TTM PE of 167x (as on 22nd Oct ‘24) Retail float = 17.1% (Jun-24)
FOOD FOR THOUGHT: PE is above sector range.
Question 2: Who are the promoters of E2E Networks?
E2E Networks is the 6th largest IAAS platform in India. It began its journey in 2009 as a contract-less computing player targeting the value conscious segment of customers, especially startups. Currently, E2E Networks is the largest NSE listed Cloud Infrastructure Provider having served more than 15,000 customers and having thousands of active customers.
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Avantel Ltd.
Recent filing: (FUND RAISE) Board meeting of Avantel to be held on 24th Oct ’24 to consider fund raise.
SUMMARY: 6y Operating Profit uptrend | 1q Operating Profit uptrend PE 67x (Sector PE range 50-100) | Excellent Sep-24 results | Capacity expansion | Ace Investor | Defence
- Mcap of INR 4,132 Crore (share price = INR 170 / share) (as on 22nd Oct ‘24)
- TTM PE 67x (as on 22nd Oct ‘24) Retail float = 32.5% (Sep-24)
FOOD FOR THOUGHT: Revenue concentration (63% from top 3 clients in defence sector and SATCOM industry) | Promoter selling (INR 90L in Feb-24)
Question 2: Who are the promoters of Avantel?
Established in 1990, Avantel specializes in RF/microwave subsystems, digital radios, and satellite communication systems, and offers related software solutions and services. It supplies mainly to defence establishments and allied departments in the public and private sectors.