Integra Engineering, Madhu Sudan Masala And Marine Electricals Good to Excellent Results
Integra Engineering India Ltd.
Recent filing: (GOOD TO EXCELLENT RESULTS) For the quarter ending Sep-24 for Integra Engineering, Sales up 19% YoY from INR 34.77 Cr in Sep-23 to INR 41.49 Cr in Sep-24. Similarly, Net Profit up 53% from INR 3.46 Cr to INR 5.31 Cr. On a QoQ basis, Sales up 17% and Net Profit up 81%.
SUMMARY: 5y Operating Profit uptrend | 2q Operating Profit uptrend | PE 54.1x (Sector PE range 40-70) | Excellent Sep-24 results | Railways
- MCap of INR 819 Crore (share price = INR 238 / share) (as on 13th Nov ‘24)
- TTM PE 54.1 (as on 13th Nov ‘24) Retail float = 34.8% (Sep-24)
FOOD FOR THOUGHT: Highly competitive sector
Question 1: Who are the promoters of Integra Engineering?
Integra Engineering designs and produces components of propulsion systems for locomotives, interiors for metros and railways, railway control systems and standard enclosures. Its projects include Agra-Kanpur metro, RRTS (Delhi-Meerut), Train 18(Vande Bharat), R211 etc.
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Madhu Sudan Masala Ltd.
Recent filing: (GOOD TO EXCELLENT RESULTS) For the half year ending Sep-24 for Madhusudan Masala, Sales up 84% YoY from INR 54 Cr in Sep-23 to INR 99.6 Cr in Sep-24. Similarly, Net Profit up 2.2x from INR 3 Cr to INR 6.5 Cr. On a HoH basis, Sales down 8% and Net Profit up 8%.
SUMMARY: 3y Operating Profit uptrend | 2h Operating Profit uptrend | PE 24.1x (Sector PE range 30-70) | Excellent Sep-24 results | Acquisition | Fund raise | Consumption
FUTURE OUTLOOK: As per Q4FY24 Concall, Company expecting a 30% revenue increase in FY25 and targeting the PAT margin improvement in the range of 6-6.5% | Company strategy is to expand reach by adding new products to the portfolio. | Company is planning to enter new markets in Maharashtra, Telangana, and other states. | Company is also focusing on competing in the unorganized market segment.
- MCap of INR 278 Crore (share price = INR 194 / share) (as on 13th Nov ‘24)
- TTM PE 24.1x (as on 13th Nov ‘24) Retail float = 16.2% (Sep-24)
FOOD FOR THOUGHT: Negative Operating cashflow in FY24.
Question 1: Who are the promoters of Madhu Sudan Masala?
Company manufactures more than 32 types of spices and other food products like Papad, Tea and Soya products under brand names “DOUBLE HATHI” & “MAHARAJA” in different types of packing sizes of more than 276 SKUs.
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Marine Electricals (India) Ltd.
Recent filing: (GOOD TO EXCELLENT RESULTS) For the quarter ending Sep-24 for Marine Electricals, Sales up 34% YoY from INR 137 Cr in Sep-23 to INR 184 Cr in Sep-24. Similarly, Net Profit up 2.6x from INR 5 Cr to INR 13 Cr. On a QoQ basis, Sales up 33% and Net Profit up 86%.
SUMMARY: 6y Operating Profit uptrend | PE 84.1x (Sector PE range 30-70) | Excellent Sep-24 results | Fund raise | Capacity Expansion | Capital goods – Electrical equipments
- MCap of INR 3,106 Crore (share price = INR 225 / share) (as on 13th Nov ‘24)
- TTM PE 84.1x (as on 13th Nov ‘24) Retail float = 18.9%(Sep-24)
FOOD FOR THOUGHT: PE is above sector range | Negative Operating cash flow for FY24
Question 1: Who are the promoters of Marine Electricals (India)?
Marine Electricals (India) Limited is an integrated technical services provider in the fields of electrical automation and information and communication technology solutions. It is into marine, industrial and renewable energy solutions.