Jeena Sikho Lifecare Empanelment, Electronics Mart India Bulk Deal And Genus Power Infrastructure Order

Jeena Sikho Lifecare Ltd.

Recent filing: (EMPANELMENT) Jeena Sikho Lifecare has been Empanelled under CGHS and CS(MA) rules and notified as CGHS empanelled centres for Ayurveda at New Delhi, Rajasthan, and Haryana.

SUMMARY: 4y Operating Profit uptrend | 4 semi-annual Operating Profit uptrend | PE 51.5x (Sector PE range 40-80) | Excellent Mar-24 results | Expanding hospital count | Acquisition | Promoter buying | Fund entry | Health Care

FUTURE OUTLOOK: As per Q4FY24 Con-call, Company is targeting a revenue of around INR 450 Cr and a PAT margin of more than 25% next year.

  • MCap of INR 3,493 Crore (share price = INR 1,405/ share) (as on 19th Aug ‘24)
  • TTM PE 51.5x (as on 19th Aug ‘24) Retail float = 8.9% (Mar-24)

FOOD FOR THOUGHT: Ayurveda is generally not considered mainstream.

Q1. What are the Products and Services offered by Jeena Sikho Lifecare?

Founded in 2009, Jeena Sikho Lifecare Limited is an Ayurveda based healthcare company headquartered in Zirakpur. It has a chain of 150+ Ayurvedic clinics all over India and a certified team of 200+ Ayurveda doctors.

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Electronics Mart India

Recent filing: INSTITUTIONAL ENTRY (BULK DEAL) SBI Mutual Fund, Ftif - Templeton Asian Smaller Companies Fund, and Norges Bank - Government Pension Fund Global bought 2.5 Cr shares of Electronics Mart at an average price of INR 230/shares aggregating to INR 575 Cr, these shares were sold by promoters.

SUMMARY: 4y Operating Profit uptrend | PE 46.4x (Sector PE range 30-70) | Excellent Jun-24 results | New Stores | Institutional Entry | Consumption

FUTURE OUTLOOK: As per Q1FY25 Con-call, Company’s plan to open around 25 new stores in FY25, and anticipating a robust double-digit growth in revenue for FY25.

  • MCap of INR 9,095 Crore (share price = INR 236/ share) (as on 19th Aug ‘24)
  • TTM PE 46.4x (as on 19th Aug ‘24) Retail float = 4% (Jun-24)

FOOD FOR THOUGHT: High competition from e-commerce | Inventory obsolescence risk

Q1. What are the Products and Services offered by Electronics Mart India?

Electronics Mart India Ltd. serves its customers by bringing the latest electronic gadgets at the lowest prices. The company is the 4th largest consumer durable and electronics retailer in India and one of the largest players in the Southern region in revenue terms with dominance in the states of Telangana and Andhra Pradesh.

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Genus Power Infrastructure Ltd.

Recent filing: (ORDER) Genus Power Infrastructure wholly owned subsidiary has received three LoA worth INR 2,925.5 Cr for appointment of Advanced Metering Infrastructure Service Providers (AMISPs) including design of Advance Metering Infrastructure (AMI) system with supply, installation and commissioning with FMS of about 3.75 million Smart Prepaid Meters, system meters including DT Meters with corresponding energy accounting on DBFOOT basis. With these recent orders, Company’s total order book, including all SPVs and the GIC Platform, exceeds INR 24,383 Cr.

SUMMARY: 3y Operating Profit uptrend | 3q Operating Profit uptrend | Excellent Jun-24 results | PE 126x (Sector PE range 30-70) | Partnerships | Fund raise | Institutional entry | Ace Investor | Smart Meter

FUTURE OUTLOOK: As per Q1FY25 Concall, Company expects to record total revenue of about INR 2,500 Cr in FY25 and EBITDA margin guidance of 15%-16% | As of 19 Aug the order book stands at INR 24,383 Cr.

  • MCap of INR 12,401 Crore (share price = INR 408 / share) (as on 19th Aug ‘24)
  • TTM PE of 126x (as on 19th Aug ‘24) Retail float = 12.4% (Jun-24)

FOOD FOR THOUGHT: PE is above sector range.

Q1. What are the Products and Services offered by Genus Power Infrastructure 

Genus Power Infrastructure Limited has two business divisions offering highly innovative and sustainable solutions to the power sector. The products and solutions provided by the company includes Metering, Engineering, Construction & Contracts and Hybrid Microcircuits.

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