Jeena Sikho Lifecare Establishment, RedTape Promoter Buying And Gensol Engineering Order

Jeena Sikho Lifecare Ltd.

Recent filing: (ESTABLISHMENT) Jeena Sikho Lifecare has established 3 Shuddhi Ayurveda Panchkarma Hospital/ Shuddhi Panchkarma Daycare Centre at Bhatinda, Dhanbad & Nagpur.

SUMMARY: 4y Operating Profit uptrend | 4 semi-annual Operating Profit uptrend | PE 37.9x (Sector PE range 40-80) | Excellent Mar-24 results | Expanding hospital count | Acquisition | Promoter buying | Fund entry

FUTURE OUTLOOK: Company is targeting a revenue of around INR 450 Cr and a PAT margin of more than 25% next year.

  • MCap of INR 2,624 Crore (share price = INR 1,070/ share) (as on 20th Jun ‘24)
  • TTM PE 37.9x (as on 20th Jun ‘24) Retail float = 8.9% (Mar-24)

FOOD FOR THOUGHT: Ayurveda is generally not considered mainstream.

What are the products and services of 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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RedTape Ltd.

Recent filing: (PROMOTER BUYING) Promoter of Redtape bought 32.5k shares at INR 767/share, aggregating to INR 2.5 Cr.

SUMMARY: 2y Operating Profit uptrend | PE 61.8x (Sector PE range 30-70) | Geographical expansion | Partnerships | New Warehouses | Fund Entry | Promoter Buying | Consumption

  • MCap of INR 10,896 Crore (share price = INR 788 / share) (as on 20th Jun ‘24)
  • TTM PE 61.8x (as on 20th Jun ‘24) Retail float = 11.3% (Mar-24)

FOOD FOR THOUGHT: Footwear and Garments industries highly fragmented, high competition from unorganized as well as increasing presence of international brands

What are the products and services of RedTape?

RedTape is known for emerging as one of the Finest Brands of Footwear and Clothing for Men, Women and Kids. It has emerged as a complete Family Fashion Destination by providing the Best International Styles and World-Class Quality through Shoes, Apparels and Accessories for all age groups. It owns a Portfolio of Well-Recognized Brands: RedTape, MODE (RedTape London), Bond Street (RedTape London). The Company got demerged from Mirza International in Aug 2023.

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Gensol Engineering

Recent filing: (ORDER) Gensol Engineering has received the second tranche under the greenshoe option allotment from Gujarat Urja Vikas Nigam Limited (GUVNL), adding 250 MW/500 MWh to its standalone Battery Energy Storage Systems (BESS) project. This addition brings the total project capacity to 500 MW/1000 MWh. As a result, the BESS order book has now surpassed INR 3100 Cr.

SUMMARY: 4y Operating Profit uptrend | 5q Operating Profit uptrend | PE 75.5x (Sector PE range 30-90) | Excellent Mar-24 results | Fund raise | Institutional entry | Large Orders | Ace Investor | Acquisitions | Promoter Buying | Solar + EV

FUTURE OUTLOOK: As per FY24 Concall, Company has a total orderbook of INR 1,783 Cr and has projected revenue guidance of INR 2,000 crore for FY25, a 2.1x increase from the FY24 revenue of INR 963 crore. Additionally, the company expects to maintain consolidated EBITDA margins at 25%-26%.

  • MCap of INR 4,040 Crore (share price = INR 1,068 / share) (as on 20th Jun ‘24)
  • TTM PE of 75.5x (as on 20th Jun ‘24) Retail float = 19.2% (Mar-24)

FOOD FOR THOUGHT: Leveraged capital structure attributed to debt funded acquisition of EVs for leasing to Blu-Smart

What are the products and services 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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