KPT Industries And ITD Cementation India Good to Excellent Results, KPI Green Energy Excellent Results
KPT Industries Ltd.
Recent filing: (GOOD TO EXCELLENT RESULTS) For the quarter ending Jun-24 for KPT Industries, Sales up 21% YoY from INR 37.79 Cr in Jun-23 to INR 45.79 Cr in Jun-24. Similarly, Net Profit up 55% from INR 2.64 Cr to INR 4.09 Cr. On a QoQ basis, Sales up 17% and Net Profit up 12%.
SUMMARY: 3y Operating Profit uptrend | 4q Operating Profit uptrend | PE 25.3x (Sector PE range 30-60) | Excellent Jun-24 results | Capital Goods
- MCap of INR 343 Crore (share price = INR 1,008 / share) (as on 8th Aug ’24)
- TTM PE of 25.3x (as on 8th Aug ’24) Retail float = 35.4% (Jun-24)
FOOD FOR THOUGHT: Cash Conversion Cycle increased from 166 days in FY23 to 223 days in FY24.
Q1. What are the Products and Services offered by KPT Industries ?
KPT Industries is in the business of manufacturing electrical power tools and roots blowers, electric CVs and power generation through windmills. Its plant is located at Shirol, Maharashtra.
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ITD Cementation India Ltd.
Recent filing: (GOOD TO EXCELLENT RESULTS) For the quarter ending Jun-24 for ITD Cementation, Sales up 30% YoY from INR 1833 Cr in Jun-23 to INR 2381 Cr in Jun-24. Similarly, Net Profit up 92% from INR 52 Cr to INR 100 Cr. On a QoQ basis, Sales up 5% and Net Profit up 11%.
SUMMARY: 4y Operating Profit uptrend | 7q Operating Profit uptrend | PE 28.6x (Sector PE range 20-50) | Excellent Jun-24 results | EPC
FUTURE OUTLOOK: As per Q4FY24 concall, Company expects revenue growth of 20% plus and maintaining a margin of 10% or more. | Orderbook of INR 18,500 Cr as of Jun 2024 | Orders in pipeline = INR 25,000 to 30,000 Cr.
- MCap of INR 9,212 Crore (share price = INR 536 / share) (as on 8th Aug ’24)
- TTM PE of 28.6x (as on 8th Aug ’24) Retail float = 19.3% (Jun-24)
FOOD FOR THOUGHT: Franklin India Focused Equity Fund reduced its stake from 9.3% in Jun-22 to 3.2% in Jun-23 and close to 0% in Jun-24.
Q1. What are the Products and Services offered by ITD Cementation India?
ITD Cementation Ltd. established its operations in India in 1931 as a branch of The Cementation Company Ltd, UK, for carrying out extensive grouting and drilling works to the hydraulic structures which were then growing at rapid pace. Since then, the company has been assiduously working towards building stronger India and has gained vast expertise in field of infrastructure construction.
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KPI Green Energy Ltd.
Recent filing: (EXCELLENT RESULTS) For the quarter ending Jun-24 for KPI Green Energy, Sales up 84% YoY from INR 189 Cr in Jun-23 to INR 348 Cr in Jun-24. Similarly, Net Profit up 2x from INR 33 Cr to INR 66 Cr. On a QoQ basis, Sales up 20% and Net Profit up 53%.
SUMMARY: 6y Operating Profit uptrend | 1q Operating Profit uptrend | PE 62.4x (Sector PE range 50-90) | Excellent Jun-24 results | Fund raise | Large Order | Geographical Expansion | Institutional entry | Promoter buying | Solar
FUTURE OUTLOOK: As per Q1FY25 Investor Presentation, Company has 2.3+GW of orders in hand, and has ambitious target of 10+GW IN 2030.
- MCap of INR 12,218 Crore (share price = INR 1,013 / share) (as on 8th Aug ’24)
- TTM PE 62.4x (as on 8th Aug ’24) Retail float = 21.4% (Jul-24)
FOOF FOR THOUGHT: Negative operating cash flow for FY24.
Q1. What are the Products and Services offered by KPI Green Energy?
Incorporated in 2002, KPI Green develops, builds, owns, operates, and maintains solar power plants through Independent Power Producer (IPP) and as service provider to Captive Power Producer (CPP) under the brand name of 'Solarism'.