Marine Electricals Order, Cellecor Gadgets New Store And Bondada Engineering Order
Marine Electricals (India) Ltd.
Recent filing: (ORDER) Marine Electricals has received an order worth INR 20.4 Cr from L&T Shipbuilding, for Supply of Integrated Bridge System (IBS). The Delivery shall be over a period of 14-15 Months.
SUMMARY: 5y Operating Profit uptrend | 3q Operating Profit uptrend | PE 141x (Sector PE range 30-60) | Excellent Mar-24 results | Fund raise | Capital goods
- MCap of INR 3,628 Crore (share price = INR 274 / share) (as on 24th Jul ‘24)
- TTM PE 141x (as on 24th Jul ‘24) Retail float = 18.2%(Jun-24)
FOOD FOR THOUGHT: PE is above sector range | Negative Operating cash flow for FY24
Q1. What are the Products and Services offered by Marine Electricals?
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.
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Cellecor Gadgets Ltd.
Recent filing: (NEW STORE) Cellecor Gadgets announced the opening of two new Exclusive Brand Stores in Mizoram and New Delhi.
SUMMARY: 2y Operating Profit uptrend | 3 semi-annual Operating Profit uptrend | PE 37.7x (Sector PE range: 30-70) | Excellent Mar-24 results | Fund Raise | Brand Launch | New SKUs | New Products | New Showrooms | Geographical Expansion | Celebrity Brand Ambassador | Consumption
FUTURE OUTLOOK: Company targeting a revenue of INR 1000 Cr in FY25, a 2x increase from the FY24 revenue of INR 500 Cr.
- MCap of INR 606 Crore (share price = INR 289 / share) (as on 18th Jul ‘24)
- TTM PE 37.7x (as on 18th Jul ‘24) Retail float = 9.3% (Mar-24)
FOOD FOR THOUGHT: Cash flow from operations negative for FY24.
Q2. What are the Products and Services offered by Cellecor Gadgets?
Operating under the brand name CELLECOR, the Company is involved in the procurement, branding, and distribution of various consumer electronics such as television, mobile phones, smart wearables, mobile accessories, smartwatches, and neckbands. It has an established presence in India with over 1,200 service centers, 800 distributors, with products available in more than 24,000 retail stores. Its product range consists of 300+ different items, and it has successfully reached 100 million users across India through both online and offline dealer channels, offering affordable consumer electronics.
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Bondada Engineering Ltd.
Recent filing: (ORDER) Bondada Engineering has received a work order worth INR 9.6 Cr from GameChange Solar, United states for supply of Solar Module Mounting Structures (MMS) and it needs to be delivered within 14 weeks. This is the Company’s first international order.
(ORDER) Company has received a work order worth INR 5.0 Cr from Svojas Power Private Limited, for Fabrication, galvanizing and supply of various types of towers and tower parts, tower extensions (complete), excluding bolts & nuts, steps bolts and stubs but including hangers, DShackles pack washers etc and it needs to be executed within 2 months.
(ORDER) Company has received a work order worth INR 1.7 Cr from Bharti Airtel Limited, for Supply of 6 mtr Height GI pole without Base.
SUMMARY: 3y Operating Profit uptrend | 3h Operating Profit uptrend | PE 135x (Sector PE range 30-50) | Excellent Mar-24 results | Fund Raise | Large Order | 5G+Solar Infrastructure
FUTURE OUTLOOK: As on 31st Mar 2024, Orderbook = INR 1,747 Cr, Orders in pipeline = INR 1,260 Cr
- MCap of INR 6,049 Crore (share price = INR 2,800 / share) (as on 24th Jul ‘24)
- TTM PE of 135x (as on 24th Jul ‘24) Retail float = 16.4% (Mar-24)
FOOD FOR THOUGHT: PE multiple is above sector range.
Q3. What are the Products and Services offered by Bondada Engineering?
Bondada is an infrastructure company that specializes in offering engineering, procurement, and construction (EPC) services, as well as operations and maintenance (O&M) services to clients in the telecom and solar energy sectors across India. Its expertise encompasses core design and engineering, with a focus on passive telecom infrastructure services such as construction, operation and maintenance of telecom towers, optical fiber cables and related infrastructure.
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