Nibe Business Update, Avantel Order And Jupiter Wagons Capacity Expansion
Nibe Ltd.
Recent filing: (BUSINESS UPDATE) Government of Maharashtra has granted "Mega Project" status to Nibe for its proposed manufacturing facility at MIDC, Shirdi. The facility will produce various aircraft parts, such as vertical stabilizers, horizontal stabilizers, wings, jet engines, cockpits, fuselages, slats, spoilers, ailerons, flaps, and rudders.
The project involves an investment of INR 1,200 Cr. Company will receive various benefits under the 2019 Scheme of Incentives Policy, including 300 acres of land provided by MIDC, Shirdi.
- MCap of INR 2,790 Crore (share price = INR 2,125 / share) (as on 18th Sep ‘24)
- TTM PE of 109x (as on 18th Sep ‘24) Retail float = 24.5% (Aug-24)
FOOD FOR THOUGHT: PE is above sector range
Q1. What are the Products and Services offered by Nibe Ltd?
NIBE is into three major businesses. E-vehicles: Designing, developing, manufacturing and trading of e-vehicles. Defense: Wide spectrum of critical components catering to the defense industry. IT: Networking solutions, network security, data security, endpoint security.
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Avantel Ltd.
Recent filing: (ORDER) Avantel has received a purchase order worth INR 9.4 Cr from New Space India Limited for Supply, Installation and Commissioning of Ground Segment Hub, to be completed before Nov ‘25.
SUMMARY: 4y Operating Profit uptrend | PE 80.7x (Sector PE range 50-100) | Capacity expansion | Ace Investor | Defence
- Mcap of INR 4,196 Crore (share price = INR 172 / share) (as on 18th Sep ‘24)
- TTM PE 80.7x (as on 18th Sep ‘24) Retail float = 30.3% (Jun-24)
FOOD FOR THOUGHT: Revenue concentration (63% from top 3 clients in defence sector and SATCOM industry) | Promoter selling (INR 90L in Feb-24)
Q1. What are the Products and Services offered by Avantel Ltd?
Established in 1990, Avantel specializes in RF/microwave subsystems, digital radios, and satellite communication systems, and offers related software solutions and services. It supplies mainly to defence establishments and allied departments in the public and private sectors.
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Jupiter Wagons Ltd.
Recent filing: (CAPACITY EXPANSION) Jupiter Wagons is renaming its subsidiary to Jupiter Tatravagonka Railwheel Factory and expanding its Odisha facility to increase forged wheelset production from 20,000 to 100,000 units annually, with an investment of INR 2,500 Cr.
The facility will be operational by 2027, serving both domestic and export markets, aligning with the "Make in India" initiative. The project also enhances operational efficiency through backward integration, and Schuler Pressen GmbH will supply a fully integrated forged wheel and axle line.
SUMMARY: 4y Operating Profit uptrend | PE 63.3x (Sector PE range 40-70) | Fund Raise | Institutional Entry | Promoter Buying | Orderbook INR 7,028 Cr (Jun-24) (1.9x of TTM Revenue) | Capacity expansion | Acquisition | Railways
- MCap of INR 22,694 Crore (share price = INR 535 / share) (as on 18th Sep ‘24)
- TTM PE of 63.3x (as on 18th Sep ‘24) Retail float = 8.3% (Jul-24)
FOOD FOR THOUGHT: Steel and related products serve as raw materials, and their prices are volatile, potentially impacting margins
Q1. What are the Products and Services offered by Jupiter Wagons Ltd?
Jupiter Wagons is complete transportation solutions engineer and one of the fastest growing in India's railway sector. It is one of few players in India's railway wagons sector with a captive foundry, one of the highest capacity complements and India's largest manufacturer of 25 tonnes wagons.
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