Nibe Ltd Agreement & Joint Venture, K.P. Energy And KPI Green Energy Good to Excellent Results
Nibe Ltd.
Recent filing: (AGREEMENT & JOINT VENTURES) Nibe has entered into a Licensing Agreements with (i) Vehicles Research & Development Establishment (VRDE), Ahmednagar, (ii) High Energy Material Research Laboratory (HEMEL), Pune, and (iii) Instruments Research & Development Establishment (IRDE), Dehradun, Defence Research & Development Organisation (DRDO), Ministry of Defence, Government of India for Transfer of Technology to manufacture and sell (i) Full Trailer of 70th Tank Transporter for MBT Arjun MK -1A (ii) OPX-Revilator and (iii) Laser Photoacoustic Spectroscopy (LPAS) respectively in India to Indian Armed Forces/Other Govt. Agencies (Central and State).
Company has signed a Letter of Intent (LOI) with HBE, South Korea to set-up a joint venture for forging facilities in India to manufacture defence and aerospace products. In proposed JV Nibe and HBE will hold in the ratio of 51:49.
Company to set-up a joint venture in India with Sig Sauer, USA, (a world-renowned firearms and weapons manufacture of premier global military, law enforcement and commercial users) to manufacture weapons and defence products for the Indian military, paramilitary, security and Police Services. In proposed JV Nibe and Sig Sauer will hold in the ratio of 51:49.
SUMMARY: 3y Operating Profit uptrend | PE 96.3x (Sector PE range 50-100) | Fund raise | Institutional entry | Partnerships | Acquisitions | Large Order | Capex | Mega Project | Entry into Aerospace | Defence
- MCap of INR 2,457 Crore (share price = INR 1,871 / share) (as on 7th Nov ‘24)
- TTM PE of 96.3x (as on 7th Nov ‘24) Retail float = 24.5% (Sep-24)
FOOD FOR THOUGHT: Vikasa India Eif I Fund sold INR 6.6 Cr worth of shares.
Question 1: Who are the promoters of NIBE?
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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K.P. Energy Ltd.
Recent filing: (GOOD TO EXCELLENT RESULTS) For the quarter ending Sep-24 for K.P. Energy, Sales up 2.8x YoY from INR 70 Cr in Sep-23 to INR 199 Cr in Sep-24. Similarly, Net Profit up 3.1x from INR 8 Cr to INR 25 Cr. On a QoQ basis, Sales up 57% and Net Profit up 39%.
SUMMARY: 5y Operating Profit uptrend | 1q Operating Profit uptrend | PE 53.4x (Sector PE range 50-90) | Excellent Sep-24 results | Fund raise | Promoter buying | Institutional entry | Strategic Partnerships | Clean Energy
FUTURE OUTLOOK: As per Q2FY25 Investor Presentation, Company has 2 GW Projects in Hand totaling 1996+ MW, 866+ MW Capacity energized till date including CTU and STU projects. 3. Company has the consolidated IPP portfolio of 19.9 MW, developing a 30 MW Wind IPP Project is under development.
- MCap of INR 4,136 Crore (share price = INR 620 / share) (as on 7th Nov ‘24)
- TTM PE 53.4x (as on 7th Nov ‘24) Retail float = 26% (Sep-24)
FOOD FOR THOUGHT: Selling by Director and Immediate Relatives.
Question 1: Who are the promoters of KP Energy Limited?
KP Energy Limited is a balance of plant (BoP) solution provider for the Wind Energy industry. The company engages throughout the development process of wind farms, right from conceptualization until the commissioning of the project.
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KPI Green Energy Ltd.
Recent filing: (GOOD TO EXCELLENT RESULTS) For the quarter ending Sep-24 for KPI Green Energy, Sales up 67% YoY from INR 215 Cr in Sep-23 to INR 360 Cr in Sep-24. Similarly, Net Profit up 2x from INR 35 Cr to INR 70 Cr. On a QoQ basis, Sales up 3% and Net Profit up 6%.
SUMMARY: 6y Operating Profit uptrend | 2q Operating Profit uptrend | PE 45x (Sector PE range 50-90) | Excellent Sep-24 results | Fund raise | Large Order | Geographical Expansion | Institutional entry | Promoter buying | Solar | Clean Energy
FUTURE OUTLOOK: As per Q2FY25 Investor Presentation, Company has 2.41+ GW of Orders in hand as on Sep 30, 2024 and 1.1+ GW of hybrid Orders in hand as on Sep 30, 2024, also a Zero Net-Debt IPP Company | KP Group has an Ambitious target of 10+ GW by 2030.
- MCap of INR 10,433 Crore (share price = INR 795 / share) (as on 7th Nov ‘24)
- TTM PE 45x (as on 7th Nov ‘24) Retail float = 22.6% (Sep-24)
FOOF FOR THOUGHT: Negative operating cash flow for FY24.
Question 1: Who are the promoters of 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'.