Premier Explosives Order, Waaree Renewables Technologies Excellent Results And Techera Engineering Bulk Deal
Premier Explosives Ltd.
Recent filing: (ORDER) Premier Explosives has received an order worth INR 89.2 Cr from Singareni Collieries Company Limited (A Government Company) for supply of SME explosives, LDC explosives (Cap & Non Cap) and accessories (Cast Booster, Detonating Fuse, Cord Relay, Nonel and Electronic Detonators - Factory set) for use in OB blasting at different Opencast Projects of SCCL to be delivered over a period of 2 years.
SUMMARY: 4y Operating Profit uptrend | 2q Operating Profit uptrend | PE 94.4x (Sector PE range 50-100) | Strategic Partnerships | Capacity Expansion | Large Order | Orderbook INR 899 Cr (as of Jun-24) (3.0x of TTM Revenue) | Fund Raise | Defence
FUTURE OUTLOOK: As per Q1FY25 Concall, Company looking at INR 1,000 Cr turnover in the coming 5 years | Company expecting to maintain the order book between INR 900 Cr to INR 1,000 Cr | Company expecting contribution from missile programs like Brahmos, Akash, MRSAM, and Astra in the current financial year.
- MCap of INR 2,565 Crore (share price = INR 477 / share) (as on 6th Nov ‘24)
- TTM PE of 94.4x (as on 6th Nov ‘24) Retail float = 28.9% (Sep-24)
FOOD FOR THOUGHT: Price of ammonium nitrate (key raw material used in manufacturing commercial explosives) can be volatile, Company does not have pass through clauses in the contracts with clients.
Question 1: Who are the promoters of Premier Explosives?
Incorporated in 1980, Premier Explosives Limited is engaged in the business of manufacturing explosives and detonators with totally indigenous technology. It has widest range of products and technologies including Emulsion and Slurry Explosives, LD Cartridge Explosives, Bulk Explosives, Permitted Explosives, Plain Detonators, Electric Delay Detonators, Permitted Detonators etc.
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Waaree Renewables Technologies Ltd.
Recent filing: (EXCELLENT RESULTS) For the quarter ending Sep-24 for Waaree Renewables, Sales up 3.5x YoY from INR 150 Cr in Sep-23 to INR 524 Cr in Sep-24. Similarly, Net Profit up 3x from INR 18 Cr to INR 54 Cr. On a QoQ basis, Sales up 2.2x and Net Profit up 93%.
SUMMARY: 5y Operating Profit uptrend | PE 91.6x (Sector PE range 50-90) | Excellent Sep-24 results | Orderbook of 1.7 GWp (as of Sep-24) to be executed in 09-12 months | Clean Energy
FUTURE OUTLOOK: As per Q2FY25 Investor Presentation, Company commissioned 1.82 GW in solar projects, with plans to scale to 13.3 GW in module capacity and 5.4 GW Cell Capacity by FY25, also ventured into Floating Solar + Energy Storage.
- MCap of INR 18,084 Crore (share price = INR 1,735 / share) (as on 6th Nov ‘24)
- TTM PE 91.6x (as on 6th Nov ‘24) Retail float = 16.9% (Sep-24)
FOOD FOR THOUGHT: Highly competitive sector.
Question 1: Who are the promoters of Waaree Renewables Technologies?
Waaree Renewables Technologies is the flagship company of Waaree Group, founded in 1989 with headquarters in Mumbai, India. It has India's largest Solar PV Module manufacturing capacity of 12 GW at its plant in Gujarat. The company is amongst the top players in India in solar panel manufacturing, EPC services, project development, rooftop solutions, solar water pumps and is also an independent power producer.
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Techera Engineering Ltd
Recent filing: (BULK DEAL) Mona Laroia bought 99.2k shares of Techera Engineering at INR 182/share, aggregating to INR 1.8 Cr.
SUMMARY: 2y Operating Profit uptrend | PE 66.6x (Sector PE range 50-100) | IPO | Acquisition | Ace Investor | Defense
- MCap of INR 321 Crore (share price = INR 194 / share) (as on 6th Nov ‘24)
- TTM PE 66.6x (as on 10th 6th Nov ‘24) Retail float = 11.5% (Sep-24)
FOOD FOR THOUGHT: Vikasa India Fund sold INR 1.2 Cr worth of shares.
Question 1: Who are the promoters of Techera Engineering ?
Company operates in the Aerospace, Defense and Automation sector in India, contributing to the country’s technological advancements and national security. With core focus on manufacturing, Company plays a crucial role in producing high-quality components and systems that meet the demanding standards of the Aerospace & Defence industries.