Ratnaveer Precision Engineering And E2E Networks Excellent results, Fiem Industries New R&D Center

Ratnaveer Precision Engineering Ltd.

Recent filing: (EXCELLENT RESULTS) For the quarter ending Jun-24 for Ratnaveer Precision Engineering, Sales up 73% YoY from INR 118 Cr in Jun-23 to INR 204 Cr in Jun-24. Similarly, Net Profit up 63% from INR 8 Cr to INR 13 Cr. On a QoQ basis, Sales up 44% and Net Profit up 2.2x.

SUMMARY: 4y Operating Profit Uptrend | Excellent Jun-24 Results | PE 25.9x (Sector PE range 10-50) | Capacity expansion | New product launches | Fund Raise | Steel Products

  • MCap of INR 915 Crore (share price = INR 189 / share) (as on 18th Jul ‘24)
  • TTM PE 25.9x (as on 18th Jul ‘24) Retail float = 26.1% (Jun-24)

FOOD FOR THOUGHT: Volatility in raw material price.

What are the products and services of Ratnaveer Precision Engineering?

Company is engaged in manufacturing and supply of different Stainless-Steel Products. Company is India’s largest washer manufacturer producing around 6000MT per annum and is known for its Quality Assured Products, Timeless Deliveries World-Wide, Best Prices, Prompt Responses to the customers.

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E2E Networks Ltd.

Recent filing: (EXCELLENT RESULTS) For the quarter ending Jun-24 for E2E Networks, Sales up 2.2x YoY from INR 19 Cr in Jun-23 to INR 41 Cr in Jun-24. Similarly, Net Profit up 43% from INR 7 Cr to INR 10 Cr. On a QoQ basis, Sales up 41% and Net Profit up 2.5x.

SUMMARY: 4y Operating Profit uptrend | 8q Operating Profit uptrend | Excellent Jun-24 Results | PE 97.9x (Sector PE range 30-50) | Institutional Buying | Capacity expansion for Data Centers | New Age IT | Data Center

FUTURE OUTLOOK: Company is planning CAPEX for FY25 to be around INR 800 Cr over the next 12 months.

  • MCap of INR 2,451 Crore (share price = INR 1,692 / share) (as on 18th Jul ‘24)
  • TTM PE of 97.9x (as on 18th Jul ‘24) Retail float = 17.1% (Jun-24)

FOOD FOR THOUGHT: PE is above sector range.

What are the products and services of E2E Networks?

E2E Networks is the 6th largest IAAS platform in India. It began its journey in 2009 as a contract-less computing player targeting the value conscious segment of customers, especially startups. Currently, E2E Networks is the largest NSE listed Cloud Infrastructure Provider having served more than 15,000 customers and having thousands of active customers.

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Fiem Industries Ltd.

Recent filing: (NEW R&D CENTER) Fiem industries has opened a new R&D Center and Liaison Office in Japan, inaugurated by senior officers of Honda Motor Co. Ltd. This strategic move aims to enhance the company's R&D capabilities for Two-Wheeler and Four-Wheeler OEMs, focusing on product innovation and new technologies in automotive lighting. The center will also develop technologies for electric vehicles, autonomous driving, and other cutting-edge automotive advancements.

SUMMARY: 3y Operating Profit uptrend | PE 21.8x (Sector PE range 30-50) | Excellent Mar-24 results | Capacity Expansion | Auto Ancillary

FUTURE OUTLOOK: As per FY24 Investor Presentation, Company expecting organic revenue growth of 12% to 15% in the coming year. Company planning a major Capex of INR 250 Cr to INR 300 Cr over the next 3 years.

  • MCap of INR 3,609 Crore (share price = INR 1,371 / share) (as on 18th Jul ‘24)
  • TTM PE 21.8x (as on 18th Jul ‘24) Retail float = 21.8% (Mar-24)

FOOD FOR THOUGHT: Promoter sold INR 240 Cr worth of shares in Jun‘24.

What are the products and services of Fiem Industries?

Fiem Industries Limited (FIEM) is one of the leading manufacturers of Automotive Lighting, Signaling Equipment, Rear View Mirrors, Sheet Metal and Plastic Parts in India with latest addition as Canister. With strong presence in automotive components industry, company has diversified into LED Luminaries. It is a well reputed name across India and has R&D/ Design Centers in India, Japan and Italy and is a preferred supplier to leading OEMs in India and abroad.

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