Rishi Laser Ltd Technical Collaboration, Remsons Industries Bulk Deal And Ceigall India Order

Rishi Laser Ltd

Recent filing: (TECHNICAL COLLABORATION) Rishi Laser Ltd entered into a Technical Collaboration and Sales arrangement, with two Robot Manufacturing companies, to provide advanced Robotic Systems and solutions tailored for the Steel Fabrication Industry. Through this partnership, Company will provide cutting-edge automation solutions to the steel processing sector.

The demand for cost-effective robotic solutions in the industry is substantial, and the company is confident that this collaboration will enable it to meet that need. Robotic systems offer significant advantages, including improved productivity, enhanced precision, and increased safety in operations. By automating complex and repetitive tasks, robots can help the customers achieve higher productivity and maintain consistent quality standards.

SUMMARY: 5y Operating Profit uptrend | PE 17.5x (Sector PE range 30-60) | Capital Goods Non-Electrical Equipment

FUTURE OUTLOOK: In the FY24 Concall, it was noted that the Pune plant is three times larger than the Bangalore plant but produces less than half the business, highlighting growth potential. With the new facility and resources, the company can scale up to achieve business volumes of INR 250-300 Cr.

• MCap of INR 144 Crore (share price = INR 157 / share) (as on 23rd Sep ‘24)
• TTM PE 17.5x (as on 23rd Sep ‘24) Retail float = 31.4% (Jun-24)

FOOD FOR THOUGHT: Low promoter holding.

Q1. What are the Products and Services offered by Rishi Laser Ltd?

Company is one of India’s largest steel fabricators, specializing in precision sheet steel fabrication with over 16 CNC Laser Cutting Machines across six units in five states. ISO 9001:2015 certified, it employs lean manufacturing and advanced technologies like CNC Laser Cutting, Plasma & Gas Cutting, and Multi-Axis Welding Robots. 

With a skilled workforce and modern infrastructure, the company offers comprehensive fabrication solutions and has achieved significant milestones through efficient production practices.

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Remsons Industries Ltd

Recent filing: (BULK DEAL) On 17th Sep '24, Bnp Paribas Financial Markets bought 6L shares of Remsons Industries at INR 190/share, aggregating to INR 11.4 Cr.

SUMMARY: 4y Operating Profit uptrend | PE 51x (Sector PE range 30-50) | Fund raise | Institutional Entry | Auto Ancillary

• MCap of INR 690 Crore (share price = INR 198 / share) (as on 23rd Sep ‘24)
• TTM PE 51x (as on 23rd Sep ‘24) Retail float = 13.2% (Jun-24)

FOOD FOR THOUGHT: PE is above sector range.

Q1. What are the Products and Services offered by Remsons Industries?

Company is a Pioneer in the manufacturing of Auto Products since the last 50 years. Delivering best quality Products like Control Cables, Gear Shifters, Pedal Boxes, Winches, Jacks etc.

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Ceigall India Ltd.

Recent filing: (ORDER) Ceigall India has emerged as L1 bidder for two projects of worth INR 2,498 Cr as follows: (i) 1,199 Cr for Construction of 4/6 Lane Northern Ayodhya Bypass in Uttar Pradesh. (II) INR 1,299 Cr for Construction of 4/6 Lane Southern Ayodhya Bypass in Uttar Pradesh.

SUMMARY: 4y Operating Profit uptrend | PE 20.1x (Sector PE range 10-50) | Orderbook = INR 9471 Cr (as of Jun-24) (2.9x of TTM Revenue) | Infrastructure

FUTURE OUTLOOK: As per Q1FY25 Concall, Management is hoping that the company will make a proper effort to report same level of growth during FY25.

• MCap of INR 6,822 Crore (share price = INR 392 / share) (as on 23rd Sep ‘24)
• TTM PE 20.1x (as on 23rd Sep ‘24) Retail float = 8.9% (6th Aug 2024)

FOOD FOR THOUGHT: Negative operating Cashflows for FY24.

Q1. What are the Products and Services offered by Ceigall India Ltd?

Company is an infrastructure construction company with experience in undertaking specialized structural works such as elevated roads, flyovers, bridges, Railway over bridges (ROB), tunnels, highways, expressways and runways.

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