Rocking Deals Fundraise Cancellation, Central Depository Services Partnership And Va Tech Wabag Strategic Partnership
Rocking Deals Circular Economy Ltd.
Recent filing: (FUNDRAISE CANCELLATION) BoD of Rockingdeals has decided to withdraw and cancel the proposed issuance of 5.4 L equity shares and 2.2 L warrants at INR 535/each on a preferential basis. This decision follows the termination of the MOU with Digi2L on 13th Mar-25, which has led to short-term growth challenges in the pre-owned business. Considering current market conditions, the Company will revisit the fundraising plan appropriately.
Additionally, the expansion plan announced on 30th Dec-24, will be postponed and reconsidered later. Initially, the company planned INR 100 Cr investment over 12 months to expand in India and internationally, targeting INR 400-500 Cr revenue by FY27 with 10-15% PAT margins. Company remains committed to long-term growth and will reassess the plan at an appropriate time.
SUMMARY: 2y Operating Profit uptrend | PE 20.9x (Sector PE range 30-70) | Fund raise | Institutional entry | Ace Investor | Promoter buying | Consumption
- MCap of INR 146 Crore (share price = INR 258 / share) (as on 21st Mar' 25)
- TTM PE 20.9x (as on 21st Mar ‘25) Retail float = 14.4% (Sep-24)
FOOD FOR THOUGHT: Negative operating cash flow for FY24.
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Question 1: Who are the promoters of Rocking Deals Circular Economy Ltd?
The company is a leading Indian B2B re-commerce specialising in excess inventory management and sustainable procurement solutions. Compspecializes in bulk trading of surplus and refurbished inventory across various categories like mobile phones, electronics, home appliances, apparel, etc.
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Central Depository Services (India) Ltd.
Recent filing: (PARTNERSHIP) Central Depository Services Insurance Repository Ltd. (CIRL), a subsidiary of CDSL, has signed an agreement with LIC to provide Insurance Repository (IR) services as part of LIC's RFP process. With this, CIRL now partners with 43 insurers, including 23 life insurance companies, expanding its reach across India. LIC, which holds an 8.3% stake in CIRL, joins as a key partner, enhancing CIRL's opportunities to develop value-added services for policyholders.
SUMMARY: 2y Operating Profit uptrend | PE 45.8x (Sector PE range 20-50) | Institutional Entry | Acquisition | Partnership | Financial Services
- MCap of INR 25,406 Crore (share price = INR 1,216 / share) (as on 21st Mar 25)
- TTM PE 45.8x (as on 21st Mar ‘25) Retail float =40.1% (Dec-24)
FOOD FOR THOUGHT: Highly competitive sector
Stock price can go down or up based on market forces. Continuously diversify your portfolio.
Question 1: Who are the promoters of Central Depository Services (India) Ltd?
The company is a market infrastructure institution (MII) and a crucial part of the capital market structure, providing services to all market participants, including exchanges, clearing corporations, depository participants (DPs), issuers, and investors.
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Va Tech Wabag Ltd.
Recent filing: (STRATEGIC PARTNERSHIP) Va Tech Wabag has signed a non-binding term sheet to establish the 'Municipal Platform' for developing capital projects in the municipal sector. The platform will invest up to INR 863 Cr (USD 100 million) over 3 to 5 years. The Par Company ParCompany will provide EPC and O&M services, while also making a minority investment, aligning with its asset-light strategy.
SUMMARY: 6y Operating Profit uptrend | PE 34.5x (Sector PE range 30-60) | Institutional Entry | Large Order | Order book of INR 14,263 Cr as on Dec 2024 (4.6x of TTM revenue) | Waste Water Management | Capital Goods – Non-Electrical Equipments
FUTURE OUTLOOK: As per Q3FY25 Investor Presentation, Company anticipation revenue growth of 15-20% CAGR (FY24 Revenue = 2,856 Cr) and an EBITDA of 13-15 % over the next 3-5 years | Company's ROCE target is set at 20%, to achieve an ROE of more than 15%.
- MCap of INR 9,248 Crore (share price = INR 1,487 / share) (as on 21st Mar 25)
- TTM PE 34.5x (as on 21st Mar ‘25) Retail float = 37.0% (Dec-24)
FOOD FOR THOUGHT: FIIs have reduced stake | Low Promoter Holding
The stock price can go down or up based on market forces. Always diversify your portfolio.
Question 1: Who are the promoters of Va Tech Wabag?
WABAG's water saga spans over ninety years, making it an industry leader today in the field of total water management. With a presence in four continents, WABAG is a pure-play water technology multinational offering a wide range of solutions focused on conservation and optimisation, recycling,g and reuse of resources, and it is directed at addressing water challenges worldwide.
