Salzer Electronics Promoter Buying, Eco Recycling Fund Raise And Datamatics Global Services Inauguration of Delivery Center
Salzer Electronics Ltd.
Recent filing: (PROMOTER BUYING) Promoter of Salzer Electronics bought 2.2k shares at INR 1,326/share, aggregating to INR 29.6 L in the month of Dec.
SUMMARY: 4y Operating Profit uptrend | 7q Operating Profit uptrend | PE 41.9x (Sector PE range 30-60) | Excellent Jun-24 results | New product line | Fund raise | Capacity expansion | Ace Investor | Aggressive Hiring | Promoter buying | Capital goods (Electrical Equipment) | Railways
FUTURE OUTLOOK: Company targets total revenue of INR 2,300 Cr by FY26, with INR 1,600 Cr from existing businesses and INR 700 crores from Smart Meters. For FY25, it expects 20%-23% growth in revenue and profit, excluding INR 200 Cr of revenue from Smart Meters.
- MCap of INR 2,822 Crore (share price = INR 1,596 / share) (as on 20th Dec ’24)
- TTM PE 41.9x (as on 20th Dec ’24) Retail float = 36.9% (Sep-24)
FOOD FOR THOUGHT: FIIs have reduced stake from 6.1% in Sep-23 to z.8% in Jun-24.
Question 1: Who are the promoters of Salzer Electronics?
Established in 1985 with German collaboration for Cam operated Rotary switches, Salzer Electronics is the largest Rotary switch manufacturers and suppliers in India having more than 40% market share and serving to all segments in India. The Company has complete range of Cam Operated Rotary switches from 6 Amps to 400 Amps and Rotary switch suppliers to Indian Railways.
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Eco Recycling Ltd
Recent filing: (FUND RAISE) Board meeting is scheduled to be held on 23rd Dec 2024, to consider raising of funds by the way of QIP.
SUMMARY: 4y Operating Profit uptrend | 2q Operating Profit uptrend | Excellent Sep-24 results | PE 80.8x (Sector PE range 30-50) | Sustainability and Recycling
- MCap of INR 1,916 Crore (share price = INR 993/ share) (as on 20th Dec ‘24)
- TTM PE 80.8x (as on 20th Dec ‘24) Retail float = 16.1% (Sep-24)
FOOD FOR THOUGHT: PE is above sector range.
Question 1: Who are the promoters of Eco Recycling Ltd?
Company is India’s 1st and one of the leading E-waste management company, offering end-to-end solutions of Reverse Logistics, Data Destruction, Information Technology Asset Disposition (ITAD), Recycling of E-waste, Lamp Recycling, Precious Metal Recovery, implementation of EPR and CSR initiatives, Recycling on Wheels-Smart ER.
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Datamatics Global Services Ltd.
Recent filing: (INAUGRATION OF DELIVERY CENTER) Datamatics Global Services has inaugurated its fourth delivery center in the Philippines, located at Samar Loop, Ayala Business Park, Cebu City. This PEZA-registered facility features modern infrastructure and advanced technology, supporting clients across sectors like financial services, healthcare, insurance, education, e-commerce, technical support, and customer management. It joins Company’s existing centers in Manila and Clark, reaffirming the company’s commitment to innovation and exceptional service.
SUMMARY: PE 20.8x (Sector PE range 30-50) | Strategic Partnerships | New Products | Acquisitions | New-Age IT
FUTURE OUTLOOK: As per Q4FY24 Concall, Company Forecasting 7% to 8% growth in the next financial year | Anticipating sustained margins around 15.7-16% on EBITDA and 13.5-14% on EBIT.
- Mcap of INR 3,778 Crore (share price = INR 639 / share) (as on 20th Dec ’24)
- TTM PE 20.8x (as on 20th Dec ’24) Retail float = 13.7% (Sep-24)
FOOD FOR THOUGHT: Geographical concentration risk (focused in India and West Asia) compared to large IT companies which have a wide presence in the US and European markets
Question 1: Who are the promoters of Datamatics Global Services?
Incorporated in 1987, Datamatics provides solutions for data driven businesses to enhance their productivity and customer experience. Its services can be divided into three segments: digital operations, digital experience and digital technology The Company has also developed products in robotics process automation, advanced analytics business intelligence, and automated fare collection.