SG Finserve RBI Approval, Gensol Engineering Promoter Buying And Capacite Infraprojects Block Deal
SG Finserve Ltd.
Recent filing: (RBI APPROVAL) SG Finserve Ltd. had submitted an application to the Reserve Bank of India (RBI) on August 6, 2024, seeking approval for obtaining NBFC Type-II status. RBI, through its email dated September 25, 2024, has approved the Company's proposal for conversion from NBFC Type-I to NBFC Type-II.
SUMMARY: 3y Operating Profit uptrend | PE 35.9x (Sector PE range 20-40) | Fund raise | Ace Investor | Promoter Buying | Institutional Entry | NBFC
- MCap of INR 2,950 Crore (share price = INR 528 / share) (as on 26th Sep ‘24)
- TTM PE 35.9x (as on 26th Sep ‘24) Retail float = 8.2% (Jun-24)
FOOD FOR THOUGHT: Highly competitive sector.
Q1. What are the Products and Services offered by SG Finserve Limited?
SG Finserve Limited is Non-Banking Finance Company that caters to Supply Chain Financing solutions for Indian Conglomerates up to the last possible tier. SGFL specializes in providing financing solutions to Dealers/ Distributors, Vendors, Retailers, Logistic providers etc. through seamless tech platform solution.
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Gensol Engineering
Recent filing: (PROMOTER BUYING) Anmol Singh Jaggi (Promoter) bought 12k shares of Gensol Engineering at INR 851/share, aggregating to INR 1 Cr.
SUMMARY: 5y Operating Profit uptrend | 6q Operating Profit uptrend | PE 54.7x (Sector PE range 50-90) | Fund raise | Institutional entry | Geographical Expansion | Large Orders | Orderbook of INR 5,025 Cr (Jun-24) (4.5x of TTM revenue) | Acquisitions | Promoter Buying | Solar + EV
FUTURE OUTLOOK: As per Q1FY25 Concall, Company had projected revenue guidance of INR 2,000 crore for FY25, a 2.1x increase from the FY24 revenue of INR 963 crore. Additionally, the company expects to maintain consolidated EBITDA margins at 25%-26%.
- MCap of INR 3,187 Crore (share price = INR 841 / share) (as on 26th Sep ‘24)
- TTM PE of 54.7x (as on 26th Sep ‘24) Retail float = 20.1% (Jun-24)
FOOD FOR THOUGHT: Leveraged capital structure attributed to debt funded acquisition of EVs for leasing to Blu-Smart
Q1. What are the Products and Services offered by SG Finserve Limited?
Gensol is involved in the business of solar consulting & EPC. It provides concept to commissioning solar advisory, execution and operation services for solar projects in India and abroad. Expanding its operations, Gensol has also established an EV manufacturing facility in Pune, India, for the development and production of electric three wheelers and four wheelers. Alongside, Gensol offers comprehensive EV leasing solutions and is serving leading ride-hailing players with its buy-and-lease package of EV cars.
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Capacite Infraprojects
Recent filing: (BLOCK DEAL) In a block deal, Subir Malhotra bought 3.8L shares of Capacite Infraprojects at INR 396/share, aggregating to INR 15 Cr from Rahul Ramnath Katyal.
SUMMARY: 1y operating profit uptrend | 3q operating profit uptrend | PE 22.4x (Sector PE range 30-40) | Excellent Mar-24 results | Orderbook of INR 8,828 Cr (Jun-24) (4.3x of TTM revenue) | Fund Raise | Ace Investor | Institutional entry | Realty
FUTURE OUTLOOK: As per Q1FY25 Concall, Company projecting a minimum growth of 25% for FY25 | Aims to achieve INR 3k+ Cr order intake for FY25
- MCap of INR 3,462 Crore (share price = INR 409 / share) (as on 26th Sep ’24)
- TTM PE of 22.4x (as on 26th Sep ’24) Retail float = 18.9% (Mar-24)
FOOD FOR THOUGHT: Negative operating cash flow for FY24
Q1. What are the Products and Services offered by Capacite Infraprojects?
Capacite Infraprojects is a building construction company having presence in MMR, NCR, Bangalore, Hyderabad, Chennai, Kochi and Pune, with specialization in construction of super rise buildings.
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