Sovrenn Daily News - 10th Mar 2025

Ganesh Green Bharat Ltd.

Recent filing: (ORDER) Ganesh Green Bharat has received an INR 75.4 Cr Letter of Empanelment and Rate Contract from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for designing, supplying, installing, and maintaining 2,500 Off-Grid DC Solar Water Pumping Systems (3 HP, 5 HP, 7.5 HP) under the Magel Tyala Saur Krushi Pump scheme, including a 5-year warranty and maintenance.

FUTURE OUTLOOK: As per H1FY25 Concall, Company is targeting a turnover of INR 300-350 Cr for FY25 (91% growth over FY24) and INR 550-600 Cr for FY26 | Target turnover over the next 4-5 years is INR 3,500-4,000 Cr | As per H1FY25 Investor Presentation, Company plans to expand its capacity from the current 236 MW to 750 MW (3x growth) by the end of CY24.

MCap of INR 905 Crore (share price = INR 365 / share) (as on 10th Mar ‘25)

TTM PE 32.3x (as on 10th Mar ‘25) Retail float = 15.9% (Sep-24)

FOOD FOR THOUGHT: Highly competitive sector.

Stock price can go down or up based on market forces. Always diversify your portfolio.

Company Description: Incorporated in 2016, Ganesh Green Bharat Limited specializes in Solar PV Module manufacturing, Solar Systems and Allied Services, Electrical Contracting, and Water Supply Scheme Projects.

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Kfin Technologies Ltd.

Recent filing: (JOINT VENTURE) KFintech and CAMS have formed a joint venture, MFC Technologies Private Limited, to develop and operate the MF Central investment management platform.

FUTURE OUTLOOK: As per Q1FY25 Concall, Company expectations is for EBITDA margins to remain in the 40%-45% range for FY25.

MCap of INR 15,501 Crore (share price = INR 902 / share) (as on 10th Mar ‘25)

TTM PE of 48.1x (as on 10th Mar ‘25) Retail float = 6.1% (Dec-24)

FOOD FOR THOUGHT: Highly competitive sector.

Stock price can go down or up based on market forces. Always diversify your portfolio.

Company Description: Kfintech serves the mission-critical needs of asset managers with clients spanning mutual funds, AIFs (alternative investments), pension, wealth managers and corporates in India and abroad. The Company provides SaaS based end-to-end transaction management, channel management, compliance solutions, data analytics and various other digital services to asset managers across segments, as well as outsourcing services for global players.

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Lemon Tree Hotels

Recent filing: (BUSINESS UPDATE) Lemon Tree Hotels has signed two new properties in Madhya Pradesh—Keys Lite by Lemon Tree Hotels in Niman and Garoth—managed by its subsidiary Carnation Hotels. Both hotels, located along the Delhi-Mumbai Expressway, will feature 42 rooms, a restaurant, banquet, and meeting room, and are set to open by FY26.

FUTURE OUTLOOK: As per Q3FY25 Concall, Company is targeting INR 60 Cr EBITDA from keys in Q4, aiming for INR 6.5 lakh per key. Currently, EBITDA stands at INR 1 lakh per key per quarter or INR 3.5 lakh annually, and is confident of doubling this.

MCap of INR 10,081 Crore (share price = INR 127 / share) (as on 10th Mar ‘25)

TTM PE 56.4x (as on 10th Mar ‘25) Retail float = 10.7% (Dec-24)

FOOD FOR THOUGHT: Highly competitive sector.

Stock price can go down or up based on market forces. Always diversify your portfolio.

Company Description: Lemon Tree Hotels Limited (LTHL) is one of India’s largest hotel chains, operating across upscale to economy segments with seven brands. Since opening its first hotel in 2004, LTHL has grown to 200+ hotels, including 110+ operational properties and 90+ upcoming ones in India and internationally. Its presence spans major metros like Delhi, Mumbai, Bengaluru, and Chennai, as well as tier I-III cities and global locations such as Dubai, Bhutan, and Nepal.