Sovrenn Daily News - 11th Dec 2024
Aurionpro Solutions
Recent filing: (ORDER) Aurionpro Solutions has secured a major deal with one of Saudi Arabia's largest banks to implement its iCashpro+ transaction banking platform, enhancing corporate banking operations with AI-driven automation and digital innovation. This marks Aurionpro's second major win in the KSA this year, aligning with Vision 2030 and reinforcing its presence in the Middle East.
SUMMARY: 4y Operating Profit uptrend | 7q Operating Profit uptrend | PE 61.3x (Sector PE range 30-50) | Excellent Sep-24 results | Fund raise | Institutional entry | Acquisition | Partnership | Large order | Orderbook of INR 1,150 Cr+ (Sep-24) (1x of TTM revenue) | New-age IT
FUTURE OUTLOOK: As per the Q2FY25 Concall, Company is optimistic about achieving its guided growth of over 30%+ for FY25, while ensuring that earnings margins stay within the projected range.
- MCap of INR 10,083 Crore (share price = INR 1,828 / share) (as on 11th Dec ‘24)
- TTM PE of 61.3x (as on 11th Dec ‘24) Retail float = 8.6% (Sep-24)
FOOD FOR THOUGHT: PE is above sector range
Company Description: Aurionpro is the convergence of advanced technology solutions that help enterprises accelerate Digital Innovation - securely and efficiently. It is 'One Platform', guiding businesses to ADAPT to a new paradigm in Digital Transformation across Banking Transportation, Logistics, and Government sectors.
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H. G. Infra Engineering Ltd.
Recent filing: (ORDER) H.G. Infra has received a letter of acceptance from MoRTH worth INR 763 Cr project to upgrade NH-227B (84 Kosi Parikrama Marg) in Uttar Pradesh to a two-lane paved shoulder configuration under the Hybrid Annuity Model. The 63.84 km project has a construction period of two years.
SUMMARY: 6y Operating Profit uptrend | PE 18.9x (Sector PE range 10-50) | Institutional entry | Infrastructure
FUTURE OUTLOOK: As per Q1FY25 Investor Presentation, Company has a total Order book of INR 15,642 Cr as of June 2024 | As per Q1FY25 Concall, Company committed for an order inflow of INR 11,000 Cr to INR 12,000 Cr in FY25, with a revenue growth of 17% to 18% and a margin of 15% to 16%.
- MCap of INR 9,905 Crore (share price = INR 1,520 / share) (as on 11th Dec ‘24)
- TTM PE of 18.9x (as on 11th Dec ‘24) Retail float = 10.5%% (Sep-24)
FOOD FOR THOUGHT: Client concentration risk: Road projects from NHAI and ARTL contribute to 87% of orderbook as of Dec-23.
Company Description: With a resilient two-decade journey, HGIEL has emerged as one of India's fastest-growing construction companies. Its dedication to quality and timely execution has been pivotal in establishing it as a trusted leader in the infrastructure industry. It is engaged in the business of EPC and Maintenance of roads, bridges, flyovers, etc.
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Tejas Networks Ltd
Recent filing: (NEW CONTRACT) Tejas Networks has entered into a three - year contract with Vodafone Idea Limited to supply its industry-leading TJ1400 and TJ1600 packet and optical transmission products to augment Vodafone Idea’s backhaul capacity and boost network performance across multiple telecom circles in the country.
SUMMARY: 3y Operating Profit uptrend | PE 50x (Sector PE range 30-60) | Excellent Sep-24 results Orderbook of INR 4,845 Cr (Sep-24) | 5G
- MCap of INR 22,691 Crore (share price = INR 1,324 / share) (as on 11th Dec ‘24)
- TTM PE 50x (as on 11th Dec ‘24) Retail float = 13.7% (Sep-24)
FOOD FOR THOUGHT: Negative operating cashflow for FY24.
Company Description: Tejas Networks designs and manufactures high-performance wireline and wireless networking products for telecommunications service providers, internet service providers, utilities, defence and government entities in over 75 countries. Tejas Networks Ltd. is a part of the Tata Group, with Panatone Finvest Ltd. (a subsidiary of Tata Sons Pvt. Ltd.) being the majority shareholder.