Sovrenn Daily News - 11th Nov 2024
Ratnaveer Precision Engineering Ltd.
Recent filing: (GOOD TO EXCELLENT RESULS) For the quarter ending Sep-24 for Ratnaveer Precision, Sales up 62% YoY from INR 142 Cr in Sep-23 to INR 230 Cr in Sep-24. Similarly, Net Profit up 50% from INR 8 Cr to INR 12 Cr. On a QoQ basis, Sales up 13% and Net Profit down 8%.
(FUND RAISE) Board Meeting to be held on 11-Nov-2024 to consider fund raise.
SUMMARY: 4y Operating Profit Uptrend | PE 25.7x (Sector PE range 10-50) | Excellent Sep-24 Results | Capacity expansion | New product launches | Fund Raise | Steel Products
- MCap of INR 1,019 Crore (share price = INR 210 / share) (as on 11th Nov ‘24)
- TTM PE 25.7x (as on 11th Nov ‘24) Retail float = 24.7% (Sep-24)
FOOD FOR THOUGHT: Volatility in raw material price.
Company Description: Company is engaged in manufacturing and supply of different Stainless-Steel Products. Company is India’s largest washer manufacturer producing around 6000MT per annum and is known for its Quality Assured Products, Timeless Deliveries World-Wide, Best Prices, Prompt Responses to the customers.
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Dynacons Systems & Solutions Ltd.
Recent filing: (GOOD TO EXCELLENT RESULS) For the quarter ending Sep-24 for Dynacons System, Sales up 39% YoY from INR 220 Cr in Sep-23 to INR 306 Cr in Sep-24. Similarly, Net Profit up 38% from INR 13 Cr to INR 18 Cr. On a QoQ basis, Sales down 5% and Net Profit remained flat.
SUMMARY: 6y Operating Profit uptrend | 4q Operating Profit uptrend | PE 26.7x (Sector PE range 30-50) | Excellent Sep-24 Results | New Age IT
- MCap of INR 1,691 Crore (share price = INR 1,330 / share) (as on 11th Nov ‘24)
- TTM PE 26.7x (as on 11th Nov ‘24) Retail float = 25.9% (Sep-24)
FOOD FOR THOUGHT: Risk of timing of receivable from PSU Entities.
Company Description: Established in 1995, Dynacons undertakes all activities related to IT infrastructure including infrastructure design and consultancy services, turnkey systems integration of large Network and Data Centre infrastructure including supply of associated equipment and software, onsite and remote facilities management of multi-location infrastructure of domestic locations.
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Teerth Gopicon Ltd.
Recent filing: (GOOD TO EXCELLENT RESULTS) For the half year ending Sep-24 for Teerth Gopicon, Sales up 84% YoY from INR 37 Cr in Sep-23 to INR 68 Cr in Sep-24. Similarly, Net Profit up 3.3x from INR 3 Cr to INR 10 Cr. On a HoH basis, Sales remained flat and Net Profit up 25%.
SUMMARY: 4y Operating Profit uptrend | 3h Operating Profit uptrend | PE 34.1x (Sector PE range 10-50) | Excellent Sep-24 results | IPO | Water Infra
- MCap of INR 602 Crore (share price = INR 502 / share) (as on 11th Nov ‘24)
- TTM PE 34.1x (as on 11th Nov ‘24) Retail float = 22.1% (Sep-24)
FOOD FOR THOUGHT: Highly competitive sector
Company Description: The Company specializes in road construction, sewerage work, and water distribution projects in Madhya Pradesh, and has also subcontracted residential tower construction in Indore. As an EPC contractor, it provides detailed project engineering, procurement of materials and machinery, project execution, and operation and maintenance services.