Sovrenn Daily News - 12th Dec 2024
Chemtech Industrial Valves Ltd.
Recent filing: (BUSINESS UPDATE) Chemtech Industrial has successfully manufactured and supplied a DN 1600 mm Goggle Valve weighing 25 MT to a leading integrated steel plant in India for mixed gas applications. This repeat order highlights CIVL's leadership in providing 100% man-safe isolation solutions. Over the past 7 years, CIVL has established itself as a trusted supplier of Goggle Valves in the steel industry.
SUMMARY: 3y Operating Profit uptrend | PE 67.7x (Sector PE range 30-60) | Fund Raise | Capital Goods – Non electrical equipments
- MCap of INR 405 Crore (share price = INR 239 / share) (as on 12th Dec ‘24)
- TTM PE of 67.7x (as on 12th Dec ‘24) Retail float = 18.8% (Sep-24)
FOOD FOR THOUGHT: PE is above sector range.
Company Description: Chemtech Industrial Valves, incorporated in 1997, is engaged in the business of manufacturing carbon steel and stainless-steel valves of various types and sizes ranging from 15mm to 4000mm. It has significant customer base in steel industry. It also supplies its products to Oil & Gas Industry, Defense Industry, Nuclear Space, etc.
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Shakti Pumps (India) Ltd.
Recent filing: (ORDER) Shakti Pumps has received a Letter of Empanelment from Maharashtra State Electricity Distribution Company Limited for 25000 Stand-alone Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) pumps worth INR 754 Cr for the entire state of Maharashtra under Magel Tyala Saur Krushi Pump Scheme, to be executed within 60 days from the issuance of NTP/work order.
SUMMARY: 2y Operating Profit uptrend | 4q Operating Profit uptrend | PE 30.9x (Sector PE range 30-60) | Excellent Sep-24 results | Fund raise | Expanding into EV Mobility through WOS | Promoter Buying | Institutional Entry | Order Book of INR 1,800 Cr (Sep-24) (0.8x times of TTM Revenue) | Solar Pumps | Capital Goods – Non-Electrical Equipment
FUTURE OUTLOOK: As per Q1FY25 Concall, Company expecting revenue growth of around 25% - 30% for next 3 to 4 years | As per Q2FY25 Investor Presentation, Company manufacturing Solar Structures for Solar Panels with capacity of 1,00,000 units per annum, with Capacity Expansion in Progress to Double existing capacities.
- MCap of INR 10,152 Crore (share price = INR 844 / share) (as on 12th Dec ‘24)
- TTM PE 30.9x (as on 12th Dec ‘24) Retail float = 23.5% (Sep-24)
FOOD FOR THOUGHT: Company's revenue heavily relies on government tenders in the solar pumps market, with growth tied to government initiatives.
Company Description: Company is involved in the manufacturing of energy-efficient pumps and motors. Its latest series of new advanced solar energy-operated pumps has emerged as a prestigious brand in domestic and international markets. These pumps are used for a variety of purposes, including cutting and grinding, fire-fighting, managing sewage, and heating and cooling systems.
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Atmastco Ltd.
Recent filing: (FUND RAISE) Board meeting to be held on 14th Dec 2024 to consider fund raise.
SUMMARY: 4y Operating Profit uptrend | 2q Operating Profit uptrend | PE 26.9x (Sector PE range 30-60) | Excellent Sep-24 results | Entry into Defence | Fund raise | EPC
- MCap of INR 655 Crore (share price = INR 265 / share) (as on 12th Dec ‘24)
- TTM PE 26.9x (as on 12th Dec ‘24) Retail float = 20.2% (Sep-24)
FOOD FOR THOUGHT: Highly Competitive sector
Company Description: Company initially focused on trading steel products, industrial goods, and related items. Over time, it expanded its operations to include commercial activities in the engineering and erection business, broadening its scope and expertise.