Sovrenn Daily News - 13th Mar 2025

International Gemmological Institute (India) Ltd

Recent filing: (GOOD RESULTS) For the quarter ending Dec-24 for IGIL, Sales up 6% YoY from INR 250 Cr in Dec-23 to INR 265 Cr in Dec-24. Similarly, Net Profit up 46% from INR 78 Cr to INR 114 Cr. On a QoQ basis, Sales up 6% and Net Profit up 4%.

SUMMARY: 2y Operating profit uptrend | PE 31.4x (Sector PE range 30-50) | IPO | Institutional Entry | Diversified Commercial Service

● MCap of INR 13,406 Crore (share price = INR 310/ share) (as on 13th Mar ‘25)

● TTM PE 31.4x (as on 13th Mar ‘25) Retail float = 6.0% (Dec-24)

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

Company Description: International Gemmological Institute Ltd (IGI) is the world’s largest independent certification and accreditation provider for diamonds, gemstones, and jewellery. It certifies natural and lab-grown diamonds, coloured stones, and studded jewellery while also offering educational programs. Founded in Belgium, IGI operates 31 labs across 10 countries and 18 gemology schools in 6 countries.

Share price and Volume (last 1 year):

Website: https://www.igi.org/

LT OP = Long-term operating profit; ST OP = Short-term operating profit

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Vdeal System Limited

Recent filing: (EMPLOYEE COUNT INCREASED) 45% increase in employee count from 42 in Jul '24 to 61 in Jan '25.

SUMMARY: 4y Operating profit uptrend | PE 16.5x (Sector PE range 30-70) | Institutional Entry | IPO| Capital Goods – Electrical Equipment

MCap of INR 56 Crore (share price = INR 114 / share) (as on 13th Mar ‘25)

TTM PE 16.5x (as on 13th Mar ‘25) Retail float = 22.4% (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: Company specializing in smart electrical and automation solutions, including LV and MV panels, VFD panels, EMS, and PLC panels.

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Bondada Engineering Ltd.

Recent filing: (PROMOTER BUYING) Promoter of Bondada Engineering bought 8.6k equity shares at INR 391/share, aggregating to INR 34L in Mar ’25.

FUTURE OUTLOOK: As per the Zee Business Interview, Management expects to double its revenue and net profit in FY25. It has also given the guidance of INR 4,000 Cr of revenue by FY27, which is a 5x growth over 3 years and expects a PAT of INR 300-340 Cr | As per H1FY24 Investor Presentation, Company has 2 GW projects in hand, Ambitious target of 10+ GW by 2030 and 600+MW commissioned till date and aims to become one of the “Top Five EPC Companies in India” by 2030 | Apart from telecom and renewable energy, the company is planning to enter Railway.

MCap of INR 3,914 Crore (share price = INR 356 / share) (as on 9th Dec ‘24)

TTM PE of 58.4x (as on 9th Dec ‘24) Retail float = 15.4% (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: Bondada is an infrastructure company that specializes in offering engineering, procurement, and construction (EPC) services, as well as operations and maintenance (O&M) services to clients in the telecom and solar energy sectors across India. Its expertise encompasses core design and engineering, with a focus on passive telecom infrastructure services such as construction, operation and maintenance of telecom towers, optical fiber cables and related infrastructure.