Sovrenn Daily News - 17th Jan 2025
Radhika Jeweltech Ltd.
Recent filing: (GOOD TO EXCELLENT RESULTS) For the quarter ending Dec-24, Sales up 17% YoY from INR 176 Cr in Dec-23 to INR 206 Cr in Dec-24. Similarly, Net Profit up 44% from INR 16 Cr to INR 23 Cr. On a QoQ basis, Comparison is not valid.
SUMMARY: 5y Operating Profit Uptrend | 1q Operating Profit Uptrend | Excellent Dec-24 Results | PE 21.3x (Sector PE range 30-70) | Consumption
- MCap of INR 1,233 Crore (share price = INR 104 / share) (as on 17th Jan ‘25)
- TTM PE 21.3x (as on 17th Jan ‘25) Retail float = 16.6% (Sep-24)
FOOD FOR THOUGHT: Highly competitive sector.
Company Description: Radhika Jeweltech Limited is a leading retailer based out of Rajkot, Gujarat. The company was established in 1987. The company primarily deals in Gold, Diamond and Customized Jewellery. Since inception, the company has served more than 20 Lakhs customers.
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GSM Foils Ltd.
Recent filing: (GOOD RESULTS) For the quarter ending Dec-24 for GSM Foils, Sales up 16% QoQ from INR 31.2 Cr in Sep-24 to INR 36.0 Cr in Dec-24. Similarly, Net Profit up 28% from INR 2.1 Cr to INR 2.7 Cr.
SUMMARY: 1y Operating Profit uptrend | 1q Operating Profit uptrend PE 24.3x (Sector PE range 20-50) | Ace Investor | IPO | Packaging
- MCap of INR 183 Crore (share price = INR 143 / share) (as on 17th Jan ‘25)
- TTM PE 24.3x (as on 17th Jan ‘25) Retail float = 16.6% (Sep-24)
FOOD FOR THOUGHT: Negative operating cashflow for FY24.
Company Description: Incepted in the year 2019, Company is engaged in manufacturing broad array of Blister Foils and Aluminum Pharma Foils.
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Aeroflex Industries Ltd
Recent filing: (GOOD TO EXCELLENT RESULTS) For the quarter ending Dec-24 for Aeroflex Industries, Sales up 37% YoY from INR 73 Cr in Dec-23 to INR 100 Cr in Dec-24. Similarly, Net Profit up 67% from INR 9 Cr to INR 15 Cr. On a QoQ basis, Sales up 5% and Net Profit up 7%.
SUMMARY: 5y Operating Profit uptrend | 4q Operating Profit uptrend | PE 61.5x (Sector PE range 10-50) | Fund raise | Excellent Dec-24 results | Capacity Expansion | Institutional entry | Ace Investor | Steel Products
FUTURE OUTLOOK: As per Investor Presentation Q3FY25, Company has increased its SS Flexible Hoses and Braiding capacity to 16.5 Mn Mtrs by Dec-24 with, planning to reach 20 Mn Mtrs by Mar-26.
- MCap of INR 3,154 Crore (share price = INR 243 / share) (as on 17th Jan ‘25)
- TTM PE of 61.5x (as on 17th Jan ‘25) Retail float = 16.1% (Sep-24)
FOOD FOR THOUGHT: PE is above sector range.
Company Description: Company is one of the leading Indian manufacturers of metallic flexible flow solutions made with stainless steel used for controlled flow of all forms of substances including Solid, Liquid, and Gas.