Sovrenn Daily News - 17th Oct 2024
Aditya Birla Money Ltd
Recent filing: (EXCELLENT RESULTS) For the quarter ending Sep-24 for Aditya Birla Money, Sales up 31% YoY from INR 96 Cr in Sep-23 to INR 126 Cr in Sep-24. Similarly, Net Profit up 2.3x from INR 12 Cr to INR 27 Cr. On a QoQ basis, Sales up 7% and Net Profit up 69%.
SUMMARY: 7y Operating Profit uptrend | 7q Operating Profit uptrend | Excellent Sep-24 results | PE 13.2x (Sector PE range 20-50) | Financial Services
- MCap of INR 982 Crore (share price = INR 174 / share) (as on 17th Oct ‘24)
- TTM PE 13.2x (as on 17th Oct ‘24) Retail float = 21.9% (Sep-24)
FOOD FOR THOUGHT: Designated person sold 27 worth of shares in May ‘24.
Company Description: Company Offers a wide range of solutions including stock broking, portfolio management services, depository and e-insurance repository solutions and distribution of other financial products.
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Titagarh Rail Systems Ltd.
Recent filing: (BULK DEAL) Smallcap World Fund sold 7.9L shares of Titagarh Rail Systems at INR 1120/share, aggregating to INR 88.6 Cr. Morgan Stanley bought 7.6L shares at INR 1120/share, aggregating to INR 88.55 Cr.
SUMMARY: 5y Operating Profit uptrend | PE 54.1x (Sector PE range 40-70) | Fund raise | Institutional entry | New Products | Capacity Expansion | Partnerships | Railways
- MCap of INR 15,891 Crore (share price = INR 1,180 / share) (as on 17th Oct ‘24)
- TTM PE 54.1x (as on 17th Oct ‘24) Retail float = 21.2% (Jun-24)
FOOD FOR THOUGHT: Risk of price fluctuations in key raw materials (steel and related products)
Company Description: Company caters to passenger rolling stock including trains range expands to include electric propulsion equipment such as traction motors and vehicle control systems. Titagarh also designs and manufactures wagons such as container flats grain hoppers, cement wagons, clinker wagons tank wagons.
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PG Electroplast Ltd.
Recent filing: (FUND RAISE) Board meeting of PG Electroplast is scheduled to be held on October 19, 2024 to consider fund raise.
SUMMARY: 4y Operating Profit uptrend | 3q Operating Profit uptrend | PE 85x (Sector PE range: 50-100) | Excellent Jun-24 results | Acquisition | Capacity expansion | Fund raise | Institutional Entry | Promoter Buying | EMS
FUTURE OUTLOOK: As per Q1FY25 Investor Presentation, Management has provided revenue guidance of at least INR 3,650 Cr in FY25, which is a 32.9% growth over FY24 | Company has given a net profit guidance of INR 216 Cr, which is a growth of 57.7% over FY24.
- MCap of INR 15,695 Crore (share price = INR 600 / share) (as on 17th Oct ’24)
- TTM PE 85x (as on 17th Oct ’24) Retail float = 14.4% (Jul-24)
FOOD FOR THOUGHT: Working capital intensive business.
Company Description: PG Electroplast is an end-to-end solutions provider for product design and final product assemblies for products like Air Conditioners, Washing Machines, LED Televisions, Air Coolers, and much more. The company currently caters to both ODM and OEM demand, with a continuous focus on delivering the highest standards of quality.