Sovrenn Daily News - 1st Feb 2024

RMC Switchgears Ltd.

Recent filing: (SUBSIDIARY INCORPORATION) Company has promoted a new wholly owned subsidiary company "Intelligent Hydel Solutions Pvt. Ltd." with the main objective to innovate, develop, install the smart solutions and systems for water distribution, treatments, filtration, conservation, restoration and monitoring of wastewater or sewage water.

SUMMARY: 2y Operating Profit uptrend PE 43.6x (Sector PE range 30-60) Institutional Entry RDSS

RMC India: Company Description

Incorporated in 1994, RMC Switchgear ltd. manufactures and designs enclosures of Energy Meters, LT/HT Distribution Boxes and Panels, Junctions Boxes, Feeder Pillars and Power Distribution and Circuit Protection Switchgears. It also undertakes works of laying energy transmission lines and establishing electric substations, fixing of new meters and shifting of existing meters.

All E-Technologies Ltd.

Recent filing: (GOOD TO EXCELLENT RESULTS) For the quarter ending Dec-23, Sales up 35% from INR 22.3 Cr in Dec-22 to INR 30.1 Cr in Dec-23. Similarly, Net Profit up 58% from INR 3.4 Cr to INR 5.4 Cr. On a QoQ basis, Sales up 4% and Net Profit up 11%.

SUMMARY: 4y Operating Profit uptrend 3q Operating Profit uptrend PE 38.2x (Sector PE range 30-50) Excellent Dec-23 results Geographical expansion New Age IT

  • MCap of INR 660 Crore (share price = INR 327 / share) (as on 1st Feb ‘24)
  • TTM PE 38.2x (as on 1st Feb ‘24) Retail float = 17.6% (Sep-23)

All E Technologies Ltd: Company Description

All E-Technologies Limited, brings together companies & customers, factory & field service, storefront and supply chain, patients & providers, people & government – by putting in place integrated operational system of ERP, CRM, Collaboration Portals, Mobile Apps and enables business draw actionable insights from data.

Kore Digital Ltd.

Recent filing: (FUND RAISE) BoD has considered and approved the raising of INR 47.3 Cr of funds through issuance of 5.3L equity shares and 63k warrants at INR 795 each. Allottees of equity shares include: Manickam Ravichandran (62k shares), Wow Investments (27k shares), Rakesh Laroia (25.2k shares), Sandeep Singh (19.2k shares), etc. Warrants are 100% allotted to Promoter Ravindra Doshi.

SUMMARY: 4y Operating Profit uptrend PE 40.9x (Sector PE range 30-50) Excellent Dec-23 results Fund raise Partnerships Ace Investor Promoter Buying Telecom (5G) Infra

  • MCap of INR 352 Crore (share price = INR 1,001 / share) (as on 1st Feb ‘24)
  • TTM PE 40.9x (as on 1st Feb ‘24) Retail float = 20.1% (Dec-23)

Kore Digital Limited : Company Description

Kore Digital is a passive telecommunication infrastructure provider based in Maharashtra. Their primary focus is on installing and commissioning poles, towers and optical fiber cable systems in the region.