Sovrenn Daily News - 21st Jan 2025
Sigachi Industries Ltd.
Recent filing: (GOOD RESULTS) For the quarter ending Dec-24 for Sigachi Industries, Sales up 25% YoY from INR 111 Cr in Dec-23 to INR 139 Cr in Dec-24. Similarly, Net Profit up 15% from INR 87 Cr to INR 100 Cr. On a QoQ basis, Sales up 11% and Net Profit down 47%.
SUMMARY: 4y Operating Profit uptrend | 1q Operating Profit uptrend | PE 24.5x (Sector PE range 30-50) | Specialty Chemicals
FUTURE OUTLOOK: As per Q2FY245 Concall, Management expresses confidence in achieving a revenue growth target of 30% for FY25. EBITDA margins expected to stabilize around 21%-22% for the current FY.
- MCap of INR 1,699 Crore (share price = INR 50.9 / share) (as on 21st Jan ‘25)
- TTM PE 24.5x (as on 21st Jan ‘25) Retail float = 28.0% (Sep-24)
FOOD FOR THOUGHT: Highly competitive sector.
Company Description: Incorporated in 1989, Sigachi Industries is into manufacturing of microcrystalline cellulose (MCC). MCC is produced from refined wood pulp which is imported by the company. It is widely used in pharmaceutical, food, beverage, cosmetic and paint industry. Also, its most common uses are in vitamin supplements and tablets. It also acts as a bulking agent in food production.
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AGI Greenpac Ltd.
Recent filing: (GOOD RESULTS) For the quarter ending Dec-24, Sales up 6% YoY from INR 622 Cr in Dec-23 to INR 658 Cr in Dec-24. Similarly, Net Profit up 35% from INR 67 Cr to INR 90.5 Cr. On a QoQ basis, Sales up 10% and Net Profit up 26%.
SUMMARY: 3y Operating Profit uptrend | 2q Operating Profit uptrend | PE 21.8x (Sector PE range 20-50) | Capacity expansion | Fund raise | Promoter Buying | Packaging
FUTURE OUTLOOK: As per Q1FY25 Concall, Company management expects a 10% growth in revenue for FY25.
- MCap of INR 6,329 Crore (share price = INR 978 / share) (as on 21st Jan ‘25)
- TTM PE of 21.8x (as on 21st Jan ‘25) Retail float = 15.0% (Sep-24)
Company Description: AGI Greenpac Limited is engaged in the manufacturing of various packaging products like glass containers, specialty glass, Polyethylene Terephthalate (PET) bottles & products and security caps & closures.
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EFC(I) Ltd
Recent filing: (ACQUISITION) EFC has acquired a 15% stake in MPF Systems Limited, which reported revenue of INR 7 Cr in FY24. MPF Systems specializes in solar energy, wind, green hydrogen, and green ammonia production and distribution for various consumers, including governments, industrial units, and power transmission entities.
SUMMARY: 2y Operating Profit uptrend | 1q Operating Profit uptrend | PE 33.6x (Sector PE range 30-50) | Excellent Sep-24 results | Leasing of Office Space | Institutional Entry | Acquisitions | Diversified Commercial Services
FUTURE OUTLOOK: As per the Q1FY25 concall, Company is geared up to double its top line by FY25.
- MCap of INR 2,973 Crore (share price = INR 597 / share) (as on 21st Jan ‘25)
- TTM PE 33.6x (as on 21st Jan ‘25) Retail float = 17.4% (Sep-24)
FOOD FOR THOUGHT: Designated person sold 71L worth of shares in Dec ’23.
Company Description: Entrepreneurial Facilitation Centre, EFC Limited is a leading real estate enterprise offering transformative managed office space solutions for entrepreneurs, small and medium enterprises (SMEs), and large corporations. Company possesses leasing solutions for co-working spaces, managed offices, and enterprise offices that deliver desirable services for all business needs.