Sovrenn Daily News - 26th Dec 2024
Knowledge Marine & Engineering Works Ltd.
Recent filing: (FUND RAISE) Board of Knowledge Marine & Engineering Works has approved raising funds up to INR 500 Cr.
SUMMARY: PE 78.7x (Sector PE range NA) | Fund raise | Ace Investor | Institutional Entry | Dredging
- MCap of INR 2,524 Crore (share price = INR 2,337 / share) (as on 26th Dec ‘24)
- TTM PE of 78.7x (as on 26th Dec ‘24) Retail float = 12.3% (Sep-24)
FOOD FOR THOUGHT: Working capital extensive business.
Company Description: Established in 2015, Knowledge Marine is involved in the dredging and small-craft business segment in India. In the last 5 years, it has evolved from a small ship-repair unit to a dredging and ship-owning company.
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Ceigall India Ltd.
Recent filing: (ORDER) Company has signed a concession agreement worth INR 981 Cr with NHAI for the development of a 6-lane Ludhiana-Bathinda Greenfield highway (NH-754AD) under the Ludhiana-Ajmer Economic Corridor in Punjab. The project, part of Bharatmala Pariyojna Phase-I, is to be completed in 24 months on a Hybrid Annuity Mode.
SUMMARY: 4y Operating Profit uptrend | PE 18.7x (Sector PE range 10-50) | Orderbook INR 12,153 Cr (as of Sep-24) (3.8x of TTM Revenue) | Institutional entry | Infrastructure
FUTURE OUTLOOK: As per Q1FY25 Concall, Management is hoping that the company will make a proper effort to report same level of growth during FY25.
- MCap of INR 6,197 Crore (share price = INR 362 / share) (as on 26th Dec ‘24)
- TTM PE 18.7x (as on 26th Dec ‘24) Retail float = 7.0% (Sep ‘24)
FOOD FOR THOUGHT: Negative operating Cashflows for FY24.
Company Description: Company is an infrastructure construction company with experience in undertaking specialized structural works such as elevated roads, flyovers, bridges, Railway over bridges (ROB), tunnels, highways, expressways and runways.
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Share India Securities Ltd.
Recent filing: (INVESTMENT) Share India Securities will invest INR 59.5 Cr in the Metropolitan Stock Exchange of India (5% post-issue stake) within 60 working days to strengthen its presence in the financial services and securities market ecosystem.
SUMMARY: 6y Operating Profit uptrend | PE 15.2x (Sector PE range 20-40) | Brokerage
- MCap of INR 6,961 Crore (share price = INR 319 / share) (as on 26th Dec ‘24)
- TTM PE of 15.2x (as on 26th Dec ‘24) Retail float = 11.1% (Sep-24)
FOOD FOR THOUGHT: Vikasa India EIF I Fund sold INR 37 Cr worth of shares.
Company Description: Share India Securities is one of India’s leading tech-based financial service provider. The Company offers customized capital market solutions to its clients and has recently launched its algo trading platform for clients. Company has ~2% market share in cash market, ~2% market share in futures and ~5% market share in options on basis of turnover. Via its subsidiaries, it is also present in NBFC business, insurance broking, merchant banking, portfolio management and mutual funds distribution.