Sovrenn Daily News - 2nd Feb 2024

SAR Televentures Ltd.

Recent filing: (AGREEMENT) The Company has entered into a revenue-sharing agreement with Bharat Sanchar Nigam Limited (BSNL) to deliver BSNL telecom services (including fixed, wireless, broadband, etc.) to end users at Noida (Urban and Rural), Lucknow and Faridabad. Company has to create infrastructure for providing BSNL telecom services, revenue sharing will be 50-50%. The agreement is valid for 10 years and is renewable. Similar agreement had been recently signed with BSNL for Ghaziabad.

SUMMARY: 3y Operating Profit uptrend | 2q Operating Profit uptrend | PE 57.4x (Sector PE range 30-50) | Excellent Sep-23 results | Fund raising | Telecom (5G) Infra

  • MCap of INR 430 Crore (share price = INR 287/ share) (as on 2nd Feb ‘24)
  • TTM PE of 57.4x (as on 2nd Feb ‘24) Retail float = NA% (Sep-23)

SAR Televenture Limited: Company Description

SAR Televenture Limited was incorporated with an aim to provide the leasing of 4G/5G towers to telecom companies. The company has capability to Construct 4G and 5G Towers which are onward leased to Telecom companies. SAR is also having international operations in Myanmar, ABSA Innovations, a closely held subsidy of SAR in Telecom.

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Srivari Spices & Foods Ltd.

Recent filing: (BUSINESS EXPANSION) Company has successfully placed its products in 50 Reliance Limited Stores across the state of Telangana and 13 Balaji Grand Bazar Stores across the city of Hyderabad.

SUMMARY: 4y Operating Profit uptrend | 2h Operating Profit uptrend | PE 37.5x (Sector PE range 30-100) | Excellent Sep-23 results | Expanding distribution | Consumption

  • MCap of INR 195 Crore (share price = INR 273 / share) (as on 2nd Feb ‘24)
  • TTM PE 37.5x (as on 2nd Feb ‘24) Retail float = 13.9% (Sep-23)

Srivari Spices & Foods: Company Description

Srivari Spices and Foods Ltd. Company specializes in the production and distribution of a diverse range of organic food products, primarily focusing on spices and flour (chakki atta). These products are meticulously crafted to maintain their natural freshness, nutritional value and authenticity. Company’s commitment to using high quality, hand-piked raw materials sets it products apart in terms of taste, aroma and health benefits.

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Jupiter Wagons Ltd.

Recent filing: (GOOD TO EXCELLENT RESULTS) For the quarter ending Dec-23, Sales up 39% YoY from INR 644 Cr in Dec-22 to INR 896 Cr in Dec-23. Similarly, Net Profit up 83% from INR 45 Cr to INR 81.5 Cr. On a QoQ basis, Sales up 2% and Net Profit remains flat.

SUMMARY: 3y Operating Profit uptrend | 7q Operating Profit uptrend | PE 64.4x (Sector PE range 40-70) | Excellent Dec-23 results | Fund Raise | Institutional Entry | Railways | Capacity expansion | Orderbook INR 7,076 Cr as of Dec 2023 (2.2x of TTM Revenue)

  • MCap of INR 17,139 Crore (share price = INR 416 / share) (as on 2nd Feb ‘24)
  • TTM PE of 64.4x (as on 2nd Feb ‘24) Retail float = 7.5%(Dec-23)

Jupiter Wagons: Company Description

Jupiter Wagons is complete transportation solutions engineer and one of the fastest growing in India's railway sector. It is one of few players in India's railway wagons sector with a captive foundry, one of the highest capacity complements and India's largest manufacturer of 25 tonnes wagons.