Sovrenn Daily News - 6th Feb 2024

Shilchar Technologies Ltd.

Recent filing: (EXCELLENT RESULTS) For the quarter ending Dec-23, Sales up 74% YoY from INR 68 Cr in Dec-22 to INR 118 Cr in Dec-23. Similarly, Net Profit up 2.2x from INR 12 Cr to INR 26 Cr. On a QoQ basis, Sales up 11% and Net Profit up 8%.

(CAPACITY EXPANSION) Company will be increasing capacity by 87.5% from 4,000 MVA to 7,500 MVA. Total investment required will be INR 30 Cr, to be funded through internal funds. The proposed capacity will be added by June 2024. The current capacity utilization on existing capacity of 4,000 MVA is 100%.

SUMMARY: 4y Operating Profit uptrend | 6q Operating Profit Uptrend | PE 36.5x (Sector PE range 30-60) | Excellent Dec-23 results | Capacity expansion | Institutional entry | Orderbook INR 355 Cr (Jan-23) | Electrification

  • MCap of INR 3,032 Crore (share price = INR 3,976 / share) (as on 6th Feb ‘24)
  • TTM PE of 36.5x (as on 6th Feb ‘24) Retail float = 13.9% (Dec-23)

Company Description

Shilchar Technologies is one of India’s prominent manufacturers of Electronics & Telecom and Power & Distribution transformers. It was founded in 1990 to manufacture R-core transformers. In 1995, the company ventured into the manufacturing of Ferrite transformers. As part of the expansion plans, they started manufacturing Distribution and Power Transformers in a phased manner from 2005 to 2007.

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Som Distilleries & Breweries Ltd.

Recent filing: (BUSINESS UPDATE) Company announced an impressive 51% year-to-date volume growth in Karnataka this financial year.

SUMMARY: 3y Operating Profit uptrend | PE 24.5x (Sector PE range 30-70) | Excellent Dec-23 results | Promoter buying | Fund raise | Capacity expansion | Geographical expansion | Consumption

  • MCap of INR 2,011 Crore (share price = INR 259 / share) (as on 6th Feb ‘24)
  • TTM PE 24.5x (as on 6th Feb ‘24) Retail float = 25.3% (Dec-23)

Company Description

Som Distilleries & Breweries Group has its portfolio of brands across the spectrum of Spirits, Beer, Alcopop. SOM’s flagship brand Hunter is a forerunner in the strong beer category.

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Kilburn Engineering Ltd.

Recent filing: (ORDER) Company has received various orders worth INR 42.6 Cr. Order description is as follows - Hydrogen Fluoride Reactor package (Rotary Kiln) for INR 27.3 Cr, Rotary Dryers for INR 8.6 Cr, VFBD -wet clay for INR 2.3 Cr, Tea Dryers and others for INR 4.4 Cr.

SUMMARY: 3y Operating Profit uptrend | 3q Operating Profit uptrend | PE 31.7x (Sector PE range 30-60) | Excellent Sep-23 results | Fund raise | Promoter buying | Capital goods

  • MCap of INR 1,172 Crore (share price = INR 312 / share) (as on 6th Feb ‘24)
  • TTM PE of 31.7x (as on 6th Feb ‘24) Retail float = 16.0% (Dec-23)

Company Description

Kilburn Engineering offers comprehensive range of dryers for solid, liquid and gas to cover wide range of industries: chemical, petrochemical, oil & gas, refineries power, steel, cement, fertilizer, mining, sewage treatment, food etc. It also manufactures specially designed packages for onshore and offshore applications.