Sovrenn Daily News - 7th Feb 2024

AGI Greenpac Ltd.

Recent filing: (GOOD TO EXCELLENT RESULTS) For the quarter ending Dec-23, Sales up 10% YoY from INR 567 Cr in Dec-22 to INR 622 Cr in Dec-23. Similarly, Net Profit up 26% from INR 53.2 Cr to INR 67.1 Cr. On a QoQ basis, Sales remain flat and Net Profit up 20%.

SUMMARY: 2y Operating Profit uptrend | PE 18.3x (Sector PE range 20-50) | Excellent Dec-23 results | Capacity expansion | Promoter Buying

  • MCap of INR 5,413 Crore (share price = INR 837 / share) (as on 7th Feb ‘24)
  • TTM PE of 18.3x (as on 7th Feb ‘24) Retail float = 16.7% (Dec-23)

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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Fusion Micro Finance Ltd.

Recent filing: (GOOD TO EXCELLENT RESULTS) For the quarter ending Dec-23, Sales up 29% YoY from INR 459 Cr in Dec-22 to INR 593 Cr in Dec-23. Similarly, Net Profit up 24% from INR 102 Cr to INR 126 Cr. On a QoQ basis, Sales up 8% and Net Profit remains flat.

SUMMARY: 2y Financial Profit uptrend | 7q Financial Profit uptrend | PE 12.1x (Sector PE range 10-20) | Excellent Dec-23 results | Institutional entry

  • MCap of INR 5,910 Crore (share price = INR 587 / share) (as on 7th Feb ‘24)
  • TTM PE 12.1x (as on 7th Feb ‘24) Retail float = 7.3% (Dec-23)

Company Description

Fusion Micro Finance Limited, is engaged in the business of providing financial services to unserved and undeserved women in rural and peri-rural areas across India. Company’s offering includes Microfinance and MSMEs.

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Dynacons Systems & Solutions Ltd.

Recent filing: (ORDER) Company bags order worth INR 214 Cr from Union Bank of India for Hyper-Converged Infrastructure and Software Solution for Bank’s On-Premises Private Cloud, to be executed over 5 years.

SUMMARY: 6y Operating Profit uptrend | PE 19.2x (Sector PE range 30-50) | New Age IT

  • MCap of INR 890 Crore (share price = INR 701/ share) (as on 7th Feb ‘24)
  • TTM PE 19.2x (as on 7th Feb ‘24) Retail float = 24.4% (Dec-23)

Company Description

Established in 1995, Dynacons Systems & Solutions undertakes all activities related to IT infrastructure including infrastructure design and consultancy services, turnkey systems integration of large Network and Data Centre infrastructure including supply of associated equipment and software, onsite and remote facilities management of multi-location infrastructure of domestic locations.