Sovrenn Daily News - 8th Feb 2024

Sealmatic India Ltd.

Recent filing: (CERTIFICATION) Company has achieved a significant milestone with the recent approval from the Abu Dhabi National Oil Company (ADNOC). This prestigious certification not only validates Sealmatic's commitment to quality and reliability but also serves as a gateway to one of the most prominent players in the global oil industry.

Sealmatic is poised to potentially secure a slice from ADNOC's forthcoming projects, as ADNOC is in the execution stage to implement various oil & gas projects with a budget totalling USD 150 billion over the next five years. This creates a huge opportunity for Sealmatic to offer its products for these projects of ADNOC.

SUMMARY: 4y Operating Profit uptrend | 1 semi-annual Operating Profit uptrend | PE 56.8x (Sector PE range 30-60) | Excellent Sep-23 results | Capacity expansion | Partnerships | Ace Investor | Certifications

  • MCap of INR 687 Crore (share price = INR 759 / share) (as on 8th Feb ‘24)
  • TTM PE of 56.8x (as on 8th Feb ‘24) Retail float = 18.8% (Sep-23)

Company Description

Incorporated in 2009, Sealmatic India Private Limited is engaged in the designing and manufacturing of mechanical seals and associated products. Mechanical seals prevents the leak of high pressure fluid into a low pressure liquid. It manufactures a variety of seals like Pusher Seals, Standard Cartridge Seals, Split Seals, etc.

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Droneacharya Aerial Innovations Ltd.

Recent filing: (ORDER) DroneAcharya in collaboration with its associate company Drone Entry (Thailand) Co. Ltd., is pleased to announce the successful acquisition of a significant export order for the provision of Defense FPV (First Person View) Drones. This strategic contract underscores the advanced technological capabilities of DroneAcharya and the operational expertise of DroneEntry Thailand in the domain of unmanned aerial systems.

In a separate filing, Company announced its inaugural order of supply of Agricultural Spraying Drones from Vimaan Aerospace.

SUMMARY: 3y Operating Profit uptrend | 2 semi-annual Operating Profit uptrend | PE 63.9x (Sector PE range 70-120) | Excellent Sep-23 results | New products | Strategic collaborations | Entry into International markets | Institutional entry | Drones

  • MCap of INR 448 Crore (share price = INR 189 / share) (as on 8th Feb '24)
  • TTM PE of 63.9x (as on 8th Feb '24) Retail float = 21.4% (Sep-23)

Company Description

Incorporated in 2017, the Company provides a high-end ecosystem of Droneacharya Aerial Innovations solutions for multi-sensor Drone surveys, data processing of Drone data using robust high-configuration workstations, Drone pilot training & specialized GIS training.

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Sanghvi Movers Ltd.

Recent filing: (EXCELLENT RESULTS) For the quarter ending Dec-23, Sales up 37% YoY from INR 122 Cr in Dec-22 to INR 167 Cr in Dec-23. Similarly, Net Profit up 74% from INR 35 Cr to INR 61 Cr. On a QoQ basis, Sales up 19% and Net Profit up 65%.

SUMMARY: 3y Operating Profit uptrend | 7q Operating Profit uptrend | PE 25.8x (Sector PE range 30-60) | Excellent Dec-23 results

  • MCap of INR 4,469 Crore (share price = INR 1,032 / share) (as on 8th Feb ‘24)
  • TTM PE of 25.8x (as on 8th Feb ‘24) Retail float = 26.7% (Dec-23)

Company Description

Sanghvi Movers Limited (SML) is the largest crane rental company in India and Asia. Company has a fleet of 400+ medium to large sized heavy-duty telescopic and crawler cranes ranging from 20 to 1000 MT across 130+ operational job sites in India. Its fleet is primarily catered for the construction of various industrial plants like Power, Steel, Cement, Fertilizers, Petrochemicals & Refineries, Metros (underground as well as elevated) and Windmill sector.