Sovrenn Daily News - 8th Jan 2025
WPIL Ltd.
Recent filing: (ACQUISITION) WPIL European subsidiary, Gruppo Aturia, has acquired 100% shareholding of MISA Italy, based in Arzignano, Italy. MISA is a leading Italian company specializing in large pumping station projects and the supply of pumps and hydro turbines, with a rich heritage dating back to 1901 and an extensive reference list across Europe and North Africa. This acquisition further strengthens Gruppo Aturia as a leading European supplier of large pumps and enhances its capability in pumping station projects, enabling it to provide turnkey solutions to its markets.
SUMMARY: 1y Operating Profit uptrend | 1q Operating Profit uptrend | PE 36.6x (Sector PE range 30-60) | Excellent Sep-24 results | Ace Investor | Institutional entry | Orderbook of INR 3,665 Cr (Sep-24) (2x of TTM revenues) | Acquisition | Capital Goods - Non-Electrical Equipment
- MCap of INR 7,209 Crore (share price = INR 738 / share) (as on 31st Oct ‘24)
- TTM PE 36.6x (as on 31st Oct ‘24) Retail float = 11.6% (Sep-24)
FOOD FOR THOUGHT: Negative operating cash flow for FY24.
Company Description: WPIL Ltd. in engaged in the business of entire value chain of Pumps & Pumping Systems from concept to commissioning and execution of water supply projects on a turnkey basis for industrial units, power utilities, irrigation departments, etc.
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H. G. Infra Engineering Ltd.
Recent filing: (ORDER) H.G. Infra has received Letter of Intent (LOI) from Gujarat Urja Vikas Nigam Ltd for 250 MW/500 MWH out of the project for setting up of 500 MW/1000 MWh Standalone Battery Energy Storage Systems in Gujarat under Tariff-Based Global Competitive Bidding (Phase-IV) with Viability Gap Funding Support, needs to be completed within 18 months.
SUMMARY: 6y Operating Profit uptrend | PE 18x (Sector PE range 10-50) | Institutional entry | Infrastructure
FUTURE OUTLOOK: As per Q2FY25 Investor Presentation, Company has a total Order book of INR 16,624 Cr as of Sep 2024 | As per Q1FY25 Concall, Company committed for an order inflow of INR 11,000 Cr to INR 12,000 Cr in FY25, with a revenue growth of 17% to 18% and a margin of 15% to 16%.
- MCap of INR 9,442 Crore (share price = INR 1,449 / share) (as on 16th Dec ‘24)
- TTM PE of 18x (as on 16th Dec ‘24) Retail float = 10.5%% (Sep-24)
FOOD FOR THOUGHT: Client concentration risk: Road projects from NHAI and ARTL contribute to 87% of orderbook as of Dec-23.
Company Description: With a resilient two-decade journey, HGIEL has emerged as one of India's fastest-growing construction companies. Its dedication to quality and timely execution has been pivotal in establishing it as a trusted leader in the infrastructure industry. It is engaged in the business of EPC and Maintenance of roads, bridges, flyovers, etc.
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Slone Infosystem Ltd.
Recent filing: (ORDER) Slone Infosystems has secured an Order worth INR 14.5 Cr, for supplying 5000 Lenovo V14 i5 (NBLN V14 G3 IAP I5 8G 512G), to be Executed by 20th January, 2025.
SUMMARY: 2y Operating Profit uptrend | 2h Operating Profit uptrend | PE 34x (Sector PE range 30-50) | Excellent Sep-24 results | Fund raise | Promoter Buying | IT
- MCap of INR 231 Crore (share price = INR 438/ share) (as on 12th Nov ‘24)
- TTM PE 34x (as on 12th Nov ‘24) Retail float = 21.7% (Sep-24)
FOOD FOR THOUGHT: Negative operating cashflow for FY24.
Company Description: Company is engaged in providing IT hardware solutions. The Company specializes in both sales and rentals, they offer a comprehensive range of IT equipment such as laptops, desktops, servers, and workstations. They are authorized sub-dealers of tech giants like HP, Lenovo, & Dell with top-tier hardware solutions.