Sovrenn Daily News - 9th Feb 2024

ITD Cementation India Ltd.

Recent filing: (EXCELLENT RESULTS) For the quarter ending Dec-23, Sales up 52% YoY from INR 1,327 Cr in Dec-22 to INR 2,017 Cr in Dec-23. Similarly, Net Profit up 2.1x from INR 36.9 Cr to INR 78.6 Cr. On a QoQ basis, Sales up 25% and Net Profit up 46%.

SUMMARY: 3y Operating Profit uptrend | 5q Operating Profit uptrend | PE 26.0x (Sector PE range 20-50) | Excellent Dec-23 results | Orderbook of INR 20,825 Cr as of Dec 2023, 3.0x of TTM revenue

  • MCap of INR 5,778 Crore (share price = INR 336 / share) (as on 9th Feb ‘24)
  • TTM PE of 26.0x (as on 9th Feb ‘24) Retail float = 21.4% (Sep-23)

Company Description

ITD Cementation India Ltd. established its operations in India in 1931 as a branch of The Cementation Company Ltd, UK, for carrying out extensive grouting and drilling works to the hydraulic structures which were then growing at rapid pace. Since then the company has been assiduously working towards building stronger India and has gained vast expertise in field of infrastructure construction.

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Kilburn Engineering Ltd.

Recent filing: (GOOD TO EXCELLENT RESULTS) For the quarter ending Dec-23, Sales up 35% YoY from INR 54 Cr in Dec-22 to INR 73 Cr in Dec-23. Similarly, Net Profit up 25% from INR 8 Cr to INR 10 Cr. On a QoQ basis, Sales up 7% and Net Profit flat.

SUMMARY: 3y Operating Profit uptrend | 4q Operating Profit uptrend | PE 28.5x (Sector PE range 30-60) | Excellent Dec-23 results | Fund raise | Promoter buying | Capital goods

  • MCap of INR 1,135 Crore (share price = INR 302 / share) (as on 9th Feb ‘24)
  • TTM PE of 28.5x (as on 9th Feb ‘24) Retail float = 16.0% (Dec-23)

Company Description

Kilburn Engineering Limited 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.

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Dynacons Systems & Solutions Ltd.

Recent filing: (GOOD TO EXCELLENT RESULTS) For the quarter ending Dec-23, Sales up 32% YoY from INR 172 Cr in Dec-22 to INR 227 Cr in Dec-23. Similarly, Net Profit up 75% from INR 7.5 Cr to INR 13.2 Cr. On a QoQ basis, Sales up 3% and Net Profit up 5%.

SUMMARY: 6y Operating Profit uptrend | PE 17.6x (Sector PE range 30-50) | Excellent Dec-23 results | New Age IT

  • MCap of INR 914 Crore (share price = INR 720/ share) (as on 9th Feb ‘24)
  • TTM PE 17.6x (as on 9th 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.