Titan Intech Company Posted Poor Results, Exhicon Events Media Solutions Business Update And Yash Optics Asset Expansion

Titan Intech

Recent filing: (COMPANY IS DIVERSIFYING INTO UNRELATED BUSINESSES + COMPANY POSTED POOR RESULTS + INSTITUTIONS SOLD INR 12.5 CR WORTH OF SHARES IN JUN ’24 AND JUL ‘24) Titan Intech has signed MOU with M/s. Obel Systems Private Limited, as project implementation and financial assistance partner for the project awarded by the state of Uttar Pradesh on August 23 2024 for installation of 27939 Automatic Rain Gauges(ARG) and Automatic Weather Stations (AWS) in 27838 gram panchayat locations in 36 districts of Uttar Pradesh which provides key inputs for forewarning and mitigation of climatic risks and catastrophic events and protect agriculture risks, a Govt. of India Initiative. 

The total cost of the project is about INR 360 Cr and Estimated time for completion of the Project is 5 years. In Jul ’24, BoD had decided to establish a comprehensive Electric Manufacturing Services (EMS) facility that includes both Original Equipment Manufacturer (OEM) and Original Design Manufacturer (ODM) capabilities.

SUMMARY: 4y Operating Profit uptrend | PE 18.2x (Sector PE range 30-50) | Fund Raise | New Age IT

• MCap of INR 96.2 Crore (share price = INR 40.8 / share) (as on 26th Aug ’24)
• TTM PE 18.2x (as on 26th Aug ’24) Retail float = 30.6% (Jun-24)

FOOD FOR THOUGHT: Institutions sold INR 12.5 Cr worth of shares in Jun ’24 and Jul ’24.

Q1. What are the Products and Services offered by Titan Intech?

Titan Intech Limited is a global leader in IT based services, products and electrical solutions and services. It provides a multi discipline design, engineering, supply, installation, commissioning and project management for electrical systems. It also provides high quality, spiritual conventional content on OTT smart devices across the globe.

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Exhicon Events Media Solutions Ltd.

Recent filing: (BUSINESS UPDATE) Exhicon Events has outlined an ambitious 5-year strategic vision focused on expanding its presence in Tier 2 cities across India, with plans to establish over 15 multi-event venues, including significant projects in Pune and Ayodhya. The company is introducing venue management as a service to enhance revenue streams and market positioning. Subsidiaries like Digiglobe and UHPL are expected to contribute around 40% to overall revenue by FY25. Financially, *Company aims for a 50% CAGR over the next five years, targeting sustainable PAT margins of 15-20%,* and is committed to a debt-free growth model supported by internal financing and strategic investments.**

(ACQUISITION) Company has signed the Memorandum of Understanding (“MOU”) with Perfect-Octave Limited for acquisition of 76% of the Equity Stake of the company. This acquisition is poised to enhance Exhicon’s capabilities and broaden its reach in the live events and corporate video productions. The acquisition will significantly expand Exhicon's service portfolio, enabling the company to enter the high growth vibrant live events and music industry.

SUMMARY: 3y Operating Profit uptrend | PE 31.1x (Sector PE range 25-50) | Fund raise | Ace Investor | Institutional entry | MoUs | New business divisions | Acquisitions | Event Management

FUTURE OUTLOOK: As per company business update (Aug-24) Company aims for a 50% CAGR over the next five years, targeting sustainable PAT margins of 15-20%.

• MCap of INR 407 Crore (share price = INR 314 / share) (as on 26th Aug ‘24)
• TTM PE 31.1x (as on 26th Aug ‘24) Retail float = 20.1% (Mar-24)

FOOD FOR THOUGHT: Risk associated with expansion into new markets

Q1. What are the Products and Services offered by Exhicon Events Media Solutions?

Exhicon is engaged in the business of providing a full range of products and services for exhibitions, conference and events industry. Some of its solutions include Media to Integrated Marketing Solutions, Temporary to Permanent Event Infrastructure and Management to Organizing events. It offers its product to various sectors including hospitality, Healthcare etc.

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Yash Optics & Lens Ltd.

Recent filing: (ASSET EXPANSION) Yash Optics’ fixed asset increased 2.5 times from 7.7 Cr in Mar-23 to 19.2 Cr in Mar-24.

SUMMARY: 3y Operating Profit uptrend | PE 27.9x (Sector PE range 30-70) | Asset Expansion | IPO | Consumption

• MCap of INR 252 Crore (share price = INR 102 / share) (as on 26th Aug 2024)
• TTM PE 27.9x (as on 26th Aug 2024) Retail float =

FOOD FOR THOUGHT: Inventory days is high close to 400 Days for FY24.

Q1. What are the Products and Services offered by Yash Optics?

Yash Optics and Lens Limited, is the fastest emerging technology-driven optical and lens company in India. Having carved out a niche for its expertise in manufacturing optical lenses over the last 24 years, today, Yash O&L stands at the forefront of delivering hi-tech digital vision healthcare solutions.

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