Titan Intech Institutional Selling, Gensol Engineering And KPI Green Energy Order
Titan Intech
Recent filing: (INSTITUTIONAL SELLING) In July 2024, Institutions sold shares of Titan Intech worth INR 8.3 Cr.
SUMMARY: 4y Operating Profit uptrend | 7q Operating Profit uptrend | PE 15.2x (Sector PE range 30-50) | Excellent Mar-24 results | Fund Raise | New Age IT
- MCap of INR 85.8 Crore (share price = INR 36.4 / share) (as on 23rd Jul ’24)
- TTM PE 15.2x (as on 23rd Jul ’24) Retail float = 23.3% (Mar-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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Gensol Engineering
Recent filing: (ORDER) Gensol Engineering has emerged as winning bidder for 116 MW (150 MWp) of solar projects worth INR 600 Cr in Gujarat. These projects will be distributed across 27 diverse locations, all under the purview of Paschim Gujarat Vij Co. Ltd. (PGVCL), the state electricity distribution company. These projects aim for feeder-level solarisation and are anticipated to be operational within 12 months following the issuance of the Letter of Award (LoA).
SUMMARY: 4y Operating Profit uptrend | 5q Operating Profit uptrend | PE 69.6x (Sector PE range 50-90) | Excellent Mar-24 results | Fund raise | Institutional entry | Large Orders | Acquisitions | Promoter Buying | Solar + EV
FUTURE OUTLOOK: As per FY24 Concall, Company has a total orderbook of INR 1,783 Cr and has projected revenue guidance of INR 2,000 crore for FY25, a 2.1x increase from the FY24 revenue of INR 963 crore. Additionally, the company expects to maintain consolidated EBITDA margins at 25%-26%.
- MCap of INR 3,726 Crore (share price = INR 984 / share) (as on 23rd Jul ‘24)
- TTM PE of 69.6x (as on 23rd Jul ‘24) Retail float = 18.7% (Jun-24)
FOOD FOR THOUGHT: Leveraged capital structure attributed to debt funded acquisition of EVs for leasing to Blu-Smart
Q2. What are the Products and Services offered by Gensol Engineering?
Gensol is involved in the business of solar consulting & EPC. It provides concept to commissioning solar advisory, execution and operation services for solar projects in India and abroad. Expanding its operations, Gensol has also established an EV manufacturing facility in Pune, India, for the development and production of electric three wheelers and four wheelers. Alongside, Gensol offers comprehensive EV leasing solutions and is serving leading ride-hailing players with its buy-and-lease package of EV cars.
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KPI Green Energy Ltd.
Recent filing: (ORDER) KPI Green Energy has received a Letter of Award (LOA) from MAHAGENCO. This award is for the development of a 100MWAC Solar Power Project, which includes an EPC package with land and three years of Operation and Maintenance (O&M). The project is part of the tender for the development of a cumulative capacity of 600 MWAC Solar-PV Power Projects at various locations in Maharashtra under the RE Bundling Scheme.
This project represents company’s strategic expansion beyond Gujarat into Maharashtra, allowing it to leverage new opportunities and bring its solar power expertise to a broader geographical area, thereby reinforcing its position as a leading player in the renewable energy sector.
SUMMARY: 5y Operating Profit uptrend | PE 69.6x (Sector PE range 50-90) | Fund raise | Geographical Expansion | Institutional entry | Promoter buying | Solar
FUTURE OUTLOOK: Company has ambitious target of 1000 MW by 2025.
- MCap of INR 11,264 Crore (share price = INR 934 / share) (as on 23rd Jul ‘24)
- TTM PE 69.6x (as on 23rd Jul ‘24) Retail float = 21.4% (Jul-24)
FOOF FOR THOUGHT: Negative operating cash flow for FY24.
Q3. What are the Products and Services offered by KPI Green Energy?
Incorporated in 2002, KPI Green develops, builds, owns, operates, and maintains solar power plants through Independent Power Producer (IPP) and as service provider to Captive Power Producer (CPP) under the brand name of 'Solarism'.
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