Ugro Capital Business Update, Apollo Micro Systems And Esconet Technologies Fund Raise
Ugro Capital Ltd.
Recent filing: (BUSINESS UPDATE) As of December 2024, AUM grew to over INR 11,050 Cr, reflecting a 32% increase from INR 8,364 Cr in December 2023. The company achieved a milestone of over INR 2,000 Cr in loan origination, with a record high of INR 2,050+ Cr in net loans during Q3 FY25, driven by higher volumes across all products. Additionally, 74 SME branches were added in the first nine months of FY25.
SUMMARY: PE 15.3x (Sector PE range 20-40) | Ace Investor | Fund raise | Institutional entry | Acquisition | Promoter buying | NBFC
- MCap of INR 2,013 Crore (share price = INR 216 / share) (as on 13th Jan ‘25)
- TTM PE of 15.3x (as on 13th Jan ‘25) Retail float = 12.4% (Sep-24)
FOOD FOR THOUGHT: SBI Life Insurance reduced its stake from 1.2% in Dec-23 to less than 1% in Mar-24.
Question 1: Who are the promoters of Ugro Capital?
Ugro Capital is a technology focused, small business lending platform. It is focused on addressing capital needs of small businesses operating in select eight sectors by providing customized loan solutions. UGRO mission is 'Solve the Unsolved - the US \$600Bn Small Business Credit Need. It believes that the problem of small businesses can be solved by building deep expertise around core.
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Apollo Micro Systems Ltd
Recent filing: (FUND RAISE) BoD of Aopollo Micro has approved the issuance of 3.3 Cr equity shares and 3.8 Cr warrants at INR 114/each, aggregating to INR 815 Cr. Subscribers include Ebisu Global Opportunities Fund, LIC Mutual Fund, Sandeep Kapadia, Sandeep Singh, Rajesh Kumar Singla and Promoter Group.
SUMMARY: 4y Operating Profit uptrend | 1q Operating Profit uptrend | Excellent Sep-24 results | Fund raise | Promoter Buying | PE 80x (Sector PE range 50-100) | Defense
- MCap of INR 3,778 Crore (share price = INR 123 / share) (as on 13th Jan ‘24)
- TTM PE 80x (as on 13th Jan ‘24) Retail float = 33.1% (Sep-24)
FOOD FOR THOUGHT: Negative operating cashflow for FY ‘24.
Question 1: Who are the promoters of Apollo Micro Systems?
Company is pioneer in design, development, assembly and testing of Ruggedized Custom-Built Electronic Hardware & Software solutions for Mission Critical applications. Our solutions are based on state-of-the-art technologies for the Aerospace, Defence, Space, Transportation and Home Land Security markets.
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Esconet Technologies Ltd.
Recent filing: (ACQUISITION) Board of Esconet Technologies approved acquiring a majority stake of 70% post issued capital in Fluidech IT Services Private Limited (FY24 revenue: INR 2.4 Cr), specializing in cybersecurity and IT services. Esconet aims to leverage Fluidech's expertise to optimize operations, enhance product offerings, and expand market reach through advanced IT solutions and international partnerships. The acquisition involves cash payment (INR 11.1 Cr) and share swap.
SUMMARY: 3y Operating Profit uptrend | PE 98.8x (Sector PE range 50-100) | Fund Raise | Ace Investor | Institutional entry | Data Center
- MCap of INR 501 Crore (share price = INR 383 / share) (as on 13th Jan ‘24)
- TTM PE of 98.8x (as on 13th Jan ‘24) Retail float = 20.2% (Dec-24)
FOOD FOR THOUGHT: Cash flow from operations negative for FY24.
Question 1: Who are the promoters of Esconet Technologies?
Incorporated in 2012, the Company initially established itself as a prominent system integrator specializing in IT infrastructure, cloud computing, managed services, and data security. Over the years, the Company has undergone significant growth, evolving from its origins as a hardware and software vendor into a multifaceted entity. Presently, Esconet Technologies is recognized as a trusted advisor, manufacturer, integrator, and service provider for a diverse range of private and public sector organizations.
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