Vinyas Innovative Technologies Asset Expansion, Sanghvi Movers Order And MAS Financial Services Fund Raise

Vinyas Innovative Technologies Ltd.

Recent filing: (ASSET EXPANSION) Vinyas Innovative Technologies fixed asset increased 3.2x from INR 14 Cr in Mar ‘23 to INR 42 Cr in Mar ’24.

SUMMARY: 4y Operating Profit uptrend | 3h Operating Profit uptrend | Excellent Mar-24 results | PE 92.5x (Sector PE range 50-100) | Agreements | Asset Expansion | EMS

• MCap of INR 1,420 Crore (share price = INR 1,128 / share) (as on 24th Jun ‘24)
• TTM PE 92.5x (as on 24th Jun ‘24) Retail float = 10.5% (Mar-24)

FOOD FOR THOUGHT: Negative Operating cash flow for FY24.

What are the products and services of Vinyas Innovative Technologies?

Vinyas Innovative Technologies, established in 2001, is a leading provider of electronic manufacturing services for global OEMs and ODMs. Specializing in design, engineering, and manufacturing, Vinyas offers comprehensive solutions from design to turnkey requirements, utilizing cutting-edge technology and infrastructure. 

Recognized for innovation in the EMS industry, Vinyas delivers quality and integrity in its services, maintaining a global network of suppliers and customers. The company provides end-to-end solutions, including PCB assembly, supply chain management, and after-market support, making it a preferred partner for mission-critical applications.

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Sanghvi Movers Ltd.

Recent filing: (ORDER) Sanghvi Movers has secured two work orders totaling INR 180 crore. The first is a turnkey customized solution for a prominent Independent Power Producer (IPP) in the renewable energy sector, covering comprehensive mechanical (cranes, trailers, and installation and commissioning services), civil, electrical, and site management activities, along with project monitoring and engineering solutions. 

This project spans ten months, with over 95% of the work set for FY25. The second order introduces a new business offering in the hydrocarbons sector, involving above-ground piping work, fabrication, painting, and erection, including the supply of skilled manpower and necessary tools. This six-month project, awarded by a diversified global EPC player, will be executed within the FY25.

SUMMARY: 3y Operating Profit uptrend | PE 25.6x (Sector PE range 30-60) | Capital Goods

FUTURE OUTLOOK: Company’s Order book as of April 14 2024, stands at INR 426 Cr to be executed in FY25.

• MCap of INR 4,806 Crore (share price = INR 1,110 / share) (as on 24th Jun ‘24)
• TTM PE of 25.6x (as on 24th Jun ‘24) Retail float = 26.5% (Mar-24)

FOOD FOR THOUGHT: Susceptibility to investment cycle in key end user industries like wind.

What are the products and services of Sanghvi Movers?

Sanghvi Movers Limited (SML) is the largest crane rental company in India and Asia. Company has a fleet of 400+ medium to large sized heavy-duty telescopic and crawler cranes ranging from 20 to 1000 MT across 130+ operational job sites in India. Its fleet is primarily catered for the construction of various industrial plants like Power, Steel, Cement, Fertilizers, Petrochemicals & Refineries, Metros (underground as well as elevated) and Windmill sector.

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MAS Financial Services Ltd.

Recent filing: (FUND RAISE) MAS Financial Services has raised INR 500 Cr through Qualified Institutional Placement at INR 286/share. Subscribers includes Nippon India Mutual Fund, Bandhan Mutual Fund, Baroda BNP Paribas Mutua Fund, Aditya Birla Sun Life AMC Limited, ICICI Prudential Mutual Fund, Morgan Stanley Group.

SUMMARY: 3y Operating Profit uptrend | 7q Operating Profit uptrend | PE 20.8x (Sector PE range 20-40) | Excellent Mar-24 results | Fund raise | Institution Entry | NBFC

• MCap of INR 5,225 Crore (share price = INR 319/ share) (as on 24th Jun ‘24)
• TTM PE 20.8x (as on 24th Jun ‘24) Retail float = 6.6% (Dec-23)

FOOD FOR THOUGHT: AUM has high concentration of MSME loans (85% as of FY24), considered more risky in nature

What are the products and services of MAS Financial Services?

MAS Financial Services offers financial services for Micro Enterprises Loans, SME Loans, Home Loans, Two-Wheeler Loans, Used Car Loans and Commercial Vehicle Loans, to lower income and middle-income groups, spread across urban, semi-urban and rural areas, and including formal and informal sector.

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