Websol Energy System Breakout, Texmaco Rail & Engineering Order And Ganesh Green Bharat Capacity Expansion
Websol Energy System Ltd.
Recent filing: (BREAKOUT) Websol Energy System Stock has given a 1-month breakout breaking the previous price level of 1582.
SUMMARY: 2y Operating Profit uptrend | 2q Operating Profit uptrend | PE NA (Sector PE range 50-90) | Excellent Sep-24 results | Fund Raise | Capacity Expansion | Solar | Clean Energy
- MCap of INR 7,324 Crore (share price = INR 1,687 / share) (as on 17th Dec ‘24)
- TTM PE NA (as on 17th Dec ‘24) Retail float = 42.6% (Sep-24)
FOOD FOR THOUGHT: PE is undefined given that, net profit on a TTM basis is negative.
Question 1: Who are the promoters of Websol Energy System?
Incorporated in 1990, Websol Energy Systems Ltd. manufactures photovoltaic monocrystalline solar cells and modules in India. Websol modules are designed for grid and standalone Solar PV power plants, remote communication, and rural electrification under diffused Sunlight.
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Texmaco Rail & Engineering Ltd
Recent filing: (ORDER) Texmaco Rail has received an order worth INR 187 Cr from Chhattisgarh State Power Transmission Co. Ltd. for the construction of nine 132KV transmission lines (291 km) on a turnkey basis, to be completed within 15 months.
SUMMARY: 4y Operating Profit uptrend | PE 44.4x (Sector PE range 30-60) | Excellent Sep-24 results | Fund raise | Promoter Buying | Institutional Entry | Acquisitions | Order book of INR 8,200 Cr as of (Sep-24) | Capital Goods – Non-Electrical Equipment
- MCap of INR 9,228 Crore (share price = INR 231 / share) (as on 17th Dec ‘24)
- TTM PE 44.4x (as on 17th Dec ‘24) Retail float = 24.6% (Sep-24)
FOOD FOR THOUGHT: Low operating profit margin.
Question 1: Who are the promoters of Texmaco Rail & Engineering?
Company operates through three business segments, Freight Car (freight car manufacturing, steel foundry and components systems), Infra – Rail & Green Energy and Infra – Electrical. The Company has seven manufacturing facilities, with five located in West Bengal (Agarpara, Belgharia [2], Sodepur and Panihati), one in Vadodara, Gujarat and one in Raipur, Chhattisgarh.
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Ganesh Green Bharat Ltd.
Recent filing: (CAPACITY EXPANSION) Ganesh Green Bharat has commenced commercial production of its new Module Line at Mahesana, Gujarat, effective December 15, 2024. Manufacturing capacity at the existing factory has increased by 514 MW, raising total capacity from 236 MW to 750 MW. The facility features fully automated processes for consistent quality and can handle advanced technologies like TOPCon, PERC, and HJT for solar PV manufacturing.
SUMMARY: 3y Operating Profit uptrend | 2h Operating Profit uptrend | PE 49.9x (Sector PE range 50-90) | Excellent Sep-24 Results | Order book of INR 394 Cr as of (4th Dec-24) | Capacity Expansion | IPO | Clean Energy
FUTURE OUTLOOK: As per H1FY25 Concall, Company is targeting a turnover of INR 300-350 Cr for FY25 (91% growth over FY24) and INR 550-600 Cr for FY26 | Target turnover over the next 4-5 years is INR 3,500-4,000 Cr | As per H1FY25 Investor Presentation, Company plans to expand its capacity from the current 236 MW to 750 MW (3x growth) by the end of CY24.
- MCap of INR 1,307 Crore (share price = INR 527 / share) (as on 17th Dec ‘24)
- TTM PE 49.9x (as on 17th Dec ‘24) Retail float = 15.9% (Sep-24)
FOOD FOR THOUGHT: Highly competitive sector.
Question 1: Who are the promoters of Ganesh Green Bharat?
Incorporated in 2016, Ganesh Green Bharat Limited specializes in Solar PV Module manufacturing, Solar Systems and Allied Services, Electrical Contracting, and Water Supply Scheme Projects.