Zaggle Prepaid Stake Increased, Aurionpro Solutions Large Order And Digikore Studios Fund Raise

Zaggle Prepaid Ocean Services Ltd

Recent filing: (STAKE INCREASED) Shareholding pattern of Zaggle Prepaid indicates that DIIs have increased their stake from 5.4% in Jun-24 to 10.7% in Sep-24.

SUMMARY: 5y Operating Profit uptrend | PE 88x (Sector PE range 30-50) | Acquisitions | Ace Investor | Institutional entry | IT

FUTURE OUTLOOK: In Q1FY25 Investor Presentation, Management reaffirmed its goal of doubling its revenue within the next two years.

• MCap of INR 5,162 Crore (share price = INR 421 / share) (as on 24th Oct ‘24)
• TTM PE 88x (as on 24th Oct ‘24) Retail float = 20% (Sep-24)

FOOD FOR THOUGHT: PE is above sector range.

Question 2: Who are the promoters of Zaggle Prepaid Ocean Services?

Incorporated in 2011, Zaggle is a uniquely positioned player in the FinTech industry, offering a diversified range of products and services. Company’s portfolio includes a variety of SaaS solutions, such as expenses, payments, and rewards management software, which cater to a wide array of touchpoints.

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Aurionpro Solutions

Recent filing: (LARGE ORDER) Aurionpro Solutions announced another significant multi-million-dollar win, following its recent success in the Asian market. This new project entails delivering iCashpro+, a comprehensive Transaction Banking Solution, for a leading bank across multiple countries in South Asia. Company’s iCashpro+ offers advanced cash management features such as digital payments, virtual accounts, and liquidity management, enabling transaction efficiency and providing real-time insights into liquidity and payment flows. By implementing an innovative cash management system, the bank simplifies complex transactions while gaining instant visibility, keeping it at the forefront of digital banking innovation to meet its corporate clients' evolving needs.

SUMMARY: 4y Operating Profit uptrend | 7q Operating Profit uptrend | PE 53.6x (Sector PE range 30-50) | Excellent Sep-24 results | Fund raise | Institutional entry | Acquisition | Partnership | Large order | Orderbook of INR 1,100 Cr+ (Sep-24) (1x of TTM revenue) | New-age IT

FUTURE OUTLOOK: As per the Q1FY25 Concall, Company has given a guidance for 30-35% growth in revenue and earnings for FY25.

• MCap of INR 8,823 Crore (share price = INR 1,598 / share) (as on 24th Oct ‘24)
• TTM PE of 53.6x (as on 24th Oct ‘24) Retail float = 8.6% (Sep-24)

FOOD FOR THOUGHT: PE is above sector range

Question 2: Who are the promoters of Aurionpro Solutions?

Aurionpro is the convergence of advanced technology solutions that help enterprises accelerate Digital Innovation - securely and efficiently. It is 'One Platform', guiding businesses to ADAPT to a new paradigm in Digital Transformation across Banking Transportation, Logistics, and Government sectors.

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Digikore Studios

Recent filing: (FUND RAISE) BoD of Digikore Studios considered and approved raising funds of up to INR 30 crore through preferential allotment, qualified institutions placement, or other permissible modes. Additionally, they approved raising up to INR 15 crore through the issue of equity warrants to promoters and promoter group members.

SUMMARY: 3y Operating Profit uptrend | PE 24.5x (Sector PE range 30-60) | Ace investor | Fund raise | Promoter Buying | VFX

FUTURE OUTLOOK: As per FY24 concall, Company is aiming to achieve INR 100 Cr revenue in FY26. Company has expansion plans in North America and Canada to achieve revenue target of \$ 25 Million (~ INR 200+ Cr) within 2 years’ time. Company focus is on grabbing \$25 million out of the \$10 billion global VFX market in the next two years.

• MCap of INR 230 Crore (share price = INR 362 / share) (as on 24th Oct '24)
• TTM PE 24.5x (as on 24th Oct '24) Retail float = 20.6% (Sep-24)

FOOD FOR THOUGHT: 70% of business comes from outsourced work from major VFX studios in North America, which could face challenges due to AI advancement, Company transitioning towards direct projects from production houses

Question 2: Who are the promoters of Digikore Studios?

Digikore, established in 2000, is a VFX studio based in India. Its core specialization lies in delivering top tier Visual Effects (VFX) services tailored for a diverse array of media projects, encompassing films, web series, TV series, documentaries, and commercials. Company got listed on the NSE Emerge platform on 4th Oct 2023.

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