Annapurna Swadisht New Product, Shriram Pistons Commencement of Operations And Lokesh Machines License

Annapurna Swadisht Ltd.

Recent Filing: (NEW PRODUCT) Annapurna Swadisht is set to enter the edible oil market by acquiring the “Arati” brand mustard oil from RR Proteins and Agro Ltd (RRPAL) for INR 28 Cr which will be funded partly through internal accruals and partly through debt. RRPAL, the manufacturer of Arati brand mustard oil, has a production capacity 9 Lakh Litres of oil per month. This move will enable the Company to enter into new business vertical of Edible Oil.

SUMMARY: 2y Operating Profit uptrend | 4 periods semi-annual Operating Profit uptrend | PE 63.2x (Sector PE range 30-100) | Excellent Sep-23 results | Fund Raise | Capacity Expansion | Ace investor | Promoter buying | New Products | Consumption

  • MCap of INR 683 Crore (share price = INR 377 / share) (as on 20th Mar ‘24)
  • TTM PE 63.2x (as on 20th Mar ‘24) Retail float = 15.5% (Sep-23)

AREAS TO CONSIDER: Predominantly exposure to rural economy

What are the products and services of Annapurna Swadisht ?

Incorporated in 2016, Annapurna Swadisht Limited is a manufacturer of snacks and food products, namely Fryums, cakes, candy, namkeen, chips, and Gohona Bori catering to the customers residing in the rural areas of India. Since then, the company has reached 5 lacs+ retailers in 100+ towns and more than 1.5 lacs villages. These villages are spread across eastern India, covering West Bengal Jharkhand, Bihar, North East and Odisha.

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Shriram Pistons & Rings Ltd.

Recent filing: (COMMENCEMENT OF OPERATIONS) Shriram Piston’s wholly owned subsidiary (SPR Engenious Limited) has started its manufacturing operations on March 27, 2024, at its manufacturing facility situated in Madhya Pradesh.

SUMMARY: 4y Operating Profit uptrend | 7q Operating Profit uptrend | PE 21.2x (Sector PE range 30-50) | Excellent Dec-23 results | Institutional entry | Acquisition

  • MCap of INR 8,756 Crore (share price = INR 1,980 / share) (as on 28th Mar ‘24)
  • TTM PE of 21.2x (as on 28th Mar ‘24) Retail float = 8.6% (Dec-23)

AREAS TO CONSIDER: Transition to EVs

What are the products and  services of Shriram Pistons & Rings ?

Shriram Pistons & Rings Limited (SPRL) provides end-to-end solution which includes design, develop, validate and manufacture products for its customers. Product Portfolio of the company includes Piston & Piston Pins, Piston Rings, Engine Valves, Electric Motors & Motor Controllers and Precision Injection Moulded Parts.

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Lokesh Machines Ltd.

Recent filing: (LICENSE) Ministry of Home Affairs, Government of lndia, has granted the Arms License for manufacturing and proof testing of small arms to Lokesh Machines. This will extend Company’s existing product portfolio and enable it to manufacture Pistols, Assault Rifles and Rifles of various calibres and to conduct the proof testing and firing of small arms.

SUMMARY: 4y Operating Profit uptrend | 2q Operating Profit uptrend | PE 57.4x (Sector PE range 30-60) | Excellent Dec-23 Results

  • MCap of INR 695 Crore (share price = INR 375 / share) (as on 28th Mar ‘24)
  • TTM PE of 57.4x (as on 28th Mar ‘24) Retail float = 29.8% (Dec-23)

AREAS TO CONSIDER: Working capital intensive business | Volatility in price of raw material (steel, aluminium)

What are the products and  services of Lokesh Machines?

Incorporated in 1983, the Company is engaged in the design, development and manufacturing of custom-built Special Purpose Machines, General purpose CNC Machines, Jigs & Fixtures and Machining of automobile Cylinder Blocks, Heads and Connecting Rods, Defense systems and Precision Engineering Components.  Company, along with DRDO and Indian Army has jointly developed India’s first indigenous ‘9mm Machine Pistol’.

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