Bondada Engineering Fund Raise, KP Green Engineering Order And Network People Services Fund Raise

Bondada Engineering Ltd.

Recent filing: (FUND RAISE) Board of Bondada Engineering has approved the issuance of 3.1L warrants at INR 1,756/share, aggregating to INR 55 Cr to Dr. Faruk G. Patel (Promoter of KP Group) on a private placement basis.

SUMMARY: 3y Operating Profit uptrend | PE 95.1x (Sector PE range 30-50) | Excellent Mar-24 results | Fund Raise | 5G + Solar Infrastructure

FUTURE OUTLOOK: As on 31st Mar 2024, Orderbook = INR 1,747 Cr, Orders in pipeline = INR 1,260 Cr

  • MCap of INR 4,253 Crore (share price = INR 1,969 / share) (as on 6th Jun ‘24)
  • TTM PE of 95.1x (as on 6th Jun ‘24) Retail float = 16.4% (Mar-24)

FOOD FOR THOUGHT: PE multiple is above sector range

What are the products and services of Bondada Engineering?

Bondada is an infrastructure company that specializes in offering engineering, procurement, and construction (EPC) services, as well as operations and maintenance (O&M) services to clients in the telecom and solar energy sectors across India. Its expertise encompasses core design and engineering, with a focus on passive telecom infrastructure services such as construction, operation and maintenance of telecom towers, optical fiber cables and related infrastructure.

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KP Green Engineering Ltd.

Recent filing: (ORDER) KP Green Engineering has confirmed new orders totalling INR 351 Cr, categorized into six segments. The largest order is INR 212 Cr for solar projects, followed by INR 79.5 Cr for transmission line towers. Other orders include INR 52.5 Cr for a 180 MW substation project, INR 2 5 Cr for isolators, INR 4.2 Cr for railway crash barriers, and INR 0.2 Cr for cable trays.

SUMMARY: 3y Operating Profit uptrend | 2 Semi Annual Operating Profit uptrend | PE 81.4x (Sector PE range 30-60) | Excellent Mar-24 results | Institutional Entry | Capacity Expansion | Capital Goods

FUTURE OUTLOOK: As per FY24 Investor Presentation: Management has an ambitious target of 10+ GW by 2030 | Existing manufacturing capacity: 53,000 MTPA, Proposed Greenfield capacity expansion at Matar, Gujarat: 2,94,000 MTPA, Proposed capacity expansion in Hot Dip Galvanizing Plant: 90,000 MTPA

  • MCap of INR 2,898 Crore (share price = INR 580 / share) (as on 22nd Apr ‘24)
  • TTM PE 81.4x (as on 22nd Apr ‘24) Retail float = 10.3% (Mar-24)

FOOD FOR THOUGHT: Negative operating cashflow for FY24.

What are the products and services of KP Green Engineering?

KP Green Engineering offers comprehensive solutions all under one roof, specializing in engineering and steel structure manufacturing.

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Network People Services Technologies Ltd.

Recent filing: (FUND RAISE) BoD of Network People Service Technologies approved the issuance of 16L shares by the way of Qualified Institutional Placement (QIP) and an offer for sale of 7.1L equity shares by the promoters and other selling shareholders of the company on a private placement basis.

SUMMARY: 4y Operating Profit uptrend | 7q Operating Profit uptrend | PE 107x (Sector PE range: 50-100) | Excellent Mar-24 results | Fund raise | New Product | Ace Investor | Fintech

FUTURE OUTLOOK: As per FY24 Con-call, Company anticipating 75% to 100% growth trend in the coming years.

  • MCap of INR 2,855 Crore (share price = INR 1,473 / share) (as on 6th Jun ‘24)
  • TTM PE of 107x (as on 6th Jun ‘24) Retail float = 7.8% (Mar-24)

FOOD FOR THOUGHT: Rajasthan Trustee Company has reduced its stake from 5.8% in Sep-23 to less than 1% (may be 0) in Mar-24.

What are the products and services of Network People Services Technologies?

Network People Service Technology (NPST) incorporated in 2013, is a banking technology service provider (TSP) and is engaged in providing software and mobility solutions to banking and finance sector. It is currently rendering its services to banks like Canara Bank, Syndicate Bank, Kerela Gramin Bank, Karnataka Gramin Bank etc.

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