Cellecor Gadgets Excellent Results, Anant Raj Good To Excellent Results And Exhicon Events Media Acquisition

Cellecor Gadgets Ltd.

Recent filing: (EXCELLENT RESULTS) For the half year ending Mar-24 for Cellecor Gadgets, Sales up 93% YoY from INR 151 Cr in Mar-23 to INR 291 Cr in Mar-24. Similarly, Net Profit up 94% from INR 4.7 Cr to INR 9.1 Cr. On a HoH basis, Sales up 39% and Net Profit up 30%.

SUMMARY: 2y Operating Profit uptrend | 3 semi-annual Operating Profit uptrend | PE 32.8x (Sector PE range: 30-70) | Excellent Mar-24 results | Brand Launch | New SKUs | New Products | New Showrooms | Celebrity Brand Ambassador | Consumption

  • MCap of INR 525 Crore (share price = INR 251 / share) (as on 25th Apr ‘24)
  • TTM PE 32.8x (as on 25th Apr ‘24) Retail float = 11.0% (Sep-23)

FOOD FOR THOUGHT: Cash flow from operations negative for FY24.

What are the products and services of Cellecor Gadgets?

Operating under the brand name CELLECOR, the Company is involved in the procurement, branding, and distribution of various consumer electronics such as television, mobile phones, smart wearables, mobile accessories, smartwatches, and neckbands. It has an established presence in India with over 1,200 service centers, 800 distributors, with products available in more than 24,000 retail stores. Its product range consists of 300+ different items, and it has successfully reached 100 million users across India through both online and offline dealer channels, offering affordable consumer electronics.

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Anant Raj Ltd.

Recent filing: (GOOD TO EXCELLENT RESULTS) For the quarter ending Mar-24 for Anant Raj, Sales up 58% YoY from INR 280 Cr in Mar-23 to INR 443 Cr in Mar-24. Similarly, Net Profit up 75% from INR 48 Cr to INR 84 Cr. On a QoQ basis, Sales up 13% and Net Profit up 18%.

SUMMARY: 3y Operating Profit uptrend | 3q Operating Profit uptrend | PE 47.5x (Sector PE range 30-40) | Excellent Mar-24 results | Fund raise | Institutional entry

  • MCap of INR 12,370 Crore (share price = INR 362 / share) (as on 25th Apr ‘24)
  • TTM PE of 47.5x (as on 25th Apr ‘24) Retail float = 8.7% (Dec-23)

FOOD FOR THOUGHT: Exposure to related party transactions (Mar 23: INR 340 Cr of investment in subsidiaries; INR 500 Cr of loans and advances to these companies)

What are the products and services of Anant Raj?

 Anant Raj Limited is one of the largest real estate developers in Delhi and NCR Region. It has taken substantial projects from DDA and other governmental departments. Its diverse range of businesses encompasses various ventures, including Residential Townships, Group Housing, Commercial Developments, IT parks, Malls, Office Complexes, Affordable Housing, Hospitality and Data Centers.

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Exhicon Events Media Solutions Ltd.

Recent filing: (ACQUISITION) Exhicon Events Media Solutions has acquired 89.99% of United Helicharters Private Limited for USD 200,000 plus a provisional gross liability of approximately INR 16 Cr. UHPL specializes in helicopter charter services for corporate travel, medical evacuation, and aerial surveys, operating from Mumbai's Pawan Hans, Juhu Airport, with bases on the West and East Coast of India. The acquisition aims to bolster Exhicon's presence in Religious Tourism and MICE business, expanding its portfolio and geographic reach to cater to diverse clientele including PSU's, private sector companies, religious pilgrims, and business travelers. UHPL's FY23 turnover stands at INR 14 Cr.

SUMMARY: 3y Operating Profit uptrend | 1 semi-annual Operating Profit uptrend | PE 32.1x (Sector PE range 25-50) | Excellent Sep-23 results | Fund raise | Ace Investor | Institutional entry | MoUs | New business divisions | Acquisitions

  • MCap of INR 382 Crore (share price = INR 295 / share) (as on 25th Apr ‘24)
  • TTM PE 32.1x (as on 25th Apr ‘24) Retail float = 20.1% (Mar-24)

FOOD FOR THOUGHT: Risk associated with expansion into new markets

What are the products and services of Exhicon Events Media Solutions?

Exhicon is engaged in the business of providing a full range of products and services for exhibitions, conference and events industry. Some of its solutions include Media to Integrated Marketing Solutions, Temporary to Permanent Event Infrastructure and Management to Organizing events. It offers its product to various sectors including hospitality, Healthcare etc.

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