Cellecor Gadgets Fund Raise, Shri Balaji Valve Components Good Results And Patel Engineering Order

Cellecor Gadgets Ltd.

Recent filing: (FUND RAISE) Board Meeting of Cellecor Gadgets is to be held on 10-May-2024 to consider Fund raising.

SUMMARY: 2y Operating Profit uptrend | 3 semi-annual Operating Profit uptrend | PE 33.8x (Sector PE range: 30-70) | Excellent Mar-24 results | Fund Raise | Brand Launch | New SKUs | New Products | New Showrooms | Celebrity Brand Ambassador | Consumption

  • MCap of INR 544 Crore (share price = INR 260 / share) (as on 8th May ‘24)
  • TTM PE 33.8x (as on 8th May ‘24) Retail float = 9.3% (Mar-24)

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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Shri Balaji Valve Components Ltd.

Recent filing: (GOOD RESULTS) For the half year ending Mar-24 for Shri Balaji Valve Component, Sales up 36% YoY from INR 33.41 Cr in Mar-23 to INR 45.3 Cr in Mar-24. Similarly, Net Profit up 46% from INR 2.99 Cr to INR 4.37 Cr. On a HoH basis, Sales up 22% and Net Profit up 10%.

SUMMARY: 3y Operating Profit uptrend | PE 22x (Sector PE range 30-60) | Capital Goods | IPO

  • MCap of INR 182 Crore (share price = INR 223 / share) (as on 8th May ‘24)
  • TTM PE 22x (as on 8th May ‘24) Retail float = 16.6 (Mar-24)

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

What are the products and services of Shri Balaji Valve Components?

The company develops and manufactures customized valve components. Its product portfolio includes all types of balls (trunnion-mounted balls, soft-seated balls), shafts, stems, bonnets, flange bonnets, flanges, seat rings, trunnion plates, discs, retainer rings, stem housing, trunnions, sleeves, piston rods, bodies, body adaptors, gland flanges, actuator stems, plugs, etc. A wide range of valve components is used for critical applications in sectors such as Oil & Gas, Petrochemicals, Power Generation, Pharmaceuticals, etc.

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Patel Engineering Ltd.

Recent filing: (ORDER) Patel Engineering along with JV partner has been declared lowest bidder (L1) for an irrigation project worth INR 343 Cr from office of the executive engineer, Govt. of Maharashtra. Company’s share is INR 120 Cr. Project is to be completed over 2y.

SUMMARY: 4y Operating Profit uptrend | PE 24.0x (Sector PE range 20-50) | Excellent Dec-23 results | Orderbook as of Dec ‘23 stands at INR 19,134 Cr, 4.1x of TTM Revenue | Fund Raise | Institutional Entry | EPC

  • MCap of INR 4,817 Crore (share price = 57 INR / share) (as on 8th May ‘24)
  • TTM PE 24.0x (as on 8th May ‘24) Retail float = 29.3% (25th Apr ‘24)

FOOD FOR THOUGHT: High working capital intensity (NWC/OI = 48% as of Mar-23), given considerable portion of receivables / work in progress is stuck in arbitration or under claims pending with the clients.

What are the products and services of Patel Engineering?

Patel Engineering Limited, founded in 1949, is one of the major Infrastructure and Construction service company in India. It has a breadth of experience encompassing all sectors of infrastructure industry from dams, tunnels, micro-runnels, hydroelectric projects, highways, roads, bridges, railways, refineries to real estate and township.

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