Cellecor Gadgets New Products, Aditya Vision GST Search And Premier Explosives Fund Raise

Cellecor Gadgets Ltd.

Recent filing: (NEW PRODUCTS) Cellecor Gadgets is expanding into the air conditioner market, offering units in 1 and 1.5-ton capacities with advanced features. Additionally, window ACs will soon join the lineup, with a total range of 12 to 15 models across various categories.

SUMMARY: 2y Operating Profit uptrend | 2 semi-annual Operating Profit uptrend | PE 40.5x (Sector PE range) | Excellent Sep-23 results | Brand Launch | New SKUs | New Products | New Showrooms | Celebrity Brand Ambassador | Consumption

  • MCap of INR 474 Crore (share price = INR 226 / share) (as on 10th Apr ‘24)
  • TTM PE 40.5x (as on 10th Apr ‘24) Retail float = 11.0% (Sep-23)

FOOD FOR THOUGHT: Cash flow from operations negative for FY23

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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Aditya Vision

Recent filing: (GST SEARCH) On 9th April ‘24, the Uttar Pradesh State GST had conducted searches at all showrooms and warehouses of Aditya Vision situated in Uttar Pradesh. The assessment authorities had chosen to issue INS 2 (order of seizure) for 7 temporary warehouses and INS 3 (order of prohibition) for 3 stores. However, on 10th April '24, the Uttar Pradesh State GST revoked its earlier order of INS 2 for the 7 temporary warehouses and INS 3 for the 3 stores. As a result, the operations of all showrooms and warehouses in Uttar Pradesh have been restored to normalcy.

SUMMARY: 6y Operating Profit uptrend | PE 55.6x (Sector PE range 30-70) | Fund Raise | New stores | Institutional entry | Consumption

  • MCap of INR 4,230 Crore (share price = INR 3,300 / share) (as on 10th Apr ‘24)
  • TTM PE 55.6x (as on 10th Apr ‘24) Retail float = 8.3% (Dec-23)

FOOD FOR THOUGHT: Exposure to intense competition in consumer durable retailing segment.

What are the products and services of Aditya Vision?

Aditya Vision is a fast growing and service oriented electronic retail chain in Bihar, Jharkhand and Uttar Pradesh. Began in 1999, now the company has its presence in almost all the districts of Bihar. It is a group of multi-brand stores dealing in consumer durables of all kinds.

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Premier Explosives Ltd.

Recent filing: (FUND RAISE) Board meeting of Premier Explosives is to be held on 19th Apr 2024 to consider fund raising.

SUMMARY: 4y Operating Profit uptrend | PE 87.5x (Sector PE range 50-100) | Strategic Partnerships | Capacity Expansion | Large Order | Orderbook INR 1026 Cr (as of Dec-23), 4.3x of TTM Revenue | Fund Raise | Defence

  • MCap of INR 2,083 Crore (share price = INR 1,937 / share) (as on 10th Apr ‘24)
  • TTM PE of 87.5x (as on 10th Apr ‘24) Retail float = 26.2% (Dec-23)

FOOD FOR THOUGHT: Price of ammonium nitrate (key raw material used in manufacturing commercial explosives) can be volatile, Company does not have pass through clauses in the contracts with clients.

What are the products and services of Premier Explosives?

Incorporated in 1980, Premier Explosives Limited is engaged in the business of manufacturing explosives and detonators with totally indigenous technology. It has widest range of products and technologies including Emulsion and Slurry Explosives, LD Cartridge Explosives, Bulk Explosives, Permitted Explosives, Plain Detonators, Electric Delay Detonators, Permitted Detonators etc.

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