CFF Fluid Control Order, Sanghvi Movers Subsidiary Incorporation And PG Electroplast Further Promoter Buying

CFF Fluid Control Ltd.

Recent filing: (ORDER) CFF Fluid Control has received the Letter of Intent worth INR 267 Cr for Procurement of Low Frequency Variable Depth Sonar (LFVDS) for Yard 3029-3034 (ASW SWC) fro

m Garden Reach Shipbuilders & Engineers, needs to be delivered by 2032.

SUMMARY: 3y Operating Profit uptrend | PE 101x (Sector PE range 50-100) | Large Order | Defence

  • MCap of INR 1,731 Crore (share price = INR 805 / share) (as on 28th Jun ‘24)
  • TTM PE 101x (as on 28th Jun ‘24) Retail float = 12.9% (Mar-2

FOOD FOR THOUGHT: Negative operating cash flow for FY24 | PE is above sector range.

What are the products and services of CFF Fluid Control Limited?

CFF Fluid Control Limited, specializes in fluid control products for submarines, tanks and missiles, offering a range of equipments such as isolation valves, control valves, pressure relief valves, reducing stations, fittings and orifice plates.

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Sanghvi Movers Ltd.

Recent filing: (SUBSIDIARY INCORPORATION) Sanghvi Movers has incorporated a Wholly Owned Subsidiary namely Sangreen Future Renewables to carry on the business related to provide full-fledged turnkey services to Independent Power Producers (IPP) right from Conceptualization to Commissioning of wind turbine generator (WTG).

SUMMARY: 3y Operating Profit uptrend | PE 24.9x (Sector PE range 30-60) | Capital Goods

FUTURE OUTLOOK: Company’s Order book as of April 14 2024, stands at INR 426 Cr to be executed in FY25.

  • MCap of INR 4,678 Crore (share price = INR 1,080 / share) (as on 1st Jul ’24)
  • TTM PE of 24.9x (as on 1st Jul ’24) Retail float = 26.5% (Mar-24)

FOOD FOR THOUGHT: Susceptibility to investment cycle in key end user industries like wind.

What are the products and services of Sanghvi Movers?

Sanghvi Movers Limited (SML) is the largest crane rental company in India and Asia. Company has a fleet of 400+ medium to large sized heavy-duty telescopic and crawler cranes ranging from 20 to 1000 MT across 130+ operational job sites in India. Its fleet is primarily catered for the construction of various industrial plants like Power, Steel, Cement, Fertilizers, Petrochemicals & Refineries, Metros (underground as well as elevated) and Windmill sector.

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PG Electroplast Ltd.

Recent filing: (FURTHER PROMOTER BUYING) Immediate Relative of Promoter of PG Electroplast bought 63.4k shares at avg price of INR 3,006/share, aggregating to INR 19.1 Cr in the month of Jun '24.

SUMMARY: 3y Operating Profit uptrend | 2q Operating Profit uptrend | PE 75x (Sector PE range: 30-70) | Excellent Mar-24 results | Capacity expansion | Fund raise | Institutional Entry | Promoter Buying | Consumption

FUTURE OUTLOOK: Management has provided revenue guidance of at least INR 3,400 Cr in FY25, 24% growth.

  • MCap of INR 10,133 Crore (share price = INR 3,882 / share) (as on 1st Jul ’24)
  • TTM PE 75x (as on 1st Jul ’24) Retail float = 11.2% (Mar-24)

FOOD FOR THOUGHT: Working capital intensive business | Highly competitive sector | PE is above sector range.

What are the products and services of PG Electroplast?

PG Electroplast is an end-to-end solutions provider for product design and final product assemblies for products like Air Conditioners, Washing Machines, LED Televisions, Air Coolers, and much more. The company currently caters to both ODM and OEM demand, with a continuous focus on delivering the highest standards of quality.

Also Read: CFF Fluid Control Order, Shilchar Technologies Rescheduling of Capacity Expansion Krishca Strapping Solutions Fund Raise