Cosmic CRF Credit Restructure, Krishna Defence Strategic Investment And Droneacharya Partnership
Cosmic CRF Ltd.
Recent filing: (CREDIT RESTRUCTURE) Cosmic CRF had initially secured a Term Loan of INR 20 Cr with a DLOD (Deferred Loan Origination Discount) of INR 2 Cr from Kotak Mahindra Bank at 18% interest. Bank of India has taken over the Term Loan and sanctioned a Cash Credit of INR 30 Cr at 10% interest. The new credit facilities with Bank of India comprise a Term Loan of INR 18.25 Cr and a Cash Credit of INR 30 Cr, both at 10% interest. This transition offers significant interest rate benefits to the Company.
SUMMARY: 1y Operating Profit uptrend | 2 semi-annual Operating Profit uptrend | PE 52.3x (Sector PE range 40-70) | Excellent Sep-23 results | Institutional Entry | Fund raising | Strategic acquisition | Railways
- MCap of INR 628 Crore (share price = INR 908 / share) (as on 11th Apr ‘24)
- TTM PE of 52.3x (as on 11th Apr ‘24) Retail float = 22.7% (Sep-23)
What are the products and services of Cosmic CRF?
Cosmic Group is a name to reckon with in the business community in the eastern India. The group is active in various business/industries like cold rolled forming and manufacturing of other engineering items for wagon carts, electrical transmission and defense sector as well as real estate.
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Krishna Defence & Allied Industries Ltd.
Recent filing: (STRATEGIC INVESTMENT) Krishna Defence has acquired a 0.37% stake for INR 50L in Planys Technologies, an innovative underwater robotic startup, by signing a Share Subscription Agreement. This acquisition aims to collaborate with Planys for the development and manufacturing of an Underwater Autonomous Vehicle for Defence application. The turnover of the target company for FY23 was INR 8.5 Cr.
SUMMARY: 4y Operating Profit uptrend | 2 semi-annual Operating Profit uptrend | PE 76.0x (Sector PE range 50-100) | Large Order | Partnership | Fund raise | Ace Investor | Defence
- MCap of INR 479 Crore (share price = INR 390 / share) (as on 11th Apr ‘24)
- TTM PE 76.0x (as on 11th Apr ‘24) Retail float = 15.4% (Dec-23)
FOOD FOR THOUGHT: Negative operating cash flow in FY23
What are the products and services of Krishna Defence?
Krishna Defence & Allied Industries has comprehensive in-house capabilities of designing, developing and manufacturing a wide range of equipment for defence, security, dairy and mega kitchen verticals. Its clientele includes Indian Army, DRDO, Goa Shipyard, Amul, Keventers etc.
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Droneacharya Aerial Innovations Ltd.
Recent filing: (PARTNERSHIP) Droneacharya Aerial Innovations announced its strategic investment in IPO-bound Gridbots Technologies. This partnership aims to enhance offerings by providing customers with a comprehensive array of drone and AI-based services. By capitalizing on Gridbots' expertise, Company seeks to expand its reach and develop tailored solutions across various sectors including industrial automation, defence, oil, and gas industries.
SUMMARY: 3y Operating Profit uptrend | 2 semi-annual Operating Profit uptrend | PE 53.9x (Sector PE range 70-120) | Excellent Sep-23 results | New products | Strategic collaborations | Entry into International markets | Acquisitions | Institutional entry | Drones
- MCap of INR 378 Crore (share price = INR 158 / share) (as on 11th Apr ‘24)
- TTM PE of 53.9x (as on 11th Apr ‘24) Retail float = 21.4% (Sep-23)
FOOD FOR THOUGHT: Negative operating cash flow in FY23.
What are the products and services of Droneacharya Aerial Innovations?
Incorporated in 2017, the Company provides a high-end ecosystem of Drone solutions for multi-sensor Drone surveys, data processing of Drone data using robust high-configuration workstations, Drone pilot training & specialized GIS training.
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