Cosmic CRF Order, Patel Engineering Project Inauguration And K.P. Energy Large Order

Cosmic CRF Ltd.

Recent filing: (ORDER) Cosmic CRF has received order worth INR 13.6 Cr from Jindal Rail Infrastructure Ltd, Eastern Railway, Hindusthan Engineering & Industries Ltd. for the supply of Cold Rolled Formed Sections for BOXNHL/BCFCM/BVCM Wagons.

SUMMARY: 1y Operating Profit uptrend | 2 semi-annual Operating Profit uptrend | PE 51.6x (Sector PE range 40-70) | Excellent Sep-23 results | Fund raising | Strategic acquisition | Railways

  • MCap of INR 619 Crore (share price = INR 894 / share) (as on 11th Mar ‘24)
  • TTM PE of 51.6x (as on 11th Mar ‘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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Patel Engineering Ltd.

Recent filing: (PROJECT INAUGRATION) Patel Engineering announced the inauguration of the Sela Tunnel Project in Arunachal Pradesh, officiated by Prime Minister, Shri. Narendra Modi. The project is valued at INR 650 Cr and includes the construction of a main tunnel T1 spanning a length of 1003m and a main tunnel T2 spanning a length of 1594m having an escape tunnel of 1584m and a road spanning about 8.7 km. This project plays a crucial role in enhancing India’s strategic and economic interests in the northeastern region, particularly in the context of strengthening infrastructure at the border and efforts to develop remote areas for both security and development purposes.

SUMMARY: 4y Operating Profit uptrend | PE 23.1x (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

  • MCap of INR 4,649 Crore (share price = 60.1 INR / share) (as on 11th Mar ‘24)
  • TTM PE 23.1x (as on 11th Mar ‘24) Retail float = 29.5% (Dec-23)

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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K.P. Energy Ltd.

Recent filing: (ORDER) K.P. Energy Ltd. has received new order of total capacity of 368.55MW out of which 185.85MW is awarded by Aditya Birla Renewables Subsidiary Limited and 182.70MW is awarded by ABREL (RJ) Projects Limited for development of Balance of Plant for 368.55MW wind capacity forming part of the wind-solar hybrid power project to be developed in Gujarat. The order also includes development of 220KV transmission line for evacuation capacity of 673MW. The project is scheduled to be completed in FY26.

SUMMARY: 4y Operating Profit uptrend | PE 56.2x (Sector PE range 30-50) | Strategic Partnerships | Clean Energy

  • MCap of INR 2,708 Crore (share price = INR 406 / share) (as on 11th Mar ‘24)
  • TTM PE 56.2x (as on 11th Mar ‘24) Retail float = 22.2% (Feb-24)

What are the Products and Services of K.P. Energy?

KP Energy Limited is a balance of plant (BoP) solution provider for the Wind Energy industry. The company engages throughout the development process of wind farms, right from conceptualization until the commissioning of the project.

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