Droneacharya Aerial Order, Digikore Studios Cash Rebate To VFX industry And Ugro Capital Good Results

Droneacharya Aerial Innovations Ltd.

Recent filing: (ORDER) Droneacharya Aerial Innovations has secured a work order valued at AED 239,819 (INR 53L) from Alter Dynamics & Artificial Intelligence. The project entails the utilization of drones for the inspection of piles above water, catering to the stringent requirements of Abu Dhabi National Oil Company (ADNOC).

SUMMARY: 3y Operating Profit uptrend | 2 semi-annual Operating Profit uptrend | PE 53.2x (Sector PE range 70-120) | Excellent Sep-23 results | New products | Strategic collaborations | Entry into International markets | Acquisitions | Institutional entry | Drones

  • MCap of INR 373 Crore (share price = INR 156 / share) (as on 3rd May ‘24)
  • TTM PE of 53.2x (as on 3rd May ‘24) Retail float = 32.4% (Mar-24)

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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Digikore Studios

Recent filing: (CASH REBATE TO VFX INDUSTRY) As per Digikore Studios, Indian government has announced a pioneering initiative to offer cash rebates to international projects utilizing Indian animation and visual effects (VFX) services. This move, aimed at boosting India's animation and VFX industry, offers up to 30% cash rebates on qualifying expenses, along with a 5% bonus for Significant Indian Content, with a maximum rebate of INR 30 Cr.

SUMMARY: 3y Operating Profit uptrend | 1q Operating Profit uptrend | PE 43.0x (Sector PE range 30-60) | Excellent Sep-23 results | Strong Management Guidance | Ace investor | VFX

  • MCap of INR 353 Crore (share price = INR 557 / share) (as on 3rd May ‘24)
  • TTM PE 43.0x (as on 3rd May ‘24) Retail float = 19.8% (Mar-24)

FOOD FOR THOUGHT: 70% of business comes from outsourced work from major VFX studios in North America, which could face challenges due to AI advancement, Company transitioning towards direct projects from production houses

What are the products and services of Digikore Studios?

Digikore, established in 2000, is a VFX studio based in India. Its core specialization lies in delivering top tier Visual Effects (VFX) services tailored for a diverse array of media projects, encompassing films, web series, TV series, documentaries, and commercials. Company got listed on the NSE Emerge platform on 4th Oct 2023.

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Ugro Capital Ltd.

Recent filing: (GOOD RESULTS) For the quarter ending Mar-24 for Ugro Capital, Sales up 54% YoY from INR 209 Cr in Mar-23 to INR 322 Cr in Mar-24. Similarly, Net Profit up 2.3x from INR 14.0 Cr to INR 32.7 Cr. On a QoQ basis, Sales up 20% and Net Profit remains flat.

SUMMARY: 6y Financing Profit uptrend | 7q Financing Profit uptrend | PE 22.4x (Sector PE range 20-40) | Ace Investor | Fund raise | Institutional entry | Promoter buying

  • MCap of INR 2,670 Crore (share price = INR 288 / share) (as on 3rd May ‘24)
  • TTM PE of 22.4x (as on 3rd May ‘24) Retail float = 10.3% (Mar-24)

FOOD FOR THOUGHT: SBI Life Insurance reduced its stake from 1.2% in Dec-23 to less than 1% in Mar-24.

What are the products and services of Ugro Capital?

Ugro Capital is a technology focused, small business lending platform. It is focused on addressing capital needs of small businesses operating in select eight sectors by providing customized loan solutions. UGRO mission is 'Solve the Unsolved - the US \$600Bn Small Business Credit Need. It believes that the problem of small businesses can be solved by building deep expertise around core.

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