Garden Reach Shipbuilders & Engineers And PG Electroplast Excellent Results, Lokesh Machines Good Results
Garden Reach Shipbuilders & Engineers Ltd.
Recent filing: (EXCELLENT RESULTS) For the quarter ending Mar-24 for Garden Reach Shipbuilders, Sales up 69% YoY from INR 601 Cr in Mar-23 to INR 1016 Cr in Mar-24. Similarly, Net Profit up 2x from INR 55 Cr to INR 112 Cr. On a QoQ basis, Sales up 10% and Net Profit up 27%.
SUMMARY: 6y Operating Profit uptrend | 4q Operating Profit uptrend | PE 45.7x (Sector PE range 50-100) | Excellent Mar-24 results | Institutional holding | Defence
- MCap of INR 16,331 Crore (share price = INR 1,426 / share) (as on 23rd May ‘24)
- TTM PE 45.7x (as on 23rd May ‘24) Retail float = 10.2% (Mar-24)
FOOD FOR THOUGHT: Highly competitive sector.
What are the products and services of Garden Reach Shipbuilders & Engineers ?
Garden Reach Shipbuilders & Engineers, established in 1884, is a premier shipyard in India known for building warships and various vessels for the Indian Navy, Coast Guard, and international clients. Nationalized in 1960, it has produced over 785 platforms, including 100+ warships, and achieved Miniratna status in 2006.
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PG Electroplast Ltd.
Recent filing: (EXCELLENT RESULTS) For the quarter ending Mar-24 for PG Electroplast, Sales up 30% YoY from INR 828 Cr in Mar-23 to INR 1,077 Cr in Mar-24. Similarly, Net Profit up 75% from INR 40 Cr to INR 70 Cr. On a QoQ basis, Sales up 2x and Net Profit up 3.7x.
SUMMARY: 3y Operating Profit uptrend | 2q Operating Profit uptrend | PE 48x (Sector PE range: 30-70) | Excellent Mar-24 results | Capacity expansion | Fund raise | Institutional Entry | Promoter Buying | Consumption
- MCap of INR 6,494 Crore (share price = INR 2,545 / share) (as on 23rd May ’24)
- TTM PE 48x (as on 23rd May ’24) Retail float = 11.2% (Mar-24)
FOOD FOR THOUGHT: Working capital intensive business | Highly competitive sector
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.
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Lokesh Machines Ltd.
Recent filing: (GOOD RESULTS) For the quarter ending Mar-24 for Lokesh Machines, Sales up 20% YoY from INR 67 Cr in Mar-23 to INR 80 Cr in Mar-24. Similarly, Net Profit up 58% from INR 3.0 Cr to INR 4.7 Cr. On a QoQ basis, Sales down 7% and Net Profit down 8%.
SUMMARY: 4y Operating Profit uptrend | 2q Operating Profit uptrend | PE 56x (Sector PE range 30-60) | Excellent Dec-23 Results | Capital Goods
- MCap of INR 775 Crore (share price = INR 419 / share) (as on 23rd May ‘24)
- TTM PE of 56x (as on 23rd May ‘24) Retail float = 30.4% (Mar-24)
FOOD FOR THOUGHT: Working capital intensive business | Volatility in price of raw material (steel, aluminium)
What are the products and services of Lokesh Machines?
Incorporated in 1983, the Company is engaged in the design, development and manufacturing of custom-built Special Purpose Machines, General purpose CNC Machines, Jigs & Fixtures and Machining of automobile Cylinder Blocks, Heads and Connecting Rods, Defense systems and Precision Engineering Components. Company, along with DRDO and Indian Army has jointly developed India’s first indigenous ‘9mm Machine Pistol’.
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