Gravita India Acquisition, Gensol Engineering Order And Mach Conferences & Events Bulk Deal
Gravita India Ltd.
Recent filing: (ACQUISITION) Gravita Netherlands BV (GNVB), a subsidiary of Gravita India, has signed a Memorandum of Understanding (MOU) to acquire a Waste Tyre Recycling plant in Romania with a capacity of 17,000 MTPA. This will be Gravita's first recycling facility in Europe.
The acquisition will be executed through a Special Purpose Vehicle (SPV) in Romania, with GNVB holding 80% equity and management control, while the remaining equity will be owned by Romanian partners. The total investment for this transaction is approximately INR 40 Cr, with GNVB contributing INR 32 Cr, subject to due diligence.
The acquisition aligns with GNVB's goal of expanding its recycling business across Europe, enhancing market presence, customer base, and competitiveness. The company already operates similar facilities in Senegal, Togo, Ghana, and Tanzania, supporting its diversification and global expansion strategy.
SUMMARY: 2y Operating Profit uptrend | PE 63.6x (Sector PE range 30-50) | Excellent Jun-24 results | Institutional Entry | Acquisition | Capacity expansion | Sustainability and Recycling
FUTURE OUTLOOK: As per Q1FY25 Concall, Company is guiding for a 25% volume growth and a 35% profit growth on a CAGR basis as well as targeting around 60% to 70% capacity utilization for FY25.
- MCap of INR 16,187 Crore (share price = INR 2,345 / share) (as on 12th Sep ‘24)
- TTM PE 63.6x (as on 12th Sep ‘24) Retail float = 14.2% (Jun-24)
FOOD FOR THOUGHT: PE is above sector range.
Q1. What are the Products and Services offered by Gravita India Ltd?
Established in 1992, Gravita is one of the largest recyclers of non-ferrous metals in India. It has diversified into Manufacturing, International Trade, Turnkey Solutions in nonferrous metals, Plastics industry and in Information Technology. It has its offices and plants in India, USA, Singapore, Netherland, Sri Lanka, Ghana, Mozambique, Senegal, Tanzania, Jamaica, Mali, Mauritania, and Nicaragua.
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Gensol Engineering
Recent filing: (ORDER) Gensol Engineering has won the project to setup India’s first Green Hydrogen Valley project in Pune. Gensol – Matrix will set up Green Hydrogen production plant on Build Own and Operate (BOO) basis to supply Green Hydrogen to Specialty Chemical sector with the firm offtake for 20 years.
SUMMARY: 5y Operating Profit uptrend | 6q Operating Profit uptrend | PE 59.8x (Sector PE range 50-90) | Fund raise | Institutional entry | Geographical Expansion | Large Orders | Orderbook of INR 5,025 Cr (Jun-24) (4.5x of TTM revenue) | Acquisitions | Promoter Buying | Solar + EV
FUTURE OUTLOOK: As per Q1FY25 Concall, Company had projected revenue guidance of INR 2,000 crore for FY25, a 2.1x increase from the FY24 revenue of INR 963 crore. Additionally, the company expects to maintain consolidated EBITDA margins at 25%-26%.
- MCap of INR 3,486 Crore (share price = INR 920 / share) (as on 12th Sep ‘24)
- TTM PE of 59.8x (as on 12th Sep ‘24) Retail float = 20.1% (Jun-24)
FOOD FOR THOUGHT: Leveraged capital structure attributed to debt funded acquisition of EVs for leasing to Blu-Smart
Q1. What are the Products and Services offered by Gensol Engineering?
Gensol is involved in the business of solar consulting & EPC. It provides concept to commissioning solar advisory, execution and operation services for solar projects in India and abroad. Expanding its operations, Gensol has also established an EV manufacturing facility in Pune, India, for the development and production of electric three wheelers and four wheelers. Alongside, Gensol offers comprehensive EV leasing solutions and is serving leading ride-hailing players with its buy-and-lease package of EV cars.
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Mach Conferences & Events Ltd
Recent filing: (BULK DEAL) Viney Equity Market bought 4.3L shares of Mach Conferences & Events at INR 300/share, aggregating to INR 12.8 Cr. Nav Capital Emerging Star Fund bought 2L shares at INR 301/share, aggregating to INR 6 Cr. Ankush Kedia bought 1.5L shares at INR 285/share, aggregating to INR 4.3 Cr.
SUMMARY: 2y Operating Profit uptrend | PE 24.4x (Sector PE range 25-50) | Institutional Entry | Ace Investor | Event Management
- MCap of INR 631 Crore (share price = INR 300 / share) (as on 12th Sep ‘24)
- TTM PE 24.4x (as on 12th Sep ‘24) Retail float = NAFOOD FOR THOUGHT: Top 3 customers lead to 74% of the revenue.
Q1. What are the Products and Services offered by Mach Conferences?
MACH Conferences and Events is a leading name in the global MICE (Meetings, Incentives, Conferences, and Events) industry, renowned for its expertise in organizing and executing a wide range of formal corporate events. With over 20 years of experience and a portfolio of more than 300 successful medium- and large-scale events in the last three years, MACH has become a trusted partner for some of the world’s most prestigious brands.