Hi-Tech Pipes Order and Fund Raise, Ethos Bulk Deal And E2E Networks Fund Raise
Hi-Tech Pipes Ltd.
Recent filing: (ORDER & FUND RAISE) Hi-Tech Pipes has received a work order worth INR 105 Cr for supplying ERW Steel Pipes, from key customers in the renewable energy sector. The orders will be executed from New state-of-the-art manufacturing facility located in Sanand Unit II Phase I, over the next three months.
Board has approved the raising of funds for an amount not exceeding INR 600 Cr.
SUMMARY: 5y Operating Profit uptrend | 4q Operating Profit uptrend | PE 50.9x (Sector PE range 10-50) | Excellent Jun-24 results | Fund Raise | Promoter Buying | Institutional Entry | Capacity expansion | Steel Products
FUTURE OUTLOOK: As per Q1FY25 Concall, Company has set a revenue target of INR 3,500 Cr for FY25, driven by an anticipated sales volume of 5 lakh tons.
- MCap of INR 2,750 Crore (share price = INR 184 / share) (as on 20th Aug ‘24)
- TTM PE 50.9x (as on 20th Aug ‘24) Retail float = 16.8% (Jul-24)
FOOD FOR THOUGHT: Highly competitive sector | Volatility in raw material price
Q1. What are the Products and Services offered by Hi-Tech Pipes?
Hi-Tech Pipes Limited is one of India’s leading ERW (Electric Resistance Welded) pipe manufacturer and supplier engaged in the manufacturing of a wide range of steel tubes and pipes finding application in infrastructure, telecom, defense, power distribution, railways, airport, real estate, automobile, agriculture, etc.
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Ethos Ltd.
Recent filing: (BULK DEAL) Bandhan Mutual Fund bought 1.6L shares of Ethos at INR 3,346/shares, aggregating to INR 53.5 Cr, these shares were sold by Mahen Distribution Limited (Promoter).
SUMMARY: 4y Operating Profit uptrend | PE 92x (Sector PE range 30-70) | Institutional Entry | Ace Investor | New Products | New Showrooms | Consumption
- MCap of INR 8,087 Crore (share price = INR 3,304 / share) (as on 20th Aug ‘24)
- TTM PE 92x (as on 20th Aug ‘24) Retail float = 8.1% (Jun-24)
FOOD FOR THOUGHT: Promoter Selling | PE is above sector range.
Q1. What are the Products and Services offered by Ethos?
In India, Ethos Watches operates as the largest chain of luxury watch boutiques with over 60 stores and a diverse collection of more than 60 premium luxury watch brands. The company focuses on assisting customers in selecting the right timepiece while also protecting them from common malpractices in the Indian market, such as the distribution of smuggled, counterfeit, and refurbished watches.
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E2E Networks Ltd.
Recent filing: (FUND RAISE) BoD of E2E Networks considered and approved the issuance of 24.8L equity shares at INR 1,695/share aggregating to INR 420 Cr. Subscribers include Promoter, Promoter Group, Ashish Kacholia, RBA Finance and Investment Company, NAV Capital VCC.
SUMMARY: 5y Operating Profit uptrend | 7q Operating Profit uptrend | PE 131x (Sector PE range 50-100) | Excellent Jun-24 Results | Fund Raise | Promoter Buying | Ace Investor | Institutional Buying | Capacity expansion for Data Centers | New Age IT | Data Center
- MCap of INR 3,291 Crore (share price = INR 2,272 / share) (as on 20th Aug ‘24)
- TTM PE of 131x (as on 20th Aug ‘24) Retail float = 17.1% (Jun-24)
FOOD FOR THOUGHT: PE is above sector range.
Q1. What are the Products and Services offered by E2E Networks?
E2E Networks is the 6th largest IAAS platform in India. It began its journey in 2009 as a contract-less computing player targeting the value conscious segment of customers, especially startups. Currently, E2E Networks is the largest NSE listed Cloud Infrastructure Provider having served more than 15,000 customers and having thousands of active customers.
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