Jeena Sikho Lifecare Acquisition, Cosmic CRF Order And Premier Road Lines Good to Excellent Results

Jeena Sikho Lifecare Ltd.

Recent filing: (ACQUISITION) Jeena Sikho Lifecare has acquired 80% stake in “Saatviksuddhi Ayurlife Private Limited” to provide adequate care, treatment and surgery through Ayurveda and Naturopathy by establishing health centers, hospitals, clinics with central concern of healthcare services and to promote, support, collaborate with such institutions involved with objects of the like nature.

SUMMARY: 4y Operating Profit uptrend | 4 semi-annual Operating Profit uptrend | PE 38.4x (Sector PE range 40-80) | Excellent Mar-24 results | Expanding hospital count | Acquisition | Promoter buying | Fund entry

FUTURE OUTLOOK: Company is targeting a revenue of around INR 450 Cr and a PAT margin of more than 25% next year.

  • MCap of INR 2,660 Crore (share price = INR 1,070/ share) (as on 11th Jun ‘24)
  • TTM PE 38.4x (as on 11th Jun ‘24) Retail float = 8.9% (Mar-24)

FOOD FOR THOUGHT: Ayurveda is generally not considered mainstream.

What are the products and services of Jeena Sikho Lifecare?

Founded in 2009, Jeena Sikho Lifecare Limited is an Ayurveda based healthcare company headquartered in Zirakpur. It has a chain of 150+ Ayurvedic clinics all over India and a certified team of 200+ Ayurveda doctors.

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Cosmic CRF Ltd.

Recent filing: (ORDER) Cosmic CRF has received 3 orders aggregating to INR 23.8 Cr from two different companies in the wagon manufacturing industry, to be completed within a period of 6 months: 1. An order worth INR 12.9 Cr for 300 BOSM wagons and 61 BOXNHL wagons and 2. An order worth INR 10.9 Cr for 400 BOXNS wagons.

SUMMARY: 1y Operating Profit uptrend | 3 semi-annual Operating Profit uptrend | PE 81.7x (Sector PE range 40-70) | Institutional Entry | Fund raising | Strategic acquisition | Railways

FUTURE OUTLOOK: As per FY24 Investor Presentation, Company expects to double the revenue year-on-year. Company has a healthy Order Book of INR 504 Cr and order in pipeline of INR 119 Cr.

  • MCap of INR 1,042 Crore (share price = INR 1,271 / share) (as on 11th Jun ‘24)
  • TTM PE of 81.7x (as on 11th Jun ‘24) Retail float = 14.9% (Mar-24)

FOOD FOR THOUGHT: Negative cash flow from operations in FY24

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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Premier Road Lines Ltd.

Recent filing: (GOOD TO EXCELLENT RESULTS) For the half year ending Mar-24 for Premier Roadlines, Sales up 38% HoH from INR 96 Cr in Sep-23 to INR 132 Cr in Mar-24. Similarly, Net Profit up 78% from INR 4.6 Cr to INR 8.1 Cr.

SUMMARY: 3y Operating Profit uptrend | 1h Operating Profit uptrend | Excellent Mar-24 results | PE 21.2x (Sector PE range 10-40) | IPO | Logistics

  • MCap of INR 270 Crore (share price = INR 118 / share) (as on 11th Jun ‘24)
  • TTM PE 21.2x (as on 11th Jun ‘24) Retail float = NA

FOOD FOR THOUGHT: Highly competitive sector

What are the products and services of Premier Road Lines?

Company provides logistics solutions, specializing in surface transportation of goods from 1 MT to 250 MT across India and neighboring countries like Nepal and Bhutan. They offer general transport services, project logistics, and handle oversized cargo for B2B customers. In FY 2022-23, the company completed over 26,000 orders using third-party operators and various transportation facilities like containerized trucks, trailers, and hydraulic axles.

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