Jeena Sikho Lifecare Empanelment, Droneacharya Aerial Innovations Order, JTL Industries Business Update

Jeena Sikho Lifecare Ltd.

Recent filing: (EMPANELMENT) Jeena Sikho's sixteen Ayurveda Panchkarma Hospitals, located in Dera Bassi, Murad Nagar, Lucknow, Navi Mumbai, Paschim Vihar, Gurugram, Safdarjung, Amritsar, Thane, Andheri, Kota, Ajmer, Jaipur, Sikar, Udaipur, and Jodhpur, have been empanelled with HDFC EGRO Insurance for providing Cashless Ayurveda Panchkarma Treatment.

SUMMARY: 4y Operating Profit uptrend | 3 semi-annual Operating Profit uptrend | PE 42.7x (Sector PE range 40-80) | Excellent Sep-23 results | Expanding hospital count | Promoter buying | Fund entry

  • MCap of INR 2,305 Crore (share price = INR 925 / share) (as on 3rd Apr ‘24)
  • TTM PE 42.7x (as on 3rd Apr ‘24) Retail float = 9.1% (Sep-23)

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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Droneacharya Aerial Innovations Ltd.

Recent filing: (ORDER) Droneacharya has secured a work order worth INR 4.7 Cr for Drone and Geographic Information System (GIS) Data Processing from iRed Ltd, United Kingdom. This order needs to be executed over 2 weeks.

SUMMARY: 3y Operating Profit uptrend | 2 semi-annual Operating Profit uptrend | PE 52.8x (Sector PE range 70-120) | Excellent Sep-23 results | New products | Strategic collaborations | Entry into International markets | Acquisitions | Institutional entry | Drones

  • MCap of INR 370 Crore (share price = INR 154 / share) (as on 3rd Apr ‘24)
  • TTM PE of 52.8x (as on 3rd Apr ‘24) Retail float = 21.4% (Sep-23)

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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JTL Industries Ltd.

Recent filing: (BUSINESS UPDATE) JTL Industries achieved its highest-ever sales volume of 341,846 MT, marking a 42.3% growth from the FY23’s sales volume of 240,316 MT. Sales of value-added products also surged by 34.5%, reaching 99,818 MT in FY24 from 74,243 MT in FY23.

SUMMARY: 3y Operating Profit uptrend | PE 30.3x (Sector PE range 10-50) | Fund raise | Capacity expansion | High value-add Products addition | Promoter buying | Fund entry

  • MCap of INR 3,643 Crore (share price = INR 213 / share) (as on 3rd Apr ‘24)
  • TTM PE 30.3x (as on 3rd Apr ‘24) Retail float = 17.8% (Dec-23)

FOOD FOR THOUGHT: Steel tubes and pipes industry is highly competitive and fragmented given the presence of various organised and unorganised players | Volatility in raw material prices

What are the products and services of JTL Industries?

JTL Industries is the flagship company of the Jagan Group of Companies. It produces Black & Galvanized ERW Steel Pipes & Tubes, hollow sections and structural steel that are extensively used in major engineering and construction projects. The group caters to the domestic Indian markets as well as the overseas export markets.

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