Kalyani Cast Subsidiary Incorporation, Ramkrishna Forgings Order And AVG Logistics Divestment

Kalyani Cast Tech Ltd.

Recent filing: (SUBSIDIARY INCORPORATION) A new subsidiary, named KMT Engineering Private Limited, has been incorporated to operate in the manufacturing sector.

SUMMARY: 2y Operating Profit uptrend | PE 37.4x (Sector PE range 30-60) | Ace Investor

  • MCap of INR 370 Crore (share price = INR 515 / share) (as on 20th Feb ‘24)
  • TTM PE 37.4x (as on 20th Feb ‘24) Retail float = 18.8% (Dec-23)

What are the products and services of Kalyani Cast Tech ?

A cargo container manufacturing Company, Kalyani Cast Tech Ltd. manufactures a wide product range of castings, including finished components and are specialists in various types of cargo containers such as ISO containers and other special containers including dwarf containers, cuboid containers, special containers for parcel cargo and containers for two & three wheelers. With an unparalleled experience, technical know-how and a state-of-the-art manufacturing facility, Kalyani proves to be a reliable name for its clients.

Finding multibagger stocks is important for building wealth. Discover potential multibaggers at Sovrenn Discovery 

Ramkrishna Forgings Ltd.

Recent filing: (ORDER) Ramkrishna Forgings Ltd. has announced a significant milestone as it penetrates further into North American market by successfully securing a contract worth US\$220 Million (~INR 1,826 Cr). This contract spans over a decade and marks the Company's foray into a new vertical within the forging sector, focusing on supplying Tier 1 customers in the Light Vehicle segment across North America.

SUMMARY: 4y Operating Profit uptrend | 2q Operating Profit uptrend | PE 43.6x (Sector PE range 30-50) | Excellent Dec-23 results | Fund raise | Capacity expansion | Acquisition | Geographical expansion | Promoter buying | Railways

  • MCap of INR 13,762 Crore (share price = INR 761 / share) (as on 20th Feb ‘24)
  • TTM PE 43.6x (as on 20th Feb ‘24) Retail float = 10.6% (Dec-23)

What are the products and services of Ramkrishna Forgings?

Ramkrishna Forgings Ltd. is involved in the manufacturing & sale of forged components of automobiles, railway wagons & coaches and engineering parts. It is a supplier to various sectors like Automotive, Railways, Farm Equipment, Bearings, Oil & Gas, Power and Construction, Earth Moving & Mining, both in India & overseas.

Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at Sovrenn Education 

AVG Logistics Ltd.

Recent filing: (DIVESTMENT) AVG Logistics Ltd. is partially liquidating its investment from existing JV NDR AVG Business Park Private Limited which was a prime warehouse project in New Delhi.

NDR Warehousing Private Limited (NDR) is the Joint Venture Partner of AVG Logistics through a Joint venture company namely NDR-AVG Business Park Private Limited formed in the year 2018. In this JV, AVG holds 35% shareholding and NDR holds 65% shareholding.

In a significant development, AVG Logistics Limited has divested 69% of its investment at the consideration of INR 22 Cr and cost of which was INR 6.8 Cr and resultantly AVG has made a profit of INR 15.2 Cr in Q4 FY24 from this transaction, further AVG will retain an original investment of INR 3.06 Cr through units in NDR InvIT Trust, currently valued at INR 9.95 Cr. The proceeds from this transaction will be utilized towards (i) working capital requirements to drive further business growth, towards paying down debt resulting in decrease in interest expenses & improve profitability and general corporate purposes.

SUMMARY: 3y Operating Profit uptrend | PE 37.4x (Sector PE range 10-40) | Excellent Dec-23 results | Fund raise | Fleet expansion | Institutional entry | Promoter buying | Strategic JV

  • MCap of INR 552 Crore (share price = INR 469 / share) (as on 20th Feb ‘24)
  • TTM PE 37.4x (as on 20th Feb ‘24) Retail float = 13.0% (Dec-23)

What are the products and services of AVG Logistics ?

Incorporated in 2010, Delhi based AVG Logistics Limited is a third-party logistics service operator. The Company offers Full Truck Load and hub-and-spoke transportation model and warehousing services to select clients with the pan-India distribution network and automated technology systems. It offers its customers services in three key areas Transportation, Warehousing and Value-added Services. The Company specializes in two of the most important functions of logistics, Transportation and Warehousing, with over 50 fully computerized branches all over India. Some of the renowned brands are its clients, like Nestle, ITC, Mondelez, GSK, Amara Raja, Airtel, MRF, Mother Dairy, UltraTech Cement, Coca Cola, IGNOU, Patanjali, etc.

Also Read: Basilic Fly Studio Order, Satin Creditcare Business Update And Techknowgreen Order