Khazanchi Jewellers And Ritco Logistics Good to Excellent Results, Shree OSFM E-Mobility Excellent Results
Khazanchi Jewellers Ltd.
Recent filing: (GOOD TO EXCELLENT RESULTS) For the half year ending Mar-24 for Khazanchi Jewellers, Sales up 68% YoY from INR 247 Cr in Mar-23 to INR 415 Cr in Mar-24. Similarly, Net Profit up 100% from INR 6 Cr to INR 12 Cr. Comparison is not valid on a HoH basis.
SUMMARY: 4y Operating Profit uptrend | 3h Operating Profit uptrend | Excellent Mar-24 results | PE 36.9x (Sector PE range 30-70) | Promoter buying | IPO | Consumption
- MCap of INR 1,008 Crore (share price = INR 408 / share) (as on 24th May ‘24)
- TTM PE 36.9x (as on 24th May ‘24) Retail float = 6.5% (Mar-24)
FOOD FOR THOUGHT: Margins are too low | Highly competitive sector
What are the products and services of Khazanchi Jewellers?
Khazanchi Jewellers, based in Tamil Nadu, Chennai, India, specializes in a wide array of jewelry products and offers a range that includes gold, diamonds, and precious stones, as well as exquisite fancy jewelry. The offerings also encompass sought-after bullion items like coins and bars. Serving as a pivotal player in both wholesale and retail markets.
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Shree OSFM E-Mobility Ltd.
Recent filing: (EXCELLENT RESULTS) Sales up 44% YoY from INR 82 Cr in FY23 to INR 118 Cr in FY24. Similarly, Net Profit up 2.7x from INR 3 Cr to INR 8 Cr.
SUMMARY: 3y Operating Profit uptrend | Excellent Mar-24 results | PE 24.7x (Sector PE range 30-60) | IPO | Travel Services
- MCap of INR 200 Crore (share price = INR 140 / share) (as on 24th May ‘24)
- TTM PE 24.7x (as on 24th May ‘24) Retail float = 13% (Mar-24)
FOOD FOR THOUGHT: Highly competitive sector.
What are the products and services of Shree OSFM E-Mobility?
With over 21 years of experience, the company provides employee transportation services to major MNCs across India's key cities. Operating an asset-light model, it manages a fleet of 1400+ vehicles, including small cars, sedans, SUVs, luxury cars, and buses, with 173 owned and the rest leased. The company serves 42 sites in 10 cities, including Mumbai, Pune, Bengaluru, and Delhi. Clients include prominent BPM firms like JP Morgan, Morgan Stanley, Capgemini, and Accenture.
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Ritco Logistics Ltd.
Recent filing: (GOOD TO EXCELLENT RESULTS) For the quarter ending Mar-24 for Ritco Logistics, Sales up 28% YoY from INR 197 Cr in Mar-23 to INR 252 Cr in Mar-24. Similarly, Net Profit up 47% from INR 5.9 Cr to INR 8.7 Cr. On a QoQ basis, Sales up 5% and Net Profit remained flat.
SUMMARY: 1y Operating Profit uptrend | 5q Operating Profit uptrend | Excellent Mar-24 results | PE 19.3x (Sector PE range 10-40) | Promoter Buying | Fund raise | Logistics
- MCap of INR 629 Crore (share price = INR 257 / share) (as on 24th May ‘24)
- TTM PE 19.3x (as on 24th May ‘24) Retail float = 9.2% (Mar-24)
FOOD FOR THOUGHT: Highly competitive sector
What are the products and services of Ritco Logistics?
RITCO, founded in 1996, excels in providing top-tier logistics services with over 25 years of experience. The company, ISO 9001:2000 certified and registered with Dun and Bradstreet, boasts a team of over 1000 professionals. Renowned for innovation and personalized solutions, RITCO addresses supply chain challenges with precision and customer satisfaction. In the post-COVID era, they have embraced contactless delivery, utilizing advanced technology to streamline India's transportation networks.