Knowledge Marine & Engineering Works Order, RMC Switchgears Capacity Expansion And Qualitek Labs Order

Knowledge Marine & Engineering Works Ltd.

Recent filing: (ORDER) Knowledge Marine & Engineering Works has received an order worth INR 98 Cr from Inland Waterways Authority of India for Maintenance dredging of Farakka-Kahalgaon (146 KM) stretch of River Ganga, to be completed over 3y.

SUMMARY: 6y Operating Profit uptrend | 6 semi-annual Operating Profit uptrend | PE 32.6x (Sector PE range NA) | Ace Investor | Institutional Entry

  • MCap of INR 1,566 Crore (share price = INR 1,450 / share) (as on 12th Mar ‘24)
  • TTM PE of 32.6x (as on 12th Mar ‘24) Retail float = 10.5% (Sep-23)

What are the Products and Services of Knowledge Marine & Engineering Works ?

Established in 2015, Knowledge Marine is involved in the dredging and small-craft business segment in India. In the last 5 years, it has evolved from a small ship-repair unit to a dredging and ship-owning company.

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RMC Switchgears Ltd.

Recent filing: (CAPACITY EXPANSION) RMC Switchgears announced the expansion of its manufacturing capacity for SMC Smart Metering Enclosures mainly to cater to the rising demand from AMISP (Advanced Metering Infrastructure for Smart Payment) Projects. The enhancement will enlarge production capacity by additional 300,000 enclosures annually. The projected capital expenditure for this expansion is estimated between INR 7-10 Cr, which will be funded through the Company’s own reserves and term loans.

SUMMARY: 2y Operating Profit uptrend | PE 30.6x (Sector PE range 30-60) | Capacity Expansion | Institutional Entry | RDSS

  • MCap of INR 419 Crore (share price = INR 406 / share) (as on 12th Mar ‘24)
  • TTM PE of 30.6x (as on 12th Mar ‘24) Retail float = 23.6% (Sep-23)

What are the Products and Services of RMC Switchgears ?

Incorporated in 1994, RMC Switchgear manufactures and designs enclosures of Energy Meters, LT/HT Distribution Boxes and Panels, Junctions Boxes, Feeder Pillars and Power Distribution and Circuit Protection Switchgears. It also undertakes works of laying energy transmission lines and establishing electric substations, fixing of new meters and shifting of existing meters.

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Qualitek Labs Ltd.

Recent filing: (ORDER) Qualitek Labs has received work order of INR 10 Cr per annum for sampling and quality certification of coal dispatch at various coal mines. The validity of these work orders will be 3.5 years. Company has also received work order of INR 3.2 Cr for its Automobile and Defence segments. These work order may increase or decrease as per the production and consumption side.

SUMMARY: 3y Operating Profit uptrend | PE 33.2x (Sector PE range 30-50) | Ace Investor | IPO

  • MCap of INR 116 Crore (share price = INR 157 / share) (as on 12th Mar ‘24)
  • TTM PE 33.2x (as on 12th Mar ‘24) Retail float = 19.8% (Jan-24)

What are the Products and Services of Qualitek Labs ?

Company offers complete one stop end-to-end testing solutions to evaluate automotive material, components, assemblies and full vehicle as per Indian and International standards like ASTM, IS, ISO, JIS, BS, EN, SAE, FMVSS, DIN, VDA, Specific OEM Standards etc.

Also Read: Cosmic CRF Order, Patel Engineering Project Inauguration And K.P. Energy Large Order