Knowledge Marine Order, Cosmic CRF Acquisition And Srivasavi Adhesive Tapes Capacity expansion

Knowledge Marine & Engineering Works Ltd.

Recent filing: (ORDER) Knowledge Marine & Engineering Works Ltd., working through its subsidiary 'Knowledge Dredging Co. W.L.L.' situated in Bahrain, has been granted a commercial registration with License by the Bahrain Ministry of Industry and Commerce, specifically for the extraction of marine sand. The commencement of operations is scheduled for January 2024.

SUMMARY: 6y Operating Profit uptrend | 6 semi-annual Operating Profit uptrend | PE 37.4x (Sector PE range NA) | Ace Investor

  • MCap of INR 1,797 Crore (share price = INR 1,664 / share) (as on 7th Dec ‘23)
  • TTM PE of 37.4x (as on 7th Dec ‘23) Retail float = 10.5% (Sep-23)

What are the Products and Services of Knowledge Marine?

Established in 2015, Knowledge Marine & Engineering Works Ltd. 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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Cosmic CRF Ltd.

Recent filing: (ACQUISITION) Committee of Creditors has approved the Resolution Plan of the Company for acquisition of N. S. Engineering Projects Private Limited under the Insolvency & Bankruptcy Code. Target is in a similar line of business, engaged in the business of Manufacturing Cold Roll Forming Products, Sheet Piles, High Mast Poles and Galvanizing of Iron & Steel Products and other Fabrication Works etc. However, presently, the Plant of NSEPPL is not under operation. The acquisition will help Cosmic CRF to increase its presence nationwide in the said segment and increase production capacity at a combined level. Total consideration for the acquisition is INR 28.8 Cr, payable in cash. FY23 revenue of the Target was INR 92 Cr.

SUMMARY: 1y Operating Profit uptrend | 2 semi-annual Operating Profit uptrend | PE 21.4x (Sector PE range 40-70) | Excellent Sep-23 results | Strategic acquisition | Railways

  • MCap of INR 257 Crore (share price = INR 372 / share) (as on 7th Dec ‘23)
  • TTM PE of 21.4x (as on 7th Dec ‘23) Retail float = 22.7% (Sep-23)

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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Srivasavi Adhesive Tapes Ltd.

Recent filing: (CAPACITY EXPANSION) Commercial Production of UNIT 4, situated at Vadodara, Gujarat, has started successfully w.e.f. 7th December 2023. This addition for production of Electrical insulation category Products along with existing product range will allow the Company to serve local customers with faster deliveries and capture more business from them. This facility has capacity of more than 200 thousand square meter of production capacity per month, In value more than INR 30 Cr of annual turnover.

SUMMARY: 4y Operating Profit uptrend | 2 semi-annual Operating Profit uptrend | PE 51.5x (Sector PE range 30-60) | Capacity expansion | Ace Investor | Capital goods

  • MCap of INR 235 Crore (share price = INR 166 / share) (as on 7th Dec ‘23)
  • TTM PE of 51.5x (as on 7th Dec ‘23) Retail float = 15.7% (Sep-23)

What are the Products and Services of Srivasavi Adhesive Tapes?

Srivasavi Adhesive Tapes is engaged in the manufacturing / coating, converting and die cuts of industrial speciality self-adhesive tapes. It serves a wide range of pressure sensitive adhesive tapes, eco-friendly paper tapes, filament tapes, double side tapes, packaging tapes etc. for the use of various sectors including automotive, defence, aerospace, print & media, FMCG, furniture, construction, etc.

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