Kore Digital Large Order, Tara Chand Infralogistic Solutions Asset Purchase And J Kumar Infraprojects Large Order

Kore Digital Ltd.

Recent filing: (ORDER) Kore Digial has secured a prestigious contract (as a part of JV with OSR Teleservices) to undertake the laying of optic fiber cable ducts and other vital telecom infrastructure along the Mumbai Nagpur Samruddhi Highway. The project is having a concession period of 15 years, which is extendable for an additional 10 years, highlighting its long-term nature.

Based on the prevailing approved rates set by the Maharashtra State Road Development Corporation (MSRDC), the anticipated annual revenue from this project stands at INR 130 Cr, with a projected net yield surpassing INR 1,500 Cr upon completion. This strategic initiative should significantly enhance Kore Digital's net profit margin, exceeding the current projections.

SUMMARY: 4y Operating Profit uptrend | PE 48.8x (Sector PE range 30-50) | Excellent Dec-23 results | Fund raise | Large Order | Partnerships | Ace Investor | Promoter Buying | Telecom (5G) Infra

  • MCap of INR 420 Crore (share price = INR 1,194 / share) (as on 19th Mar ‘24)
  • TTM PE 48.8x (as on 19th Mar ‘24) Retail float = 20.1% (Dec-23)

What are the products and services of Kore Digital Ltd.?

Kore Digital is a passive telecommunication infrastructure provider based in Maharashtra. Their primary focus is on installing and commissioning poles, towers and optical fiber cable systems in the region.

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Tara Chand Infralogistic Solutions Ltd.

Recent filing: (ASSET PURCHASE) Tara Chand Infralogistic Solutions has signed a new Annual Purchase Plan for the upcoming FY25 with Zoomlion India Pvt Ltd (wholly owned Indian subsidy of Zoomlion Heavy Industry, China). The projected expenditure for the proposed purchase plan amounts to INR 160 Cr. It will encompass the acquisition of heavy-duty large cranes and aerial working platforms equipped with cutting-edge technologies necessary to address the escalating demands within India's burgeoning economy. As of December 31, 2023, the monthly rental returns from such assets were recorded at 2.5%.

SUMMARY: 2y Operating Profit uptrend | 5q Operating Profit uptrend | PE 19.7x (Sector PE range 10-40) | Fund Raise | Asset Expansion | Orderbook INR 316 Cr (6th Mar 2024, 1.9x of TTM revenue)

  • MCap of INR 235 Crore (share price = INR 166 / share) (as on 19th Mar ‘24)
  • TTM PE 19.7x (as on 19th Mar ‘24) Retail float = 11.2% (Sep-23)

What are the services of Tara Chand Infralogistic Solutions ?

Tarachand Infralogistic Solutions is serving the infra development and industrial capacity expansion needs of India through its three verticals: Warehousing & Multi-modal Transportation, Construction Equipment Rental, and Turnkey Infra-Project Execution for four decades now.

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J Kumar Infraprojects Ltd.

Recent filing: (ORDER) J Kumar Infraprojects has been awarded a Letter of Acceptance valued at INR 334 Cr as the sole bidder by NBCC (India) Limited. This LoA pertains to the project “Development of Hari Nagar Depot of Delhi Transport Corporation (DTC) in Delhi at Hari Nagar, New Delhi on EPC basis", to be executed over 2 years.

SUMMARY: 3y Operating Profit uptrend | 6q Operating Profit uptrend | PE 14.7x (Sector PE range 8-25) | Excellent Dec-23 results | Healthy orderbook of INR 16,744 Cr as of Dec 2023, 3.7x of TTM Revenue | Ace Investor | Fund entry | Railways Infra

  • MCap of INR 4,444 Crore (share price = INR 587 / share) (as on 19th Mar ‘24)
  • TTM PE 14.7x (as on 19th Mar ‘24) Retail float = 11.0% (Dec-23)

What are the products and services of J Kumar Infraprojects ?

JKumar Infraprojects is engaged in the business of constructing Flyovers, Bridges & Roads, Skywalks, Urban infra, Dams & Canals, Underground Metro and Railways. Its executed projects include Mumbai Metro line 7 and 2A, Delhi Underground Metro, Ahmedabad metro, Grant Road Skywalk etc.