KP Green Engineering Excellent Results, Premier Explosives Fund Raise And Systango Technologies Order
KP Green Engineering Ltd.
Recent filing: (EXCELLENT RESULTS) For the half year ending Mar-24 for KP Green Engineering, Sales up 4.6x YoY from INR 53 Cr in Mar-23 to INR 245 Cr in Mar-24. Similarly, Net Profit up 4.8x from INR 5 Cr to INR 24 Cr. On a HoH basis, Sales up 2.4x and Net Profit up 2.2x.
SUMMARY: 3y Operating Profit uptrend | 2 Semi Annual Operating Profit uptrend | PE 72.2x (Sector PE range 30-60) | Excellent Mar-24 results | Institutional Entry | Capacity Expansion | Capital Goods
- MCap of INR 2,527 Crore (share price = INR 505 / share) (as on 22nd Apr ‘24)
- TTM PE 72.2x (as on 22nd Apr ‘24) Retail float = 10.3% (Mar-24)
FOOD FOR THOUGHT: Negative operating cashflow for FY24.
What are the products and services of KP Green Engineering?
KP Green Engineering offers comprehensive solutions all under one roof, specializing in engineering and steel structure manufacturing.
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Premier Explosives Ltd.
Recent filing: (FUND RAISE) Board of Premier Explosives has considered and approved the raising of funds upto INR 400 Cr through issuance of instruments or security including equity shares or any other eligible securities by way of one or more public and/or private offerings including on a preferential allotment basis and/or a qualified institutions placement and/or rights issue and/or further public offering.
SUMMARY: 4y Operating Profit uptrend | PE 112x (Sector PE range 50-100) | Strategic Partnerships | Capacity Expansion | Large Order | Orderbook INR 1026 Cr (as of Dec-23), 4.3x of TTM Revenue | Fund Raise | Defence
- MCap of INR 2,690 Crore (share price = INR 2,500 / share) (as on 22nd Apr ‘24)
- TTM PE of 112x (as on 22nd Apr ‘24) Retail float = 23.9% (Mar-24)
FOOD FOR THOUGHT: Price of ammonium nitrate (key raw material used in manufacturing commercial explosives) can be volatile, Company does not have pass through clauses in the contracts with clients.
What are the products and services of Premier Explosives?
Incorporated in 1980, Premier Explosives Limited is engaged in the business of manufacturing explosives and detonators with totally indigenous technology. It has widest range of products and technologies including Emulsion and Slurry Explosives, LD Cartridge Explosives, Bulk Explosives, Permitted Explosives, Plain Detonators, Electric Delay Detonators, Permitted Detonators etc.
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Systango Technologies Ltd.
Recent filing: (ORDER) Systango Technologies has onboarded a global marketing operations and technology consultancy as a new client. This client is a leader in Data Science and MarTech and works in more than 20 countries and has access to several global giants, including Zoom, Cisco, and Google, etc. Company has secured a contract through this client to work with a Fortune 500 enterprise.
SUMMARY: 4y Operating Profit uptrend | PE 25.2x (Sector PE range 30-50) | Partnerships | New-age IT
- MCap of INR 448 Crore (share price = INR 305 / share) (as on 22nd Apr ‘24)
- TTM PE 25.2x (as on 22nd Apr ‘24) Retail float = 13.6% (Sep-23)
FOOD FOR THOUGHT: In September '23, Ashish Kacholia held a 1.1% stake in the company, but by March '24, his shareholding had decreased to less than 1% or possibly even to 0%.
What are the products and services of Systango Technologies?
Incorporated in 2004, Systango is engaged in business of providing various software solutions including mobile app development, web development, enterprise application development, digital marketing, CRM solutions, consultancy services, etc.
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