Krishca Strapping Solutions Fund Raise, Chatha Foods Bulk Deal And Durlax Top Surface Order

Krishca Strapping Solutions Ltd.

Recent filing: (FUND RAISE) Board of Krishca Strapping Solutions has approved the issuance of 21.2L equity shares at INR 233/share, aggregating to INR 49.4 Cr to non-promoters and 8L warrants at INR 233/share, aggregating to INR 18.6 Cr to promoter and non-promoter.

SUMMARY: 4y Operating Profit uptrend | PE 37.3x (Sector PE range 30-60) | Excellent Mar-24 results | Capacity expansion | Fund Raise | Ace Investor | Promoter buying | Industrial Products

FUTURE OUTLOOK: Company is targeting a 20% overall growth in revenue for FY25, including both domestic and export markets and focusing on 25% top line growth for the next five years.

  • MCap of INR 493 Crore (share price = INR 409 / share) (as on 3rd Jul ‘24)
  • TTM PE 37.3x (as on 3rd Jul ‘24) Retail float = 20.5% (Mar-24)

FOOD FOR THOUGHT: Volatility in Raw Material (steels) can impact profit margins.

What are the products and services of Krishca Strapping Solutions?

Krishca Strapping Solutions is engaged in the business of manufacturing and trading/ wholesale of Strapping Tools and Strapping Seals. Steel strapping is highly effective packaging consumable for packing heavy loads, especially in the steel industry.

Finding multibagger stocks is important for building wealth. Discover potential multibaggers at Sovrenn Discovery 

Chatha Foods Ltd.

Recent filing: (BULK DEAL) Frigerio Conserva Allana bought 2.8 L shares of Chatha Foods at INR 104/share, aggregating to INR 2.9 Cr.

SUMMARY: 3y Operating Profit uptrend | PE 41.8x (Sector PE range: 30-100) | Capacity expansion | New products | Geographical expansion of distribution | Institutional Entry | IPO | Consumption

  • MCap of INR 258 Crore (share price = INR 115 / share) (as on 3rd Jul ‘24)
  • TTM PE 41.8x (as on 3rd Jul ‘24) Retail float = 6.5% (Mar-24)

FOOD FOR THOUGHT: Top 5 customers contribute to 93% of revenues

What are the products and services of Chatha Foods?

Founded in 1997, Chatha Foods is one of India’s recognised frozen food processors, serving top QSRs (Quick Serving Restaurants), CDRs (Casual Dining Restaurants), and other players in the HoReCa (Hotel-Restaurant-Catering) segment. Company’s manufacturing facilities and systems are BRC Certified.

Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at Sovrenn Education 

Durlax Top Surface Ltd.

Recent filing: (ORDER) Durlax Top Surface has completed the manufacturing of a significant order worth INR 1.3 Cr for Larsen & Turbo. This order comprises Solid surface sheet intended for their prestigious project in New Delhi.

SUMMARY: 3y Operating Profit uptrend | Excellent Mar-24 results | PE 27.6x (Sector PE range 30-60) | Building Material I IPO I Institutional Entry

  • MCap of INR 140 Crore (share price = INR 84.0/ share) (as on 3rd Jul ‘24)
  • TTM PE 27.6x (as on 3rd Jul ‘24) Retail float = NA

FOOD FOR THOUGHT: Negative operating cash flows for FY24.

What are the products and services of Durlax Top Surface?

Durlax Top Surface Ltd, formerly known as Durlax India Private Limited, specializes in the manufacturing and distribution of solid surface materials. With over a decade of experience in the solid surface business, Durlax has established two prominent brands: Luxor and Aspiron.

Also Read: Taylormade Renewables International Accreditation for Water Credit, Apar Industries Fund Raise And Greenlam Industries Increase in Fixed Assets