Krishna Defence And Senco Gold Good to Excellent Results, S J Logistics Excellent Results
Krishna Defence & Allied Industries Ltd.
Recent filing: (GOOD TO EXCELLENT RESULTS) For the half year ending Mar-24 for Krishna Defence, Sales up 61% YoY from INR 44 Cr in Mar-23 to INR 71 Cr in Mar-24. Similarly, Net Profit up 75% from INR 4 Cr to INR 7 Cr. On a HoH basis, Sales up 2x and Net Profit up 2.3x.
SUMMARY: 4y Operating Profit uptrend | 2 semi-annual Operating Profit uptrend | PE 76.5x (Sector PE range 50-100) | Excellent Mar-24 results | Large Order | Partnership | Fund raise | Ace Investor | Defence
- MCap of INR 749 Crore (share price = INR 546 / share) (as on 27th May ‘24)
- TTM PE 76.5x (as on 27th May ‘24) Retail float = 13.5% (Mar-24)
FOOD FOR THOUGHT: Highly competitive sector
What are the products and services of Krishna Defence & Allied Industries?
Krishna Defence & Allied Industries has comprehensive in-house capabilities of designing, developing and manufacturing a wide range of equipment for defence, security, dairy and mega kitchen verticals. Its clientele includes Indian Army, DRDO, Goa Shipyard, Amul, Keventers etc.
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Senco Gold Ltd.
Recent filing: (GOOD TO EXCELLENT RESULTS) For the quarter ending Mar-24 for Senco Gold, Sales up 40% YoY from INR 814 Cr in Mar-23 to INR 1137 Cr in Mar-24. Similarly, Net Profit up 23% from INR 26 Cr to INR 32 Cr. Comparison is not valid on a QoQ basis.
SUMMARY: 3y Operating Profit uptrend | PE 37.6x (Sector PE range 30-70) | Excellent Mar-24 results | Institutional Entry | New Showrooms | Geographical Expansion | Consumption
- MCap of INR 6,802 Crore (share price = INR 875 / share) (as on 27th May ‘24)
- TTM PE of 37.6x (as on 27th May ‘24) Retail float = 7.0% (Mar-24)
FOOD FOR THOUGHT: Company operates 75 company-owned and 61 franchise stores. Half of company-owned stores are in West Bengal, generating 67% of FY23 revenues. This poses geographical concentration risk, but it's decreasing with plans to expand outside West Bengal.
What are the products and services of Senco Gold?
Senco Gold is the largest organized jewellery retail player in the eastern region of India. It primarily sells gold and diamond jewellery and also sells jewellery made of silver, platinum and precious and semi-precious stones and other metals. Other offerings of the company includes costume jewellery, gold and silver coins and utensils made of silver.
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S J Logistics (India) Ltd.
Recent filing: (EXCELLENT RESULTS) Sales up 2x YoY from INR 134 Cr in FY ‘23 to INR 271 Cr in FY ‘24. Similarly, Net Profit up 2.9x from INR 8 Cr to INR 23 Cr.
SUMMARY: 3y Operating Profit uptrend | PE 27.9x (Sector PE range 10-40) | Excellent Mar-24 results | Ace Investor | Institutional Entry | IPO | Logistics
- MCap of INR 630 Crore (share price = INR 435/share) (as on 27th May ‘24)
- TTM PE of 27.9x (as on 27th May ‘24) Retail float = 19.5% (Mar ‘24)
FOOD FOR THOUGHT: Highly competitive sector
What are the products and services of S J Logistics?
The Company specializes in logistics and supply chain solutions, offering services like freight forwarding, custom clearance, and transportation handling.