Krishna Defence And Tara Chand Infralogistic Order, MOS Utility Fund Raise

Krishna Defence & Allied Industries Ltd.

Recent filing: (ORDER) Krishna Defence & Allied Industries has secured first order worth INR 89 Cr for the supply of Special Steel Products for construction of Coast Guard Vessels, to be executed over 8 months.

SUMMARY: 4y Operating Profit uptrend | 2 semi-annual Operating Profit uptrend | PE 83.6x (Sector PE range 50-100) | Large Order | Fund raise | Ace Investor | Defence

  • MCap of INR 526 Crore (share price = INR 428 / share) (as on 4th Apr ‘24)
  • TTM PE 83.6x (as on 4th Apr ‘24) Retail float = 15.4% (Dec-23)

FOOD FOR THOUGHT: Negative operating cash flow in FY23

What are the products and services of Krishna Defence?

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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Tara Chand Infralogistic Solutions Ltd.

Recent filing: (ORDER) Tara Chand Infralogistic Solutions has been awarded a new contract worth INR 6.8 Cr for deployment of various lifting capacity cranes at the Ambuja Cement Plant (Adani Group) in Chhattisgarh. Company will provide cranes from 75MT to 800MT lifting capacity for periods of 6-12 months, which are further extendable as per site requirements. This order to be executed within FY2024-25.

SUMMARY: 2y Operating Profit uptrend | 5q Operating Profit uptrend | PE 23.1x (Sector PE range 10-40) | Fund Raise | Asset Expansion | Orderbook INR 316 Cr (6th Mar 2024, 1.9x of TTM revenue)

  • MCap of INR 272 Crore (share price = INR 193 / share) (as on 4th Apr ‘24)
  • TTM PE 23.1x (as on 4th Apr ‘24) Retail float = 11.2% (Sep-23)

FOOD FOR THOUGHT: Company’s equipment rental business requires continuous sizeable capex to be incurred, leading to high capital requirements

What are the products and services of Tara Chand Infralogistic?

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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MOS Utility

Recent filing: (FUND RAISE) Board Meeting of MOS Utility is to be held on 10-Apr-2024 to consider and approve Fund raising/Other Business.

SUMMARY: 3y Operating Profit uptrend | 3 periods semi-annual Operating Profit uptrend | PE 42.2x (Sector PE range 50-100) | Excellent Sep-23 results | Fund raise | Institutional entry | Acquisitions

  • MCap of INR 403 Crore (share price = INR 162 / share) (as on 4th Apr ‘24)
  • TTM PE 42.2x (as on 4th Apr ‘24) Retail float = 11.6% (Sep-23)

FOOD FOR THOUGHT: Technology disruption | Adverse regulatory changes in fintech space could impact business

What are the products and services of MOS Utility?

MOS Utility is engaged in the business of providing technology enabled digital products and services in the B2C, B2B and financial technology arena through an integrated business model. It provides business opportunities to shopkeepers, retailers, students etc. to start their own online e-commerce business. It operates under seven business segments namely – Banking, Travel, Insurance, Utility Service, Entertainment Services, Franchisee and Other Services. It has over 1.6 Lakh network distributors which includes distributors, agents and master distributors. The company has largest network of distributors in Maharashtra with over 50K network distributors.

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