Ksolves India Good to Excellent Results, Marine Electricals Fund Raise And EMS Order
Ksolves India Ltd.
Recent filing: (GOOD TO EXCELLENT RESULTS) For the quarter ending Jun-24 for Ksolves India, Sales up 32% YoY from INR 23.8 Cr in Jun-23 to INR 31.5 Cr in Jun-24. Similarly, Net Profit up 17% from INR 7.6 Cr to INR 8.9 Cr. On a QoQ basis, Sales up 3% and Net Profit down 5%.
Summary: 5y Operating Profit uptrend | 7q Operating Profit uptrend | PE 37.0x (Sector PE range 30-50) | Excellent Jun-24 results | IT
FUTURE OUTLOOK: As per FY24 Concall, Company looking at a 35% growth rate which would require a 40% increase in headcount.
- MCap of INR 1,318 Crore (share price = INR 1,111 / share) (as on 22nd Jul ‘24)
- TTM PE of 37.0x (as on 22nd Jul ‘24) Retail float = 25.8% (Jun-24)
FOOD FOR THOUGHT: Scalability is limited due to intense competition.
Q1. What are the Products and Services offered by Ksolves India?
Founded in 2014, Ksolves is a software services and product company. Company is engaged in software development, enterprise solutions and consulting, providing IT solutions to companies across sectors such as Real Estate, E-commerce, Finance, Telecom and Healthcare etc.
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Marine Electricals (India) Ltd.
Recent filing: (FUND RAISE) Board Meeting of Marine Electricals (India) to be held on 24-Jul-2024 to consider Fund raising.
SUMMARY: 5y Operating Profit uptrend | 3q Operating Profit uptrend | PE 129x (Sector PE range 30-60) | Excellent Mar-24 results | Capital goods
- MCap of INR 3,322 Crore (share price = INR 250 / share) (as on 22nd Jul ‘24)
- TTM PE 129x (as on 22nd Jul ‘24) Retail float = 18.2%(Jun-24)
FOOD FOR THOUGHT: PE is above sector range | Negative Operating cash flow for FY24
Q2. What are the Products and Services offered by Marine Electricals?
Marine Electricals (India) Limited is an integrated technical services provider in the fields of electrical automation and information and communication technology solutions. It is into marine, industrial and renewable energy solutions.
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EMS Ltd.
Recent filing: (ORDER) EMS has received a letter of Acceptance (LoA) worth INR 535 Cr for Development of Water Supply and Sewerage System with 18 years O&M in Vikas Nagar Dehradun, Uttarakhand. Here, EMS is having 95 % share with the Other JV Partner.
SUMMARY: 4y Operating Profit uptrend | PE 24.9x (Sector PE range 20-50) | Excellent Mar-24 results | Institutional entry | Large Order | EPC
FUTURE OUTLOOK: As per the Q3FY24 Concall, Company expects 35% growth in revenue for FY25 keeping the margins same.
- MCap of INR 3,790 Crore (share price = INR 682 / share) (as on 22nd Jul ‘24)
- TTM PE 24.9x (as on 22nd Jul ‘24) Retail float = 16.8% (Mar-24)
FOOD FOR THOUGHT: Negative Operating cash flow for FY ’24.
Q3. What are the Products and Services offered by Marine Electricals?
EMS Limited is a multi-disciplinary EPC company, headquartered in Delhi that specializes in providing turnkey services in water and wastewater collection, treatment and disposal. EMS provides complete, single-source services from engineering and design to construction and installation of water, wastewater and domestic waste treatment facilities.
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