Marine Electricals Order, RedTape And Waaree Renewables Partnership

Marine Electricals (India) Ltd.

Recent filing: (ORDER) Marine Electricals (India) Ltd. has received an order worth INR 31.85 Cr, including 5 years AMC amounting to INR 6 Cr. Order is from the Ministry of Defence for Procurement of 6 Integrated Bridge System (IBS) for TEG and Shivalik Classes of Ships. The delivery shall be over a period of 36 months.

SUMMARY: 5y Operating Profit uptrend | PE 68.4x (Sector PE range 30-60) | Excellent Sep-23 results | Capital goods

  • MCap of INR 1,315 Crore (share price = INR 102 / share) (as on 29th Dec ‘23)
  • TTM PE 68.4x (as on 29th Dec ‘23) Retail float = 21.7% (Oct-23)

What are the Products and Services of 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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RedTape Ltd.

Recent filing: (PARTNERSHIP) RedTape Ltd. has entered into Strategic, Marketing & Technical tie-up with Open Network for Digital Commerce (ONDC) for marketing its products. The ONDC, an initiative of the Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry, which enable local commerce across segments, such as mobility, grocery, food order and delivery, hotel booking and travel, among others, to be discovered and engaged by any network-enabled application. This platform aims to create new opportunities, curb digital monopolies by supporting & providing online platforms, between buyer & seller.

SUMMARY: 2y Operating Profit uptrend | PE 39.4x (Sector PE range 30-70) | Geographical expansion | Partnerships | Consumption

  • MCap of INR 6,430 Crore (share price = INR 465 / share) (as on 29th Dec ‘23)
  • TTM PE 39.4x (as on 29th Dec ‘23) Retail float = 12.5% (Sep-23)

What are the Products and Services of RedTape?

RedTape is known for emerging as one of the Finest Brands of Footwear and Clothing for Men, Women and Kids. It has emerged as a complete Family Fashion Destination by providing the Best International Styles and World-Class Quality through Shoes, Apparels and Accessories for all age groups. It owns a Portfolio of Well-Recognized Brands: RedTape, MODE (RedTape London), Bond Street (RedTape London). The Company got demerged from Mirza International in Aug 2023.

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Waaree Renewables Technologies Ltd.

Recent filing: (PARTNERSHIP) Waaree Renewables Technologies Ltd. announced a Long Form Heads of Agreement with 5B Industries, an innovative solar solution company, to accelerate the deployment of utility-grade solar power locally in India as well as in international markets with a US-compliant supply chain. The collaboration will open avenues for the commercialization of the innovative 5B Maverick solar product, allowing for localization, scalable production, and competitive deployment in India, with the aim of supplying to both local and international developers as well as EPC companies.

SUMMARY: 4y Operating Profit uptrend | PE 61.4x (Sector PE range 30-50) | Excellent Sep-23 results | Clean Energy | Unexecuted order book at 897+MW as of Sep 2023

  • MCap of INR 4,112 Crore (share price = INR 1,974 / share) (as on 29th Dec ‘23)
  • TTM PE 61.4x (as on 29th Dec ‘23) Retail float = 13.6% (Sep-23)

What are the Products and Services of Waaree Renewables?

Waaree Renewables Technologies is the flagship company of Waaree Group, founded in 1989 with headquarters in Mumbai, India. It has India's largest Solar PV Module manufacturing capacity of 12 GW at its plant in Gujarat. The company is amongst the top players in India in solar panel manufacturing, EPC services, project development, rooftop solutions, solar water pumps and is also an independent power producer.

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