Megatherm Induction, J Kumar Infraprojects, Krishca Strapping Solutions Good to Excellent Results
Megatherm Induction Ltd.
Recent filing: (GOOD TO EXCELLENT RESULTS) For the half year ending Mar-24 for Megatherm Induction, Sales up 18% YoY from INR 135 Cr in Mar-23 to INR 159 Cr in Mar-24. Similarly, Net Profit up 2.1x from INR 6.3 Cr to INR 13.1 Cr. On a HoH basis, Sales up 8% and Net Profit up 63%.
SUMMARY: 2y Operating Profit uptrend | PE 32.6x (Sector PE range30-60) | Excellent Mar-24 results | Capacity expansion | Ace Investor | IPO | Industrial Products
- MCap of INR 676 Crore (share price = INR 359 / share) (as on 29th May ‘24)
- TTM PE 32.6x (as on 29th May ‘24) Retail float = 15.2% (Mar-24)
FOOD FOR THOUGHT: Highly competitive sector.
What are the products and services of Megatherm Induction?
Megatherm Induction specializes in manufacturing induction heating and melting products, including induction melting furnaces and induction heating equipment. Additionally, it produces various plant and machinery for steel melt shops, such as transformers, ladle refining furnaces, continuous casting machines, and fume extraction systems. The company also manufactures electric arc furnaces for alloys and special steel making industries.
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J Kumar Infraprojects Ltd.
Recent filing: (GOOD TO EXCELLENT RESULTS) For the quarter ending Mar-24 for J Kumar Infraprojects, Sales up 26% YoY from INR 1134 Cr in Mar-23 to INR 1425 Cr in Mar-24. Similarly, Net Profit up 38% from INR 74 Cr to INR 102 Cr. On a QoQ basis, Sales up 17% and Net Profit up 23%.
SUMMARY: 3y Operating Profit uptrend | 7q Operating Profit uptrend | PE 15.1x (Sector PE range 8-25) | Excellent Mar-24 results | Healthy orderbook of INR 21,011 Cr as of Mar’24, 4.3x of Mar ‘24 Revenue | Ace Investor | Fund entry | Railways Infra
- MCap of INR 4,992 Crore (share price = INR 660 / share) (as on 29th May ‘24)
- TTM PE 15.1x (as on 29th May ‘24) Retail float = 10.2% (Mar-24)
FOOD FOR THOUGHT: Highly competitive sector
What are the products and services of J Kumar Infraprojects?
JKumar Infraprojects is engaged in the business of constructing Flyovers, Bridges & Roads, Skywalks, Urban infra, Dams & Canals, Underground Metro and Railways. Its executed projects include Mumbai Metro line 7 and 2A, Delhi Underground Metro, Ahmedabad metro, Grant Road Skywalk etc.
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Krishca Strapping Solutions Ltd.
Recent filing: (GOOD TO EXCELLENT RESULTS) For the half year ending Mar-24 for Krishca Strapping Solutions, Sales up 19% HoH from INR 48 Cr in Sep-23 to INR 57 Cr in Mar-24. Similarly, Net Profit up 33% from INR 5.7 Cr to INR 7.6 Cr.
SUMMARY: 4y Operating Profit uptrend | PE 19.9x (Sector PE range 30-60) | Excellent Mar-24 results | Capacity expansion | Ace Investor | Industrial Products
- MCap of INR 263 Crore (share price = INR 218 / share) (as on 29th May ‘24)
- TTM PE 19.9x (as on 29th May ‘24) Retail float = 16.5% (Sep-23)
FOOD FOR THOUGHT: Highly competitive sector
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.