Meson Valves India And RateGain Travel Good to Excellent Results, Frog Cellsat Order
Meson Valves India Ltd.
Recent filing: (GOOD TO EXCELLENT RESULTS) For the half year ending Mar-24 for Meson Valves India, Sales up 2.2x HoH from INR 19.9 Cr in Sep-23 to INR 43.2 Cr in Mar-24. Similarly, Net Profit up 2.5x from INR 2.6 Cr to INR 6.4 Cr.
SUMMARY: 3y Operating Profit uptrend | PE 111x (Sector PE range 30-70) | Excellent Mar-24 results | Institutional Entry | Defence
- MCap of INR 1,001 Crore (share price = INR 985 / share) (as on 21st May ‘24)
- TTM PE of 111x (as on 21st May ‘24) Retail float = 23.2% (Mar-24)
FOOD FOR THOUGHT: PE is above sector range | Highly competitive sector
What are the products and services of Meson Valves India?
Meson Valves India Limited is in the business of assembling, buying, selling, distributing, importing, exporting or otherwise dealing in products like valves, actuators, remote control system, control cabinets, tanks, visualization system, piping, pumps, fittings, gaskets, flanges and `and services that control and manage all such products. Company got listed on 21st Sep ‘23.
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Frog Cellsat Ltd.
Recent filing: (ORDER) Frog Cellsat has received a Letter of Intent from L&T Technology Services for the Design, Manufacturing, and Supply of IBS System for Bangalore Metro (BMRC). The contract's value amounts to INR 7.4 Cr and is anticipated to be executed within FY ‘25.
SUMMARY: 5y Operating Profit uptrend | 3q Operating Profit uptrend | PE 29.6x (Sector PE range 50-100) | Telecom
- MCap of INR 459 Crore (share price = INR 297 / share) (as on 21st May ‘24)
- TTM PE of 29.6x (as on 21st May ‘24) Retail float = 16.4% (Mar-24)
FOOD FOR THOUGHT: Highly competitive sector
What are the products and services of Frog Cellsat?
Frog Cellsat Ltd is one of the leading manufacturers of RF Equipment. The Company is engaged in developing and delivering coverage as well as capacity enhancement solutions and services for next-generation wireless and mobile broadband networks. It also offers In-Building Coverage Planning and Design services along with Radio Access Network (RAN) and Backhaul Network installation services. Its products include Network Accessories (jumpers, multiplexers, filters, feeder cable, etc.), Digital Repeaters, Optical DAS, Antenna and IBS Accessories.
It has a broad customer base across industries: domestic mobile operators (Airtel, Jio), SI and telecom equipment providers (Nokia, Motorola, Ericsson), large product developers (Adani, Siemens, L&T, Hitachi), Government & Defence (DRDO, Bharat Electronics, Indian Army), international mobile operators (MTN, telecast), etc.
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RateGain Travel Technologies Ltd.
Recent filing: (GOOD TO EXCELLENT RESULTS) For the quarter ending Mar-24 for Rategain Travel Technologies, Sales up 40% YoY from INR 183 Cr in Mar-23 to INR 256 Cr in Mar-24. Similarly, Net Profit up 47% from INR 34 Cr to INR 50 Cr. On a QoQ basis, Sales up 2% and Net Profit up 25%.
SUMMARY: 4y Operating Profit uptrend | 6 quarters Operating Profit uptrend | PE 62.7x (Sector PE range 50-100) | Excellent Mar-24 results | Fund Raise | Partnerships | Institutional Entry | Tech Platform
- MCap of INR 9,115 Crore (share price = INR 771 / share) (as on 21st May ‘24)
- TTM PE of 62.7x (as on 21st May ‘24) Retail float = 9.4% (Mar-24)
FOOD FOR THOUGHT: Promoter sold INR 180 Cr worth of shares.
What are the products and services of RateGain Travel Technologies?
Founded in 2004, RateGain Travel is a global provider of SaaS solutions for travel and hospitality that works with 2800+ customers and 700+ partners in 100+ countries, helping them accelerate revenue generation through acquisition, retention, and wallet share expansion.