Network People Services Excellent Results, Harshdeep Hortico Good To Excellent Results And Magson Retail New Store

Network People Services Technologies Ltd.

Recent filing: (EXCELLENT RESULTS) For the half year ending Mar-24, Sales up 2.4x YoY from INR 31.5 Cr in Mar-23 to INR 75.1 Cr in Mar-24. Similarly, Net Profit up 2.9x from INR 5.6 Cr to INR 16.6 Cr. On a HoH basis, Sales up 43% and Net Profit up 63%.

SUMMARY: 4y Operating Profit uptrend | 6q Operating Profit uptrend | Excellent Mar-24 results | PE 102x (Sector PE range: 50-100) | New Product | Ace Investor | Fintech

  • MCap of INR 2,714 Crore (share price = INR 1,400 / share) (as on 30th Jan ‘24)
  • TTM PE of 102x (as on 24th Apr ‘24) Retail float = 9.8% (Sep-23)

FOOD FOR THOUGHT: Rajasthan Trustee Company has reduced its stake from 5.8% in Sep-23 to less than 1% (can be 0) in Mar-24.

What are the products and services of Network People Services?

Network People Service Technology (NPST) incorporated in 2013, is a banking technology service provider (TSP) and is engaged in providing software and mobility solutions to banking and finance sector. It is currently rendering its services to banks like Canara Bank, Syndicate Bank, Kerela Gramin Bank, Karnataka Gramin Bank etc.

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Harshdeep Hortico Ltd.

Recent filing: (GOOD TO EXCELLENT RESULTS) For the half year ending Mar-24, Sales up 10% HoH from INR 23.0 Cr in Sep-23 to INR 25.3 Cr in Mar-24. Similarly, Net Profit up 22% from INR 2.9 Cr to INR 3.6 Cr.

SUMMARY: 1h Operating Profit uptrend | PE 18.0x (Sector PE range 30-70) | Excellent Mar-24 results | Promoter buying | IPO | Consumption

  • MCap of INR 118 Crore (share price = INR 71 / share) (as on 24th Apr ‘24)
  • TTM PE of 18.0x (as on 24th Apr ‘24) Retail float = 10.5% (Dec-23)

FOOD FOR THOUGHT: 42% revenue comes from Maharashtra | Operating history of Company is less than 1 year

What are the products and services of Harshdeep Hortico?

Established in December 2022, the company specializes in the creation of indoor and outdoor pots tailored to meet diverse plant needs. Engaged in the design, production, and distribution of a wide range of planters, including plastic indoor planters, outdoor planters, illuminated planters, decorative planters, roto-moulded planters, fiber-reinforced plastic (FRP) planters, and Eco series planters. Additionally, the company offers complementary accessories such as garden hose pipes and water cans.

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Magson Retail and Distribution Ltd.

Recent filing: (NEW STORE) Magson Retail and Distribution has taken a strategic decision to expand its retail presence by opening a new store in Rajkot, total number of stores of Magson increased to 28 stores in 11 cities across 4 states.

SUMMARY: 2y Operating Profit Uptrend | PE 31.0x (Sector PE range 30-100) | FMCG

  • MCap of INR 78.5 Crore (share price = INR 100 / share) (as on 15th Dec ‘23)
  • TTM PE of 31.0x (as on 15th Dec ‘23) Retail float = 21.0% (Sep-23)

FOOD FOR THOUGHT: Single digit Operating Profit Margin.

What are the products and services of Magson Retail and Distribution?

Magson, based out of Gujarat, operates in the retail and distribution business, specializing in gourmet, frozen and specialty foods. Company distributes these products to retail outlets, supermarkets and restaurants.

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