Network People Services Order, Vilas Transcore Capacity expansion And Satin Creditcare Network Fund Raise

Network People Services Technologies Ltd.

Recent filing: (ORDER) Network People Services Technologies has secured a Purchase order for Supply, Development, Installation, Configuration, Customization, Implementation, Maintenance, Monitoring, Management and Commissioning of All-in-One Super App Mobile Banking Solution for a period of Three years for the Kerala Gramin Bank & Karnataka Gramin Bank. 

This app will help banks deliver new-age digital banking and payment solutions to rural customers, significantly enhancing both accessibility and convenience.

SUMMARY: 4y Operating Profit uptrend | 7q Operating Profit uptrend | PE 118x (Sector PE range: 50-100) | Excellent Mar-24 results | Fund raise | New Product | Ace Investor | Fintech

FUTURE OUTLOOK: As per FY24 Con-call, Company anticipating 75% to 100% growth trend in the coming years.

  • MCap of INR 3,141 Crore (share price = INR 1,620 / share) (as on 25th Jun ‘24)
  • TTM PE of 118x (as on 25th Jun ‘24) Retail float = 7.8% (Mar-24)

FOOD FOR THOUGHT: Rajasthan Trustee Company has reduced its stake from 5.8% in Sep-23 to less than 1% (may 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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Vilas Transcore Ltd.

Recent filing: (CAPACITY EXPANSION) Vilas Transcore will be increasing its capacity threefold from 12,000 MTPA (current capacity) to 36,000 MTPA by December 2024.

SUMMARY: 4y Operating Profit uptrend | PE 53.9x (Sector PE range 30-60) | Capacity Expansion | IPO | Electrification | Industrial Products

FUTURE OUTLOOK: Company Management has given a revenue growth guidance of 35%-40% in FY 25.

  • MCap of INR 1,240 Crore (share price = INR 506 / share) (as on 25th Jun ‘24)
  • TTM PE 53.9x (as on 25th Jun ‘24) Retail float = 66.1% (Mar-24)

FOOD FOR THOUGHT: Customer Concentration Risk (Around 40% Sales come from one client, Voltamp Transformer)

What are the products and services of Vilas Transcore?

Incorporated in 2006, the company manufactures and supplies components for the power distribution and transmission sector, primarily serving transformer and other power equipment manufacturers in India and abroad. They produce a range of electrical lamination products, including cold rolled grain oriented (C.R.G.O.) lamination cores, CRGO slit coils, CRGO stacked cores, CRGO wound cores, and CRGO toroidal cores, used mainly in power transformers, distribution transformers, dry type transformers, and high/medium/low voltage current transformers. 

The company adheres to industry standards and specifications, utilizing the latest technology to meet customer-defined requirements for product dimensions and materials in the power and distribution equipment industry.

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Satin Creditcare Network Ltd.

Recent filing: (FUND RAISE) BoD of Satin Creditcare Network has considered and approved the raising of funds by the way of issuance of NCDs Upto INR 5,000 Cr in one or more tranches.

(GEOGRAPHICAL EXPANSION) Satin Creditcare marks its presence in Nagaland with the opening of its first branch in Dimapur, taking its total count of states and union territories to 27.

SUMMARY: 1y Operating Profit uptrend | 3q Operating Profit uptrend | PE 5.8x (Sector PE range 10-20) | Excellent Mar-24 results | Geographical expansion | Institutional entry | Fund raise | Promoter Buying | Microfinance

  • MCap of INR 2,557 Crore (share price = INR 232 / share) (as on 25th Jun ‘24)
  • TTM PE of 5.8x (as on 25th Jun ‘24) Retail float = 13.6% (Mar-24)

FOOD FOR THOUGHT: Microfinance industry susceptible to socio-political issues and regulatory changes, especially given the unsecured nature of microfinance loans.

What are the products and services of Satin Creditcare Network?

Satin Creditcare launched its operations as a provider of individual and small business loans and savings services to urban lenders in 1990, going on to be registered as an NBFC with the RBI in 1998 and converting into an NBFC-MFI in November 2013. Its business is primarily based on the Joint Liability Group model, which allows it to provide collateral-free, microcredit facilities to economically active women in both rural and semi-urban areas, who otherwise have limited access to mainstream financial service providers. 

It also offers loans to individual businesses and Micro, Small & Medium Enterprises (MSMEs); product financing for the purchase of solar lamps, as well as loans for the development of water connections and sanitation facilities.

Also Read: Vinyas Innovative Technologies Asset Expansion, Sanghvi Movers Order And MAS Financial Services Fund Raise