Pritika Engineering Components Order, Aurionpro Solutions Order And JTL Industries Loan Repayments and Business Update

Pritika Engineering Components Ltd.

Recent filing: (ORDER) Pritika Engineering Components has secured a substantial order from a prominent multinational tractor manufacturer, amounting to INR 24 Cr annually. This significant order is to produce five new components.

SUMMARY: 2y Operating Profit uptrend | 4q Operating Profit uptrend | PE 27.1x (Sector PE range 30-50) | Fund Raise | Capacity expansion

  • MCap of INR 104 Crore (share price = INR 78.6 / share) (as on 5th Mar ‘24)
  • TTM PE 27.1x (as on 5th Mar ‘24) Retail float = 16.0% (Sep-23)

What are the Products and Services of Pritika Engineering?

Pritika Engineering Components is a part of Pritika Group of Industries. The Company is engaged in the business of manufacturing of precision machined components primarily for the automotive industry, especially for tractors, trucks, and other commercial vehicles, etc. The Company caters to the tractor industry in the automotive sector, as a major supplier to the Original Equipment Manufacturers. The Company manufactures various Tractors & Automobile components like End Cover, Cover Sealed Brake, Differential Case, Cover Hydraulic Lift, Cover Transcase, Front Wheel hub, Fly Wheel Housing, Rear Axle Casings, Hydraulic Lift Covers, Brake Housing & Front Engine Supports etc.

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Aurionpro Solutions

Recent filing: (ORDER) Aurionpro Solutions has secured a significant order from the Government of Haryana to provide open-loop NCMC (National Common Mobility Cards) cards, offering free travel for families Below Poverty Line. Through the distribution of these open-loop NCMC, eligible individuals will enjoy seamless and cost-free travel, covering up to 1000 km per year for each qualifying family member. The first phase of this extensive multi-year project, valued at INR 100 Cr, is set for completion within six months, with subsequent maintenance services to be carried out thereafter.

SUMMARY: 3y Operating Profit uptrend | 7q Operating Profit uptrend | PE 42.7x (Sector PE range 30-50) | Excellent Dec-23 results | Fund raise | Fund entry | New-age IT

  • MCap of INR 5,559 Crore (share price = INR 2,240 / share) (as on 5th Mar ‘24)
  • TTM PE of 42.7x (as on 5th Mar ‘24) Retail float = 10.5% (Dec-23)

What are the Products and Services of Aurionpro Solutions?

Aurionpro is the convergence of advanced technology solutions that help enterprises accelerate Digital Innovation - securely and efficiently. It is 'One Platform', guiding businesses to ADAPT to a new paradigm in Digital Transformation across Banking Transportation, Logistics, and Government sectors.

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JTL Industries Ltd.

Recent filing: (LOAN REPAYMENT AND BUSINESS UPDATE) JTL Industries has repaid the outstanding term debt of INR 36 Cr and has become a term and net debt-free company.

JTL Industries is on track with its earlier announced capex plan with the initiation of the dispatch and timely delivery of DFT machines in the upcoming weeks before closure of Q4FY24 and commissioning of the same by Q1FY25. Through this commissioning of DFT plant, Company would be able to elevate plant capacity utilization. It will be able to manufacture higher diameter pipes which would increase its kitty by 300+ SKUs of value-added products. This strategic move is anticipated to significantly boost its EBITDA margins.

SUMMARY: 3y Operating Profit uptrend | PE 35.5x (Sector PE range 10-50) | Fund raise | Capacity expansion | High value-add Products addition | Promoter buying | Fund entry

  • MCap of INR 4,259 Crore (share price = INR 249 / share) (as on 5th Mar ‘24)
  • TTM PE 35.5x (as on 5th Mar ‘24) Retail float = 17.8% (Dec-23)

What are the Products and Services of JTL Industries?

JTL Industries is the flagship company of the Jagan Group of Companies. It produces Black & Galvanized ERW Steel Pipes & Tubes, hollow sections and structural steel that are extensively used in major engineering and construction projects. The group caters to the domestic Indian markets as well as the overseas export markets.

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