R M Drip & Sprinklers Systems Fund Raise, Titagarh Rail Systems Bulk Deal And EMS Order

R M Drip & Sprinklers Systems

Recent filing: (FUND RAISE) Board Meeting of R M Drip & Sprinklers to be held on 29-Jun-2024 to consider Fund raising.

SUMMARY: 1y Operating Profit uptrend | Excellent Mar-24 results | PE 53.6x(Sector PE range 30-60) | Acquisition | Fund raise | Industrial Products

  • MCap of INR 290 Crore (share price = INR 152 / share) (as on 27th Jun ‘24)
  • TTM PE 53.6x (as on 27th Jun ‘24) Retail float = 6.0% (Mar-24)

FOOD FOR THOUGHT: Negative Operating cash flow for FY ’24.

What are the products and services of R M Drip & Sprinklers Systems?

RM Drip & Sprinkler Systems Ltd. provides customers with irrigation products that comply consistently with quality requirements in all respects, providing trainings for customers, technical services for installation & post installation, which ensure enhanced customer satisfaction. The Company has a decent infrastructure with advance machineries and world class technology.

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Titagarh Rail Systems Ltd.

Recent filing: (BULK DEAL) Promoter of Titagarh Rail Systems sold 21L shares to Blackrock Global Funds and 5.2L shares to BNP Paribas at INR 1,618/share, aggregating to INR 352 Cr.

SUMMARY: 6y Operating Profit uptrend | PE 85x (Sector PE range 40-70) | Excellent Mar-24 results | Fund raise | Institutional entry | New Products | Partnerships | Railways

FUTURE OUTLOOK: Orderbook INR 28,076 Cr (Mar-24, 7.3x TTM Revenue)

  • MCap of INR 24,456 Crore (share price = INR 1,819 / share) (as on 27th Jun ‘24)
  • TTM PE 85x (as on 27th Jun ‘24) Retail float = 21.7% (Mar-24)

FOOD FOR THOUGHT: Risk of price fluctuations in key raw materials (steel and related products). | PE is above sector range.

What are the products and services of Titagarh Rail Systems?

Company caters to passenger rolling stock including trains range expands to include electric propulsion equipment such as traction motors and vehicle control systems. Titagarh also designs and manufactures wagons such as container flats grain hoppers, cement wagons, clinker wagons tank wagons.

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EMS Ltd.

Recent filing: (ORDER) EMS has received a letter of award worth INR 119 Cr for Survey, Investigation, Design, build, Operate and Transfer of Interception & Diversion and treatment works including 15 years O&M period at Hathras Town, U.P. under Namami Gange Program on DBOT mode. Company is having 26% share with the other two JV partners.

(BREAKOUT) EMS has given a 4-month Breakout.

SUMMARY: 4y Operating Profit uptrend | PE 23.2x (Sector PE range 20-50) | Excellent Mar-24 results | Institutional entry | EPC

FUTURE OUTLOOK: As per the Q3FY24 Concall, Company expects 35% growth in revenue for FY25 keeping the margins same.

  • MCap of INR 3,527 Crore (share price = INR 635 / share) (as on 27th Jun ‘24)
  • TTM PE 23.2x (as on 27th Jun ‘24) Retail float = 14.0% (Mar-24)

FOOD FOR THOUGHT: Negative Operating cash flow for FY ’24.

What are the products and services of EMS?

EMS Limited is a multi-disciplinary EPC company, headquartered in Delhi that specializes in providing turnkey services in water and wastewater collection, treatment and disposal. EMS provides complete, single-source services from engineering and design to construction and installation of water, wastewater and domestic waste treatment facilities.

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