Ramkrishna Forgings Excellent Results, EMS Large Order And Choice International Order

Ramkrishna Forgings Ltd.

Recent filing: (EXCELLENT RESULTS) For the quarter ending Dec-23, Sales up 36% YoY from INR 777 Cr in Dec-22 to INR 1,058 Cr in Dec-23. Similarly, Net Profit up 43% from INR 61 Cr to INR 87 Cr. On a QoQ basis, Sales up by 8% and Net Profit up by 6%.

SUMMARY: 4y Operating Profit uptrend | 3q Operating Profit uptrend | PE 43.9x (Sector PE range 30-50) | Excellent Dec-23 results | Fund raise | Capacity expansion | Acquisition | Geographical expansion | Promoter buying | Railways

  • MCap of INR 14,280 Crore (share price = INR 790 / share) (as on 19th Jan ‘24)
  • TTM PE 43.9x (as on 19th Jan ‘24) Retail float = 10.15% (Nov-23)

What are the products and  services of Ramkrishna Forgings?

Ramkrishna Forgings is involved in the manufacturing & sale of forged components of automobiles, railway wagons & coaches and engineering parts. It is a supplier to various sectors like Automotive, Railways, Farm Equipment, Bearings, Oil & Gas, Power and Construction, Earth Moving & Mining, both in India & overseas.

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EMS Ltd.

Recent filing: (LARGE ORDER) EMS Limited is the lowest bidder (L-1) in the tender worth INR 479 Cr for the Development of Water Supply and Sewerage System with 18y of O&M, in Vikas Nagar, Uttarakhand. The awarding body is Uttarakhand Urban Sector Development Agency. (ORDER) Company has received LoA worth INR 359 Cr from Urban Development Department, Uttarakhand for the Development of Sewerage System for Raipur with 5 years of O&M.

SUMMARY: 4y Operating Profit uptrend | 1q Operating Profit uptrend | PE 21.8x (Sector PE range 20-50) | Excellent Sep-23 results | Institutional entry | Large Order

  • MCap of INR 2,633 Crore (share price = INR 474 / share) (as on 19th Jan ‘24)
  • TTM PE 21.8x (as on 19th Jan ‘24) Retail float = 12.7% (Dec-23)

What are the products and  services of EMS Ltd.?

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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Choice International Ltd.

Recent filing: (ORDER) Choice International Ltd. has been awarded work order worth INR 17 Cr for digitizing Primary Agricultural Credit Societies across the state of Maharashtra.

SUMMARY: 5y Operating Profit uptrend | 2q Operating profit uptrend | PE 44.2x (Sector PE range 20-50) | Excellent Dec-23 results | Promoter buying | Geographical expansion | Strategic collaborations

  • MCap of INR 5,389 Crore (share price = INR 541 / share) (as on 19th Jan ’24)
  • TTM PE 44.2x (as on 19th Jan ’24) Retail float = 2.9% (Sep-23)

What are the products and  services of Choice International?

Incorporated in 1992, Choice International group provides tech-led financial services. It finds its legacy in resolving financial problems and bridging gaps for individuals, institutions, and governments. It is an integrated and diversified financial services group.

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