RateGain Travel Partnership, Senco Gold Bulk Deal And GPT Infraprojects Order And Order Book Update

RateGain Travel Technologies Ltd.

Recent filing: (PARTNERSHIP) Rategain Travel Technologies has been selected by Green Motion International as its preferred revenue management partner for its franchisee network across 650 locations in 73 countries. This partnership aims to enhance operational efficiency and revenue growth by leveraging AI-driven technology for the car rental industry.

SUMMARY: 4y Operating Profit uptrend | 6 quarters Operating Profit uptrend | PE 59.6x (Sector PE range 50-100) | Excellent Mar-24 results | Fund Raise | Partnerships | Institutional Entry | Tech Platform

  • MCap of INR 8,673 Crore (share price = INR 736 / share) (as on 14th Jun '24)
  • TTM PE of 59.6x (as on 14th Jun '24) Retail float = 9.4% (Mar-24)

FOOD FOR THOUGHT: Promoter sold INR 180 Cr worth of shares.

What are the products and services of RateGain Travel Technologies?

Founded in 2004, RateGain Travel is a global provider of SaaS solutions for travel and hospitality that works with 2800+ customers and 700+ partners in 100+ countries, helping them accelerate revenue generation through acquisition, retention, and wallet share expansion.

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Senco Gold Ltd.

Recent filing: (BULK DEAL) Motilal Oswal Equity Opportunities Fund, Apah Capital Master Fund, and India Acorn ICAV bought a combined 15.5 L shares of Senco Gold at INR 960 each, totaling INR 149 Cr. Saif Partners India IV sold shares worth INR 433 Cr at the same price.

SUMMARY: 3y Operating Profit uptrend | PE 40.2x (Sector PE range 30-70) | Excellent Mar-24 results | Institutional Entry | New Showrooms | Geographical Expansion | Consumption

FUTURE OUTLOOK: Company is expecting a top-line growth of 18% to 20% in FY25, driven by a mix of SSSG and new store growth.

  • MCap of INR 7,573 Crore (share price = INR 975 / share) (as on 14th Jun '24)
  • TTM PE of 40.2x (as on 14th Jun '24) Retail float = 7.0% (Mar-24)

FOOD FOR THOUGHT: Company operates 75 company-owned and 61 franchise stores. Half of company-owned stores are in West Bengal, generating 67% of FY23 revenues. This poses geographical concentration risk, but it's decreasing with plans to expand outside West Bengal.

What are the products and services of Senco Gold?

Senco Gold is the largest organized jewellery retail player in the eastern region of India. It primarily sells gold and diamond jewellery and also sells jewellery made of silver, platinum and precious and semi-precious stones and other metals. Other offerings of the company includes costume jewellery, gold and silver coins and utensils made of silver.

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GPT Infraprojects

Recent filing: (ORDER AND ORDER BOOK UPDATE) GPT Infraprojects has secured a contract valued at INR 26 Cr from Transnet Freight Rail, South Africa, for the supply of concrete sleepers from the factory at Ladysmith. The outstanding order book for the Company now stands at INR 3,672 Cr with total order inflow for FY ‘25 of INR 700 Cr.

SUMMARY: 5y Operating Profit uptrend | 6q Operating Profit uptrend | PE 27.7x (Sector PE range 20-50) | Capacity expansion | Institutional entry | Infra | Railways

FUTURE OUTLOOK: Orderbook INR 3,672 Cr (13th Jun 2024, 3.6x of TTM revenue)

  • MCap of INR 1,540 Crore (share price = INR 265 / share) (as on 14th Jun '24)
  • TTM PE 27.7x (as on 14th Jun '24) Retail float = 8.2% (Mar-24)

FOOD FOR THOUGHT: Exposed to risks inherent in tender-based business.

What are the products and services of GPT Infraprojects?

GPT Infraprojects is an infrastructure company operating through 2 business divisions - Infrastructure and Sleepers. It is an established Railway focused player. The company is engaged in the execution of civil and infrastructure projects, especially large bridges and ROBs for Railways. In Sleepers, the company manufactures and supplies concrete sleeper for Railways in India and Africa.

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