RBM Infracon Order, Wise Travel India Bulk Deal And Chatha Foods New Products

RBM Infracon Ltd.

Recent filing: (ORDER) RBM Infracon has received Letter of Intent worth INR 9.5 Cr from Mundra Petrochem Limited for Structural Fabrication job at Fabrication Shop for Green PVC Project and has validity period of 20 Months from date of Notice to Proceed (NTP) Notified.

(ORDER) RBM Infracon has received Service Order worth INR 5.9 Cr from L&T for Removal of Flooring, Demolition / Dismantling, Demolition of existing structures. On 5th April, it had received Service Order worth INR 22.2 Cr from Nayara Energy Ltd. for supply of ARC for Crude Tank (2 Nos.) M&I jobs at COT area over 1.75 years.

SUMMARY: 3y Operating Profit uptrend | PE 57.3x (Sector PE range: 20-50) | Excellent Dec-23 results | Ace Investor | Large Order

  • MCap of INR 476 Crore (share price = INR 564 / share) (as on 8th Apr ‘24)
  • TTM PE 57.3x (as on 8th Apr ‘24) Retail float = 14.5% (Sep-23)

FOOD FOR THOUGHT: Negative operating cash flow for FY23.

What are the products and services of RBM Infracon?

RBM Infracon is engaged in the business engineering, execution, testing, commissioning, operation and maintenance particularly in the field of mechanical and rotary equipment for Oil & Gas Refineries, Gas Cracker Plants, Coal/Gas/WHR based Power Plants, Petrochemicals, Chemicals, Cement industries.

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Wise Travel India Ltd.

Recent filing: (BULK DEAL) Saket Agrawal bought 5L shares of Wise Travel India at INR 190/share, aggregating to INR 9.5 Cr in Mar-24 and 2.1L shares at INR 203/share, aggregating to INR 4.2 Cr in Feb-24.

SUMMARY: 3y Operating Profit uptrend | PE 29.6x (Sector PE range: 30-60) | IPO

  • MCap of INR 474 Crore (share price = INR 199 / share) (as on 8th Apr ‘24)
  • TTM PE 29.6x (as on 8th Apr ‘24) Retail float = xx (Dec-23)

FOOD FOR THOUGHT: Intense competition in the cab services space

What are the products and services of Wise Travel India ?

WTi provides integrated people transportation with the objective of providing best in class quality of service with an unmatched network spanning in 130+ cities of India. The operations are carried out with a large fleet of on-road and robust technology platforms. The objective behind the venture is to have Presence across the value chain through services in the corporate people transportation which includes Car Rental Services, Employee Transportation Services, Car Leasing, Coach rentals, Technology, and Mobility Solutions.

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Chatha Foods Ltd.

Recent filing: (NEW PRODUCTS) Chatha Foods launched a vegetarian range for North India's QSR market, aiming for widespread availability. Over 40 new distributors will be engaged to facilitate expansion across Punjab, Himachal, Delhi NCR, Haryana, UP, and Rajasthan. The diverse menu includes Chilli Herb Patty, Veggie Nuggets, Falafel Poppers, and more.

SUMMARY: 3y Operating Profit uptrend | PE 43.0x (Sector PE range: 30-100) | Capacity expansion | New products | Geographical expansion of distribution | Institutional Entry | IPO | Consumption

  • MCap of INR 198 Crore (share price = INR 88 / share) (as on 8th Apr ‘24)
  • TTM PE 43.0x (as on 8th Apr ‘24) Retail float = xx (Dec-23)

FOOD FOR THOUGHT: Top 5 customers contribute to 93% of revenues

What are the products and services of Chatha Foods?

Founded in 1997, Chatha Foods is one of India’s recognised frozen food processors, serving top QSRs (Quick Serving Restaurants), CDRs (Casual Dining Restaurants), and other players in the HoReCa (Hotel-Restaurant-Catering) segment. Company’s manufacturing facilities and systems are BRC Certified.

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