ResGen And Premier Explosives Good to Excellent Results, Advait Infratech Good Results
ResGen Ltd.
Recent filing: (GOOD TO EXCELLENT RESULTS) For the half year ending Mar-24 for Resgen, Sales up 2.5x YoY from INR 12.3 Cr in Mar-23 to INR 30.4 Cr in Mar-24. Similarly, Net Profit up 92% from INR 2.1 Cr to INR 4.0 Cr. On a HoH basis, Sales up 2x and Net Profit up 52%.
SUMMARY: 2y Operating Profit uptrend | 2q Operating Profit uptrend | Excellent Mar-24 results | PE 26x (Sector PE range 30-50) | Acquisitions | Recycling
- MCap of INR 171 Crore (share price = INR 81.5 / share) (as on 31st May ‘24)
- TTM PE 26x (as on 31st May ‘24) Retail float = 17.5% (Mar-24)
FOOD FOR THOUGHT: Highly competitive sector.
What are the products and services of ResGen?
ResGen Limited is engaged in the business of manufacturing Pyrolysis Oil (a substitute of Furnace Oil) from all kinds of waste plastics and plastic scrap. The Company manufactures Pyrolysis Oil by the name PlasEco.
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Premier Explosives Ltd.
Recent filing: (GOOD TO EXCELLENT RESULTS) For the quarter ending Mar-24 for Premier Explosives, Sales up 66% YoY from INR 52.3 Cr in Mar-23 to INR 86.8 Cr in Mar-24. Similarly, Net Profit up 2.8x from INR 2.4 Cr to INR 6.8 Cr. On a QoQ basis, Sales up 95% and Net Profit up 24x.
SUMMARY: 4y Operating Profit uptrend | PE 95.2x (Sector PE range 50-100) | Excellent Mar-24 results | Strategic Partnerships | Capacity Expansion | Large Order | Orderbook INR 965 Cr (as of Mar-24), 3.6x of Mar-24 Revenue | Fund Raise | Defence
- MCap of INR 2,704 Crore (share price = INR 2,526 / share) (as on 31st May ‘24)
- TTM PE of 95.2x (as on 31st May ‘24) Retail float = 23.9% (Mar-24)
Price of ammonium nitrate (key raw material used in manufacturing commercial explosives) can be volatile, Company does not have pass through clauses in the contracts with clients.
What are the products and services of Premier Explosives?
Incorporated in 1980, Premier Explosives Limited is engaged in the business of manufacturing explosives and detonators with totally indigenous technology. It has widest range of products and technologies including Emulsion and Slurry Explosives, LD Cartridge Explosives, Bulk Explosives, Permitted Explosives, Plain Detonators, Electric Delay Detonators, Permitted Detonators etc.
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Advait Infratech Ltd.
Recent filing: (GOOD RESULTS) For the quarter ending Mar-24 for Advait Infratech, Sales up 46% YoY from INR 40.8 Cr in Mar-23 to INR 59.7 Cr in Mar-24. Similarly, Net Profit up 2.1x from INR 3.5 Cr to INR 7.22 Cr. On a QoQ basis, Sales down 18% and Net Profit down 6%.
(FUND RAISE) BoD of Advait Infratech has considered and approved for the issuance of 5.9L shares at INR 1388/share, aggregating to INR 82.3 Cr. Subscribers include Ashish Kacholia, RBA Finance & Investment.
SUMMARY: 5y Operating Profit uptrend | 2q Operating Profit uptrend | PE 67.7x (Sector PE range 30-50) | Fund raise | MoUs | Order-in-hand INR 173 Cr (Dec ‘23) | Green Energy | Power and Telecom infra
- MCap of INR 1,482 Crore (share price = INR 1,453/share) (as on 31st May ‘24)
- TTM PE 67.7x (as on 31st May ‘24) Retail float = 14.9% (Dec-23)
FOOD FOR THOUGHT: Intensely competitive EPC industry given low barriers to entry | Dependence on tenders floated by government
What are the products and services of Advait Infratech Ltd.?
Since its establishment in 2009, the Company has been at the forefront of delivering robust products and solutions tailored for power transmission, substation, and telecommunication infrastructure. In 2023, it has diversified into green energy, through its entrance into the supply of electrolysers and fuel cells. The Company has also extended its impact into climate services, focusing on sustainability consultancy, decarbonisation consultancy, and comprehensive carbon consultancy services.