RMC Switchgears And Transteel Seating Technologies Order, Som Distilleries & Breweries Promoter buying

RMC Switchgears Ltd.

Recent filing: (ORDER) RMC Switchgears has received a significant work order worth INR 56.7 Cr by an AMISP Provider for the Supply of SMC Meter Enclosures for Smart Meters for the projects in PVVNL and MVVNL. The work order involves Design, Engineering, Manufacturing, Integration, Testing, Inspection, Packing, Supply, Transportation, and Insurance of SMC Box for Three Phase LT CT - Consumer & DT Meter.

SUMMARY: 2y Operating Profit uptrend | PE 27.0x (Sector PE range 30-60) | Capacity Expansion | Institutional Entry | RDSS

FUTURE OUTLOOK: Management’s ambitious vision is to evolve into a INR 5,000 Cr enterprise by 2030 (25th May ‘24)

  • MCap of INR 440 Crore (share price = INR 427 / share) (as on 5th Jun ‘24)
  • TTM PE of 27.0x (as on 5th Jun ‘24) Retail float = 20.9% (Mar-24)

What are the products and services of RMC Switchgears?

Incorporated in 1994, RMC Switchgear manufactures and designs enclosures of Energy Meters, LT/HT Distribution Boxes and Panels, Junctions Boxes, Feeder Pillars and Power Distribution and Circuit Protection Switchgears. It also undertakes works of laying energy transmission lines and establishing electric substations, fixing of new meters and shifting of existing meters.

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Transteel Seating Technologies Ltd.

Recent filing: Transteel Seating Technologies has received various work orders aggregating to INR 11 Cr. Workshaala Spaces has placed an order for the supply of 5,239 chairs and 5,181 workstations, amounting to INR 5.8 Cr. Sony India Limited has ordered 1,787 chairs, 1,213 workstations, and additional furniture fixtures, totaling INR 3.14 Cr. 

M4 Projects & Infrastructure Private Limited requires the supply of 1,196 workstations, valued at INR 1.0 Cr. Lastly, Flipspaces Technology Labs Private Limited has requested 2,931 chairs, amounting to INR 1.2 Cr.

SUMMARY: 3y Operating Profit uptrend | PE 12.4x (Sector PE range 30-70) | Excellent Mar-24 results | IPO | Consumption

FUTURE OUTLOOK: Management has provided a revenue projection of INR 160 Cr for FY25, followed by a projection of INR 300 Cr for FY26 (30th Nov ‘23).

  • MCap of INR 139 Crore (share price = INR 69 / share) (as on 5th Jun ‘24)
  • TTM PE 12.4x (as on 5th Jun ‘24) Retail float = 19.1% (Mar-24)

What are the products and services of Transteel Seating Technologies?

Transteel Seating Technologies is a known furniture provider with over 20 years of corporate and B2B experience. It has developed the skill and expertise in making chairs, office furniture and other residential and commercial furniture.

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Som Distilleries & Breweries Ltd.

Recent filing: (PROMOTER BUYING) Promoter of Som Distilleries & Breweries bought 20k shares at INR 123/share, aggregating to INR 24L in Jun’24. Earlier, Promoter had bought INR 25L worth of shares in May ’24.

SUMMARY: 3y Operating Profit uptrend | PE 27.1x (Sector PE range 30-70) | Excellent Mar-24 results | Promoter buying | Fund raise | Capacity expansion | Geographical expansion | Ace Investor | Consumption

  • MCap of INR 2,348 Crore (share price = INR 121 / share) (as on 05th Jun ‘24)
  • TTM PE 27.1x (as on 05th Jun ‘24) Retail float = 27.5% (Mar-24)

FOOD FOR THOUGHT: IT Dept. raided multiple premises in election-bound MP and Chhattisgarh. It has also raided the house of Som Group owner Jagdish Arora (Nov ’23) | QIP cancelled in Oct ‘23

What are the products and services of Som Distilleries & Breweries?

Som Group has its portfolio of brands across the spectrum of Spirits, Beer, Alcopop. SOM’s flagship brand Hunter is a forerunner in the strong beer category.

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