Rulka Electricals And ITD Cementation Order, Jupiter Wagons Bulk Deal

Rulka Electricals Ltd.

Recent filing: (ORDER) Rulka Electricals has received new orders from various clients worth INR 3.2 Cr. The details of such orders are as follows: an order worth INR 2.7 Cr for civil construction work from Palra Estate, an order worth INR 10 L for fire alarm system work from Indospace Industrial Park Badli, and an order worth INR 43 L for external pond work from Palra Estate.

SUMMARY: 3y Operating Profit uptrend | 1h Operating Profit uptrend | PE 37.6x (Sector PE range 30-50) | Institutional Entry | IPO | Diversified Commercial Services

  • MCap of INR 230 Crore (share price = INR 540 / share) (as on 26th Jun ‘24)
  • TTM PE 37.6x (as on 26th Jun ‘24) Retail float = NA

FOOD FOR THOUGHT: Negative Operating cash flow for FY24

What are the products and services of Rulka Electricals?

Company is a turnkey projects contractor specializing in providing comprehensive solutions for all types of Electrical and Fire Fighting projects. The company offers a wide range of services including Electrical Solutions, Electrical Panels, Solar EPC Contracts, Turnkey Electrical Warehousing Projects, Electric Commercial Industrial Services, Maintenance Services, Electrical Contracting, and Data & Voice Cabling Installation across various sectors such as Industrial, Commercial, Retail, and Theatre.

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ITD Cementation India Ltd.

Recent filing: (ORDER) ITD Cementation has secured a marine contract worth INR 1,082 Cr for constructing Third Berth (Jetty) and specified additional works at Dahej LNG terminal in the state of Gujarat.

SUMMARY: 3y Operating Profit uptrend | 6q Operating Profit uptrend | PE 32.4x (Sector PE range 20-50) | Excellent Mar-24 results | EPC

FUTURE OUTLOOK: Company expects revenue growth of 20% plus and maintaining a margin of 10% or more. | Orderbook of INR 19,918 Cr as of Mar 2024, 2.6x of TTM revenue

  • MCap of INR 8,879 Crore (share price = INR 518 / share) (as on 26th Jun ‘24)
  • TTM PE of 32.4x (as on 26th Jun ‘24) Retail float = 20.0% (Mar-24)

FOOD FOR THOUGHT: Highly competitive sector.

What are the products and services of ITD Cementation India?

ITD Cementation Ltd. established its operations in India in 1931 as a branch of The Cementation Company Ltd, UK, for carrying out extensive grouting and drilling works to the hydraulic structures which were then growing at rapid pace. Since then, the company has been assiduously working towards building stronger India and has gained vast expertise in field of infrastructure construction.

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Jupiter Wagons Ltd.

Recent filing: (BULK DEAL) Copthall Mauritius Investment bought 32.8L shares of Jupiter Wagons at INR 652/share, aggregating to INR 214 Cr.

SUMMARY: 3y Operating Profit uptrend | 7q Operating Profit uptrend | PE 84.2x (Sector PE range 40-70) | Excellent Mar-24 results | Fund Raise | Institutional Entry | Promoter Buying | Capacity expansion | Acquisition | Railways

FUTURE OUTLOOK: Orderbook INR 7,102 Cr as of Mar 2024 (1.9x of TTM Revenue)

  • MCap of INR 27,850 Crore (share price = INR 676 / share) (as on 26th Jun ‘24)
  • TTM PE of 84.2x (as on 26th Jun ‘24) Retail float = 7.9% (Mar-24)

FOOD FOR THOUGHT: Steel and related products serve as raw materials, and their prices are volatile, potentially impacting margins | PE is above sector range.

What are the products and services of Jupiter Wagons?

Jupiter Wagons is complete transportation solutions engineer and one of the fastest growing in India's railway sector. It is one of few players in India's railway wagons sector with a captive foundry, one of the highest capacity complements and India's largest manufacturer of 25 tonnes wagons.

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