Satin Creditcare Business Update, Zen Technologies And Krishna Defence Order
Satin Creditcare Network Ltd.
Recent filing: (BUSINESS UPDATE) Satin Creditcare Network Ltd. has announced its debut in two new states, Telangana and Andhra Pradesh. This move increases the total count of states and union territories to 26, as the Company endeavors to reach more geographies. In a significant stride towards fostering financial inclusion nationwide, SCNL has inaugurated two branches in Telangana, situated in Warangal and Huzurabad and one branch in Kadiri in Andhra Pradesh.
SUMMARY: 1y Operating Profit uptrend | 2q Operating Profit uptrend | PE 6.8x (Sector PE range 10-20) | Excellent Dec-23 results | Geographical expansion | Institutional entry | Fund raise
- MCap of INR 2,774 Crore (share price = INR 251 / share) (as on 21st Feb ‘24)
- TTM PE of 6.8x (as on 21st Feb ‘24) Retail float = 9.8% (Dec-23)
What are the products and services of Satin Creditcare?
Satin Creditcare Network Ltd. launched its operations as a provider of individual and small business loans and savings services to urban lenders in 1990, going on to be registered as an NBFC with the RBI in 1998 and converting into an NBFC-MFI in November 2013. Its business is primarily based on the Joint Liability Group model, which allows it to provide collateral-free, microcredit facilities to economically active women in both rural and semi-urban areas, who otherwise have limited access to mainstream financial service providers. It also offers loans to individual businesses and Micro, Small & Medium Enterprises (MSMEs); product financing for the purchase of solar lamps, as well as loans for the development of water connections and sanitation facilities.
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Zen Technologies Ltd.
Recent filing: (ORDER) Zen Technologies Ltd. has received order worth of INR 93 Cr from Ministry of Defence, Govt. of India for tactical training simulators.
SUMMARY: 2y Operating Profit uptrend | PE 58.9x (Sector PE range 50-100) | Excellent Dec-23 results | Capacity expansion | Institutional entry | Fund raise | Defence | Orderbook INR 1,434 Cr (Dec 2023)
- MCap of INR 6,778 Crore (share price = INR 806 / share) (as on 21st Feb ‘24)
- TTM PE 58.9x (as on 21st Feb ‘24) Retail float = 27.7% (Dec-23)
What are the products and services of Zen Technologies?
Incorporated in 1996, Zen Technologies designs, develops and manufactures combat training solutions for the training of defense and security forces. It is actively involved in the indigenization of technologies, which are beneficial to Indian armed forces, state police forces, and paramilitary forces.
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Krishna Defence & Allied Industries Ltd.
Recent filing: (ORDER) Krishna Defence & Allied Industries Ltd. has received an order for Supply of Special Steel Product to be used for Naval Applications, worth INR 8.8 Cr. The order needs to be executed within 6 months.
(ACE INVESTOR) Feb ‘24 shareholding pattern shows Ashish Kacholia holding at 3.06%.
SUMMARY: 4y Operating Profit uptrend | 2 semi-annual Operating Profit uptrend | PE 72.7x (Sector PE range 50-100) | Fund raise | Ace Investor | Defence
- MCap of INR 457 Crore (share price = INR 372 / share) (as on 21st Feb ‘24)
- TTM PE 72.7x (as on 21st Feb ‘24) Retail float = 15.4% (Dec-23)
What are the products and services of Krishna Defence?
Krishna Defence & Allied Industries has comprehensive in-house capabilities of designing, developing and manufacturing a wide range of equipment for defence, security, dairy and mega kitchen verticals. Its clientele includes Indian Army, DRDO, Goa Shipyard, Amul, Keventers etc.
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