Som Distilleries Malpractice, Concord Control Systems Promoter Buying And Master Components Order

Som Distilleries & Breweries Ltd.

Recent filing: (MALPRACTICE) More than 50 children were found working in a liquor factory named Som Distillery in Madhya Pradesh's Raisen district. The National Commission for Protection of Child Rights (NCPCR) registered an FIR against the factory owners following the discovery, news agency ANI reported on Saturday. Sovrenn is discontinuing coverage of the Company.

SUMMARY: 3y Operating Profit uptrend | PE 26.1x (Sector PE range 30-70) | Excellent Mar-24 results | Promoter buying | Fund raise | Capacity expansion | Geographical expansion | Ace Investor | Consumption

  • MCap of INR 2,267 Crore (share price = INR 117 / share) (as on 18th Jun ‘24)
  • TTM PE 26.1x (as on 18th 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?

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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Concord Control Systems Ltd.

Recent filing: (PROMOTER BUYING) Promoters and Directors of Concord Control Systems bought 14k shares at INR 799/share, aggregating to INR 1.1 Cr.

SUMMARY: 4y Operating Profit uptrend | 5q Operating Profit uptrend PE 46.1x (Sector PE range 30-60) | Excellent Mar-24 results | Promoter Buying | Ace Investor | Fund Raise | Industrial Products | Railways

  • MCap of INR 601 Crore (share price = INR 1,004 / share) (as on 18th Jun ‘24)
  • TTM PE of 46.1x (as on 18th Jun ‘24) Retail float = 15.3% (Mar-24)

FOOD FOR THOUGHT: India – Ahead Venture fund reduced its stake from 1.2% in Oct ’23 to close to 0% in Mar ’24.

What are the products and services of Concord Control Systems ?

Established in 2011, Concord Control Systems Limited is a Lucknow based Research, Design, and Standard Organization (RDSO) approved source for manufacturing various Electric and Electronic ranges of products for the Indian Railways.

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Master Components Ltd.

Recent filing: (ORDER) Master Components has received a continuous purchase order worth INR 5.2 Cr per annum from an Indian automotive company for the supply of plastic molded parts.

SUMMARY: 3y Operating Profit uptrend | 2h Operating Profit uptrend | PE 48.4x (Sector PE range 30-60) | Industrial Products

  • MCap of INR 130 Crore (share price = INR 324 / share) (as on 10th Jun ‘24)
  • TTM PE 48.4x (as on 10th Jun ‘24) Retail float = 7.1% (Mar-24)

FOOD FOR THOUGHT: Highly competitive sector.

What are the products and services of Master Components?

Master Components Limited is a manufacturing company specializing in the production of plastic engineering components and subassemblies. Their products cater to the industrial capital goods sector and undergo rigorous quality testing to meet industry standards. Located in Nashik, their strategic proximity to the Mumbai-Pune Highway provides logistical advantages.

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