Thaai Casting Revenue Guidance, Shree OSFM E-Mobility Fund Raise And Zen Technologies Patent

Thaai Casting Ltd.

Recent filing: (REVENUE GUIDANCE) Thaai Casting is looking to achieve INR 250 to 300 Cr in the next 2 years. The company aims to achieve a CAGR of around 60-65% over the next 3 year.

SUMMARY: 3y Operating Profit uptrend | PE 25.7x (Sector PE range 30-50) | Capacity expansion | Ace Investor | Large Order | IPO

FUTURE OUTLOOK: As stated above

  • MCap of INR 393 Crore (share price = INR 170 / share) (as on 7th Jun ‘24)
  • TTM PE 25.7x (as on 7th Jun ‘24) Retail float = 14.7%

FOOD FOR THOUGHT: Customer concentration Risk

What are the products and services of Thaai Casting?

Company specializes in High-Pressure Die Casting, as well as the precision machining of both Ferrous and Non-Ferrous materials and induction heating and quenching. Company Business model is based on B2B approach, catering to leading entities in the automotive component sector.

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Shree OSFM E-Mobility Ltd.

Recent filing: (FUND RAISE) BoD of Shree OSFM E-mobility approved the issuance of 11.2L shares at INR 134/share, aggregating to INR 15 Cr. Subscribers include Ashish Kacholia and Himalaya Finance & Investment.

SUMMARY: 3y Operating Profit uptrend | PE 28.4x (Sector PE range 30-60) | Excellent Mar-24 results | Fund raise | Ace investor | Travel Services

  • MCap of INR 231 Crore (share price = INR 162 / share) (as on 7th Jun ‘24)
  • TTM PE 28.4 (as on 7th Jun ‘24) Retail float = 13% (Mar-24)

FOOD FOR THOUGHT: Highly competitive sector

What are the products and services of Shree OSFM E-Mobility?

With over 21 years of experience, the Company provides employee transportation services to major MNCs across India's key cities. Operating an asset-light model, it manages a fleet of 1400+ vehicles, including small cars, sedans, SUVs, luxury cars, and buses, with 173 owned and the rest leased. The company serves 42 sites in 10 cities, including Mumbai, Pune, Bengaluru, and Delhi. Clients include prominent BPM firms like JP Morgan, Morgan Stanley, Capgemini, and Accenture.

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Zen Technologies Ltd.

Recent filing: (PATENT) Zen Technologies has received patent for TZS (Laser Boresighting), valid upto Jul ‘36.

(ORDER EXECUTION) Zen Technologies successfully delivered its innovative Zen Anti-Drone System with Hard-Kill (Zen ADS HK) to the Army Air Defence College in Gopalpur, Odisha, marking a milestone in India's defence against drone threats. Ordered 18 months ago after successful trials, the system surpasses expectations following rigorous testing. 

Zen ADS HK enhances protection by integrating with existing defence infrastructure and features an advanced Electro-Optical Tracking System (EOTS) with day and thermal cameras, and a Laser Range Finder for effective all-weather auto-tracking.

SUMMARY: 2y Operating Profit uptrend | PE 64.5x (Sector PE range 50-100) | Excellent Mar-24 results | Capacity expansion | Institutional entry | Ace investor | Fund raise | Defence

FUTURE OUTLOOK: Orderbook INR 1,402 Cr as of 31st Mar 2024 (3.2x of FY24 Revenue) and assuring that 35% EBITDA and 25% PAT to achieve in FY25. Company targeting to exceed turnover of INR 900 Cr in FY25, 100% increase from FY24.

  • MCap of INR 8,130 Crore (share price = INR 967 / share) (as on 7th Jun ‘24)
  • TTM PE 64.5x (as on 7th Jun ‘24) Retail float = 28.8% (Mar-24)

FOOD FOR THOUGHT: Company is exposed to risks in tender-based operations

What are the products and services of Shree 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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