Titagarh Rail Systems New Product, Choice International Excellent Results And Satin Creditcare Director Appointment
Titagarh Rail Systems Ltd.
Recent filing: (NEW PRODUCT) Titagarh Rail Systems Ltd. has launched its first 25T Bollard Pull Tug that will carry out a wide range of naval operations for the Indian Navy. They play a crucial role in the "cold move" of vessels undergoing maintenance, ensuring seamless operations during dry docking and undocking processes. In adverse weather conditions, these tugboats are essential for providing support to warships, preventing potential damage, and offering firefighting assistance. They are also equipped to handle more challenging assignments such as salvage operations and Search & Rescue missions beyond the confines of the port.
SUMMARY: 5y Operating Profit uptrend | 5q Operating Profit uptrend | PE 68.5x (Sector PE range 40-70) | Excellent Sep-23 results | Fund raise | Orderbook INR 28,212 Cr (Sep-23) | New Products | Partnerships | Railways
- MCap of INR 14,595 Crore (share price = INR 1,084 / share) (as on 16th Jan ‘24)
- TTM PE 68.5x (as on 16th Jan ‘24) Retail float = 21.4% (Sep-23)
What are the Products and Services of Titagarh Rail Systems?
Company caters to passenger rolling stock including trains range expands to include electric propulsion equipment such as traction motors and vehicle control systems. Titagarh also designs and manufactures wagons such as container flats grain hoppers, cement wagons, clinker wagons tank wagons.
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Choice International Ltd.
Recent filing: (EXCELLENT RESULTS) For the quarter ending Dec-23, Sales up 2.2x from INR 96 Cr in Dec-22 to INR 207 Cr in Dec-23. Similarly, Net Profit up almost 3x from INR 13.9 Cr to INR 40.3 Cr. On a QoQ basis, Sales up 9% and Net Profit up 35%.
SUMMARY: 5y Operating Profit uptrend | 2q Operating profit uptrend | PE 45.0x (Sector PE range 20-50) | Excellent Dec-23 results | Promoter buying | Geographical expansion | Strategic collaborations
- MCap of INR 5,486 Crore (share price = INR 551 / share) (as on 16th Jan ’24)
- TTM PE 45.0x (as on 16th Jan ’24) Retail float = 2.9% (Sep-23)
What are the Products and Services of Choice International?
Incorporated in 1992, Choice group provides tech-led financial services. It finds its legacy in resolving financial problems and bridging gaps for individuals, institutions, and governments. It is an integrated and diversified financial services group.
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Satin Creditcare Network Ltd.
Recent filing: (DIRECTOR APPOINTMENT) Satin Creditcare Network Ltd. has announced the appointment of Mr. Anil Kaul as an Additional Director (Non-Executive Independent) on its Board. With a distinguished career spanning over three decades, Mr. Kaul, former Managing Director of TATA Capital Housing Finance Ltd., brings a wealth of experience from his roles in prominent financial institutions, including ICICI Group, Bank Muscat SAOG, Standard Chartered Bank India, and Citibank N.A. India.
As a valuable addition to the Board of Directors at Satin, Mr. Kaul will play a pivotal role in providing strategic guidance, leveraging his extensive banking and finance expertise to contribute to Company's expansion. His responsibilities will encompass offering key insights and aiding in the formulation and execution of decisions aligning with the company's vision.
(FUND RAISE) BoD approved the issuance of secured, rated, listed, redeemable non-convertible debentures through public issue for an amount up to INR 200 Cr.
SUMMARY: 1y Operating Profit uptrend | 1q Operating Profit uptrend | PE 8.4x (Sector PE range 10-20) | Institutional entry | Fund raise
- MCap of INR 2,949 Crore (share price = INR 277/share) (as on 16th Jan ‘24)
- TTM PE of 8.4x (as on 16th Jan ‘24) Retail float = 9.1% (Sep-23)
What are the Products and Services of Satin Creditcare Network?
Satin Creditcare 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.