Vasa Denticity Excellent Results, Sadhav Shipping Order And Kaynes Technology India Excellent Results
Vasa Denticity Ltd.
Recent filing: (EXCELLENT RESULTS) For the half year ending Mar-24 for Vasa Denticity, Sales up 44% YoY from INR 66 Cr in Mar-23 to INR 95 Cr in Mar-24. Similarly, Net Profit up 2.2x from INR 4 Cr to INR 9 Cr. On a HoH basis, Sales up 23% and Net Profit up 50%.
SUMMARY: 5y Operating Profit uptrend | PE 59.8x (Sector PE range 50-100) | Excellent Mar-24 results | New warehouses | Tech Platform
- MCap of INR 902 Crore (share price = INR 563 / share) (as on 17th May ‘24)
- TTM PE 59.8x (as on 17th May ‘24) Retail float = 9.9% (Mar-24)
FOOD FOR THOUGHT: Risk of Competition | Negative Operating cash flow for FY ‘24
What are the products and services of Vasa Denticity?
Vasa Denticity Limited specializes in dental products including consumables, instruments, equipment and accessories used for diagnosing, treating and preventing dental conditions.
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Sadhav Shipping Ltd.
Recent filing: (ORDER) Sadhav Shipping has signed a new 3-year contract with ONGC Limited for the vessel "Canara Pride" valued at approximately INR 102 C. This contract, catering to the domestic market, marks an increase from the previous contract worth INR 46 Cr.
SUMMARY: 3y Operating Profit uptrend | PE 37.6x (Sector PE range 10-40) | Large Order | New Ship | Shipping
- MCap of INR 344 Crore (share price = INR 240 / share) (as on 17th May ‘24)
- TTM PE 37.6x (as on 17th May ‘24) Retail float = 17.1% (Mar-24)
FOOD FOR THOUGHT: Highly Competitive Sector | Negative Operating cash flow for FY ‘24
What are the products and services of Sadhav Shipping?
Sadhav Shipping Limited (SSL), headquartered in Mumbai and established in 1996, aimed to own and operate marine assets catering to port services, coastal logistics, and related maritime activities. Currently, SSL possesses and operates a fleet of 24 vessels, comprising 19 owned and 5 chartered vessels, serving various sectors of the Indian maritime trade.
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Kaynes Technology India Ltd.
Recent filing: (EXCELLENT RESULTS) For the quarter ending Mar-24 for Kaynes Technology India, Sales up 75% YoY from INR 365 Cr in Mar-23 to INR 637 Cr in Mar-24. Similarly, Net Profit up 98% from INR 41 Cr to INR 81 Cr. On a QoQ basis, Sales up 25% and Net Profit up 80%.
SUMMARY: 4y Operating Profit uptrend |3q Operating Profit uptrend | PE 108x (Sector PE range 50-100) | Excellent Mar-24 results | Orderbook INR 4,152 Cr (Mar-24, 2.3x TTM Revenue) | EMS
- MCap of INR 19,754 Crore (share price = INR 3,090 / share) (as on 17th May ‘24)
- TTM PE 108x (as on 17th May ‘24) Retail float = 5.8% (Mar-24)
FOOD FOR THOUGHT: Highly competitive sector | Volatility in raw material prices | PE above sector range.
What are the products and services of Kaynes Technology India?
Incorporated in 2008, Kaynes Technology provides end to end and IoT solutions enabled integrated electronics manufacturing player. It has experience in providing conceptual design, process engineering, integrated manufacturing life-cycle support for major players in automotive, industrial, aerospace, defence, railways, Internet of Things (IoT), Information Technology (IT) etc.