Vinsys IT Services Bulk Deal, K.P. Energy Excellent Results And RedTape New Warehouse

Vinsys IT Services Ltd.

Recent filing: (BULK DEAL) Bofa Securities Europe Sa bought 82.5k shares of Vinsys IT Services at INR 364/share, aggregating to INR 3 Cr.

(BREAKOUT) Shares of Vinsys IT Services gave a breakout on 22nd Apr 2024.

SUMMARY: 3y Operating Profit uptrend | PE 26.2x (Sector PE range 30-50) | Geographical expansion | Ace Investor | Institutional Entry | New-Age IT

  • MCap of INR 524 Crore (share price = INR 357/ share) (as on 23rd Apr ‘24)
  • TTM PE 26.2x (as on 23rd Apr ‘24) Retail float = 10.5% (Mar-24)

FOOD FOR THOUGHT: Saurabh Tripathi reduced his stake from 1.02% in Sep-23 to less than 1% (possibly to 0%) in Mar-24

What are the products and services of Vinsys IT Services?

Vinsys is a globally recognized provider of a wide array of professional services designed to meet the diverse need of organizations across the globe. Company specializes in Technical & Business Training, IT Development s& Software Solutions, Foreign Languages Services, Digital Learning, Resourcing & Recruitment and consulting.

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K.P. Energy Ltd.

Recent filing: (EXCELLENT RESULTS) For the quarter ending Mar-24 for KP Energy, Sales up 40% YoY from INR 148 Cr in Mar-23 to INR 207 Cr in Mar-24. Similarly, Net Profit up 61% from INR 15 Cr to INR 25 Cr. On a QoQ basis, Sales up 2.5x and Net Profit up 2.7x.

(ORDER) KP Energy has received new order for development of 9MW wind power project forming part of the wind-solar hybrid power project to be developed in Gujarat. Project is awarded by Bhathwari Technologies under Captive Power Project segment, needs to be completed in FY25.

SUMMARY: 4y Operating Profit uptrend | 2q Operating Profit uptrend | PE 46.9x (Sector PE range 30-50) | Excellent Mar-24 results | Strategic Partnerships | Clean Energy

  • MCap of INR 2,733 Crore (share price = INR 410 / share) (as on 23rd Apr ‘24)
  • TTM PE 46.9x (as on 23rd Apr ‘24) Retail float = 24.4% (Mar-24)

FOOD FOR THOUGHT: PE higher end of sector range | Selling by Director and Immediate Relatives

What are the products and services of K.P. Energy?

KP Energy Limited is a balance of plant (BoP) solution provider for the Wind Energy industry. The company engages throughout the development process of wind farms, right from conceptualization until the commissioning of the project.

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RedTape Ltd.

Recent filing: (NEW WAREHOUSE) Redtape has commenced online operational activity from its new warehouse situated at Thane, Maharashtra. This new warehouse has storage area of 60,000 square feet and will help the Company to fulfil delivery of the products more efficiently to the online shopping customers.

SUMMARY: 2y Operating Profit uptrend | PE 58.1x (Sector PE range 30-70) | Geographical expansion | Partnerships | New Warehouses | Fund Entry | Consumption

  • MCap of INR 9,881 Crore (share price = INR 715 / share) (as on 23rd Apr ‘24)
  • TTM PE 58.1x (as on 23rd Apr ‘24) Retail float = 11.3% (Mar-24)

FOOD FOR THOUGHT: Footwear and Garments industries highly fragmented, high competition from unorganized as well as increasing presence of international brands

What are the products and services of RedTape?

RedTape is known for emerging as one of the Finest Brands of Footwear and Clothing for Men, Women and Kids. It has emerged as a complete Family Fashion Destination by providing the Best International Styles and World-Class Quality through Shoes, Apparels and Accessories for all age groups. It owns a Portfolio of Well-Recognized Brands: RedTape, MODE (RedTape London), Bond Street (RedTape London). The Company got demerged from Mirza International in Aug 2023.

Also Read: KP Green Engineering Excellent Results, Premier Explosives Fund Raise And Systango Technologies Order