Vintage Coffee & Beverages Opening of First Premium Cafe, Systematix Corporate Service Fund Raise And Refex Industries Acquisition
Vintage Coffee & Beverages Ltd.
Recent filing: (OPENING OF FIRST PREMIUM CAFE) A Wholly Owned Subsidiary (WOS) of Vintage Coffee announced the grand opening of its first Premium Café Lounge at Navi Mumbai. This milestone event will also unveil Vintage Coffee’s new e-commerce platform, allowing customers to conveniently access the company’s elite products online.
SUMMARY: 3y Operating Profit uptrend | 5q Operating Profit uptrend | PE 100x (Sector PE range 30-70) | Excellent Jun-24 results | Fund Raise | Promoter Buying | Institutional Entry | Capacity Expansion | Consumer Discretionary
FUTURE OUTLOOK: As per Investor Presentation published in Mar-2024, Company anticipates 150% increase in revenue by FY25. Company has made the strategic decision to enhance the production capacity by an additional 2000 MT, aiming for an annual capacity of 6500 MT. The process of installing this additional capacity will commence in the upcoming months and is expected to be completed by the end of the Q4FY25. Company also aims to ramp up utilisation of current 4500 MTPA capacities by end of Q2FY25 to 100% from 52% in Q3FY24.
- MCap of INR 1,484 Crore (share price = INR 121 / share) (as on 16th Sep ‘24)
- TTM PE 100x (as on 16th Sep ‘24) Retail float = 7.2% (Jun-24)
FOOD FOR THOUGHT: Negative Operating cash flow for FY24 | PE is above sector range
Q1. What are the Products and Services offered by Vintage Coffee & Beverages?
Incorporated in 2015 in Hyderabad, Vintage Coffee offers high quality spray and agglomerated instant coffee products in good packaging to both, bulk as well as private firms at competitive price. It is run by professionals with a combined experience of over 100 years in the Instant Coffee Industry with expertise in the areas of Technology, Production, High Quality Standards, Consistency, Export Commercials, Sales and Customer Service.
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Systematix Corporate Services Ltd.
Recent filing: (FUND RAISE) BoD of Systematix Corporation announced the issuance of 6.7L shares at INR 1,531/share, aggregating to INR 103 Cr through preferential equity allotment. The funds raised will fuel strategic initiatives across Company's diverse business verticals, including the launch of two Alternative Investment Funds (AIFs) - Category I and Category III.
SUMMARY: PE 41.6x (Sector PE range 20-50) | Promoter buying | Fund Raise | Financial Services
- MCap of INR 2,109 Crore (share price = INR 1,625 / share) (as on 16th Sep ‘24)
- TTM PE 41.6x (as on 16th Sep ‘24) Retail float = 6.2% (Jun-24)
FOOD FOR THOUGHT: Average to week results in Jun-24 quarter.
Q1. What are the Products and Services offered by Systematix Corporate Services ?
Founded in 1985 by Mr. Chandra Prakash Khandelwal, Systematix Group stands as a cornerstone of integrity and trust in India's financial landscape. Offering a diverse range of services, including Investment Banking, Merchant Banking, Broking, Wealth and Portfolio Management, NRI services, and more, the institution caters to a broad clientele, including FIIs, DIIs, corporates, and retail investors. With a robust presence in equity, derivative, commodity, and currency markets, Systematix boasts a wide network spanning over 100 cities, establishing itself as a prominent player in India's financial markets.
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Refex Industries Ltd.
Recent filing: (ACQUISITION) Refex Industries wholly-owned subsidiary has acquired the remaining 50% equity stake in Refex EV Fleet Services Private Limited, a company engaged in providing passenger and logistics transportation services, charging infrastructure, and related businesses. With a FY24 turnover of ₹2.3 lakh, this acquisition aims to expand the company's operations in the EV fleet services and green mobility sector.
SUMMARY: 1y Operating Profit uptrend | 3q Operating Profit uptrend | PE 58.1x (Sector PE range NA) | Business expansion (EV Leasing) | Acquisition | Fund raise | Promoter buying | EV Leasing
FUTURE OUTLOOK: As per Q1FY25 Investor Presentation, Company is entering into MOUs and alliances with industry associations and environmental organizations for collaborative sustainability initiatives | Company is investing in R&D efforts to explore innovative technologies and processes for ash recycling and utilization, aiming for a revenue growth of 2X through these strategic initiatives | Company will focus on increasing its fleet size to 5,000 EVs by end of FY27 | Company aims to diversify its contract portfolio by engaging in short-term and medium-term agreements with both power generators and buyers nationwide.
- Mcap of INR 5,869 Crore (share price = INR 486 / share) (as on 16th Sep ’24)
- TTM PE 58.1x (as on 16th Sep ’24) Retail float = 27.6% (Jul-24)
FOOD FOR THOUGHT: Intensive working capital cycle | Presence of high counterparty risk in the revenue profile
Q1. What are the Products and Services offered by Refex Industries ?
Refex Industries is the first mover in the Refrigerant Gas Vertical. It has an expertise in manufacturing & refilling of refrigerant gases replacing chloro-fluoro-carbons. It recently incorporated a wholly owned subsidiary in the name of ‘Refex Green Mobility’. ‘Refex eVeelz’ is the brand under which the subsidiary operates.
Refex eVeelz is one of India’s all-electric 4-wheeler fleet, providing an eco-friendly and environmentally conscious transport solution to corporate employees and other commuters. It offers 100% EV fleet, drivers, infrastructure, and technology. Company is also into the space offering services to power plant like handling and disposal of Fly Ash, Round the clock services for coal yard management, crushing of uncrushed coal and Coal trading to power plants.