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BEML which is into Defence and Aerospace Bags an Order Worth ₹675 Crore!

BEML has received a letter of acceptance for the design, manufacture and commissioning of 10 Trainsets (Sleeper) on the Vande Bharath platform, from Integral Coach Factory, Chennai. The total value of the order is ₹675 crore, exclusive of taxes. Bharat Earth Movers Limited manufactures heavy earthmoving equipment for the mining and construction industries, as well as vehicles for the defence forces and coaches for the metro and Indian Railways.

Talking about the financials, BEML has a market cap of ₹6,000 crore with 3 years CAGR of 43 per cent. In both quarterly and annual financial statements, the company reported positive results. According to annual results, the company reported excellent numbers, where net sales increased by 20.57 per cent and net profit increased by 87 per cent in FY22 over FY21. The stock has a 52-week high of ₹1,659 and a 52-week low of ₹922.74. The stock gave multibagger returns of 210 per cent in just 3 years whereas the BSE Mid-Cap index is up by 110 per cent. 

 

Shares of Rajoo Engineering Surged after Receiving an Order Worth ₹31 Crore!

The reason behind the sudden rise in the stock price is that the company has received an order from an international entity (Europe) for the supply of an extrusion machine. The order is worth ₹31 crore and will be completed in 12 months from LOI. Rajoo Engineers Limited manufactures plastic-extrusion machinery in Gujarat. The company designs and manufactures machines and offers customised solutions as per customers’ requirements. The company reported positive numbers in its Quarterly Results and annual results. The company is almost debt-free and its current debt is just 1.52 crore which is just 0.62 per cent of its market cap of ₹245 crore 

Veerkrupa Jewellers Company Announces bonus Shares and Stock Split!

Veerkrupa Jewellers Ltd declared bonus shares in the ratio of 2:3 and a stock split in the ratio of 10:1. The company verified the record date for the stock split and bonus shares as Friday, May 19, 2023. The Board of Directors of Veerkrupa Jewellers has considered and approved the issue of bonus shares in the ratio of 2 bonus shares for every 3 existing shares to the shareholders and has also approved a split of the nominal value of 1 (one) equity share of ₹10 (Rupees Ten) each into 10 (Ten) equity shares of ₹1 (Rupees One) each subject to necessary permissions and approvals. Incorporated in 2019, Veerkrupa Jewellers Ltd is in the business of trading jewellery-based products. The company manufactures and trades different types of gold and silver jewellery products like chains, necklaces, bangles, chains, bracelets, etc. Talking about finances, this SME stock has a market cap of ₹52.92 crore. The company reported positive results in both quarterly and annual financial statements. 

 

SONA BLW Precision Forgings Announces Exclusive Collaboration to Bring Next-Gen Electric Powertrains!
 

The company informed the exchange that it has entered into a technology licensing agreement with UK-based company Equipmake to utilize its high-performance electric powertrain technology. Equipmake's patented technology offers exceptional power density, efficiency and performance, making it an ideal choice for electric cars, buses and commercial vehicles. Under the agreement, Sona Comstar will manufacture and sell electric vehicle (EV) powertrains, subsystems and components based on Equipmake's technology

The licensing agreement specifies that Equipmake will grant Sona Comstar the license to certain patented spoke motor and inverter technology in the power range of 100 kW to 440 kW. Sona Comstar will exclusively manufacture and sell EV powertrains, sub-systems and components for target applications in India, Thailand and select South Asian countries. Equipmake, on the other hand, will handle sales in the rest of the world. Both companies expect to begin serial production of these systems in 2025.

Equipmake brings over 20 years of experience in developing and integrating electrification products for electric vehicle drivetrains. Their expertise lies in ultra-high-performance electric motors, complete EV drivetrains and fast-power electronic systems. With this partnership, Sona Comstar aims to expand its offerings beyond traction motors and controllers for two- and three-wheelers to include high-voltage motors and inverters for passenger cars, electric buses, commercial vehicles and off-road vehicles. 

Sona BLW Precision Forgings is an India-based automotive technology company. The company is engaged in designing, manufacturing and supplying engineered automotive systems and components across all vehicle categories. 

 

Patel Engineering Delivers Outstanding Results; Hits a New High!



Patel Engineering Ltd, one of the pioneers in integrated infrastructure and construction services in India has announced its financial results for the quarter and year ended March 31, 2023. Quarterly Updates: The net sales increased by 16.77 per cent to ₹1,298.03 crore and the net profit skyrocketed 297.94 per cent to ₹84.36 crore with EPS of ₹1.56 in Q4FY23 compared to Q4FY22. 

Annual Updates: The net sales increased by 24.31 per cent to ₹4,201.97 crore and the net profit skyrocketed 181.43 per cent to ₹154.81 crore with EPS of ₹3.19 in FY23 compared to FY22. The total order book as on March 31, 2023, stands at ₹20,806.70 crore (including L1) which is at an all-time high. Rupen Patel, Chairman & Managing Director, Patel Engineering Limited said, “This year has been exciting with new projects coming onboard and taking our order book to an all-time high beyond ₹20,000 crore. We have achieved improved revenue and profit figures showcasing the strength and resilience of our business in a competitive environment. I would also like to thank all stakeholders for their trust in us on our recent successful Rights Issue. Moving forward we remain committed to achieving exponential developments in the infrastructure segment of the country contributing to the overall economic development.” Patel Engineering Ltd is engaged in the construction of dams, bridges, tunnels, roads, piling works, industrial structures and other kinds of heavy civil engineering works. 

 

KCD Industries India has Announced a Rights Issue!

Recently, KCD Industries announced a rights issue in the ratio of 19:7 for the equity shareholders aggregating to a total of 2.72 crore shares. The rights issue price is ₹18 per equity share (including a premium of ₹17 per equity share) with the issue opening date as May 31, 2023, and the closing date as June 14, 2023.

KCD Industries India Ltd., incorporated in the year 1985, is a Small-Cap company (having a market cap of ₹25.90 crore) engaged in the business of construction. The company has also received multiple orders from the Government of India projects. The company reported excellent results in both quarterly and annual financial statements. In Q3FY23, net sales skyrocketed by 7,200 per cent and net profit skyrocketed by 3,450 per cent over Q3FY22. The stock has a 52-week high of ₹29.60 and a 52-week low of ₹7.38. 


 

Jupiter Wagons Completed Fundraising of ₹125 Crore Through QIP

Jupiter Wagons Ltd (JWL) has completed its ₹125 crore fundraising effort through a qualified institutional placement (QIP). Investors including Tata Mutual Fund, Ananta Capital, ITI Mutual Fund, and others responded enthusiastically to the QIP. Jupiter Wagons Ltd will use the money raised through QIP to expand more quickly and keep up its position as one of the most rapidly expanding businesses in the mobility solution industry. JWL intends to use the money for other business needs, the purchase of Stone India, and working capital management. 

Its 52-week high stood at ₹127.80, whereas its 52-week low was ₹45.80. The current market cap of the company is ₹4,633.87 crore. Promoters hold 74.62 per cent, whereas the Institutional and non-institutional holdings are 1.50 per cent and 23.88 per cent, respectively. The company makes vehicle bodies for the commercial vehicle industry for Original Equipment Manufacturers ("OEMs") who make Fully Built Vehicles ("FBVs"). In addition, the organisation has established enduring bonds with OEMs like Tata Motors and the Ministry of Defence, as well as with business organisations operating sizable private fleets of vehicles including Reliance Petroleum, Reliance Industries, and Som Datt Builders. Further, it has a wide range of product offerings in the commercial vehicles division. Vehicle bodies designed & manufactured by the company cater to a variety of requirements in different industries and sectors. 

 

PSP Projects Wins Orders Worth ₹317.13 Crore!

PSP Projects informed both exchanges that the company has received work orders worth ₹317.13 crore. Details of the orders are below: Order Details: The company has received a work order from Narmada Water Resources, Water Supply & Kalpsar Department for the development of the Dharoi Dam region as a world-class sustainable tourist/pilgrimage destination – road, infrastructure & adventure water sports arena (Package – 1). The order will be completed within 18 months from LOI.

PSP Projects Limited is a construction company offering a diversified range of construction and allied services across industrial, institutional, government, government residential and residential projects in India. It is also engaged in the real estate development of two mid-scale projects in the USA through its subsidiaries. The company's shares are trading at a PE of 17.65x whereas the sectoral PE is 35.60x and an ROE of 27 per cent, all of which indicate strong managerial performance. The stock gave multibagger returns of 120 per cent in just 3 years.