Trackpad

Shipping company contracts to sell its 2005-built medium range product tanker "Jag Pranav" 

Founded in 1948 with the purchase of a Liberty ship, Great Eastern Shipping Company Ltd (GE Shipping) has grown into India's largest private sector shipping company by FY24. As of FY24, GE Shipping and its subsidiaries operate 43 ships and 23 offshore assets, cementing its position as a major player in the Indian shipping and oil drilling services industry. 

Recently, GE Shipping contracted to sell its 2005-built Medium Range Product Tanker, Jag Pranav, a vessel of approximately 51,383 dwt, to an unaffiliated third party on July 23, 2024. The delivery to the new buyer is scheduled for Q2/Q3 FY25. Including Jag Pranav, the company’s current fleet comprises 43 vessels: 29 tankers (6 crude carriers, 19 product tankers, and 4 LPG carriers) and 14 dry bulk carriers (2 Capesize, 8 Kamsarmax, and 4 Supramax), aggregating to a total of 3.41 million dwt. In addition to this sale, GE Shipping had previously contracted to sell another MR product tanker in May 2024 and purchase one in June 2024, with both transactions set for delivery in Q2 FY25. These strategic moves reflect GE Shipping's dynamic approach to fleet management and its commitment to maintaining a robust and versatile fleet. According to the shareholding pattern, promoters own 30.08 per cent, and 28.05 per cent is owned by public investors. FIIs and DIIs own 24.51 per cent and 17.36 per cent stake in the company. Investors must keep this Small-Cap stock on their radar. 
 

Cellecor Gadgets expands its presence with 2 more exclusive brand stores in Mizoram and New Delhi 



Cellecor Gadgets Limited, a trailblazer in India's consumer durables sector, announces the opening of two new Exclusive Brand Stores in Mizoram and New Delhi. These openings mark a significant stride in Cellecor's commitment to embracing diverse markets, expanding its reach into key regions and reflecting its commitment to accessibility, quality, and innovation across varied markets. The Mizoram Exclusive Brand Store extends Cellecor's footprint to India's northeastern border, bridging geographical gaps to offer state-of-the-art consumer electronics. This expansion underscores the company's dedication to meeting the diverse needs of consumers nation-wide while fostering local entrepreneurship through its franchise-based model. 

While the opening of an Exclusive Brand Store in New Delhi represents Cellecor's strategic shift towards urban markets, particularly catering to the dynamic preferences of the youth demographic. This move not only enhances Cellecor's visibility in a bustling metro but also sets the stage for the introduction of its upcoming trend-setting Premium Brand, anticipated to redefine luxury and technological sophistication. 

Additionally, Cellecor Gadgets Ltd informed that the Board of Directors of the Company has announced a stock split in the ratio 10:1 i.e., sub-division of 1 equity share of the company having a face value of ₹10 each into 10 equity shares of the company having a face value of Re 1. The Board fixed the record date for the stock split as Friday, August 09, 2024.Investors must keep this Small-Cap stock on their radar. 


Sylph Technologies board converts 1,35,00,000 warrants into equal number of equity shares 

Sylph Technologies Ltd, in a Board of Directors meeting held on June 19 2024, approved the allotment of 1,35,00,000 equity shares on the conversion of 1,35,00,000 warrants into equity shares of face value Re 1 each at an issue price of ₹3.20 each (including a premium of ₹2.20 per share). This allotment, made on a preferential basis to the "Non-Promoters/Public Category," followed the receipt of the balance amount of ₹3,24,00,000 at ₹2.40 per warrant (75 per cent of the issue price) from VKC Corporation Solutions Pvt Ltd, Sygnific Corporation Solutions Pvt Ltd, and Manoj Gupta. 

Each of these entities converted a specified number of warrants into equity shares, with the total conversion amounting to 1,35,00,000 equity shares. The conversion process adhered to SEBI (ICDR) Regulations, 2018. With this conversion, the issued and paid-up capital of Sylph Technologies Ltd has increased to `35,86,66,000 consisting of 35,86,66,000 equity shares of Re 1 each. These new shares will rank pari-passu with the existing shares. Additionally, 4,28,34,000 warrants remain outstanding for conversion, allowing holders to convert them into equity shares by paying the remaining 75 per cent (₹2.40 per warrant) within 18 months from the allotment date. This preferential allotment includes 1,35,00,000 equity shares issued at ₹3.20 each upon conversion and the receipt of the balance amount, resulting in a total of ₹3,24,00,000. 

Sylph Technologies Ltd., established in 1992, offers a diverse range of services beyond its core software development, encompassing newspaper distribution, financial instrument trading, solar power plant trading, IT services, newspaper printing, business process outsourcing, and knowledge process outsourcing. The company has a market cap of ₹55.3 crore and its 100 per stake is owned by the public shareholder. 

multibagger solar EPC company emerges as winning bidder for 116 MW (150 MWp) of solar projects in Gujarat 

Gensol Engineering Ltd. (BSE: 542851) (NSE: GENSOL), a pioneer in solar power engineering, procurement, and construction (EPC) services and the electric mobility sector, has emerged as the winning bidder for 116 MW (150 MWp) of solar projects in Gujarat with approx. EPC revenue of `600 crore. These projects will be distributed across 27 diverse locations, all under the purview of Paschim Gujarat Vij Co. Ltd. (PGVCL), the state electricity distribution company 

These projects aim for feeder-level solarisation and are anticipated to be operational within 12 months following the issuance of the Letter of Award (LoA). The solarisation of agricultural feeders that are either already segregated or primarily serve agricultural loads by installing grid-connected solar projects to meet their annual power requirements. At the feeder level, solar power projects can be deployed to fulfil the power needs of single or multiple agricultural feeders from a distribution substation. 

Established in 2012, Gensol Engineering Limited, part of the Gensol group, provides comprehensive engineering, procurement, and construction (EPC) services for solar power plants globally, with a proven track record of installing over 770 MW of solar capacity across ground-mounted and rooftop installations. 

According to Quarterly Results, the net sales increased by 147 per cent to ₹412 crore, EBITDA increased by 188 per cent to ₹92 crore and profit after tax increased by 168 per cent to ₹20 crore in Q4FY24 compared to Q4FY23. In its annual results, the net sales increased by 147 per cent to ₹996 crore, EBITDA increased by 218 per cent to ₹260 crore and profit after tax increased by 129 per cent to ₹53 crore in FY24 compared to FY23. 

LIC-backed multibagger wind-solar stock delivers stellar Q1FY25 performance with 200 per cent YoY profit growth to ₹302 crore 



Suzlon Group, India’s largest renewable energy solutions provider, announced its first quarter results for the financial year 2024‐25 (Q1FY25). The company reported a stellar Q1FY25 performance, with a year-over-year profit growth of 200 per cent to ₹302 crore. This strong performance was driven by several factors, including a 103 per cent increase in deliveries to 274 MW, the highest Q1 delivery in 7 years. Revenue also grew by 50 per cent to ₹2,016 crore and EBITDA reached a record high of ₹370 crore, representing an 86 per cent increase year-over-year. The company also reported a healthy net cash position of ₹1,197 crores as of June 30, 2024. 

Suzlon is one of the leading global renewable energy solutions providers. It is a vertically integrated WTG manufacturer. It also undertakes installation and O&M of all WTG sales. Operations include design development and manufacturing of all major components, including rotor blades, tubular towers, generators, control equipment, gears and nacelles. Apart from manufacturing, it offers a full gamut of wind project planning and execution services, including wind resource assessment, infrastructure and power evacuation, technical planning and execution of wind power projects. It also offers O&M services in India and overseas countries. 

In June 2024, FIIs increased their stake to 21.53 per cent and DIIs increased their stake to 9.17 per cent stake compared to 19.57 per cent and 6.30 per cent respectively, in March 2024. The stock gave multibagger returns of 180 per cent in 1 year and a whopping 1,330 per cent in 5 years. Investors should keep an eye on this Mid-Cap stock. 


H.G. Infra Engineering Limited bags new order worth ₹709.11 crore from East Central Railway 

H.G. Infra Engineering Limited was awarded a project by East Central Railway to construct a double-line track in the GayaSon Nagar section of Bihar. The project involves building a new third and fourth track, including earthwork, blanketing, minor and major bridges, electrification works, and other miscellaneous works. The new track will be designed to handle a 32.5 T axle load and will include electrical traction (2x25 KV). The project is estimated to cost ₹709.11 crore and is expected to be completed in 36 months. The appointed date for the project commencement was June 22, 2024. 

H.G. Infra Engineering Limited (HGIEL) is an Indian road infrastructure company engaged in the business of engineering, procurement and construction (EPC) services, maintenance of roads, bridges, flyovers and other infrastructure contract works. The company has a market cap of over ₹11,000 crore and reported amazing numbers in its quarterly results and annual results. 

As of March 2024, Abakkus Emerging Opportunities Fund – 1 (owned by a renowned ace investor, Sunil Singhania) owns a 1.44 per cent stake in the company. As of March 2024, FIIs have increased their stake to 1.68 per cent compared to 1.34 per cent in March 2023. The stock has an ROE of 24 per cent and a ROCE of 24 per cent. The stock gave multibagger returns of over 100 per cent on a YTD basis whereas BSE Sensex Index is up by 11.4 per cent. Investors should keep an eye on this small-cap stock. 

Vijay Kedia’s portfolio multibagger telecom stock reports a turnaround net profit and DIIs increase in Q1FY25 

Tejas Networks Ltd is a global R&D-driven telecom equipment company headquartered in India. It designs, develops and manufactures high-performance optical and data networking products that are used by telecom service providers, utilities, government and defence networks. Quarterly Results: The net sales increased by 731 per cent to ₹1,562.77 crore in Q1FY25 compared to Q1FY24. The company reported a turnaround operating profit of ₹243.06 crore and a net profit of ₹77.48 crore in Q1FY25 while it reported an operating loss of ₹26.79 crore and a net loss of ₹26.29 crore in Q1FY24: increasing by 1,000 per cent and 395 per cent, respectively. 

Annual Results: The net sales increased by 168.1 per cent to `2,470.92 crore in FY24 compared to FY23. The company reported a turnaround net profit of 62.98 crore in FY24 while it reported a net loss of ₹36.41 crore in FY23: increasing by 273 per cent. The company’s order book as of June 30, 2024, stands at ₹7,091 crore. The company has a market capitalisation of over ₹22,000 crore. Vijay Kedia, an ace investor, owns Kedia Securities Private Limited, which has a 1.87 per cent stake in Tejas Networks Ltd as of June 2024. Additionally, as of July 2024, the promoters own a 55.50 per cent stake, FIIs own a 10.20 per cent stake and DIIs own a 4.91 per cent stake (In June 2024, DIIs increased their stake to 4.91 per cent compared to 4.76 per cent in March 2024). 

5:1 stock split to be announced by Master Trust Ltd; Do you hold it? 

Incorporated in 1985, Master Trust Ltd is engaged in lending, as well as the sale and purchase of securities and land. The Board of Directors of the Company has scheduled a meeting for Wednesday, August 7, 2024, at the Company’s registered office in Ludhiana. The agenda includes: 

• Considering the proposal to subdivide/split the existing equity shares of the Company from 1 (one) equity share with a face value of ₹5 each, fully paid-up, into 5 (five) equity shares with a face value of ₹1 each, fully paid-up, subject to shareholder approval. 
• Reviewing, approving, and taking on record the unaudited financial results (both standalone and consolidated) for the quarter ended June 30, 2024. 
• Any other matters that the Board may decide during the meeting. 
  
  As per the Quarterly Results, in the fourth quarter of FY24, Master Trust Ltd recorded a revenue of ₹164 crore. The operating profit for Q4 FY24 stood at ₹69 crore. The net profit for Q4 FY24 was ₹38 crore. Looking at the annual performance, the company generated a revenue of ₹500 crore in FY24, compared to ₹339 crore in FY23. The operating profit for FY24 was ₹204 crore, with a net profit of ₹108 crore. Regarding the shareholding pattern, the promoters own 73.77 per cent of the company and the public or retail investors hold 26.23 per cent.stake to 4.91 per cent compared to 4.76 per cent in March 2024). 

Power Mech Projects bags a new order worth ₹209.50 crore from Hindustan Zinc 

Power Mech Projects Limited (PMPL) informed that the company was awarded a substantial domestic order valued at `209.50 crore. This project entails the operation and maintenance of a 3X91.5 MW captive power plant (CPP) located at the Chanderiya facility of Hindustan Zinc Limited in Chittorgarh, India. The agreement specifies a four-year timeframe (48 months) for Power Mech Projects Limited to complete the assigned tasks of operating and maintaining the aforementioned CPP. This signifies a successful bid by Power Mech Projects Limited and potentially strengthens its position within the domestic engineering sector. Earlier, PMPL secured a massive ₹563.23 crore contract for its first foray into the nuclear power sector. This deal involves civil, structural and architectural work for the upcoming Kaiga Atomic Power Project Units 5 and 6 (each 700 MWe) in Karnataka, utilizing Pressurized Heavy Water Reactor (PHWR) technology. Established in 1999, Power Mech Projects Limited is an engineering and construction company offering comprehensive services for power plants, including building, testing, and maintaining boilers, turbines, and generators, as well as civil works and ongoing operations.