ITI Limited specializes in manufacturing, trading, and servicing telecommunication equipment, along with offering associated and ancillary services. Its primary revenue streams include turnkey projects (78%), service offerings (19%), and manufacturing/trading (3%). Major projects under the turnkey segment include BharatNet, ASCON, and e-governance initiatives, with notable clients such as BSNL, MTNL, and Indian Defense Services. The company’s service offerings encompass contract manufacturing, equipment testing, and IT solutions, while its product range includes energy meters, rugged telephones for defense, Wi-Fi equipment, and solar panels. ITI maintains strong ties with government agencies, PSUs, and state governments, which accounted for 76% of its FY20 revenues. With an order book of ₹12,000 crores, including BharatNet Phase 2 and ASCON Phase 4, the company is executing large-scale projects worth ₹4,800 crores and₹7,800 crores, respectively. Backed by a ₹4,150 crore government-approved revival plan, ITI has received substantial equity and grants to support its operations and new projects.
Latest Stock News (6 Jan 2025)
Past two trading sessions the stock surged with upper circuit with high volumes showed a great signs earlier but on January 07, 2025 stock suddenly hit the lower circuit of 10%, sensing the quick profit booking and a case of pump and dump situation creating a panic situation for investors and worrying about the stock’s future. But, the company clarified to public that there was no manipulation from their side and it random abnormal trade happened in stock.
Shareholding Pattern as on September 2024
Key Stats
Market Cap
₹47048 Crore
Revenue
₹2396 Crore
Profit
₹-474 Crore
ROCE
-8.43%
P/E
–
Peer Comparison
Amt in ₹ Cr
MCap
Sales
PAT
ROCE
Asset Turn.
EV/EBITDA
D/E
P/E
ITI Ltd
47048
2396
-474
-8.43%
0.13
-258
1.07
–
Astra Microwave
7454
969
130
18.7%
0.72
32.03
0.31
57.1
Avantel
3655
229
62
47.5%
1.19
38.3
0.08
59.3
BEML Ltd
15959
4054
286
15.25%
0.76
32.9
0.24
55.9
Financial Trends
Amount in ₹ Cr
2020
2021
2022
2023
2024
Revenue
2059
2362
1861
1395
1264
Expenses
1914
2313
1753
1549
1582
EBITDA
144
50
107
-154
-318
OPM
7%
2%
6%
-11%
-25%
Other Income
184
161
255
53
43
Net Profit
146
9
119
-360
-569
NPM
7.1%
0.4%
6.4%
-25.8%
-45.0%
EPS
1.58
0.1
1.27
-3.79
-5.92
Stock Price Analysis
In terms of performance, ITI has shown a return of -9.99% in one day, 33.15% over the past month, and 109.49% in the last three months. Over the past 52 weeks, the shares have seen a low of ₹210.2 and a high of ₹548.7. The stock has experienced fluctuations today, with a low of ₹491.25 and a high of ₹592.85, The volatility is very high in this month which has also raised suspicion on company’s management for stock price manipulation, but is resolved now by the company.
Standard Glass Lining IPO is a book built issue of Rs 410.05 crores. The issue is a combination of fresh issue of 1.50 crore shares aggregating to Rs 210.00 crores and offer for sale of 1.43 crore shares aggregating to Rs 200.05 crores.
About Standard Glass Lining Technology Limited
Established in September 2012, Standard Glass Lining Technology Limited specializes in manufacturing engineering equipment for India’s pharmaceutical and chemical industries. With a fully integrated in-house production process, the company delivers end-to-end solutions tailored to its clients’ needs. Their consumers are from paint, biotechnology, pharmaceutical, and food beverages. Their promoters play a crucial role in the growth of the company as they are skilled and experts in leadership.
Its turnkey offerings encompass design, engineering, manufacturing, assembly, installation, and operational support for pharmaceutical and chemical manufacturing facilities.
The product range includes: Reaction Systems and Storage, Separation, and Drying Systems.
IPO Subscription Period
Open Date: January 6, 2025
Close Date: January 8, 2025
Allotment Date: January 9, 2024
Listing Date: January 13,2025
Stock Exchanges: BSE and NSE
Pricing Details
Price Band: ₹133 – ₹140 per Share
Face Value: ₹10 per Share
Minimum Lot Size: 107 shares
Investment Requirement:
Retail Investors: Minimum ₹14980 (107 shares)
Small Non-Institutional Investors (sNII): 14 lots (1498 shares) – ₹209720
Big Non-Institutional Investors (bNII): 67 lots (7169 shares) – ₹1003660
Credit of Shares to Demat: Friday, January 10, 2025
Listing Date: Monday, January 13, 2025
Cut-off time for UPI mandate confirmation: 5 PM on January 8, 2025
Book Running Lead Managers
Standard Glass Lining Technology Limited has appointed prominent financial institutions as book-running lead managers for the IPO:
IIFL Securities Ltd
Motilal Oswal Investment Advisors Ltd
Kfin Technologies Limited has been designated as the registrar for the IPO.
Promoter Information
Promoter: The promoters of the company are Nageswara Rao Kandula, Kandula Krishna Veni, Kandula Ramakrishna, Venkata Mohana Rao Katragadda, Kudaravalli Punna Rao and M/s S2 Engineering Services.
Shareholding:
Pre-Issue: 72.49%
Post-Issue: -
Financial Highlights
Revenue: In FY22 revenue was ₹241 crores, in FY23 it was ₹500 and in FY24 it is ₹549 crores.
Profit after Tax (PAT): FY22- ₹25 crore, FY23- ₹53 crores and FY24- ₹60 crores.
Net Worth: ₹448 crores
Total Borrowing: ₹174 crores
Key Performance Indicators (KPIs):
ROE: 20.7%
RoNW: 25.5%
P/BV: 5.7
EPS (Pre-IPO): ₹3.25
EPS (Post-IPO): ₹3.64
P/E Ratio (Pre-IPO): 43.04x
P/E Ratio (Post-IPO): 38.5x
IPO Objectives
The Company intends to utilize the Net Proceeds for the following purposes:
Financing capital expenditure requirements for purchasing machinery and equipment.
Repaying or prepaying, in full or part, certain outstanding borrowings of the Company, as well as supporting its wholly-owned subsidiary, S2 Engineering Industry Private Limited, in repaying or prepaying outstanding borrowings from banks and financial institutions.
Investing in S2 Engineering Industry Private Limited to meet its capital expenditure needs for purchasing machinery and equipment.
Supporting inorganic growth through strategic investments and/or acquisitions.
Covering general corporate purposes.
Subscription Status (As of January 07, 2025)
Retail: 19.97x
QIB: 1.81x
NII: 35.73x
Overall Subscription: 18.16x
Recommendation
We recommend investors to apply the IPO of Standard Glass Lining Technology Ltd, as the revenue is growing year on year and the demand of the industry has risen which is beneficial for the company. The grey market premium as of January 07, 2025, it is approximately 71% showing a great listing gain to investors. For long term the valuation post IPO are also reasonable compared to its peer companies like GMM Pfaudler Ltd, HLE Glasscoat Ltd, Thermax Ltd, etc. provides a better opportunity to investor in long term.
Garware-Wall Ropes (GWRL), founded in 1976, is one of India’s premier technical textiles companies, offering specialist solutions to the cordage and infrastructure industries around the world. The company produces and supplies high-performance polymer ropes, fishing nets, sports nets, safety nets, aquaculture cages, coated fabrics, agricultural netting. The company is among top 50 companies and top 20 in Technical textile manufacturing companies in India. The business segments and their revenue contributions are: Synthetic Cordage 82%, Fibre and Industrial Products & Projects 18%. The clients are working in area of fishing, shipping, aquaculture, coated fabrics, and government sectors. It has two manufacturing facilities located in Pune and Wai with capacity of 80 MT per day of technical fabrics. The company is in 75+ countries with 21,000+ SKUs and export contributes about 60% of its revenue.
Latest Stock News (04-Jan-2025)
The company had announced a 4:1 bonus issue of shares earlier. This means that shareholders will be eligible for four bonus shares for every one share that they hold. This is the first time that the company had announced a bonus issue of shares. Since 2021, the company has also paid ₹16 per share as dividends and also carried out a buyback of equity shares earlier in 2024. The stock will be trading on its ex-bonus price from 6 January, 2025.
Shareholding Pattern as on September 2024
Key Stats
Market Cap
₹9047 Crore
Revenue
₹1428 Crore
Profit
₹226 Crore
ROCE
23.07%
P/E
40.3
Peer Comparison
Amt in ₹ Cr
MCap
Sales
PAT
ROCE
Asset Turn.
EV/EBITDA
D/E
P/E
Garware Tech
9047
1428
226
23.07%
0.81
26.51
0.13
40.12
Jindal Poly Film
4249
4604
149
3.15%
0.39
12.23
1
28.59
Welspun Living
15888
10398
693
16.1%
1.07
11.72
0.69
22.9
S P Apparels
2278
1184
86
13.5%
0.97
15
0.41
26.5
Monte Carlo Fas.
1626
1056
54
10.63%
0.7
13.56
0.89
30.2
Financial Trends
Amount in ₹ Cr
2020
2021
2022
2023
2024
Revenue
953
1035
1189
1306
1326
Expenses
775
830
966
1076
1054
EBITDA
178
204
223
230
272
OPM
19%
20%
19%
18%
21%
Other Income
32
35
25
28
43
Net Profit
141
158
165
172
208
NPM
14.8%
15.3%
13.9%
13.2%
15.7%
EPS
12.85
15.36
15.98
16.9
20.43
Stock Price Analysis
In terms of performance, Garware Technical Fibres has shown a return of -1.78% in one day, -81.24% over the past month, and -77.54% in the last three months. The stock has experienced fluctuations today, with a low of ₹885 and a high of ₹962.95. Over the past 52 weeks, the shares have seen a low of ₹623.22 and a high of ₹985.16, the volatility is stable and the price is in the growth trend as the financials are performing better.
Zomato Limited, which was founded in 2010, is among the top online meal service platforms based on the quantity of food supplied. Among its features are meal delivery, dining-out options, loyalty plans, and more. As of December 31, 2020, Zomato had a significant footprint throughout 23 countries, with 131,233 active food delivery restaurants, 161,637 active delivery partners, and an average monthly food order of 10.7 million clients. It has three brands under its name Zomato, Hyperpure and Blinkit. The revenue contribution of Zomato is Food delivery 70%, Quick Commerce 24% and Going out is 6%. Zomato has active listed restaurants of 390,000 and clients are 16.4 mn monthly. Zomato is working in 1000+ cities and about 500 cities are added in FY22. The company has 28 subsidiaries, 1 trust and 1 associate.
Latest Stock News (04-Jan-2025)
Zomato‘s subsidiary has launched 10 min ambulance in Gurugram, this initiative has covered many eyes on internet. Blinkit is planning to expand this initiative to other major cities which can benefit the Zomato’s image among its customers. Hemal Jain has resigned from her Senior Management Personnel role from Zomato. Zomato has faced a GST charge of ₹401 crore with a penalty. This GST penalty was on the GST collected on the delivery charges.
Shareholding Pattern as on September 2024
Key Stats
Market Cap
₹263309 Crore
Revenue
₹15855 Crore
Profit
₹742 Crore
ROCE
1.14%
P/E
355
Peer Comparison
Amt in ₹ Cr
MCap
Sales
PAT
ROCE
Asset Turn.
EV/EBITDA
D/E
P/E
Zomato
263309
1588
742
1.14%
0.54
183
0.05
355
Swiggy
121200
11247
-2304
-68.8
1.03
-67
0.15
–
Info Edge
116956
2663
485
3.65
0.1
89.6
0.01
245
FSN E-Commerce
47985
7077
42.9
6.87%
2.01
117
1
1121
One 97
62641
8278
-2013
-8.5%
0.57
-46.9
0.01
–
Financial Trends
Amount in ₹ Cr
2020
2021
2022
2023
2024
Revenue
2605
1994
4192
7079
12114
Expenses
4909
2461
6043
8289
12071
EBITDA
-2305
-467
-1851
-1211
43
OPM
-88%
-23%
-44%
-17%
0%
Other Income
16
-200
793
682
846
Net Profit
-2386
-816
-1222
-971
351
NPM
-91.6%
-40.9%
-29.2%
-13.7%
2.9%
EPS
-70096
-23126
-1.54
-1.14
0.4
Stock Price Analysis
Zomato has shown a return of -4.27% in one day, -2.55% over the past month, and 1.45% in the last three months. The stock has experienced fluctuations today, with a low of ₹271.7 and a high of ₹285.65. Over the past 52 weeks, the shares have seen a low of ₹121.7 and a high of ₹304.5. The stock price is in upward range and volumes traded have normalized from the past. Stock has given 6 times returns in 2 years showing the support from great financials of company.
Suzlon is a leading global provider of renewable energy solutions and a vertically integrated manufacturer of wind turbine generators (WTGs). The company’s operations span the design, development, and manufacturing of key components, including rotor blades, tubular towers, generators, control systems, gears, and nacelles. Additionally, Suzlon offers operation and maintenance (O&M) services in both India and international markets. As a comprehensive renewable energy solutions provider, Suzlon is involved in manufacturing, project execution, and O&M of wind turbine generators, along with the sale of related components. With over 20 GW of wind energy installations across 17 countries and 111+ wind farms in India boasting a total capacity of 13,880 MW, the company has a strong global footprint. Revenue contributions include ~73% from the sale of wind turbines and components, and ~27% from O&M services.
Latest Stock News (3 January 2025)
CRISIL has upgraded Suzlon energy Ltd rating for loan of ₹3050 crores, long term rating A and short term rating of A1. It was the second time, CRISIL has updated the ratings. Income Tax Appellate Tribunal (ITAT) has decided the quantum appeal in favour of the company and JAO has cancelled the penalty order of ₹87.59 crore. In total the total penalty amount levied by National Faceless Penalty Centre, Income Tax Department is ₹260.3 crores. The CEO of SE Forge Ltd a wholly owned subsidiary of the Company has resigned from the position.
Shareholding Pattern as on September 2024
Key Stats
Market Cap
₹83849 Crore
Revenue
₹7881 Crore
Profit
₹986 Crore
ROCE
24.93%
P/E
85
Peer Comparison
Amt in ₹ Cr
MCap
Sales
PAT
ROCE
Asset Turn.
EV/EBITDA
D/E
P/E
Suzlon Energy
83849
7881
986
24.93%
1.03
62.65
0.06
85
CG Power & Ind.
112609
8810
896
46.63%
1.56
85.9
0.01
125.6
Hitachi Energy
64105
5850
199
17.85%
1.21
155.6
0.25
321.4
Premier Energies
59750
3143
231
25.3%
1.11
116.8
0.55
254
Triveni Turbines
24755
1854
315
38.5%
1.09
53.6
0.01
78.4
Financial Trends
Amount in ₹ Cr
2020
2021
2022
2023
2024
Revenue
2973
3346
6582
5971
6529
Expenses
3829
2809
5682
5137
5492
EBITDA
-856
537
900
833
1037
OPM
-29%
16%
14%
14%
16%
Other Income
-42
823
95
2739
-26
Net Profit
-2692
104
-177
2887
660
NPM
-90.5%
3.1%
-2.7%
48.4%
10.1%
EPS
-4.01
0.1
-0.17
2.28
0.49
Stock Price Analysis
In terms of performance, Suzlon Energy has shown a return of -5.27% over the past month, and -18.2% in the last three months. Over the past 52 weeks, the shares have seen a low of ₹35.49 and a high of ₹86.04. The trades’ volumes have increased greatly and stock has also increased significantly indicating high volatility. The stock price now is at resistance level and might see some setbacks in coming weeks.
Sundaram Finance Ltd was established in 1954, with the business of financing the purchase of commercial vehicles and now it has diversified into many other segments like home finance, Mutual funds, general insurance, financial service distribution, etc. It has subsidiaries for different work segments like India Equipment Leasing Ltd, Sundaram Home Finance Ltd. It had a total of 680+ branches and as a group they had 1050+ branches worldwide. They have 671 branches for Asset Finance, 117 for Home Finance, 164 for General Insurance and 85 for Mutual Funds. They also have diesel finance and tyre finance to pay in 3-6 instalments. The total group AUM stood at 108,000 crore and 34,500 crore is under asset finance and 54,800 under AMC business. Sundaram Finance Ltd has risen term funding of ₹8000 crore from Banks, Mutual funds and Insurance companies.
Stock News
Sundaram Home Finance Ltd has announced plans to expand its presence in tier-3 towns in western Tamil Nadu under its ‘Emerging Business’ segment, citing strong growth potential. Currently it handles overs 15 branches in that region and aims to disburse ₹500 crore in next 12-18 months, with ₹50 crore targeted to specifically with EB. This move follows the successful launch of its Coimbatore branch. The Pollachi branch will offer small business loans of up to Rs 20 lakh to entrepreneurs for working capital and business growth. It will also target the affordable housing finance market, offering loans of up to Rs 35 lakh.
Shareholding Pattern as on September 2024
Key Stats
Market Cap
₹51726 Crore
Revenue
₹8013 Crore
Profit
₹1603 Crore
ROCE
9.21 %
P/E
32.26
Peer Comparison
Amt in ₹ Cr
MCap
Sales
PAT
ROCE
Asset Turn.
EV/EBITDA
D/E
P/E
Sundaram Fin.
51718
8013
1603
9.21%
0.12
16.85
4.5
32.27
Shriram Fin.
114517
38466
7839
11.3%
0.16
11.08
3.97
14.57
Muthoot Fin.
89907
14397
4413
13.2%
0.16
13.64
2.82
20.34
L&T Fin.
35468
15009
2573
8.22%
0.13
12.58
3.5
13.8
Chola Fin.
29156
29603
2054
10.73%
0.17
10.33
13.85
14.24
Financial Trends
Amount in ₹ Cr
FY2020
FY2021
FY2022
FY2023
FY2024
Revenue
4707
5292
5111
5501
7274
Expenses
3649
3894
3628
3695
5050
EBITDA
1058
1398
1483
1806
2224
Financing Margin %
22%
26%
29%
33%
31%
Net Profit
845
1223
1296
1510
1842
NPM
18.0%
23.1%
25.4%
27.4%
25.3%
EPS
71.25
104.7
105.6
119.5
129.3
Stock Price Analysis
Sundaram Finance Ltd.’s share price is experiencing a bullish surge today, rising by approximately 8.5%. As of January 2, 2025, the stock opened at ₹4,125.65 and reached a high of ₹4,418.80 during intraday trading. This increase comes on the heels of a challenging week, where the stock had previously dropped by 7.08%. The current trading volume stands at 354,146 shares, reflecting robust investor interest. From a technical standpoint, Sundaram Finance’s stock is currently navigating through significant resistance levels. The 52-week low is recorded at ₹3,447.00, while the 52-week high stands at ₹5,535.85.
When Jai Corp Limited was first established on June 6, 1985, it produced a variety of goods, including spun yarn, PP Staple Fiber, FIBC Jumbo Bags, woven bags and fabrics, and geotextiles. Since then, businesses have expanded into real estate development, coils, and sheets of CR steel.
As time went by, the company diversified into areas such as SEZ development, infrastructure projects, venture capital, and investment advisory services, reflecting the ability to adapt to opportunities that emerged. The company started its commercial production in 1987 with an HDPE/PP Woven Sacks manufacturing unit at Murbad, Maharashtra. The company then further expanded in 1990 and 1992 with other facilities. During the years, Jai Corp restructured itself several times. Notably, it changed its name from Jai Fibres Ltd to Jai Corp Limited in 1994 and also acquired subsidiaries in 2007 to enhance its presence in the venture capital and infrastructure sectors. To demonstrate its infrastructure-oriented strategy, Jai Corp established SPVs for electricity generation, transmission, and distribution in SEZ areas. In 2007–2008, the company ventured into the international market of real estate by incorporating a subsidiary in Mauritius. The group dissolved its Section 8 trust and merged its subsidiary, Jai Realty Ventures, with the aim to concentrate on its core business and streamline operations.
Financial history indicates significant preference shares redemption in focus by Jai Corp. Some examples include between 2014 to 2019, there were several tranches of preference shares redeemed at premium with shareholder approvals for periodic rollover. In 2020, it was an order from National Company Law Tribunal approving the amalgamation of Jai Realty Ventures with the parent company to simplify corporate structure. The firm has also shown resilience under the COVID-19 pandemic where it managed to reopen facilities in stages and ended non-core operations such as spinning during 2020.
Latest News (02-Jan-2025)
Shares of Jai Corp Ltd gained 3% on August 27 after the NCLT approved the merger of promoter company Pet Fibres with Mega Pipes. Following the merger, Pet Fibres’ 2 lakh equity shares (0.2% stake) in Jai Corp will be transferred to Mega Pipes.
Shareholders are advised to update or transfer their Depository Participant (DP) account details as shares in Pet Fibres’ DP account with ILFS will move to Mega Pipes’ DP account with MOSL.
Jai Corp, established in 1985, is a diversified manufacturer specializing in steel, plastic processing, and spinning yarn, while expanding into SEZs, infrastructure, venture capital, and real estate.
In its April-June earnings, Jai Corp reported a 4.56% YoY increase in revenue and a 148% YoY surge in net profit. The Board is set to meet on August 29 to discuss a potential share buyback.
As of 12:10 pm, Jai Corp shares were trading 0.745% higher at ₹389.50 on the NSE.
Returns Summary
YTD
1 Month
6 Month
1 Year
2 Year
3 Year
5 Year
-24.15%
-33.72%
-39.77%
-37.89%
63.20%
101.46%
154.00%
3 Years Return: Jai Corp Ltd. v/s Nifty 50
Shareholding Pattern
Key Metrics
Metrics
–
Mkt Cap (INR Cr):
4,441 Cr.
52-week H/L:
438/248
PE Ratio:
66.46
Dividend yield:
0.20%
ROCE:
3.81%
P/B:
2.98
NSE Code:
JAICORPLTRD
Financial Trends
Year
Sales (₹ Cr)
Operating Profit (₹ Cr)
OPM (%)
Net Profit (₹ Cr)
EPS (₹)
Reserves (₹ Cr)
Borrowings (₹ Cr)
Fixed Assets (₹ Cr)
Debt/Equity
Mar-18
588
63
11%
-1
-0.11
1,104
622
274
0.56
Mar-19
636
71
11%
-108
-6.06
1,016
580
279
0.57
Mar-20
527
45
9%
34
1.88
1,048
470
256
0.45
Mar-21
472
48
10%
93
5.19
1,139
330
230
0.29
Mar-22
720
55
8%
53
2.95
1,197
236
224
0.2
Mar-23
594
44
7%
-14
-0.76
1,178
239
225
0.2
Mar-24
463
48
10%
52
2.94
1,233
236
213
0.19
Peer Comparison
Company
Price (Rs.)
MCAP (Cr.)
P/B
P/E
EPS (Rs.)
ROE (%)
ROCE (%)
P/S
EV/EBITDA
Jai Corp
247.9
4,441.00
2.98
66.46
4.13
3.98
3.81%
9.52
44.12
EPL
263.5
8,361.67
8.51
39.86
6.58
19.84
18.6
6.53
23.5
Responsive Inds
262.65
6,902.50
7.37
206.02
1.26
3.48
5.6
10.54
63.87
Shaily Engg. Plastic
1,511.70
6,848.56
15.25
167.64
8.89
8.75
11.07
11.12
63.42
Jain Irrigation Sys
74.42
4,984.55
1.03
391.32
0.19
1.19
5.08
1.3
16.53
Prince Pipes & Fitti
430.35
4,754.68
3.02
36.11
11.91
12.55
16.25
1.85
16.88
Polyplex Corporation
1,369.40
4,299.20
6.27
5,243.11
0.26
-1.33
-1.36
3.04
83.13
Jindal Poly Films
976.4
4,260.20
0.69
8.52
114.21
5.53
7.3
7.84
7.63
Kingfa Science
3,471.00
4,159.94
6.37
30.99
110.83
23.24
30.26
2.8
20.39
Xpro India
1,532.90
3,410.24
5.74
71.12
21.62
12.29
15.04
7.33
39.97
Stock Analysis
Jai Corp. Ltd. is a diversified company operating in the steel industry. Plastic production and ownership Facing a growing market trend, on January 2, 2025, Urban Infrastructure Holdings Private Limited (UIHPL) fell 19.99 % to ₹248.40 due to planned capital reduction by Jai Corp. over the last five years. The company’s sales growth was very negative at -6.14%, indicating problems with generating income. It is reported to be low. This may raise concerns among investors about the company’s ability to create dust in the stock market. The sudden change in the share price is the result of UIHPL’s planned capital reduction, which has raised concerns about the impact on Jai Corp’s financial health and future cash flows. Considering the new market reaction and related economic factors. Investors should be watchful: High P/L ratio signals that a stock may be overvalued. Negative output growth over five years indicates a structural situation. According to the report, UIHPL’s equity market is under uncertainty that would affect Jai Corp’s financial position. Some reported lower quarterly earnings and revenue. Broader economic indicators and current market conditions suggest caution. An investor should not scrutinize the financial condition and history of a company before investing.
Considering all these factors investors are recommended to remain watchful as mentioned in the above para. Don’t invest until some major changes happens in the company’s operation. Wait for the right time to make entry!
In 1998, Petronet LNG Ltd. was established to oversee the planning, building, and operation of LNG import and regasification terminals, hence playing a crucial role in India’s energy sector. GAIL, Indian Oil Corporation (IOCL), Bharat Petroleum (BPCL), and ONGC formed the joint venture, each with an equal 12.5% share. It runs two main terminals, one in Dahej, Gujarat, with a capacity of 17.5 MMTPA and another in Kochi, Kerala, with a capacity of 5 MMTPA, for a total of 22.5 MMTPA. The majority of its revenue, around 95%-96%, comes from LNG sales, with the remaining 3%-4% from regasification services. GAIL, IOCL, and BPCL are key customers, accounting for about 95% of total revenue. Petronet is building a new LNG terminal at Odisha, with an initial capacity of 4 MMTPA and an estimated investment of ₹2,300 crore, as part of its infrastructure expansion to further solidify its position. The corporation is also increasing the storage and regasification capacities of its existing terminals. Furthermore, Petronet is expanding into the Green Hydrogen value chain, demonstrating its commitment to innovation, sustainability, and alignment with global clean energy trends.
Shareholding Pattern as on September 2024
Key Stats
Market Cap
₹49190 Crore
Revenue
₹54977 Crore
Profit
₹3917 Crore
ROCE
26.41%
P/E
12.56
Peer Comparison
Amt in ₹ Cr
MCap
Sales
PAT
ROCE
Asset Turn.
EV/EBITDA
D/E
P/E
Petronet LNG
49190
54977
3917
26.41%
2.22
6.67
0.15
12.56
GAIL
125577
136080
11534
14.66%
1.15
7.25
0.23
10.89
Adani Total Gas
80845
4687
702
21.2%
0.73
66.3
0.37
115.3
Gujarat Gas
34970
16295
1225
20.51%
1.39
15.36
0.02
28.55
Mahanagar Gas
12802
6437
1149
36.6
0.94
6.85
0.03
11.14
Financial Trends
Amount in ₹ Cr
2020
2021
2022
2023
2024
Revenue
35452
26023
43169
59899
52729
Expenses
31462
21323
37918
55045
47520
EBITDA
3990
4700
5250
4854
5209
OPM
11%
18%
12%
8%
10%
Other Income
306
377
395
523
605
Net Profit
2703
2939
3438
3326
3652
NPM
7.6%
11.3%
8.0%
5.6%
6.9%
EPS
18.02
19.59
22.92
22.17
24.35
Stock Price Analysis
The stock has not given any return in phase of 2017 to 2023, it was in consolidation and broke it and now it is trading at around its high level of ₹340 per share. The volume of shares traded has lowered these days compared to years in history. The stock might fall a little on basis of technical analysis for couple of months.
Latest Stock News (2 January 2025)
Petronet LNG Ltd. clarified that LNG terminal regulation does not fall under the PNGRB’s purview without amendments to the 2006 Act. The company highlighted its competitive regas charges, which constitute only 5-6% of delivered gas prices.
However, PNGRB’s recent paper criticized rising regas charges despite capacity expansion at the Dahej terminal, suggesting the need for regulatory oversight to ensure fair pricing. Foreign brokerage Citi flagged regulatory risks, issuing a “Sell” rating with a ₹310 target. Petronet shares dropped 5.49% to ₹328.50, signaling a negative start to 2025 after a 45% gain in 2024.
TVS Holdings Ltd was established in 1962 as a Sundaram Clayton Ltd in Chennai by Venu Shrinivasan. Today it is known as TVS Holdings. It is a largest manufacturer of auto components and distribution groups in India. It is a leading supplier of aluminium die castings to automotive and non-automotive sectors. It makes aluminium castings for two wheelers, heavy commercial vehicles, passenger cars, etc. The export revenue contributes 26% in the total revenue. It has about 27 subsidiaries and 3 associate companies. It holds approximately 50% of TVS Motor Company Ltd. which is engaged in 2/3 wheelers segment. It also holds TVS Credit Services Ltd a retail finance firm also providing finance to TVS Motors. It has also acquired 50% of stake in Sundaram Holding USA Inc. The company has 5 manufacturing plants four in Tamil Nadu and one in USA, and is planning to expand to meet the additional demand from market.
Shareholding Pattern as on September 2024
Key Stats
Market Cap
₹19020 Crore
Revenue
₹42168 Crore
Profit
₹952 Crore
ROCE
14.98%
P/E
19.8
Peer Comparison
Amt in ₹ Cr
MCap
Sales
PAT
ROCE
Asset Turn.
EV/EBITDA
D/E
FCF
TVS Holdings
19020
42168
952
14.98%
0.96
6.76
8.24
-1341
Bajaj Holdings
132513
1732
7407
13.07%
0.03
17.3
0.00
1941
Cholaman.Inv.&Fin.
104535
22502
3851
10.41%
0.45
15.58
7.38
-36754
Maha. Scooter
11006
182
175
0.88%
0.01
65.28
0.00
206
Sundaram Fin. Hold
6771
315
571
5.85%
0.07
24.1
0.00
132
Financial Trends
Amount in ₹ Cr
2020
2021
2022
2023
2024
Revenue
19858
20299
25591
33662
40248
Expenses
17446
17911
22599
29356
34417
EBITDA
2412
2388
2992
4306
5830
OPM
12%
12%
12%
13%
14%
Interest
910
929
985
1424
2043
Net Profit
627
592
824
1333
1782
NPM
3.2%
2.9%
3.2%
4.0%
4.4%
EPS
166.89
160.24
218.31
321.16
396.23
Stock Price Analysis
The prices of stock before 2014 were in range of ₹300 per share which now rose to high of ₹15,000 level. From 2015-2022 was the consolidation phase and after breaking it the stock has ran about 4 time to now reaching its all-time high. The stock has now seen a minor setback in its prices and it is trading at ₹ 9500 per share level. The volatility is increased and so the volumes of share traded every day compared to past.
Latest Stock News (2 January 2025)
TVS Holdings Ltd acquired a 100% stake in TVS Digital Ltd (formerly TVS Housing Ltd) from TVS Motor Company Ltd for ₹4.14 crore. This acquisition, a related party transaction conducted at arm’s length, makes TVS Digital a wholly-owned subsidiary. Headquartered in Chennai, TVS Digital operates in IT services and reported a turnover of ₹3.85 crore with a net profit of ₹0.27 crore in FY 2023-24. The move aligns with TVS Holdings’ strategy to consolidate non-automotive investments. Shares of TVS Holdings closed at ₹14,205, down 0.35% on the NSE.
One 97 Communications Ltd is a parent entity of Paytm, which was founded in 2000 by Vijay Shekhar Sharma. It is a one of leading payments and financial service platform which has transformed the business offerings in range of digital solutions to customers, merchants and enterprises. In digital payment segment it provides wallet based transactions, UPI, and POS merchant solutions. It provides loans, insurance, wealth management services through its platform. It has newly introduced Paytm Soundbox for merchants and small enterprises. In 2023, it partnered with Amadeus for travelling and ticket booking businesses. The main negative points of company are that its marketing expense is really high and is not performing its operations in compliance with RBI.
Shareholding Pattern as on September 2024
Key Stats
Market Cap
₹62922 Crore
Revenue
₹8278 Crore
Profit
₹-2013 Crore
ROCE
-8.4%
P/E
–
Peer Comparison
Amt in ₹ Cr
MCap
Sales
PAT
ROCE
Asset Turn.
EV/EBITDA
D/E
FCF
One 97 Comm.
62972
8278
-2013
-8.5%
0.57
-47.3
0.01
-161
One Mobikwik
4695
875
14.3
8.96%
1.12
121.17
1.38
-27.6
Info Edge
112819
2662
483
3.65
0.1
86.63
0.01
673
Just Dial
8566
1100
311.6
4.81%
0.23
19.5
0.02
245
Financial Trends
Amount in ₹ Cr
2020
2021
2022
2023
2024
Revenue
3279
2801
4974
7990
9978
Expenses
5964
4640
7358
9634
10921
EBITDA
-2685
-1838
-2384
-1644
-943
OPM
-82%
-66%
-48%
-21%
-9%
Other Income
-45
356
288
410
314
Net Profit
-2958
-1701
-2369
-1776
-1422
NPM
-90.2%
-60.7%
-47.6%
-22.2%
-14.3%
EPS
-470.6
-280.4
-36.9
-28.03
-22.3
Stock Price Analysis
The share price has fallen from its IPO price of ₹1600 something to 370-400 per share levels, because of its overvaluation and not proper operations in compliance with RBI has affected the brand value among the retail customers. The share volumes have increased from the past as it has become more volatile stock because of constant news or trending in market. It is at resistance level and might fall from this level.
Latest Stock News
SoftBank has fully exited One97 Communications, the parent company of Paytm, by selling its remaining 1.4% stake. The Japanese conglomerate, which initially held an 18.5% stake during Paytm’s IPO in 2021, gradually reduced its holdings through open-market transactions. This marks the end of SoftBank’s investment in the fintech giant.
