POWERGRID TAKEN SNAP FROM PRESENTATION
Transmission by 2032
ISTS capex - 6.6 lakh Cr
Intra State capex - 2.55 lakh Cr
Going by the trend of October ISTS schemes allotment - Goverment is pushing really hard to achieve their goal.
TRANSMISSION EXECUTION DATA FOR OCTOBER ( 220 kv & above )
Very Good - Back to Growth 👍
Finally Back on track ✌️👍
● Substation ( transformation ) addition: Excellent
7575 MVA Vs 7420 MVA - MoM -👍👍
● Transmission line addition: Finally Fantastic progress 👏 🙌🏻
1452 ckm vs 429 ckm - MoM 🔥 👍👍
● Just For reference - Month wise data
SUBSTATION addition:
April: 1960 MVA
May: 4265 MVA
June: 4035 MVA
July: 4360 MVA
AUG: 3650 MVA
SEP: 7420 MVA 👍👍
OCT: 7575 MVA 👍👍
Transmission line addition
April: 191 ckm
May: 212 ckm
June: 582 ckm
July: 1070 ckm 👍👍
Aug: 836 ckm
Sep: 429 ckm👎👎
OCT: 1454 ckm 🔥 👍👍
● So far, in 6 months
Substation: 27% target achieved & Transmission: 29% target achieved
● One important thing is that Goverment has reduced their Target
Transmission target reduced by 8% from 16667 to 15253 MVA
Substation target reduced by 3%
from 116490 to 112435 MVA
Could be because of Muted H1 due to election, rain and other issued.
Data: From Power Ministry
WHY I SHARING THIS TRANSMISSION LINE RELATED STOCKS ??
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4 Advait Infratech Ltd
Business model
Advait Infratech Ltd is engaged in the business of providing products and solutions for power transmission, power substation, and telecommunication infrastructure fields
👉 Product & services
⚡️Aluminium Clad Steel Wires
⚡️Emergency Restoration System
⚡️Stringing tools
⚡️OPGW (Optical Fibre Ground Wire)
⚡️Optical Fibre Cables
⚡️Live Line OPGW Installation
👉POWER TRANSMISSION PROJECTS
Live Line Projects: Advait Infratech offers live installation of OPGW (Optical Fibre Ground Wire) for transmission lines. This involves installing optical cables on existing transmission lines without interrupting power supply
👉FOCUS AREA OF THE COMPANY IN POWER TRANSMISSION SECTOR
⚡️OPGW (Optical Fibre Ground Wire): A composite cable that serves as both a ground wire for protection against lightning strikes and a communication medium.
⚡️Stringing Tools: Essential equipment for the installation and maintenance of transmission lines.
👉Key ratios
⚡️Market Cap: ₹ 1,870 Cr.
⚡️Current Price: ₹ 1,731
⚡️Stock P/E: 72.5
⚡️ROCE: 37.2 %
⚡️ROE: 36.6 %
⚡️Debt to equity: 0.81
⚡️Profit Var 3Yrs; 69.7 %
⚡️Sales growth 3Years; 47.0 %
2 Skipper Ltd
Business model
Skipper Ltd is engaged in manufacturing and selling of Transmission & Distribution Structures and Pipes & Fittings. It also undertakes EPC projects in the infrastructure segment.
👉 Product & services
⚡️Transmission Towers
⚡️Telecom Towers
⚡️Poles
⚡️Casing Pipes
👉POWER TRANSMISSION PROJECTS
Tower Package - TW 09 for 800kV HVDC Raigarh-Pugalur Transmission Line: This project is part of a large 1800km transmission line transmitting 6000MW of power. It is a significant milestone for Skipper, being their first HVDC transmission project executed under PowerGrid.
👉FOCUS AREA OF THE COMPANY IN POWER TRANSMISSION SECTOR
⚡️Transmission Towers:
Largest Manufacturer in India: Skipper is the largest manufacturer of transmission towers in India, producing a wide range of towers for various voltage levels.
⚡️Comprehensive Product Range: Skipper offers a comprehensive range of transmission line accessories, including insulators, conductors, hardware, and other critical components.
👉Key ratios
⚡️Market Cap: ₹ 5,659 Cr.
⚡️Current Price: ₹ 551
⚡️Stock P/E: 52.8
⚡️ROCE:20.3 %
⚡️ROE: 9.02 %
⚡️Debt to equity: 0.80
⚡️Profit Var 3Yrs: 54.0 %
⚡️Sales growth 3Years: 27.6 %
👉 Indian 🇮🇳 Government is coming out with Favorable Transmission Policies & Driving the Growth 💹 By Favorable Policies
🌟 5 Small Cap Transmission Companies Which are undertaking crucial Transmission Projects to Focus in the Market Correction ✨🔥
AGARWAL INDUSTRIAL FY25 GUIDANCE
Revenue Guidance: The company aims to grow over 20% at Revenue and Volume level Y-O-Υ.
Earnings Guidance: A targeted CAGR of 20% for EPS aligns with the company's historical growth trajectory.
ROCE and ROI Guidance: The company intends to maintain a healthy ROCE and ROI of around 20%, consistent with previous years.
Beautiful Chart from Anandrathi 👇
Safari market share has zoomed 🚀
VIP & Samsonite 🇮🇳 market share have slipped
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PN GADGIL JEWELLERS Management Says Inventory loss due to Customs Duty Cut in the Budget was 18 Cr
Growth in Festive season was 25% over last year
Added 9 stores post IPO funds
Targets 40% revenue growth in FY25 with 3% PAT margins
DOLLAR IND Q2 CONCALL OUTLOOK
Aiming for Rs. 2000 crore revenue in the next fiscal year.
Targeting an operating EBITDA margin of 13-14% next year, with a long-term goal of 14-15%.
Goal to achieve a cash conversion cycle of approximately 135 days by FY26.
Plans to be debt-free by FY27-FY28
EARNINGS
STRONG-BSE, GSFC, KNR CONSTRUCTION, ASHOKA BUILDCON, KIRLOSKAR OIL, POLYPLEX, GIPL, GOKALDAS EXPORTS
INLINE-GIC, SUVEN PHARMA
MIXED-NYKAA, BOMBAY DYEING
WEAK-NMDC STEEL, GREAVES COTTON
Expanding industry towards aerospace robotics and setellite
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Transmission & Distribution
~Central Electricity Authority (CEA) expects $110 Billion in investments over FY 22 to FY 32
~Europe, North America & Middle east & Africa are also investing heavily in Transmission infra
~Nomura expects CG Power, GR Vernova & Apar industries as Beneficiaries
Transmission
1.43 Lakh Cr projects are in hand
1.92 Lakh Cr Potential wins by 2032.
Total 3.35 Lakh cr of Capex by Power Grid alone by 2032.
EPC PLAYERS will have a very big role to play here.
I AM BULLISH ON IT AND SHARE YOU REASON TOO
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5 Viviana Power Tech Ltd
Business model
Viviana Power Tech Ltd is in the business of Erection and installation of Power Transmission and Maintenance of Power Stations
👉 Product & services
⚡️Power Transmission Lines
⚡️EHV Substations
⚡️Power distribution network establishment
⚡️Underground cable laying
⚡️Modification and upgradation of system
⚡️Liasoning with govt. Authorities and utilities
👉POWER TRANSMISSION PROJECTS
66kV LILO to Proposed 66kV Sarsavani Sub-Station: Erection work with ACSR Panther Conductor and D/C Panther Tower, covering 10.445 RKM route length.
👉FOCUS AREA OF THE COMPANY IN POWER TRANSMISSION SECTOR
⚡️Transmission Line Construction: This involves building high-voltage transmission lines to transport electricity over long distances.
⚡️Substation Construction: They construct substations that step up or step down voltage levels to facilitate efficient electricity distribution.
👉Key ratios
⚡️Market Cap: ₹ 556 Cr.
⚡️Current Price; ₹ 932
⚡️Stock P/E: 65.7
⚡️ROCE: 34.1 %
⚡️ROE; 30.5 %
⚡️Debt to equity: 0.40
⚡️Profit Var 3Yrs: 87.0 %
⚡️Sales growth 3Years: 42.7 %
3 Jyoti Structures Ltd
Business model
The company is engaged in Electricity, transmission, distribution and substation.
👉 Product & services
⚡️Transmission Towers
⚡️Substation Structures
⚡️Telecommunication Towers
⚡️Engineering Services
⚡️Construction and Installation
⚡️Project Management
👉POWER TRANSMISSION PROJECTS
66 KV D/C Tranmission Line from CZC SS to Bhadreshwar SS at Mundra SEZ
👉FOCUS AREA OF THE COMPANY IN POWER TRANSMISSION SECTOR
⚡️Design and Engineering: Jyoti Structures has the expertise to design and engineer transmission lines of various voltage levels, from extra-high voltage (EHV) to ultra-high voltage (UHV).
⚡️Design and Engineering: The company designs and engineers substations of various voltage levels, including GIS (Gas Insulated Substations) and AIS (Air Insulated Substations).
👉Key ratios
⚡️Market Cap: ₹ 2,861 Cr.
⚡️Current Price: ₹ 32.6
⚡️Stock P/E: 105
⚡️ROCE: 1.15 %
⚡️Debt to equity; 15.8
⚡️Profit Var 3Yrs: 26.3 %
1 Bajel Projects Ltd
Business model
It's EPC segment comprises of Power Transmission & Power Distribution. BPL provides end to end solutions ranging from inhouse design, testing, procurement, manufacturing, installation & commissioning of the projects.
👉Products & services
⚡️Lattice Structure
⚡️Steel Tubular Pole
⚡️Lighting Poles & Masts
⚡️Power Transmission
⚡️Power Distribution
⚡️International EP
👉POWER TRANSMISSION PROJECTS
Turnkey projects for EHV cable systems: BPL partners with renowned EHV cable manufacturers to deliver complete solutions for underground cable systems up to 220 kV.
👉FOCUS AREA OF THE COMPANY IN POWER TRANSMISSION SECTOR
⚡️Design, engineering, and construction of EHV (Extra High Voltage) transmission lines up to 765 kV AC / +- 800 kV HVDC.
⚡️Turnkey solutions for EHV substations up to 765 kV, encompassing both AIS (Air Insulated Substations) and GIS (Gas Insulated Substations) technologies.
👉Key ratios
⚡️Market Cap: ₹ 2,747 Cr.
⚡️Current Price: ₹ 238
⚡️Stock P/E: 158
⚡️Stock P/E: 158
⚡️ROCE: 6.19 %
⚡️ROE; 0.91 %
⚡️Debt to equity: 0.03
HAPPIEST MINDS Says We Have Our Task Cut Out To Achieve Revenue Guidance Of 30-35% For FY25
H1 Margin At 22.7% Is Well Ahead Of Guidance Of 20-22%
DEEPAK NITRITE :
The Board of Directors of Deepak Chem Tech Limited ('DCTL') a wholly owned subsidiary of the Company, at their meeting held on November 13, 2024, approved to undertake a project for manufacturing Polycarbonate Resins ('PC'). The said project is proposed to be setup at a greenfield site located at Dahej, Gujarat.
Towards this, DCTL has signed agreements with affiliates of Trinseo PLC ('Trinseo') to licence its technology for the manufacture of PC and also acquire its assets, including all proprietary equipment, having annual capacity of 1,65,000 MT which are presently located at Stade, Germany.
The agreement also provides access to Trinseo's globally recognised CALIBRET resins and trademark.
PC has extensive applications in electric vehicles, electronics, semi-conductor, mobility, medical devices, defence equipment, etc.
Luggage 🧳 industy Update
Samsonite India suffers the most due to price war 👎
Samsonite India results
👎 Revenue -24.3% YoY (constant currency basis) to US$49mn
👉Translates to revenues at ₹410 cr
Market share of all the 3 players based on 2QFY25's performance 👇
🥇 VIP at 39%
🥈Safari at 32%
🥉Samsonite 🇮🇳 at 29%
😞 3rd consecutive quarter when Samsonite's 🇮🇳 sales have declined
💪 Safari is a clear winner
Source 👉 PL & Anandrathi (image attached)
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TVS SUPPLY CHAIN Management Says ISC margin should be in double-digit range - ETNOW
Company is well-placed in terms of large deals
See 12-16% growth in revenue from new businesses
Freight biz continues to be volatile
Steady-state revenue from the ₹2,200 cr project to be seen on financials post Q2FY26
GANESHA ECOSPHERE ; Board has decided to set up a Green field Project with a capacity of 45,000 tons per annum (TPA) to manufacture rPET Chips/Granules in the State of Odisha
Present Capacity; 42,000 TPA
Co. To invest Rs 450-500 Cr For This
Proposed capacity to be added within a period of2 years
Aeroflex Industries Ltd Concall Notes - Nov 2024
Q2 & H1 FY25 Financial Performance:
Total income for Q2 FY25 reached ₹95.8 crores, a 13.5% increase year-on-year.
Revenue growth primarily driven by a 38% increase in the assemblies and fittings business, rising from ₹27.46 crores in Q2 of last year to ₹37.89 crores.
For H1 FY25, total income was ₹186.58 crores, an 11% increase from ₹168.35 crores in H1 FY24.
Assemblies and fittings business grew by 52%, from ₹45.5 crores to almost ₹70 crores in H1 FY25.
Gross margins improved to approximately 40%, up from 36% in H1 FY24, reflecting a 400 basis point increase.
Year-on-year EBITDA growth of 29.5% in absolute terms; EBITDA margins at 22.10%.
Product Segmentation:
Flexible hose segment contributed about 52% to H1 revenue.
Assemblies and fittings business accounted for nearly 40% of revenue for H1 FY25.
Interlock and composite hoses contributed approximately 8% to overall revenue.
Capacity Expansion and Capex Plans:
Capacity expansion progressing as planned; added 1.5 million meters of capacity in August 2024, totaling 15 million meters per annum.
Remaining 1.5 million meters expected to be completed by December 2024.
Planned capex of ₹18 crores for Hyd-Air over the next six quarters for new machines and refurbishments.
Installation of new machines and setup of a quality lab at Hyd-Air is underway.
Acquisition and New Orders:
Completed acquisition of Hyd-Air in April 2024, enabling a shift from hose provision to complete assemblies.
Received the first trial order from the Railway Coach factory, marking a significant milestone for Hyd-Air.
Bellows project machinery installation underway; trial production expected to begin this quarter.
Strategic Focus and Market Outlook:
Aiming for 60% to 70% of revenue from the assembly business in the next 3-4 years.
Management confident in driving growth through innovation and expanding product portfolio.
Focus on diversifying offerings, growing global presence, and entering new sectors with value-added products.
Anticipating significant revenue contribution from the introduction of new robotic assembly.
Challenges and Operational Insights:
Current operational constraints in assembly line due to manual processes; automation expected with new welding machines arriving by December.
Facing increased working capital cycle due to delays in container shipments, impacting inventory levels.
Management is optimistic about overcoming these challenges through strategic customer collaborations and operational enhancements.
Export Contribution:
Exports now account for approximately 83% of overall revenue, showcasing strong international demand.
Management highlighted a shift in focus towards markets in the Americas, Middle East, and Africa, reducing reliance on the European market.
Future Guidance:
Management projects potential revenue from the 16.5 million meters capacity at approximately ₹500 crores, with expectations of at least 50% from the assembly business.
EBITDA margins expected to improve by 50 to 100 basis points upon reaching this revenue target.
Continued focus on R&D and operational efficiencies expected to yield cost savings impacting overall financial health positively.
leading manufacturer of metallic flexible flow solution
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