Hi Prudent Investors, this post covers the financial updates for Q4FY24 and FY24 along with some key developments happening in the companies covered in prudentparrot.com
It’s prudent to note that some companies fall under the ultra microcap category, so we must be patient and give them some time and track them closely.
Amba Enterprises – Macp 203 Cr
Q4 FY24 Numbers:
Sales growth: 16% YoY | 77.6 Cr Vs 66.7 Cr
PAT growth: -1% YoY | 1.7 Cr Vs 1.71 Cr
Margins are the same around 3%
Full Year Numbers:
Sales growth: 30% | 282 Cr Vs 218 Cr
PAT growth: 20% | 6 Cr Vs 5 Cr
Margins are the same around 3%
Balance Sheet: Debt has now increased from 4 Cr to 12 Cr (11.63 Cr is short-term)
Cash Flow: Closed the year with a negative CFO of 6 Cr on account of increased receivables.
Key Developments:
On 20th Feb 2023, there was an announcement from the company that they were in the early stages of negotiations with Havells.
On 18th May 2024, they onboarded Havells along with KSB Ltd. with Motor Stamping orders with an annualised order size of approx 38 Cr.
The management has walked the talk!
Bansal Roofing – Macp 95 Cr
Sales growth: -2% YoY | 18.69 Cr Vs 20 Cr
PAT growth: -43% YoY | 0.79 Cr Vs 1.39 Cr
Margins fell from 8.99% to 6.4%
Full Year Numbers:
Sales growth: 13.9% | 106 Cr Vs 93 Cr (Crossed 100 Cr for the first time)
PAT growth: 0% | 4 Cr Vs 4 Cr
Margins fell from 7% to 6%
Balance Sheet: Debt reduced from 7 Cr to 4 Cr | Reserves have increased to 11 Cr from 14 Cr | CWIP of 4 Cr
Cash Flow: Yet another positive CFO at 8 Cr Vs 9 Cr last year
Kranti Industries – Macp 95 Cr
Sales growth: -3.9% YoY | 21.46 Cr Vs 22.34 Cr
PAT growth: -75% YoY | 0.69 Cr Vs 2.83 Cr (Please note that positive PAT is due to deferred 1.38 Cr)
Margins improved from 4.74% to 9.88%
Full Year Numbers:
Sales growth: -3.1% | 90.29 Cr Vs 93.24 Cr
PAT growth: -98.4% | 0.08 Cr Vs 5.22 Cr ((Please note that positive PAT is due to deferred 1.05 Cr)
Margins fell from 10% to 9%
Balance Sheet: Equity dilution happened after the Preferential allotment – from 10.56 Cr to 11.41 Cr | Debt increased from 32 Cr to 40 Cr | Reserves have increased to 16 Cr from 24 Cr
Cash Flow: Ended the year with negative CFO at -0.54 Cr
Key Development:
- Inaugurated the new state-of-the-art manufacturing facility (Plant -3) in Pirangut, Pune, a significant investment in the future of our company. Also, completed the acquisition of a controlling stake in M/s Preciso Metall Pvt Ltd. in April 2023
- Received a new business Nomination Letter and a purchase order of around ₹1.7 Cr from CNH Industrial (India) Private Limited, a global leader in capital goods.
Our take: Disastrous set from the company. As this is a nanocap, we will continue to track the company and their developments.
Trident Techlabs – Macp 707 Cr
H2 FY24 Numbers:
Sales growth: 620% YoY | 64 Cr Vs 8.92 Cr
PAT growth: 223% YoY | 12.46 Cr Vs -10.1 Cr
Margins improved from -91% to 27%
Full Year Numbers:
Sales growth: 7.8% | 72.62 Cr Vs 67.35 Cr
PAT growth: 68% | 9.37 Cr Vs 5.55 Cr
Margins improved from 15% to 22%
Balance Sheet: Reserves increased from 16 Cr to 29 Cr | Debt reduction from 23 Cr to 19.2 Cr
Cash Flow: Ended the year with a negative CFO of 17 Cr due to receivables of 22 Cr
Key Developments:
Balu Forge Industries Ltd – Macp 2926 Cr
Q4 FY24 Numbers:
Sales growth: 30% YoY | 161 Cr Vs 124 Cr
PAT growth: 86% YoY | 28 Cr Vs 15 Cr
Margins improved from 17% to 21%
Full Year Numbers:
Sales growth: 71% | 560 Cr Vs 327 Cr
PAT growth: 141% | 94 Cr Vs 39 Cr
Margins improved from 15% to 21%
Balance Sheet: Reserves increased from 114 Cr to 450 Cr | Debt levels is around 50 Cr.
Cash Flow: Ended the year with a negative CFO of 18 Cr due to receivables(since last year it is reduced from 97 Cr to 59 Cr) and inventory
Key Developments:
Resgen Ltd – Macp 163 Cr
H2FY24 Numbers:
Sales growth: 147% Yoy | 30.4 Cr Vs 12.29 Cr
PAT growth: 92% Yoy | 3.95 Cr Vs 2.05 Cr
Full Year Numbers:
Sales growth: 92% | 45 Cr Vs 23 Cr
PAT growth: 57.6% | 6.5 Cr Vs 4.16 Cr
Balance Sheet: Long-term Borrowings reduced from 8.3 Cr to 6.5 Cr
CFO: 5.12 Cr FY24 Vs -14 Cr FY23
Key Developments:
Marine Electricals Ltd – Macp 1319 Cr
Q4 FY24 Numbers:
Sales growth: 65% YoY | 237 Cr Vs 143 Cr
PAT growth: 200% YoY | 28 Cr Vs 15 Cr
Margins improved from 7.55% to 9%
Full Year Numbers:
Sales growth: 40% | 622 Cr Vs 442 Cr
PAT growth: 53% | 25 Cr Vs 16.8 Cr
Margins decreased from 9% to 8%
Balance Sheet: Reserves increased from 114 Cr to 224 Cr | Debt levels increased by around 50% to 97 Cr (Although maximum borrowings are short-term)
Cash Flow: Ended the year with a negative CFO of 7.35 Cr due to an increase in receivables and inventories
Key Developments:
4 orders were received in May 2024.
CGVAK – Macp 172 Cr
Q4 FY24 Numbers:
Sales growth: -6.5% YoY | 18.69 Cr Vs 20 Cr
PAT growth: -31% YoY | 1.79 Cr Vs 2.62 Cr
Margins fell from 20% to 13%
Full Year Numbers:
Sales growth: 2.1% | 78.58 Cr Vs 76.91 Cr
PAT growth: -22.5% | 9.23 Cr Vs 11.91 Cr
Margins fell from 23% to 15.9%
Balance Sheet: Debt is around the same levels as last year at around 3 Cr | Reserves have increased to 57.4 Cr from 48 Cr
Cash Flow: Yet another positive CFO at 9.3 Cr Vs 11.84 Cr last year
Highest-ever promoter shareholding historically at 53.87%
See you next time.
Until then… Stay Prudent!
Disclaimer: This article is provided for informational purposes only and should not be considered as an investment advice