#KNR Construction Share News

[akhabarfactory]

Ceigall India IPO: Key Dates, Details, and Insights

Put dates in your calendars! The dates of the Ceigall India IPO are August 1, 2024, and August 5, 2024. With a new issue of ₹684.25 crores and an offer to sell up to 14,174,840 equity shares at ₹5, the business hopes to raise about ₹1,252.66 crores. Retail quota is 35 percent; QIB is 50 percent; and HNI is 15 percent. Known for its proficiency in constructing elevated roadways, flyovers, bridges, tunnels, highways, expressways, and runways, Ceigall India was founded in July 2002. With a three-year revenue CAGR as of Fiscal 2023, Ceigall India is acknowledged as one of the fastest-growing EPC businesses. The company has completed over 34 projects, comprising 16 EPC and one HAM project. There are fifteen active projects that the organization is working on right now, ranging from multi-lane highways and expressways to elevated corridors and bridges. Ceigall India also has experience subcontracting projects and operates and maintains (O&M) projects in accordance with its EPC/HAM concession agreements. Goals of the ProblemEvaluation of the IPO and Brokerage ViewsInformation about the IPOSpecifics of the Market Lot and ApplicationImportant DatesFinancial PerformanceValuation (FY2024)Peer GroupCompany PromotersContact Information

Goals of the Problem

- Purchasing Equipment - Repayment/Prepayment of Debt for General Corporate Purposes of the Company and Its Subsidiary, CIPPL

Evaluation of the IPO and Brokerage Views

Brokerage companies such as Capital Market, Religare Broking, Hem Securities, and Arihant Capital will soon provide reviews.

Information about the IPO

- Open Date: August 1, 2024 - Close Date: August 5, 2024 - IPO Size: Approx. ₹1,252.66 Crores (31,238,480 shares) - Fresh Issue: Approx. ₹684.25 Crores (17,063,640 shares) - Offer for Sale: Approx. ₹568.41 Crores (14,174,840 shares) - Face Value: ₹5 Per Equity Share - Price Band: ₹380 to ₹401 Per Share - Listing: BSE & NSE - Retail Quota: 35% - QIB Quota: 50% - NII Quota: 15%

Specifics of the Market Lot and Application

- Minimum Market Lot: 37 shares with an application amount of ₹14,837 - Retail Investors: Up to 13 lots - S-HNI Minimum: 14 lots - B-HNI Minimum: 68 lots

Important Dates

- Basis of Allotment: August 6, 2024 - Refunds: August 7, 2024 - Credit to Demat Account: August 7, 2024 - IPO Listing Date: August 8, 2024 You can download IPO forms from the websites of the NSE and BSE, or you can apply for the Ceigall India IPO using ASBA in your bank account.

Financial Performance

- 2022: Revenue: ₹1,146.50 Crores | Expense: ₹977.03 Crores | PAT: ₹125.86 Crores - 2023: Revenue: ₹2,087.04 Crores | Expense: ₹1,861.85 Crores | PAT: ₹167.27 Crores - 2024: Revenue: ₹3,066.19 Crores | Expense: ₹2,660.83 Crores | PAT: ₹304.31 Crores

Valuation (FY2024)

- EPS: ₹19.37 per Equity Share - RoNW: 33.57% - NAV: ₹57.68 per Equity Share

Peer Group

- PNC Infratech Limited - G R Infraprojects Limited - H.G. Infra Engineering Limited - KNR Constructions Limited - ITD Cementation India Limited - J Kumar Infraprojects Limited

Company Promoters

- Ramneek Sehgal - Sons HUF and RS Family Trust

Contact Information

Registrar: Link Intime India Private Ltd | Phone: +91-22-4918 6270 | Email: Signatureglobal.ipo@linkintime.co.in Company Address: Ceigall India Limited, A-898, Tagore Nagar, Ludhiana 141 001, Punjab, India | Phone: +91 161 4623666 | Email: secretarial@ceigall.com | Website: www.ceigall.com Also Read : TVS Supply Chain Solutions: June 2024 Net Profit Increases Despite Sales Decline Read the full article

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NRB Bearings Ltd - Rolling out growth

NRB Bearings (NRB) was the first company to manufacture needle roller bearings in India. For over 40 years, NRB has been the pioneer and leader in the bearing technology space. It is a recognized leader and the largest manufacturer of needle roller bearings in India, with ~70% segmental market share. With 65% revenue coming in from domestic OEMs, NRB is expected to be a key beneficiary of robust growth in the automobile sector. We are especially positive about the 2 wheeler segment (30% revenue contribution) in view of improving rural economic conditions. It has two government accredited R&D centers that focus on quality engineering and disruptive technologies that will drive future growth. NRB’s product range covers over 5,500 different types of parts of primarily customized friction solutions. It is one of the three largest suppliers of customized bearings, and crank pins to the two and three-wheeler industry. NRB Group has a market share of ~70% in the needle roller bearings segment, and a strong market position in the cylindrical roller bearings segment. The Company is a leader in needle roller bearings, conventional cylindrical roller bearings, and has developed a new generation of lightweight drawn cup bearings. NRB has a diversified revenue stream with no customer contributing to more than~10% of revenues for the Company. The top 10 clients contribute ~50% of the top-line. With a proven track record of over 50 years, it is the preferred supplier for leading domestic OEMs such as Hero MotoCorp, Bajaj Auto, Maruti Suzuki, Tata Motors and Ashok Leyland, among others. NRB will be a key beneficiary of the strong volume growth witnessed in the automobile segment across sectors, with OEMs accounting for ~65% of revenues. Exports are also growing at a robust pace, led by a recovery in the North-American and European truck/PV markets (~20% of revenue). Increasing traction in the after-market segment and incremental revenue from the defence, aerospace and railway segments, coupled with a fall in interest cost, would aid in topline growth and margin expansion. In the CV segment, it now supplies 100% of needle and cylindrical bearing requirements to Eicher Motors & Volvo. Among tractors, apart from supplying entrenched players such as Mahindra and TAFE, NRB is also the sole supplier of needle and cylindrical bearings to high-growth newer companies, who are swiftly gaining market share, like Sonalika and John Deere. In passenger cars, the company is the most crucial supplier of custom-designed bearings for India’s largest players, especially in transmission bearings. NRB’s foray into defense has commenced successfully, with its products being accepted at DRDO and NAL. NRB has three subsidiaries viz. SNL Bearings Ltd, NRB Bearings (Thailand) Ltd and NRB Bearings Europe GmbH. SNL Bearings Ltd (SNL), in which NRB holds 73.45% equity, reported PAT of Rs 6.6 cr in FY17. Despite the challenging environment in the Indian economy post demonetization and implementation of new BIS-IV emission norms, SNL achieved a sales growth of 11.5% from increased sales volumes from existing and new OEM customers. SNL expects to further capitalize on growth opportunities during the current year, and enhance profitability with an emphasis on improving quality and productivity. NRB Bearings (Thailand) Ltd (NRBT), a wholly-owned subsidiary, increased its sales by 18% to Rs 29.9 cr in FY17. The company has made a maiden profit for the year at Rs 85 lks, mainly owing to higher manufacturing volumes and lower exchange losses. NRB Bearings Europe GmbH, a wholly-owned subsidiary, was set up to support an increase in exports to Europe. Greaves Cotton Ltd – Re-aligning growth strategies KNR Construction Ltd- Building Highways Sabyasachi Paul has been associated with equity research and advisory on equity markets in India for over 9 years & currently heads the equity research desk of Eastern Financiers Ltd, Kolkata. He also manages a portfolio on the online platform Kristal. Find link to the strategy named ‘The Tortoise’   Read the full article

[ericvick]

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[the-pressnews]

KNR Constructions soars 17%, hits new high ahead of 1:1 bonus share issue

KNR Constructions soars 17%, hits new high ahead of 1:1 bonus share issue

Shares of KNR Constructions hit a record high of Rs 475 after they rallied 17 per cent on the BSE in Tuesday’s intra-day session ahead of the bonus issue share issue. The stock has surged 29 per cent in the past two days. The company will allocate bonus shares in the ratio of 1:1 i.e. one bonus share for every one share held in the company on the record date. The Executive Finance Committee of…

[tradeniveshinvestmentadvisor]

15 stocks to focus on this union budget | Trade Nivesh

Trade Nivesh In the upcoming Budget, market participants are anticipating several measures and reforms in order to bring back economic growth

Ahead of Budget 2020, the Street is building up high expectations, which is evident in levels of benchmark indices. Sensex and Nifty50 are touching their fresh record highs almost on a weekly basis.

This comes at a time when the government is most likely to breach fiscal deficit target of 3.3 percent of GDP.

The Street is hoping for a Budget which would lay the roadmap for India to achieve the $5-trillion economy target by 2024.

“The sluggishness in the economy resulted in lower tax collections and the cut in corporate tax also has contributed its share, while the government borrowing programme swelled to all-time high levels for both central and state governments put together,” Dr. Joseph Thomas, Head of Research, Emkay Wealth Management told Moneycontrol.

“The market has more or less already priced in a 30-bps slippage, but any deterioration above 50 bps may impact the level of yields on government papers and general interest rates,” he said.

Economy-related sectors such as infrastructure, agriculture, banking, financial services, consumption and auto are hogging the limelight.

Experts feel that as the supply-side problem is more or less addressed, the Budget should focus on uplifting aggregate demand, as both consumption and investments are depressed, which are essential in reviving the economy.

Deepak Jasani, Head – Retail Research, HDFC Securities is of the view that Infra, agriculture, rural economy, automobiles, Make-in-India thrust, more on ease of doing business,  employment generation thrust could gain focus from the Budget.

KNR Constructions:

The announcement of 1-lakh crore spending on infrastructure has ignited the bulls in the counter. The stock has witnessed a sharp upside to Rs 295.50 levels, with a gain of 29 percent in the last few weeks.

JK Cement:

No matter how much spending the government will incur on infrastructure, the consumption of cement is going to be triggered, whose effect has started being witnessed in the prices. The stock has added over 14 percent this year.

ICICI Securities:

No doubt the market veterans are betting on the reduction in personal taxes by the government to curb growth concerns. Moreover, the additional disposable income will be bifurcated to consumption and saving.

Likewise, the additional disposable income bifurcated to savings will be channelized to equity markets. So, opening of more Demat accounts cannot be ruled out.

DLF:

While the realty sector has been an underperformer in the last few years despite the government has taken several measures to thrust the realty stocks.

However, this year is going to be a game-changer as market veterans are betting upon tax-free rental income.

Titagarh Wagons:

Major railway wagon manufacturer is known to be the ‘talk of the town’ every January as Budget season kicks off and railway sector is always considered as a leading priority. The counter has seen a sharp up move to Rs. 60, with double digit gains.

Rites:

The Company has been constantly profitable and during the September quarter, it has reported robust growth driven by growth in exports, turnkey works, and leasing, besides the consultancy segment continues to be the key segment.

The management of the company expects to close the current fiscal with an order book of Rs 8.000 crore with the company expect fresh order inflow from Exports, turnkey projects, and consultancy.

The company is debt-free and continues to be a zero-debt company with a strong liquidity position and improved operating margins.

KEI Industries:

The company caters to Power, Industrial, Infra, Railways, Metro Rails, Oil & Gas, Upstream, Aluminum, Refineries, Steel and Exports. It is working on increasing exports. It is exploring more business from Africa and the Middle East.

KEI can be a major beneficiary of the increasing demand from power, infrastructure, and real estate sector. The company has been focusing on expanding its dealer network as this sales channel offers better margins.

Institutional sale growth has been encouraging and management expects this division to grow in double digits, going forward.

The company expects revenue growth of 18 percent for FY20 and also expects a growth of about 17 percent in revenue for the next fiscal as well. The EBITDA margin of 10.5 percent is expected for a full year.

Gujarat Gas:

The company has strong, and steady revenue growth momentum along with sustainable margins. It shall continue to focus on growing the penetration in the current operating areas by increasing the PNG connections and additional CNG stations while tapping the untapped potential by the expeditious rollout of the distribution network in the newly acquired geographic areas as well.

With this focused endeavor, GGL shall continue its efforts in providing clean fuel solutions across all operational areas to augment an energetic top-line and bottom-line in the coming years.

The management of the company is aiming at setting up more than 63 CNG stations in the financial year 2020, for the target to increase the volume of 9-9.5 mmscmd in FY20.

The debt stands at Rs 1,800 crore and the management of the company is looking at EBITDA margin of around 13 Percent in FY20.

JB Chemicals & Pharmaceuticals:

The company accords high priority to the domestic formulations business, which offers a significant value proposition. During the current year, the company plans to continue to pursue focus on harnessing the potential of the existing products, launch new products selectively and achieve increased productivity.

It has a consistent, strong free cash flow annually, with a low debt-equity of 0.02x. The future outlook for the industry and growth expectations remains positive in view of increased government and private spending on healthcare.

ICICI Prudential Life Insurance Company:

Strong growth in Value of New Business on the back of increased retail renewal premium will ensure healthy return ratios for the company, also rise in the working population category and per capita income would lead to an increase in demand for life insurance products.The focus continues to be on growing absolute Value of New Business using the Four-P strategy of focusing on Premium growth, Protection, Persistency, and Productivity.

This has yielded the desired outcome and the company has been able to grow VNB with an uncompromising focus on quality.

In the upcoming budget, market participants are anticipating several measures and reforms in order to bring back economic growth.

Thus we believe the measures would benefit sectors like FMCG, Auto, Infrastructure, Cement and Agriculture & allied. Hence stocks like L&T, Britannia, Coromandel, M&M and Ramco Cements would remain in the spotlight.

L&T:

L&T boasts of a strong order book, high earnings visibility, and a healthy project pipeline. Further, continuous monetization of non-core assets has been improving its working capital efficiency and likely to improve its returns.

Britannia Industries:

We believe the FMCG sector is currently facing a slowdown, however, revival is expected in the medium to long term.

Further, management expects a revival in the economy and thus it continues to focus on strengthening its presence by increasing market share, expanding distribution reach in both rural and urban areas, premiumizing and launching innovative products, steady capacity addition, and improved product mix.

Coromandel International (CIL):

CIL is a flagship company of the Murugappa Group. Coromandel is the second largest phosphatic fertilizer player with a market share of ~20% and boasts of higher utilization levels.

Recovery in southwest monsoon, as well as an increase in crop sowing for Rabi season on the pan-India basis, augur well for the growth of Agri and fertilizer companies. We believe Coromandel is well placed in the sector to capitalize on this opportunity.

M&M:

M&M being the leader in the tractor industry with over 40 percent market share would be a key beneficiary of revival in the demand tractor industry.

We expect the tractor industry to recover as normal monsoon, easing liquidity conditions and lower interest would aid domestic sentiments.

M&M’s automotive segment is likely to witness challenges due to the increase in competitive intensity and BS-VI implementation. Nonetheless, we believe that these concerns are largely factored in and the core business is available at attractive valuations.

Ramco Cements:

It is one of the top cement players in south India. The company is well placed in the cement sector and continues its focus on innovating products, better product mix and improving utilization levels.

Further positive sector outlook and government focus on infra and housing schemes would lead the company to expand its capacity and gain market share going forward. Thus we remain positive on the company’s future growth prospects.

Ask an Expert Trade Nivesh

[intradaytipsstuff]

Share Market News

Dolat Capital is bullish on KNR Constructions has recommended buy rating on the stock with a target price of Rs 250 in its research report dated February 12, 2019. from Moneycontrol Latest News http://bit.ly/2X3A2yl from Blogger http://bit.ly/2SAuTPU

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Kontrol Energy to integrate Artificial Intelligence (AI) into latest Energy Software acquisition

TORONTO, May 30, 2018 /CNW/ – Kontrol Energy Corp. (“Kontrol”, or the “Company”) (CSE:KNR, FSE:1K8) a leader in the energy efficiency market through IOT, Cloud and Blockchain technology is pleased to announce that its most recent acquisition operating as (“iDimax”) will be adding Artificial Intelligence (AI) across its energy software platform. iDimax operates as a Software as a Service (SaaS) platform and has more than 10 years of successful operating history across 12 million square feet of commercial real estate including some of Canada's largest institutional real estate owners and managers.

“When we acquired iDimax our immediate short-term goals were to add AI across the portfolio of buildings to rapidly grow their SaaS revenues and integrate their technology across our consolidated customer base,” says Paul Ghezzi, CEO Kontrol Energy. “The AI platform will be rolled out to existing customers and given iDimax is currently collecting over 2 Billion data records per annum, we are excited to enhance what we can offer to both existing and new customers.���

Through its real-time energy monitoring software iDimax provides both deep energy savings through optimization while improving asset performance and useful life. The iDimax technology has been designed to work with all forms of building automation and can be installed in a low-cost and timely manner providing live streaming dashboards to property managers, portfolio managers, asset managers and key decision makers. 

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Kontrol's AI solution is designed to track consumption relative to the energy equipment installed on site and analyze both deficiencies and potential optimization points in real-time. The more data which is collected the smarter the AI becomes. The AI upgrade compliments existing competitive advantages of low-cost of installation and rapid deployment with minimal hardware requirements.

“In addition to expanding our customer base across Canada we are in discussions with numerous potential US customers in various stages of negotiations,” continues Paul Ghezzi. “With more than 15 Billion data records collected and analyzed the IDimax technology is both proven and scalable. Growing our SaaS revenues is a key strategic objective for Kontrol.”

In addition to the AI upgrade, Kontrol is actively developing various mobile and desktop applications to enhance the real-time energy analytics, optimization and performance metrics delivered by the iDimax technology. The AI upgrade and mobile applications are planned to be released in Q4, 2018.

About Kontrol Energy

Kontrol Energy Corp. (CSE: KNR, FSE: 1K8) is a leader in energy efficiency through IOT, Cloud and Blockchain technology. With a disciplined mergers and acquisition strategy, combined with organic growth, Kontrol Energy Corp. provides market-based energy solutions to our customers designed to reduce their overall cost of energy while providing a corresponding reduction in Greenhouse Gas (GHG) emissions. https://constructionlinks.ca/news/kontrol-energy-integrate-artificial-intelligence-ai-latest-energy-software-acquisition/ Established in 2003, Construction Links Network is a peer-to-peer network sharing platform for the construction, building and design community. This one-of-a-kind platform provides the tools necessary to source and distribute the latest news, videos, events and innovative products / services the industry has to offer which helps our members plan, design and build great projects around the world. #construction #building #architecture #engineer #safety

[intradaytipsstuff]

Share Market News

Dolat Capital is bullish on KNR Constructions has recommended buy rating on the stock with a target price of Rs 250 in its research report dated February 12, 2019. from Moneycontrol Latest News http://bit.ly/2X3A2yl from Blogger http://bit.ly/2DIVHCZ

[blogthetortoise-blog]

NRB Bearings Ltd - Rolling out growth

NRB Bearings (NRB) was the first company to manufacture needle roller bearings in India. For over 40 years, NRB has been the pioneer and leader in the bearing technology space. It is a recognized leader and the largest manufacturer of needle roller bearings in India, with ~70% segmental market share. With 65% revenue coming in from domestic OEMs, NRB is expected to be a key beneficiary of robust growth in the automobile sector. We are especially positive about the 2 wheeler segment (30% revenue contribution) in view of improving rural economic conditions. It has two government accredited R&D centers that focus on quality engineering and disruptive technologies that will drive future growth. NRB’s product range covers over 5,500 different types of parts of primarily customized friction solutions. It is one of the three largest suppliers of customized bearings, and crank pins to the two and three-wheeler industry. NRB Group has a market share of ~70% in the needle roller bearings segment, and a strong market position in the cylindrical roller bearings segment. The Company is a leader in needle roller bearings, conventional cylindrical roller bearings, and has developed a new generation of lightweight drawn cup bearings. NRB has a diversified revenue stream with no customer contributing to more than~10% of revenues for the Company. The top 10 clients contribute ~50% of the top-line. With a proven track record of over 50 years, it is the preferred supplier for leading domestic OEMs such as Hero MotoCorp, Bajaj Auto, Maruti Suzuki, Tata Motors and Ashok Leyland, among others. NRB will be a key beneficiary of the strong volume growth witnessed in the automobile segment across sectors, with OEMs accounting for ~65% of revenues. Exports are also growing at a robust pace, led by a recovery in the North-American and European truck/PV markets (~20% of revenue). Increasing traction in the after-market segment and incremental revenue from the defence, aerospace and railway segments, coupled with a fall in interest cost, would aid in topline growth and margin expansion. In the CV segment, it now supplies 100% of needle and cylindrical bearing requirements to Eicher Motors & Volvo. Among tractors, apart from supplying entrenched players such as Mahindra and TAFE, NRB is also the sole supplier of needle and cylindrical bearings to high-growth newer companies, who are swiftly gaining market share, like Sonalika and John Deere. In passenger cars, the company is the most crucial supplier of custom-designed bearings for India’s largest players, especially in transmission bearings. NRB’s foray into defense has commenced successfully, with its products being accepted at DRDO and NAL. NRB has three subsidiaries viz. SNL Bearings Ltd, NRB Bearings (Thailand) Ltd and NRB Bearings Europe GmbH. SNL Bearings Ltd (SNL), in which NRB holds 73.45% equity, reported PAT of Rs 6.6 cr in FY17. Despite the challenging environment in the Indian economy post demonetization and implementation of new BIS-IV emission norms, SNL achieved a sales growth of 11.5% from increased sales volumes from existing and new OEM customers. SNL expects to further capitalize on growth opportunities during the current year, and enhance profitability with an emphasis on improving quality and productivity. NRB Bearings (Thailand) Ltd (NRBT), a wholly-owned subsidiary, increased its sales by 18% to Rs 29.9 cr in FY17. The company has made a maiden profit for the year at Rs 85 lks, mainly owing to higher manufacturing volumes and lower exchange losses. NRB Bearings Europe GmbH, a wholly-owned subsidiary, was set up to support an increase in exports to Europe. Greaves Cotton Ltd – Re-aligning growth strategies KNR Construction Ltd- Building Highways Sabyasachi Paul has been associated with equity research and advisory on equity markets in India for over 9 years & currently heads the equity research desk of Eastern Financiers Ltd, Kolkata. He also manages a portfolio on the online platform Kristal. Find link to the strategy named ‘The Tortoise’   Read the full article