Macfos Reports Impressive 120% Profit Surge in Q1 FY24 Compared to Q1 FY23

1) All E Technologies Limited

• Business Overview - The Company help in bringing together, Company & Customers, Factory & Field Service, Store Front & Supply Chain, Patients & Providers, People & Governments by putting in place integrated operational systems of ERP, CRM, Collaboration Portals, Mobile Apps and enable businesses to draw actionable insights from data. It provide consulting services for solution assessments, provide product licenses, carry out solution implementation, provide solution enhancements and on-going support.
• Recent Filings - For the quarter ending Jun-24, Sales up 23% YoY from INR 27 Cr in Jun-23 to INR 33 Cr in Jun-24. Similarly, Net Profit up 52% from INR 4.1 Cr to INR 6.2 Cr. On a QoQ basis, Sales up 9% and Net Profit up 12%.
• Future Outlook -
  • Company expects a target of 25% revenue growth.
  • They aspires to reach INR 1000 Cr revenue in 8-9 years.
  • There focus is on modernizing the digital core, enterprise applications, process optimization, systems integration, data engineering, AI and change management.
  • They has added 56 new customers during the year.
• 1Y Price Chart -

2) Macfos Limited

• Business Overview - Macfos Limited is an e-commerce company that offers a variety of electronic items such as robotic parts, drone parts, E-bike parts, IoT gadgets, 3D printers, DIY kits, development boards, and sensors. It serves manufacturers, students, educational institutions, researchers, and developers, aiding in idea realization and expediting R&D and prototyping. The company offered 23.28 lakh equity shares worth Rs. 23.75 crore through an IPO and got listed on the BSE SME platform on March 1, 2023.
• Recent Filings - In the quarter ended June 2024, Macfos' net profit surged 120.33% to Rs 4.01 crore, up from Rs 1.82 crore in the same quarter of 2023. Sales also rose 119.04% to Rs 56.82 crore, compared to Rs 25.94 crore in the previous year. On a QoQ basis, Sales up 39% and Net Profit down 11%.
• Future Outlook -
  • Management aims to maintain net margins between 8% to 10% by focusing on developing their own products and brands.
  • The future outlook for FY'25 is highly optimistic, focusing on Robu 1.0 and Robu 2.0 strategies.
  • Robu 1.0 focuses on sustaining the electronic distribution business through new products, enhanced IT infrastructure, supply chain efficiency, and exceptional customer support.
  • Robu 2.0 focuses on developing own products for higher margins and a competitive edge.
• 1Y Price Chart -

3) QGO Finance Limited

• Business Overview - Incorporated in 1993, Qgo Finance Ltd is a Non-Systemically Important Non-Deposit Accepting NBFC classified as Category 'B' by the RBI. The company finances construction projects, provides retail loans, and engages in financing and investment in bodies corporate.
• Recent Filings - For Qgo Finance, net profit increased by 70.59% to Rs 0.87 crore in the quarter ended June 2024, up from Rs 0.51 crore in the same quarter of the previous year. Sales also rose by 24.85% to Rs 4.12 crore in the quarter ended June 2024, compared to Rs 3.30 crore the year before. On a quarter-on-quarter (QoQ) basis, sales grew by 10%, while net profit decreased by 1%.
• Future Outlook -
  • The company aims to broaden and diversify its operations in the coming years to pursue greater revenue opportunities.
  • There was allotment of 300 Transferable Unsecured Non – Convertible Debentures (NCDs) of Rs.1,00,000 each. (01^st May 2024)
• 2Y Price Chart -

4) Rulka Electricals Limited

• Business Overview -
  • Rulka has integrated operations which involve Designing, Supplying, Installation, Testing & Commissioning of the project with best quality & On Time delivery of the Project with all the Handover Documents. It maintain projects as per the requirements. It completed Warehouses projects across country. Also, completed Retail Stores projects, theatres project across country & many more Hospitals & Hospitality.
  • The Company is in business of turnkey projects contractor engaged in offering solutions for Electrical & Fire Fighting Turnkey Projects. It offer services like Electrical Solutions, Electrical Panels, Solar EPC Contracts, Turnkey Electrical Warehousing Projects, Electric Commercial Industrial Services, Maintenance Services, Electrical Contracting and Data & Voice Cabling Installation across the Industrial Sector, Commercial, Retail and Theatre sector. It also offer electrical contracting services for industrial plants.
• Recent Filings -
  • Company has got new orders worth INR 13.4 Cr.
  • The largest order is from Vertical warehouse holding pvt Ltd, worth INR 7.6 Cr for civil, fire electrical work in Haryana.
  • Indospace As Industrial Park pvt Ltd placed an order amounting to INR 5.8 Cr for fire work in Chakan Maharashtra.
  • Palra Estate pvt Ltd has placed an order worth INR 8.8 L for Steel bar, MS Angle, Squre baar work in Haryana.
• Recent Updates -
  • •Bofa Securities Europe Sa bought 21.6k shares of Rulka Electricals at INR 417/share, aggregating to INR 90L. (12^th June 2024)
• Price Chart since listing -

Past Coverages

Coverage Date	Company	LTP on Coverage Date	Current LTP	% change since coverage	Recent Filings
9/07/24	Emerald Finance Ltd.	₹42	₹71.2	69.5%	Recent Concall Anticipates its book size to grow by 8 to 10 times over the next three years. (16th July)
22/07/24	EMS Ltd.	₹684	₹837.85	22.5%	New Order Company received a LoA worth INR 535 Cr for Development of Water Supply and Sewerage System with 18 years O&M in Vikas Nagar Dehradun, Uttarakhand. (19th July)
8/07/24	Dhabriya Polywood Ltd.	₹379	₹437.85	15.5%	New Order Company received two work orders aggregating to INR 5.2 Cr on 4th July.
19/07/24	Shakti Pumps Ltd.	₹3,901	₹4276	9.6%	EXCELLENT Q1FY25 RESULT For Q1FY25, Sales up 5x YoY and Net Profit up 93x. (20th July)
19/07/24	Anant Raj Ltd.	₹480.7	₹555	15.5%	Entered a MoU Anant Raj Cloud Pvt Ltd, a wholly-owned subsidiary of Anant Raj, entered into a MOU with Google LLC. (20th July)
8/07/24	Dynamic Services & Security Ltd	₹276	₹275.6	0.1%	Share Repurchase Agreement Company has entered a Share Repurchase Agreement with the existing shareholder of Nacof Nithin Sai Green Energy to acquire 49% of the outstanding share capital of the Target Company.

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