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Driving Growth: Tech, Engineering, Confectionery, and Solar Firms Shine in Q1FY24

Key Stock Updates - 2nd August 2024 Edition

By Staff Contributor
8 Min Read
Highlights
  • In today’s update, we spotlight key companies that have recently submitted filings to the stock exchange. These filings offer valuable insights into corporate strategies, financial health, and potential market movements. Let's take a closer look.
  • Quicktouch Technologies Limited: Scheduled Board Meeting on August 6, 2024, to discuss fundraising and other business matters.
  • Konstelec Engineers Limited: Received a significant order worth ₹28.50 crores from Arcelor Mittal Nippon Steel India Limited for Electrical and Instrumentation work.
  • Grill Splendour Services Limited: Opened a new store on July 31, 2024, in Mulund West, bringing the total number of stores to 23.
  • Oriana Power Limited: Board of Directors approved the allotment of equity shares worth ₹206.85 crores to Non-Promoter Strategic Investors.
Contents
1) Quicktouch Technologies Limited2) Konstelec Engineers Pvt. Ltd3) Grill Splendour Services Limited4) Oriana Power LimitedPast Coverages

1) Quicktouch Technologies Limited

  • Business Overview – Incorporated in 2013, Quicktouch Technologies Limited is an IT company focused on enhancing business operations through its industry experience and technological expertise. They offer a range of services including software IT solutions, consulting, software development, commercial training, and web design. Their services encompass website design, mobile app development, and web hosting, supported by their domain knowledge and infrastructure to cater to various business sectors.
  • Recent Filings – Quicktouch Technologies Limited has scheduled a Board Meeting on August 6, 2024. The agenda includes discussing and approving plans for raising funds and addressing other business matters
  • Future Outlook –
    • Quicktouch Technologies Limited has recruited top talent from industry leaders Razorpay and PayU to drive their expansion into Fintech and Payment Aggregation. This strategic move aims to accelerate the company’s growth and innovation, providing robust and scalable financial solutions for businesses of all sizes.
  • 1Y Price Chart –

2) Konstelec Engineers Pvt. Ltd

  • Business Overview – Konstelec Engineers Pvt. Ltd. (KEPL) is an electrical and instrumentation engineering company offering detailed engineering services, turnkey contracts, and operations & maintenance (O&M) services. They serve industries such as petrochemical, chemical, cement, and textile, as well as commercial complexes and hotels. KEPL has completed over 200 projects, including 45 major projects valued at more than 400 crores.
  • Recent Filings – Konstelec Engineers Ltd. has received a significant order valued at ₹28.50 crores from Arcelor Mittal Nippon Steel India Limited. The order is for Electrical and Instrumentation work to be carried out at their facility in Surat, Gujarat. The project is expected to be completed within 18 months from the issuance of (LOI). 
  • Future Outlook –
    • •Konstelec Engineers Pvt. Ltd. (KEPL) has recently received an order worth 28.50 crores, which will contribute substantially to the company’s revenue stream.
    • •The company also has an very large order to fulfill which is in the process of being executed by the company.
  • Price Chart since Jan,2024 –

3) Grill Splendour Services Limited

  • Business Overview –
    • Grill Splendour Services are a chain of gourmet Bakery and Patisserie spread across Mumbai, a centralized production facility and multiple corporate clients. The Company is engaged in the sale of broad categories of products comprising of Cakes & Pastries, Food Sale, Beverages and Desert Sales.
    • The Company got incorporated in November 2019 as a hospitality company to acquire the bakery and confectionery business along with brand Birdy’s Bakery and Patisserie from WAH Restaurants Private Limited. The acquisition was done via a BTA effective December 27, 2019 (Acquisition Agreement). After that the Company proceeded to invest in the business and grow the brand and spread presence.
    • The brand Birdy’s was originally set up as “Birdy’s by Taj”. It opened first store operations in Wadala in year, 2020, further, it started new Birdy’s outlets at Ghatkopar and moved to a  new storeroom for Birdy’s management at Wadala in 2020.
    • In 2022, the Company opened a new Birdy’s outlet at Prabhadevi, Ghatkopar, Mahim and IC Colony, Borivali. Thereafter, it started supply of foods to B2B customers, Wagh Bakri Tea Lounge as well as MARS Restaurants. And then, started catering services as well as a Birdy’s outlet at Tata Trent Headquarter at BKC, Mumbai. It started supply of foods to B2B customers of Coffee Day, Barista and IBIS hotels.
    • In 2023, the Company opened New Birdy’s outlet at Kemps Corner; started supply to B2B customer Compass Group and expanded the Central Confectionary Kitchen at Wadala.
    • The Company proposed IPO on April 15,2024 by raising funds aggregating Rs 16.48 Cr. and 13,72,800 Fresh Issue Equity Shares.
  • Recent Filings – Company has opened a new store on July 31, 2024, at Mulund West. The total number of stores of the Company as on date stands at 23.
  • 1Y Price Chart –

4) Oriana Power Limited

  • Business Overview – Oriana Power Ltd. is a prominent provider of solar energy solutions to industrial and commercial customers in India and Africa. The company was founded in 2013 and has since delivered over 100 MW of solar projects. Oriana Power offers two main business models: CAPEX and RESCO. The Company on an aggregate has implemented 70+ projects, served 30+ clients.
  • Recent Filings – BoD approved the allotment of 11,36,550 Equity Shares of ₹10/- each at a premium of ₹1,810/- per share, amounting to ₹206.85 crores to Non-Promoter Strategic Investors on a preferential allotment basis. Post allotment, the equity paid-up share capital of the Company has increased from ₹19.18 crores to ₹20.32 crores.
  • Future Outlook –
    • Company is setting ambitious goals, with a target to achieve 1 GW capacity by 2026
    • Company expanding its Order book with an additional 250+ MWp of solar projects and 21 TPD capacity CBG plant are under execution.
    • •Company has 600+ MWp Capacity in Pipeline.
    • •Company entered the open access market to cater to Commercial & Industrial sectors and installing largest rooftop solar power plants for tyre company with a capacity of 12.5 MWp.
  • 1Y Price Chart –

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 66.7% 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 18.3% 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 26.5% 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 20.1% 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 10.9% 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 5.4% 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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SOURCES:NSE India
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