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Showing posts from May, 2024

TGIF Agribusiness Limited Company Highlights

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TGIF Agribusiness Limited:- Some of the Key highlights of the company are as below:- 1.        This company was founded in Year 2014 2.        Previous name of the company was ARV Farmpro LLP 3.        This company is in the business of Dragon fruit, pomegranates, and sagwan trees plantation. 4.        Company also harvest and grow the vegetables and fruits such as lemon, chilies and watermelons. 5.        Company has farmland of 110 acres and they have lands in Rajasthan. 6.        Most of lands are on lease basis. 7.        Company launched its IPO from 8 th May 2024 to 15 th May 2024 at and issue price of Rs.93 per share. 8.        Total issue size was Rs.6.39 crores. 9.        IPO was subscribed...

Virtuoso Optoelectronics Limited results Analysis

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  Virtuoso Optoelectronics Limited:- This company is promoted by Bharati Family. This company was started on 11 th September 2015. It is in business of contract manufacturing and also in into brand for consumer electronics goods like Air conditioners, Lighting and Water heaters. They have following business verticals:- 1.        LED Lights manufacturing for both indoor and outdoor applications. 2.        Instant water heaters 3.        Indoor and Outdoor units for split air conditioners 4.        They are also in business of manufacturing N95 Masks.   It has two Major consumers 1.        Voltas 2.        Panasonics limited These contribute nearly 80% of total revenue and rest 20% is contributed by 1.        Racold 2.     ...

Cochin Shipyard Profit rised by 6 folds

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  Cochin Shipyard Q4 FY23-24 Results:-   Cochin Shipyard announced its Q4 FY23-24 results on 24.05.2024 and key highlights of the   results are as below:- 1.       Profit rose by more than six folds from Rs.39.3 crores in Q4 FY 22-23 and in this quarter company posted profit of Rs.258.9 crores. 2.       Revenue from operations on consolidated basis increased from Rs.671 crores to Rs.1366 crores i.e. increase of 103%. (i)                  Revenue from Shipbuilding segment is Rs.985.15 crores against Rs.453.84 crores in FY 22-23. (ii)               Revenue from Ship repair segment is Rs.300.89 crores against Rs.146.24 crores. 3.       EBITA increased to Rs.288.3 crores positive against loss of Rs.67.1 crores. 4.      ...

BHEL Strong order book Q4 FY23-24 Analysis

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  ·          BHEL Results Q4 FY 23-24:- BHEL finally announced much awaited financial results. Q4 FY 23-24 results highlights are as below:- 1.       BHEL reported EBITA (Earnings before Interest, Tax and Depreciation) stood at Rs.892.78 crores Vs Rs.1160.6 Last financial year fourth quarter. 2.       Net profit declined to Rs.484.36 crores Vs Rs.645.13 crores year ago Q4 period. 3.       If we see profit Vs Last quarter i.e. December quarter than profit seems to risen by multifold and in Q3 FY 23-24 company reported profit of only Rs.46.31 crores. 4.       Revenue from operation increased only marginally i.e. company reported revenue of Rs.8260.25 crores Vs Rs.8227.99 crores in year ago period. 5.       Company has announced dividend of Rs.0.25 per share having face value of Rs.2. 6.    ...

BHEL to be included in large cap

 BHEL company has a latest update that it will be soon part of large cap as due to recent rally in stock, stock valuation has been increased to above 1.04 lakh crores. Stock has been rallied by 267% in last one year stock price has been increased from Rs. 80 per share to Rs. 304 per share. Stock has rallied 372% since 2019. Stock price increased from Rs.71.55 per share to Rs. 304 per share on dated 18.05.2024. Stock is very close to all time high of Rs. 340 per share. 

BHEL Dividend Update for FY 23-24

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BHEL set to announce its Financial results for Q4 FY 23-24 on 21st May 2024. Now company has announced through notification to BSE regarding latest update on board meeting.  The latest news will give smiles to investors as they are considering Dividend in the board meeting as well. This means that company is also reporting profit for whole financial year and company will report profit more than cumulative losses of previous quarters of  1. Rs. -344 crores in Q1 FY 23-24, 2. Rs. -238 Crores in Q2 FY 23-24 3. Rs. -149 Crores in Q3 FY 23-24 This indicates that BHEL is now on strong footing and reporting profits from last 2 financial years. This year profit means that company is going to report profit for consecutive 3 financial years.  1. In FY 2019-20 company reported loss of Rs. -1468 crores 2. In FY 2020-21 company reported loss of Rs. -2700 crores 3. In FY 2021-22 company started reporting profit and clocked profit of Rs. 445 Crores 4. In FY 2022-23 Company reported prof...

OIL India Bonus Shares and Dividend

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  ·         OIL India Latest Update Oil India Is Likely to consider bonus issue in upcoming board meeting on 20 May 2024. In this meeting, company is set to announce its financial results for Q4 FY 2023-24. They are considering final Dividend for FY 2023-24. Notification Details regarding the Bonus issue in upcoming board meeting is already shared by Oil India with BSE. Oil India has already announced dividend of Rs.12 per share in this financial year. If this Bonus will be declared by company than this will be first time since 2018 that company is set to announce the bonus shares. In 2018 company declared bonus shares in ration of 1:2 i.e. shareholders got 1 bonus share against each equity share held by shareholders. Previously following bonuses are issues by company:- 1.      Feb 9, 2018- Ratio 1:2 2.      Nov 28, 2016- Ratio 1:3 3.      Feb 11, 2012- Ratio 3:2 4.  ...

IEX Energy Q4 FY 23-24 Results Highlights

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Indian Energy Exchange- It is an Energy trading platform company.  IEX Energy declared results for Q4FY 23-24 and details of the same are as below:- 1. Profit for the March quarter increased by 9.5% YoY to Rs. 96.70 crores 2. Revenue increased by 15% to Rs.149.30 crores 3. Company declared dividend of Rs.1.50 per share. 4. IEX volumes increased to 30.1 BU across all verticals. This comprises of following:- (a) 25.9 BU from the power segment (b) 1 BU from Green Market segment (c) 32.48 Lakh from Renewable energy certificates which is equivalent to 3.2 BU. IEX Energy stated that 1.      India Electricity consumption in FY 23-24 hits high of 1622 BUs which are up by 7.7 Year on Year. 2.      Coal production also increased by 11.7% YoY to 1 billion tonne. 3.      Coal Dispatches to coal plants increased by 8.8% to hit 810 million tonne. ·         BU Stands for B...

BHEL Financial Results Update for Q4 FY23-24

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  ·          BHEL Latest Update:- BHEL set to announce its quarterly results for Q4 FY23-23 on 21 May 2024. Company have not announced that they will declare divided for this financial year. If Company report healthy profit as this year company has not reported any profit and it has clocked losses as below:- 1.                 Q1 FY23-24- Revenues- Rs.5117 Crores       Loss- -344 crores 2.                 Q2 FY23-24- Revenues- Rs.5305 Crores        Loss- -238 crores 3.                 Q3 FY23-24- Revenues- Rs.5600 crores        Loss- -149 crores     We can see that revenue of the company are increasing quarter on quarter and Losses are getting                ...

XLPE Cables Applications and Advantages

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  ·     Why is XLPE cables are Cross-Linked? In XLPE insulation cables the rubber is vulcanized with addition of Small quantities of chemical additives. This will help to rearrange the molecular structure into a lattice this process will hinders the movement of molecules in the presence of heat. XLPE cable is insulated with hydronic tubing made of cross-linked polyethylene plastic (XLPE).  The XLPE insulation has a three-dimensional bond within the plastic. The insulation is a  thermoset, zero halogen insulation that provides flame retardant properties.  It is strong, durable, and temperature conducting.  This process of vulcanization is being carried out to increase the stability of the XLPE cables even at high temperatures. This process of Cross-linking polyethylene also improves current carrying capacity i.e. rating of XLPE in order to withstand higher short circuits and under normal load conditions. By this XLPE insulation, the problem...

BHEL rallied 13% in Last 2 days on this Dubai Tieup

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  BHEL Latest News:- BHEL share soared as much as 9% in Intraday on 03.05.2024 and past 2 days stocks has bene rallied to as much 13%. Company stock is   in bull run after it has announced that company has entered into strategic partnership agreement with Dubai based company naming as HIMA Middle East FZE on Tuesday for railway signalling business. The stock record highs since March 2012 and it has all time high of Rs. 390 per share on dated 7 th November 2007. After this run up in Stock the Market capitalization has become to Rs.1.01 lakh crores. BHEL is PSU (Public Sector Undertaking) having operation sin power and industry segments. This power company supplies power plant equipment such as:- 1.      Boilers 2.      Turbo Generators. 3.      Turbines and accessories They have experience in erecting of coal, Hydro, nuclear, gas and Solar based power plants. The other segment naming   Industry ...