Sovrenn Times 06 Nov 2023

Author: Sovrenn Financial Technologies Pvt. Ltd.
6th Nov 2023
Aditya Joshi, Co-founder and CEO

Akriti Swaroop, Co-founder and COO
SOVRENN TIMES
DISCLAIMER: This document is created for educational and informational purposes only and should NOT
be construed as a Buy/Sell recommendation, investment advice or a research report. Although the
document accurately reflects the personal views of the authors, there may be manual/ human errors in the
document. The authors may also have equity shares in the companies mentioned in this report. Investor is
advised to consult his/her investment advisor and undertake further due diligence before making any
investment decision in the companies mentioned. Authors are not liable for any financial gains or losses due
to investments made as per the information written in this document.
6th Nov 2023
1. KPT INDUSTRIES LIMITED BSE: 505299
(1st time covered: 13th Feb 2023)
Recent filing: (GOOD RESULTS) For the quarter ending Sep-23, Sales flat YoY at INR 37.4 Cr. Similarly,
Net Profit up 25% from INR 2.4 Cr to INR 3.0 Cr. On a QoQ basis, Sales flat and Net Profit up 12%.
Company Description: KPT Industries is in the business of manufacturing electrical power tools and roots
blowers, electric CVs and power generation through windmills. Its plant is located at Shirol, Maharashtra.
Share price and Volume (last 1 year):
Price Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23
KPT 217 211 234 301 294 352 301 287 326 398 425 448
• MCap of INR 159 Crore (share price = INR 467 / share) (as on 6th Nov ‘23)
• TTM PE of 15.7x (as on 6th Nov ‘23) Retail float = 36.7% (Sep-23)
(In INR Cr) Dec-21 Mar-22 Jun-22 Sep-22 Dec-22 Mar-23 Jun-23 Sep-23
Sales 31.5 30.9 32.5 37.4 44.5 35.4 37.8 37.4
Op Profit 4.2 3.3 3.5 4.8 6.1 4.4 5.2 5.7
Net Profit -0.2 3.1 1.6 2.4 2.7 1.8 2.6 3.0
OPM 13% 11% 11% 13% 14% 12% 14% 15%
NPM -1% 10% 5% 6% 6% 5% 7% 8%
Promoter % 48.2% 48.2% 48.2% 48.2% 48.2% 48.2% 48.2% 48.2%
(In INR Cr) Mar-18 Mar-19 Mar-20 Mar-21 Mar-22 Mar-23 TTM
Sales 86 105 105 101 116 150 155
Op Profit 10 12 12 10 13 19 21
Net Profit 2 4 5 2 5 8 10
Website: https://www.kpt.co.in/
This page is created for information purpose. It is not a BUY/SELL recommendation. 2

Please do your own due diligence before making any investment decisions.
6th Nov 2023
Company Type Evergreen
LT OP uptrend Yes
ST OP uptrend No
PE Very low
Futuristic Sector No
Electric Power Tools

HNI / Institutional
/ Promoter No
Buying
Special Situation No
Future Visibility No
LT OP = Long-term operating profit; ST OP = Short-term operating profit

6th Nov 2023
2. KELTECH ENERGIES LIMITED BSE: 506528
Recent filing: (GOOD RESULTS) For the quarter ending Sep-23, Sales down 15% YoY from INR 114 Cr in
Sep-22 to INR 97 Cr in Sep-23. Similarly, Net Profit up 7.4x from INR 0.5 Cr to INR 3.9 Cr. On a QoQ basis,
Sales down 29% and Net Profit down 19%.
Company Description: Keltech Energies Ltd. is in the business of manufacturing cartridge explosives, bulk
emulsion explosives, mono methyl amine nitrate (MMAN) solutions, accessories for explosives, expanded
perlite products & perlite fiter aid. Established in 1977, the company has interests in mining, shipping, ship
building, industrial salts, automobiles construction chemicals, iron ore, pelletization, industrial gases,
explosives, expanded perlite and exports.
Keltech 698 680 633 785 859 1,080 1,649 1,536 1,599 1,786 1,725 1,953
• MCap of INR 208 Crore (share price = INR 2,081 / share) (as on 6th Nov ‘23)
• TTM PE 11.6x (as on 6th Nov ‘23) Retail float = 38.6% (Sep-23)
Sales 97.7 115.3 141.1 113.6 151.1 157.1 136.0 96.7
Op Profit 2.9 5.5 5.5 3.5 6.8 9.9 8.6 7.9
Net Profit 0.7 3.3 2.3 0.5 2.5 6.6 4.9 3.9
OPM 3% 5% 4% 3% 5% 6% 6% 8%
NPM 1% 3% 2% 0% 2% 4% 4% 4%
Promoter % 54.2% 54.2% 54.2% 54.3% 54.3% 54.3% 54.3% 54.3%
Sales 202 226 216 220 355 563 541
Op Profit 19 15 16 13 16 26 33
Net Profit 8 6 5 2 7 12 18
Website: https://www.keltechenergies.com/

6th Nov 2023
LT OP uptrend Yes
ST OP uptrend No
PE Very low
Industrial Explosives
HNI / Institutional
/ Promoter No
Buying

6th Nov 2023
3. PRITI INTERNATIONAL LIMITED NSE: BE : PRITI
Recent filing: (EXCELLENT RESULTS) For the quarter ending Sep-23, Sales up 67% YoY from INR 12.7
Cr in Sep-22 to INR 21.2 Cr in Sep-23. Similarly, Net Profit up 3x from INR 1.1 Cr to INR 3.3 Cr. On a QoQ
basis, Sales up 23% and Net Profit up 75%.
Company Description: Priti International Ltd is an Indian local furniture & lifestyle brand that offers interior
collections for homes. The brand endorses contemporary designs, expressed by clean lines and embellished
with a modern touch. To accommodate every need, style, and preference from each person, Priti International
Ltd has wide-ranging furniture and home decor collection from natural, modern, classic, minimalist, to
premium.
250 1,000
900
200 800
700
150 600
500
Volume (in '000) - RHS
100 400
Share price (INR) - LHS
300
50 200
100
0 0
3
3
23
23
23
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Entire data unavailable
Priti 137 156 154 155 142 157 175 198 201 173 181 162
Sales 15.9 15.8 12.9 12.7 28.2 29.1 17.3 21.2
Op Profit 1.2 1.1 1.9 1.4 2.8 2.1 1.9 3.9
Net Profit 1.1 1.1 1.6 1.1 2.2 2.2 1.8 3.4
OPM 8% 7% 15% 11% 10% 7% 11% 18%
NPM 7% 7% 12% 9% 8% 8% 10% 16%
Promoter % 73.2% 74.6% 74.6% 74.6% 66.8% 66.8% 66.8% 66.8%
Sales 9.7 24.1 23.2 37.1 57.3 82.9 95.7
Op Profit 0.9 1.8 0.9 2.9 3.7 8.3 10.7
Net Profit 1.0 1.9 2.2 3.1 4.4 7.1 9.6
Website: https://www.pritihome.com/
6th Nov 2023
LT OP uptrend Yes
ST OP uptrend Yes
PE Low
HNI / Institutional
/ Promoter No
Buying
Special Situation Yes Oct ‘22: BoD allotted 12.4L equity shares on conversion of warrants.
Total cash inflow, including premium is INR 12 Cr.
Jul ‘23: Priti bagged its first order for Airport Furniture Segment from
Airport Authority of India, Begumpet Airport, Hyderabad.
Jun ‘23: Priti International Limited has been announced as the major
Supplier Partner of Godrej Industries. This partnership will create
powerful synergy and represents a tremendous opportunity for Priti
Future Visibility Yes international to strengthen its market presence, expand its customer
base, and foster long-term relationships with key industry players.
Mar ‘23: Company launched its offline store in Bengaluru. This store
will enable the company to increase the marketing of products to
outreach the Southern Region of India in near future.

6th Nov 2023
4. ALUFLUORIDE LIMITED BSE: 524634 (1st time covered: Today)
Cr in Sep-22 to INR 43.3 Cr in Sep-23. Similarly, Net Profit up 82% from INR 3.0 Cr to INR 5.4 Cr. On a QoQ
Company Description: Alufluoride Limited is India’s largest producer of Low Bulk Density Aluminium
Fluoride with expertise in AIF3 production for over 25 years. Some of its customers include NALCO, Aditya
Birla, Vedanta etc.
Aluflu 316 297 323 305 303 345 316 418 429 432 439 425
Sales 28.8 28.9 26.9 35.9 38.0 35.3 36.6 43.3
Op Profit 4.8 3.1 4.3 6.1 9.3 7.1 7.5 8.8
Net Profit 1.9 0.6 1.6 3.0 4.7 3.2 3.2 5.4
OPM 17% 11% 16% 17% 24% 20% 20% 20%
NPM 7% 2% 6% 8% 12% 9% 9% 12%
Promoter % 59.9% 59.9% 59.9% 59.9% 59.9% 59.9% 59.9% 59.9%
Sales 38 88 136 153
Op Profit 2 13 27 33
Net Profit -1 4 12 17
Website: https://www.alufluoride.com/

6th Nov 2023
LT OP uptrend Yes
ST OP uptrend Yes
PE Low
HNI / Institutional
/ Promoter No
Buying

6th Nov 2023
5. KILBURN ENGINEERING LIMITED BSE: 522101
Cr in Sep-22 to INR 68.5 Cr in Sep-23. Similarly, Net Profit up 35% from INR 7.4 Cr to INR 10.0 Cr. On a
QoQ basis, Sales up 3% and Net Profit up 41%.
Company Description: Offers comprehensive range of dryers for solid, liquid and gas to cover wide range
of industries: chemical, petrochemical, oil & gas, refineries power, steel, cement, fertilizer, mining, sewage
treatment, food etc. It also manufactures specially designed packages for onshore and offshore applications.
Kilburn 81 80 79 93 94 103 134 127 163 159 178 228
Sales 23.4 57.5 48.9 52.1 53.8 67 67 68
Op Profit 1.6 8.4 4.9 9.2 9.0 12 12 17
Net Profit -0.8 4.8 2.9 7.4 7.5 13 7 10
OPM 7% 15% 10% 18% 17% 17% 18% 25%
NPM -3% 8% 6% 14% 14% 19% 10% 15%
Promoter % 57.4% 51.9% 51.6% 54.6% 56.5% 56.9% 53.9% 53.9%
Sales 105 144 131 88 123 222 256
Op Profit 4 10 9 7 13 35 49
Net Profit 3 6 5 -92 2 30 37
Website: https://www.kilburnengg.com/

6th Nov 2023
LT OP uptrend Yes
ST OP uptrend Yes
PE Low
Futuristic Sector No Rotatory Dryers
Jun ‘23: Bishnauth Investment (promoter) sold 14.5L shares at INR
136/share, aggregating to INR 19.8 Cr. Firstview Trading (promoter)
bought 1L shares at INR 128/share, aggregating to INR 1.3 Cr. Niraj
Shah bought 2L shares at INR 135/share, aggregating to INR 2.7 Cr.
Amodini Sales bought 2L shares at INR 137/share, aggregating to INR
2.7 Cr. Ashok Kumar Damani bought 2.5L shares at INR 136/share,
aggregating to INR 3.4 Cr.
HNI / Institutional
Mar ‘23: Santosh Industries bought 1.9L shares at INR 98/share,
/ Promoter Yes aggregating to INR 1.8 Cr.
Buying
Feb ‘23: Promoter bought 1.7L shares at INR 80/share, aggregating to
INR 1.3 Cr.
Jan ‘23: Stock planet bought 2.2L shares at INR 80/share, aggregating
to INR 1.8 Cr.
Nov ‘22: Ananth Jain bought 3L shares at INR 80/share, aggregating to

INR 2.4 Cr.
Oct ‘23: BoD of approved the issuance of 28.5L equity shares and 39.5L
convertible warrants at INR 165 each to non-promoters. Total cash
inflow (including warrant conversion) would be INR 112 Cr.
Special Situation Yes
Feb ‘23: BoD approved raising of funds by issue and allotment of 40L
(5.5L for public & 34.5L for promoter/ promoter group) securities at price
of INR 80 per equity share/convertible warrant, amounting to INR 32 Cr
on preferential basis.
Oct ’23: Over the last 1 month, Company has received various orders
with total worth INR 32.5 Cr. Also, during the half year ending Sep-23,
Company received total orders worth INR 102 Cr.
Oct ‘23: BoD approved the 100% acquisition of M E Energy Pvt. Ltd. for
INR 99 Cr. INR 76 Cr will be paid in cash, and INR 23 Cr in the form of
equity shares of Kilburn Engineering. FY23 revenue of Target was INR
Future Visibility Yes 45 Cr. This acquisition will add to existing capabilities of Kilburn via
significant synergies, helping drive its next phase of growth with the help
of enhanced manufacturing capabilities. M E Energy has won several
accolades and is one of its kind company in the field of waste heat
recovery and waste heat reutilization system which finds application for
thermal energy saving and /or thermal energy cost reduction in almost
all industrial processes.

6th Nov 2023
st
Sep ‘23: Since 1 Jul 2023, Company has received various orders of
total worth INR 37.4 Cr.
July ‘23: Secured order bookings of INR 353 Cr during the year, leading
to a higher order backlog of INR 246 Cr as of March ‘23, to be executed
within the next 12 to 18 months. Apart from the current order book, the
Company is also addressing enquiries of over INR 700 Cr.
Apr ‘23: Executed an MoU with M/s. Idreco S.A. (a Switzerland based
company, engaged in flue gas cleaning, industrial plants, water
treatment & waste-water treatment) for mutual collaboration in
development and sale of engineered equipment for various applications,
by both the companies, across various geographies.
Mar ‘23: Company bagged order worth INR 83 Cr in Feb ’23.

6th Nov 2023
6. PULZ ELECTRONICS LIMITED NSE: SM : PULZ
(SME: Lot Size = 2,000 shares) (1st time covered: 30th May 2023)
Recent filing: (GOOD RESULTS) For the 6-months ending Sep-23, Sales up 9% YoY from INR 22.2 Cr in
Apr-Sep ‘22 to INR 24.2 Cr in Apr-Sep ‘23. Similarly, Net Profit up 35% from INR 3.0 Cr to INR 4.1 Cr. On a
sequential basis, Sales up 6% and Net Profit up 10% vs. the previous 6 months.
Company Description: Established over 35 years as a brand, Pulz develops and manufactures audio
systems and solutions that capitalize on the emergence of new coaxial technology and line array-based
speaker system for the cinema, pro audio, studio and home audio industries.
90
Share Price (INR)
80
84
70 78 79
73 75
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50 54
51 52 53
40 44
30 37
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0
Nov-22 Dec-22 Jan-23 Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23
Pulz 37 51 54 52 44 53 73 78 62 75 79 84
• MCap of INR 97.7 Crore (share price = INR 89.6 / share) (as on 6th Nov ‘23)
(In INR Cr) Mar-20 Sep-20 Mar-21 Sep-21 Mar-22 Sep-22 Mar-23 Sep-23
Sales 1.8 7.2 7.0 12.7 22.2 22.7 24.2
Op Profit -0.9 0.2 0.2 1.5 4.2 4.7 5.2
Net Profit -1.1 0.7 0.3 1.0 3.0 3.7 4.1
OPM -50% 3% 3% 12% 19% 21% 22%
NPM -61% 10% 4% 8% 14% 16% 17%
Promoter % 73.4% 73.4% 73.4% 73.4% 73.4% 73.4% 73.3%
Sales 18.0 24.0 31.2 9.0 19.7 44.9 46.9
Op Profit 2.3 3.4 2.8 -0.7 1.6 8.9 9.9
Net Profit 1.6 2.5 2.1 -0.3 1.3 6.7 7.8
Website: https://www.pulz.co.in/

6th Nov 2023

LT OP uptrend Yes
ST OP uptrend Yes
PE Very low
HNI / Institutional
/ Promoter No
Buying

6th Nov 2023
7. HI-GREEN CARBON LIMITED NSE: HIGREEN
(SME: Lot Size = 1,600 shares) (1st time covered: 29th Sep 2023)
Recent filing: (WEAK RESULTS) For the half-year ending Sep-23, Sales down 23% YoY from INR 43.7 Cr
in Apr-Sep ‘22 to INR 33.4 Cr in Apr-Sep ‘23. Similarly, Net Profit down 10% from INR 5.8 Cr to INR 5.2 Cr.
On a sequential basis, Sales down 2% and Net Profit down 21% vs. previous 6 months.
Company Description: Hi-Green Carbon is a leader in the field of waste tire recycling, specializing in a
continuous pyrolysis process. Through this innovative method, the Company transforms end-of-life tires into
a range of valuable products, including Recovered Carbon Black (rCB), Fuel Oil, Sodium Silicate, and Steel
Wires. These products find diverse applications across industries, contributing to both environmental
sustainability and industrial efficiency. Company got listed on the exchange on 28th Sep 2023.
180 2,500
160
140 2,000
120
Volume (in '000) - RHS 1,500
100
Share price (INR) - LHS
80
1,000
60
40 500
20
0 0
28-Sep-23 28-Oct-23
Hi-Gre 85 153
(In INR Cr) Mar-21 Sep-21 Mar-22 Sep-22 Mar-23 Sep-23
Sales 44 34 33
Op Profit 10 10 8
Net Profit 6 7 5
OPM 22% 31% 25%
NPM
Promoter % 71.8%
Sales 26 24 24 51 78 68
Op Profit 6 8 4 9 20 19
Net Profit 1 3 0 4 12 12
Website: http://www.higreencarbon.com/
6th Nov 2023

LT OP uptrend No
ST OP uptrend No
PE Low
Yes
Futuristic Sector (Recycling)
Aug ‘23: Morgan Stanley Asia Singapore Pte bought 2L shares at INR
HNI / Institutional
77/share, aggregating to INR 1.5 Cr. NAV Capital VCC – NAV Capital
/ Promoter Yes Emerging Star Fund bought 4L shares at INR 77/share aggregating to
Buying INR 3.1 Cr.
Special Situation IPO in Sep ‘23

Yes
Oct ’23: Company received Consent to Establish for its proposed

Industrial Plant at Dhule District of Maharashtra, on October 19, 2023
Future Visibility Yes from the Maharashtra Pollution Control Board.
Part of IPO proceeds will be used towards setting up a new

manufacturing unit in Maharashtra.

6th Nov 2023
8. ALL E TECHNOLOGIES LIMITED
NSE: SM : ALLETEC (SME: Lot Size = 800 shares) (1st time covered: Today)
Cr in Sep-22 to INR 28.8 Cr in Sep-23. Similarly, Net Profit up 2.2x from INR 2.2 Cr to INR 4.8 Cr. On a QoQ
Company Description: All E-Technologies Limited, brings together companies & customers, factory & field
service, storefront and supply chain, patients & providers, people & government – by putting in place
integrated operational system of ERP, CRM, Collaboration Portals, Mobile Apps and enables business draw
actionable insights from data.
250 1,200
Volume (in '000) - RHS
Share price (INR) - LHS 1,000
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150
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04-Jan-23 04-Mar-23 04-May-23 04-Jul-23 04-Sep-23 04-Nov-23
ALL 115 105 101 87 105 103 115 114 145 164 206
Sales 18.2 18.2 22.6 19.1 22.3 23.8 27.0 28.8
Op Profit 1.7 2.0 3.5 2.4 3.7 2.5 3.9 4.7
Net Profit 2.6 1.9 2.9 3.4 3.4 3.1 4.0 4.8
OPM 9% 11% 15% 13% 17% 11% 14% 16%
NPM 14% 10% 13% 18% 15% 13% 15% 17%
Promoter % 50.0%
Sales 54 61 70 88 102
Op Profit 1 10 11 12 15
Net Profit 2 10 8 12 15
Website: https://www.alletec.com/

6th Nov 2023
LT OP uptrend Yes
ST OP uptrend Yes
Moderate
PE
Yes
Futuristic Sector (New Age
IT)
Mar ‘23: Money Plant Pictures LLP bought 3.6L shares at INR 86/share,
HNI / Institutional aggregating to INR 3.0 Cr. Brilliant Investment Consultant bought 1.8L
shares at INR 92/share, aggregating to INR 1.6 Cr.
/ Promoter Yes
Buying Jan ‘23: Silvertoss Shoppers bought 2.8L shares at INR 118/share,
totaling to INR 3.3Cr.
Aug ‘23: Company has incorporated a Wholly Owned Subsidiary by

the name Alletec Canada Inc. in Ontario, Canada. The entity will be
in the same business as the parent entity. This initiative will play a
significant role in strengthening Alletec's North American business and
go a long way in establishing it as a credible local player in the region.
Jun ‘23: Company is strengthening its Canada Operations by

partnering with Frux Technologies. This powerful synergy combines
Alltec’s deep expertise in Consulting and Solutioning for Digital
Transformation with Fruztech’s proven track record in market
Future Visibility Yes development.
May ‘23: Company won a significant deal from Retail Supermarket

Nigeria Limited (RSNL), based in Nigeria. This project will play
significant role in strengthening Alletec’s Africa operations, and go a
long way in establishing it as a credible local player in the region.
Jan ‘23: Company has incorporated a wholly owned subsidiary namely

Alletec ARC Limited in Kenya. The incorporation of this wholly owned
subsidiary will enable Alletec strengthen its position in the growing
digital transformation space in Africa.

6th Nov 2023
9. RMC SWITCHGEARS LIMITED BSE: 540358
(SME: Lot Size = 375) (1st time covered: 5th May 2023)
Recent filing: (EXCELLENT RESULTS) For the 6-months ending Sep-23, Sales up 51% YoY from INR 58.0
in Apr-Sep ‘22 Cr to INR 87.4 Cr in Apr-Sep ‘23. Similarly, Net Profit up 31% from INR 6.1 Cr to INR 8.1 Cr.
On a sequential basis, Sales up 30% and Net Profit up 44%.
(LARGE ORDER) RMC Switchgears Limited JV by M/s. Continental Petroleums Limited, won an order worth
INR 122 Cr by Maharashtra State Electricity Distribution Company Limited for Development of Distribution
Infrastructure under the Reforms-Based and Results-linked, Revamped Distribution sector Scheme for Loss
Reduction works.
Company Description: Incorporated in 1994, RMC Switchgear manufactures and designs enclosures of
Energy Meters, LT/HT Distribution Boxes and Panels, Junctions Boxes, Feeder Pillars and Power Distribution
and Circuit Protection Switchgears. It also undertakes works of laying energy transmission lines and
establishing electric substations, fixing of new meters and shifting of existing meters.
RMC 185 177 163 157 183 202 230 280 397 486 517 620
Sales 18 24 58 67 87
Op Profit 3 3 14 12 21
Net Profit 0 0 6 6 8
OPM 17% 13% 24% 18% 24%
NPM 0% 0% 10% 9% 9%
Promoter % 56.3% 56.3% 55.6% 52.9% 52.9%
Sales 83 132 59 37 42 125 155
Op Profit 9 13 8 7 6 26 33
Net Profit 3 4 0 0 1 12 14
Website: https://www.rmcindia.com/
6th Nov 2023
LT OP uptrend Yes
ST OP uptrend Yes
PE Moderate
Yes
Futuristic Sector
(RDSS)
Aug ‘23: Blue Lotus Capital Multi Bagger Fund II and India Emerging
Giants Fund, each bought 51k shares at INR 702/share, aggregating to
HNI / Institutional INR 3.6 Cr for each. Argent Leasing and Finance sold 102k shares at
/ Promoter Yes INR 701/share, aggregating to INR 7.1 Cr.
Buying Oct ‘22: Madhu R. Agrawal bought 34k shares at INR 162/share,
aggregating to INR 55L.
Special Situation Yes Feb ‘23: Company allotted 7.8L shares at INR 70 each, aggregating to
INR 5.5 Cr on a preferential basis to promoters/ non-promoters.
Jul ‘23: Current order book in hand is of INR 306 Cr. Tenders worth INR
700 Crores which the Company will be bidding is still under approvals
which it will bid as it gets the final nod under RDSS. Currently tenders
which are in bidding (Technical or Financial) stages under RDSS in
many states have the opportunity of worth INR 1,500 Crores. The
tenders participated, amounts to approximately INR 617 crores and
includes projects related to RDSS Turnkey and Smart Meter Enclosure
and are currently in the final stage. In 1QFY24, turnover was INR 31.3
Cr, 8% above 1QFY23 at INR 29 Cr. Note: 1QFY24 works were
Future Visibility Yes completed against INR 40 Cr order, could not be converted to billing due
to cyclone and heavy rainfall.
Dec ‘22: Company received Letter of Award worth INR 2.4 Cr from
Government of Andhra Pradesh for supplying 3,000 feeder distribution
feeders over 7 months
Nov ‘22: Company received LoA worth INR 14.2 from Government of
Andhra Pradesh for providing feeder and service pillar box over 7
months.

6th Nov 2023
10. CFF FLUID CONTROL LIMITED BSE: 543920
(SME: Lot Size = 400 shares) (1st time covered: 28th Jul 2023)
Recent filing: (EXCELLENT RESULTS) For the half-year ending Sep-23, Sales up 53% YoY from INR 39.0
Cr in Apr-Sep ‘22 to INR 59.5 Cr in Apr-Sep ‘23. Similarly, Net Profit up 58% from INR 6.4 Cr to INR 10.1 Cr.
On a sequential basis, Sales up 88% and Net Profit up 2.7x vs. previous 6 months.
Company Description: CFF Fluid Control Limited, specializes in fluid control products for submarines, tanks
and missiles, offering a range of equipments such as isolation valves, control valves, pressure relief valves,
reducing stations, fittings and orifice plates.
CFF 175 319 427 409 385
Sales 39 32 59
Op Profit 10 8 18
Net Profit 6 4 10
OPM 26% 26% 30%
NPM 15% 13% 17%
Promoter % 73.3%
Sales 32 15 47 71 91
Op Profit 5 3 13 18 26
Net Profit 1 0 8 10 14
Website: https://www.cffdefenseys.com/

6th Nov 2023

LT OP uptrend Yes
ST OP uptrend Yes
High
PE
Yes
Futuristic Sector
(Defence)
Jun ‘23: Ss Corporate Securities bought 1.1L shares at INR 175/share,

aggregating to INR 1.9 Cr. Sappers Infra Realtors bought 1.8L shares
HNI / Institutional
at INR 166/share, aggregating to INR 3 Cr. Blackberry Projects bought
/ Promoter Yes 3.1L shares at INR 166/share, aggregating to INR 5.2Cr. Vedankit
Buying Traders bought 4.4L shares at an average of INR 180/share,
aggregating to INR 7.9 Cr.
Special Situation Yes IPO in Jun ‘23
Oct ‘23: Company received INR 7.2 Cr worth of contract from Indian
Navy, for procurement of Spares of TWA MCA 62.5 System, to be
delivered by Oct 2024.
Aug ‘23: Company received the contract for procurement of Spares of

P 75 Project aggregating to INR 85.5 Cr from Mazagon Doc, to be
delivered by Feb 2025.
Aug ‘23: Company received the contract from Controller Procurement,

Material Organization (Mumbai), Department of Military Affairs, for
procurement of Spares of P75 Project aggregating to INR 1.9 Cr, to be
Future Visibility Yes delivered by Feb-24.
Aug ‘23: Company received the contract for procurement of spares of

TWA MCA 62.5 System worth INR 3.4 Cr from Eastern Naval
Command, Visakhapatnam, to be delivered by Jun 2024.
Jul ‘23: Company received the contract for procurement of spares of

TWA MCA 62.5 System worth INR 25.5 Cr from Ministry of Defence,
Navy, to be delivered by Jun 2024.
Part of IPO funds to be used towards purchase of machinery and

equipment (INR 9 Cr) and acquiring technology of “Towed Wire
Antenna (TWA)” (INR 8.5 Cr).

6th Nov 2023
Other News
SHRIRAM PISTON & RINGS LIMITED
(EXCELLENT RESULTS) For the quarter ending Sep-23, Sales up 15% YoY from INR 652 Cr in Sep-22 to
INR 752 Cr in Sep-23. Similarly, Net Profit up 55% from INR 73 Cr to INR 113 Cr. On a QoQ basis, Sales up
5% and Net Profit up 11%.
• MCap of INR 4,425 Crore (share price = INR 1,005 / share); TTM PE 11.6x (as on 6th Nov ‘23)
Shrir 486 576 611 573 504 573 784 945 1,353 1,083 1,021 1,000
MARINE ELECTRICALS (INDIA) LIMITED

(ORDER) Company has received INR 15.8 Cr worth of order for supply, supervision of installation, testing
and commissioning of LV Panels from Larsen & Toubro (L&T), Chennai. The delivery of the said goods shall
be made over a period of 5 months.
• MCap of INR 1,010 Crore (share price = INR 80 / share); TTM PE 44.8x (as on 6th Nov ‘23)
Marin 34 32 39 36 36 47 50 49 64 64 58 77

6th Nov 2023
Companies declaring results on 6th and 7th Nov 2023
Sl. No. Name of the Company Date
1 E Factor Experiences Ltd 6-Nov-23

2 Valiant Laboratories Ltd 6-Nov-23
3 Veefin Solutions Ltd 6-Nov-23
4 R R Kabel Ltd 6-Nov-23
5 Sunita Tools Ltd 6-Nov-23
6 TVS Supply Chain Solutions Ltd 6-Nov-23
7 Bizotic Commercial Ltd 6-Nov-23
8 Allcargo Terminals Ltd 6-Nov-23
9 DAPS Advertising Ltd 6-Nov-23
10 Sotac Pharmaceuticals Ltd 6-Nov-23
11 Ducol Organics & Colours Ltd 6-Nov-23
12 Bikaji Foods International Ltd 6-Nov-23
13 Fusion Micro Finance Ltd 6-Nov-23
14 Le Merite Exports Ltd 6-Nov-23
15 Bombay Metrics Supply Chain Ltd 6-Nov-23
16 Veerkrupa Jewellers Ltd 6-Nov-23
17 Parin Furniture Ltd 6-Nov-23
18 Sonu Infratech Ltd 6-Nov-23
19 Priti International Ltd 6-Nov-23
20 We Win Ltd 6-Nov-23
21 G-Tec Janix Education Ltd 6-Nov-23
22 Dhyaani Tile & Marblez Ltd 6-Nov-23
23 A and M Jumbo Bags Ltd 6-Nov-23
24 Omnipotent Industries Ltd 6-Nov-23
25 Gateway Distriparks Ltd 6-Nov-23
26 Sikko Industries Ltd 6-Nov-23
27 Mangalam Global Enterprise Ltd 6-Nov-23
28 Creative Newtech Ltd 6-Nov-23
29 Shradha Infraprojects Ltd 6-Nov-23
30 Hindcon Chemicals Ltd 6-Nov-23
31 MMP Industries Ltd 6-Nov-23
32 Sakar Healthcare Ltd 6-Nov-23
33 Tirupati Forge Ltd 6-Nov-23
34 Shriram Pistons & Rings Ltd 6-Nov-23
35 Iris Clothings Ltd 6-Nov-23
36 FSN E-Commerce Ventures Ltd 6-Nov-23
37 Paras Defence and Space Technologies Ltd 6-Nov-23
38 Epigral Ltd 6-Nov-23
39 India Pesticides Ltd 6-Nov-23
40 Davangere Sugar Company Ltd 6-Nov-23
41 Rita Finance and Leasing Ltd 6-Nov-23
42 Barbeque-Nation Hospitality Ltd 6-Nov-23
43 Fairchem Organics Ltd 6-Nov-23
44 Gland Pharma Ltd 6-Nov-23
45 Max Healthcare Institute Ltd 6-Nov-23
46 NDR Auto Components Ltd 6-Nov-23
47 SM Auto Stamping Ltd 6-Nov-23
48 Hitachi Energy India Ltd 6-Nov-23
49 G K P Printing & Packaging Ltd 6-Nov-23
50 Chandni Machines Ltd 6-Nov-23
51 A-1 Acid Ltd 6-Nov-23
52 Nivaka Fashions Ltd 6-Nov-23
53 Hi-Tech Winding Systems Ltd 6-Nov-23
54 Sungold Media & Entertainment Ltd 6-Nov-23
6th Nov 2023
55 Tinna Trade Ltd 6-Nov-23
56 Softrak Venture Investment Ltd 6-Nov-23
57 Nakoda Group of Industries Ltd 6-Nov-23
58 Akshar Spintex Ltd 6-Nov-23
59 Trident Texofab Ltd 6-Nov-23
60 Orissa Bengal Carrier Ltd 6-Nov-23
61 H.G. Infra Engineering Ltd 6-Nov-23
62 Diksat Transworld Ltd 6-Nov-23
63 Captain Technocast Ltd 6-Nov-23
64 Southern Petrochemicals Industries Corporation Ltd 6-Nov-23
65 Classic Filaments Ltd 6-Nov-23
66 Ontic Finserve Ltd 6-Nov-23
67 Starlineps Enterprises Ltd 6-Nov-23
68 RMC Switchgears Ltd 6-Nov-23
69 Centerac Technologies Ltd 6-Nov-23
70 Varun Beverages Ltd 6-Nov-23
71 Corporate Merchant Bankers Ltd 6-Nov-23
72 KKRRAFTON Developers Ltd 6-Nov-23
73 Kretto Syscon Ltd 6-Nov-23
74 Heads UP Ventures Ltd 6-Nov-23
75 Naksh Precious Metals Ltd 6-Nov-23
76 Shanti Educational Initiatives Ltd 6-Nov-23
77 BLS International Services Ltd 6-Nov-23
78 Quess Corp Ltd 6-Nov-23
79 Axel Polymers Ltd 6-Nov-23
80 Ujjivan Financial Services Ltd 6-Nov-23
81 Retro Green Revolution Ltd 6-Nov-23
82 Navigant Corporate Advisors Ltd 6-Nov-23
83 Gokul Agro Resources Ltd 6-Nov-23
84 Quint Digital Ltd 6-Nov-23
85 Mercury EV-Tech Ltd 6-Nov-23
86 Amrapali Fincap Ltd 6-Nov-23
87 Canopy Finance Ltd 6-Nov-23
88 Oswal Green Tech Ltd 6-Nov-23
89 Adani Energy Solutions Ltd 6-Nov-23
90 Hind Commerce Ltd 6-Nov-23
91 ID Info Business Services Ltd 6-Nov-23
92 Hybrid Financial Services Ltd 6-Nov-23
93 Filtra Consultants & Engineers Ltd 6-Nov-23
94 Race Eco Chain Ltd 6-Nov-23
95 Neil Industries Ltd 6-Nov-23
96 Tirth Plastic Ltd 6-Nov-23
97 Karnavati Finance Ltd 6-Nov-23
98 M K Exim (India) Ltd 6-Nov-23
99 Continental Securities Ltd 6-Nov-23
100 Ashtasidhhi Industries Ltd 6-Nov-23
101 TECIL Chemical & Hydro Power Ltd 6-Nov-23
102 Sharma East India Hosp and Medical Research Ltd 6-Nov-23
103 SBEC Systems (India) Ltd 6-Nov-23
104 VRL Logistics Ltd 6-Nov-23
105 Monte Carlo Fashions Ltd 6-Nov-23
106 Vishal Fabrics Ltd 6-Nov-23
107 Snowman Logistics Ltd 6-Nov-23
108 Eco Hotels and Resorts Ltd 6-Nov-23
109 Pervasive Commodities Ltd 6-Nov-23
110 Shivamshree Businesses Ltd 6-Nov-23
111 Jackson Investments Ltd 6-Nov-23
112 SecureKloud Technologies Ltd 6-Nov-23
113 Gothi Plascon (India) Ltd 6-Nov-23

6th Nov 2023
114 Integra Essentia Ltd 6-Nov-23
115 Kitex Garments Ltd 6-Nov-23
116 Innovassynth Investments Ltd 6-Nov-23
117 NILE Ltd 6-Nov-23
118 Gratex Industries Ltd 6-Nov-23
119 Sudal Industries Ltd 6-Nov-23
120 Repco Home Finance Ltd 6-Nov-23
121 Pet Plastics Ltd 6-Nov-23
122 Borosil Renewables Ltd 6-Nov-23
123 Kachchh Minerals Ltd 6-Nov-23
124 Jubilant Industries Ltd 6-Nov-23
125 Vikalp Securities Ltd 6-Nov-23
126 Rushil Decor Ltd 6-Nov-23
127 Sutlej Textiles and Industries Ltd 6-Nov-23
128 NHPC Ltd 6-Nov-23
129 Fertilizers & Chemicals Travancore Ltd 6-Nov-23
130 Suvidha Infraestate Corporation Ltd 6-Nov-23
131 Zenlabs Ethica Ltd 6-Nov-23
132 Lakhotia Polyesters (India) Ltd 6-Nov-23
133 Welterman International Ltd 6-Nov-23
134 Pradhin Ltd 6-Nov-23
135 Voltaire Leasing & Finance Ltd 6-Nov-23
136 Sequent Scientific Ltd 6-Nov-23
137 Scooters India Ltd 6-Nov-23
138 Radhe Developers (India) Ltd 6-Nov-23
139 Lehar Footwears Ltd 6-Nov-23
140 Jamna Auto Industries Ltd 6-Nov-23
141 Gallops Enterprise Ltd 6-Nov-23
142 Bihar Sponge Iron Ltd 6-Nov-23
143 Lypsa Gems & Jewellery Ltd 6-Nov-23
144 Sundaram Finance Ltd 6-Nov-23
145 Shivalik Bimetal Controls Ltd 6-Nov-23
146 Premco Global Ltd 6-Nov-23
147 Omkar Overseas Ltd 6-Nov-23
148 Gopal Iron & Steels Co.(Gujarat) Ltd 6-Nov-23
149 Frontier Springs Ltd 6-Nov-23
150 The Investment Trust of India Ltd 6-Nov-23
151 Dalal Street Investments Ltd 6-Nov-23
152 B A G Films & Media Ltd 6-Nov-23
153 Asian Energy Services Ltd 6-Nov-23
154 Regency Trust Ltd 6-Nov-23
155 Raj Television Network Ltd 6-Nov-23
156 Polyplex Corporation Ltd 6-Nov-23
157 Navneet Education Ltd 6-Nov-23
158 National Oxygen Ltd 6-Nov-23
159 MPIL Corporation Ltd 6-Nov-23
160 Man Infraconstruction Ltd 6-Nov-23
161 Kilburn Engineering Ltd 6-Nov-23
162 India Infraspace Ltd 6-Nov-23
163 High Street Filatex Ltd 6-Nov-23
164 Gujarat Natural Resources Ltd 6-Nov-23
165 Garware Technical Fibres Ltd 6-Nov-23
166 Dutron Polymers Ltd 6-Nov-23
167 D & H India Ltd 6-Nov-23
168 A2Z Infra Engineering Ltd 6-Nov-23
169 Zenith Health Care Ltd 6-Nov-23
170 Zenith Steel Pipes & Industries Ltd 6-Nov-23
171 Windsor Machines Ltd 6-Nov-23
172 Veritas (India) Ltd 6-Nov-23

6th Nov 2023
173 U P Hotels Ltd 6-Nov-23
174 Sundaram Multi Pap Ltd 6-Nov-23
175 Stylam Industries Ltd 6-Nov-23
176 SBEC Sugar Ltd 6-Nov-23
177 Rupa & Company Ltd 6-Nov-23
178 Radico Khaitan Ltd 6-Nov-23
179 PG Electroplast Ltd 6-Nov-23
180 Peninsula Land Ltd 6-Nov-23
181 Liberty Shoes Ltd 6-Nov-23
182 KBS India Ltd 6-Nov-23
183 Indosolar Ltd 6-Nov-23
184 Greenply Industries Ltd 6-Nov-23
185 Gorani Industries Ltd 6-Nov-23
186 U. Y. Fincorp Ltd 6-Nov-23
187 CSL Finance Ltd 6-Nov-23
188 Birla Precision Technologies Ltd 6-Nov-23
189 Beeyu Overseas Ltd 6-Nov-23
190 Pyxis Finvest Ltd 6-Nov-23
191 Asi Industries Ltd 6-Nov-23
192 Amalgamated Electricity Company Ltd 6-Nov-23
193 HLE Glascoat Ltd 6-Nov-23
194 S.V. Trading & Agencies Ltd 6-Nov-23
195 Promact Impex Ltd 6-Nov-23
196 Polymechplast Machines Ltd 6-Nov-23
197 Paragon Finance Ltd 6-Nov-23
198 IB Infotech Enterprises Ltd 6-Nov-23
199 Gujarat Craft Industries Ltd 6-Nov-23
200 Faze Three Ltd 6-Nov-23
201 Ashapura Minechem Ltd 6-Nov-23
202 Privi Speciality Chemicals Ltd 6-Nov-23
203 Tribhovandas Bhimji Zaveri Ltd 6-Nov-23
204 Savani Financials Ltd 6-Nov-23
205 Poddar Pigments Ltd 6-Nov-23
206 Kashyap Tele-Medicines Ltd 6-Nov-23
207 Indus Finance Ltd 6-Nov-23
208 Indo Credit Capital Ltd 6-Nov-23
209 Deep Energy Resources Ltd 6-Nov-23
210 Banco Products (India) Ltd 6-Nov-23
211 Madhuveer Com 18 Network Ltd 6-Nov-23
212 Svaraj Trading & Agencies Ltd 6-Nov-23
213 Suryalata Spinning Mills Ltd 6-Nov-23
214 Standard Industries Ltd 6-Nov-23
215 K P R Mill Ltd 6-Nov-23
216 Bodal Chemicals Ltd 6-Nov-23
217 Bharat Forge Ltd 6-Nov-23
218 Atlanta Ltd 6-Nov-23
219 Redington Ltd 6-Nov-23
220 Marathon Nextgen Realty Ltd 6-Nov-23
221 Gujarat State Petronet Ltd 6-Nov-23
222 V-Mart Retail Ltd 6-Nov-23
223 Rahul Merchandising Ltd 6-Nov-23
224 Zydus Wellness Ltd 6-Nov-23
225 Zodiac-JRD-MKJ Ltd 6-Nov-23
226 Visagar Polytex Ltd 6-Nov-23
227 Va Tech Wabag Ltd 6-Nov-23
228 Uttam Sugar Mills Ltd 6-Nov-23
229 Syschem (India) Ltd 6-Nov-23
230 Sun Pharma Advanced Research Company Ltd 6-Nov-23
231 Sumedha Fiscal Services Ltd 6-Nov-23

6th Nov 2023
232 Savera Industries Ltd 6-Nov-23
233 Sat Industries Ltd 6-Nov-23
234 Rossell India Ltd 6-Nov-23
235 Premier Polyfilm Ltd 6-Nov-23
236 Oswal Agro Mills Ltd 6-Nov-23
237 Nimbus Projects Ltd 6-Nov-23
238 Swiss Military Consumer Goods Ltd 6-Nov-23
239 Lerthai Finance Ltd 6-Nov-23
240 Maharashtra Corporation Ltd 6-Nov-23
241 Kanpur Plastipack Ltd 6-Nov-23
242 Jamshri Realty Ltd 6-Nov-23
243 Industrial & Prudential Investment Company Ltd 6-Nov-23
244 Indo Count Industries Ltd 6-Nov-23
245 Hindustan Petroleum Corporation Ltd 6-Nov-23
246 Gujarat Industries Power Co Ltd 6-Nov-23
247 Fortis Malar Hospitals Ltd 6-Nov-23
248 Esaar (India) Ltd 6-Nov-23
249 Dolat Algotech Ltd 6-Nov-23
250 Divis Laboratories Ltd 6-Nov-23
251 Dalmia Bharat Sugar & Industries Ltd 6-Nov-23
252 Coastal Roadways Ltd 6-Nov-23
253 Cerebra Integrated Technologies Ltd 6-Nov-23
254 Camlin Fine Sciences Ltd 6-Nov-23
255 Banswara Syntex Ltd 6-Nov-23
256 Bajaj Electricals Ltd 6-Nov-23
257 AIA Engineering Ltd 6-Nov-23
258 MT Educare Ltd 6-Nov-23
259 National Peroxide Ltd 6-Nov-23
260 Vinyoflex Ltd 6-Nov-23
261 XPRO India Ltd 6-Nov-23
262 Transpek Industry Ltd 6-Nov-23
263 Sobha Ltd 6-Nov-23
264 Singer India Ltd 6-Nov-23
265 SEAMEC Ltd 6-Nov-23
266 Premier Ltd 6-Nov-23
267 OnMobile Global Ltd 6-Nov-23
268 Nikki Global Finance Ltd 6-Nov-23
269 Arunis Abode Ltd 6-Nov-23
270 Kolte Patil Developers Ltd 6-Nov-23
271 Josts Engineering Company Ltd 6-Nov-23
272 India Home Loans Ltd 6-Nov-23
273 Honeywell Automation India Ltd 6-Nov-23
274 HeidelbergCement India Ltd 6-Nov-23
275 Exide Industries Ltd 6-Nov-23
276 Emami Ltd 6-Nov-23
277 BSL Ltd 6-Nov-23
278 Linde India Ltd 6-Nov-23
279 Alicon Castalloy Ltd 6-Nov-23
280 Max Estates Ltd 7-Nov-23
281 Techknowgreen Solutions Ltd 7-Nov-23
282 Updater Services Ltd 7-Nov-23
283 Zaggle Prepaid Ocean Services Ltd 7-Nov-23
284 Yatharth Hospital & Trauma Care Services Ltd 7-Nov-23
285 Ideaforge Technology Ltd 7-Nov-23
286 AccelerateBS India Ltd 7-Nov-23
287 Machhar Industries Ltd 7-Nov-23
288 Asian Warehousing Ltd 7-Nov-23
289 Dev Labtech Venture Ltd 7-Nov-23
290 Aristo Bio-Tech & Lifescience Ltd 7-Nov-23

6th Nov 2023
291 Systango Technologies Ltd 7-Nov-23
292 Pritika Engineering Components Ltd 7-Nov-23
293 Aarti Pharmalabs Ltd 7-Nov-23
294 Kamdhenu Ventures Ltd 7-Nov-23
295 Radiant Cash Management Services Ltd 7-Nov-23
296 V-Marc India Ltd 7-Nov-23
297 Cargosol Logistics Ltd 7-Nov-23
298 Reetech International Cargo & Courier Ltd 7-Nov-23
299 Solex Energy Ltd 7-Nov-23
300 Pavna Industries Ltd 7-Nov-23
301 Bodhi Tree Multimedia Ltd 7-Nov-23
302 Lexus Granito (India) Ltd 7-Nov-23
303 Silicon Rental Solutions Ltd 7-Nov-23
304 DU DIgital Global Ltd 7-Nov-23
305 BEW Engineering Ltd 7-Nov-23
306 Viviana Power Tech Ltd 7-Nov-23
307 Harsha Engineers International Ltd 7-Nov-23
308 Beta Drugs Ltd 7-Nov-23
309 Bhatia Colour Chem Ltd 7-Nov-23
310 Softtech Engineers Ltd 7-Nov-23
311 Dev Information Technology Ltd 7-Nov-23
312 Safa Systems & Technologies Ltd 7-Nov-23
313 Art Nirman Ltd 7-Nov-23
314 United Polyfab Gujarat Ltd 7-Nov-23
315 Zodiac Energy Ltd 7-Nov-23
316 Sagardeep Alloys Ltd 7-Nov-23
317 S J S Enterprises Ltd 7-Nov-23
318 Arvee Laboratories (India) Ltd 7-Nov-23
319 Mask Investments Ltd 7-Nov-23
320 AKG Exim Ltd 7-Nov-23
321 Aakash Exploration Services Ltd 7-Nov-23
322 Global Education Ltd 7-Nov-23
323 Supriya Lifescience Ltd 7-Nov-23
324 Vijaya Diagnostic Centre Ltd 7-Nov-23
325 Devyani International Ltd 7-Nov-23
326 IndInfravit Trust 7-Nov-23
327 Meghmani Organics Ltd 7-Nov-23
328 Rolex Rings Ltd 7-Nov-23
329 Krishna Institute of Medical Sciences Ltd 7-Nov-23
330 Anupam Rasayan India Ltd 7-Nov-23
331 SMC Global Securities Ltd 7-Nov-23
332 Stove Kraft Ltd 7-Nov-23
333 G M Polyplast Ltd 7-Nov-23
334 Ravinder Heights Ltd 7-Nov-23
335 Anmol India Ltd 7-Nov-23
336 Suratwwala Business Group Ltd 7-Nov-23
337 Likhitha Infrastructure Ltd 7-Nov-23
338 Alphalogic Techsys Ltd 7-Nov-23
339 Natural Biocon (India) Ltd 7-Nov-23
340 Prince Pipes & Fittings Ltd 7-Nov-23
341 Indian Railway Catering & Tourism Corporation Ltd 7-Nov-23
342 Digicontent Ltd 7-Nov-23
343 Evans Electric Ltd 7-Nov-23
344 Sun Retail Ltd 7-Nov-23
345 V R Films & Studios Ltd 7-Nov-23
346 Arvind Fashions Ltd 7-Nov-23
347 Waa Solar Ltd 7-Nov-23
348 Trescon Ltd 7-Nov-23
349 Synergy Green Industries Ltd 7-Nov-23

6th Nov 2023
350 Varroc Engineering Ltd 7-Nov-23
351 Dollar Industries Ltd 7-Nov-23
352 Bhatia Communications & Retail (India) Ltd 7-Nov-23
353 Sanghvi Brands Ltd 7-Nov-23
354 Mishra Dhatu Nigam Ltd 7-Nov-23
355 LS Industries Ltd 7-Nov-23
356 Sadhna Broadcast Ltd 7-Nov-23
357 Sayaji Industries Ltd 7-Nov-23
358 AKM Creations Ltd 7-Nov-23
359 Sintex Plastics Technology Ltd 7-Nov-23
360 Cochin Shipyard Ltd 7-Nov-23
361 Salasar Techno Engineering Ltd 7-Nov-23
362 Kanungo Financiers Ltd 7-Nov-23
363 Bhilwara Spinners Ltd 7-Nov-23
364 Sarthak Metals Ltd 7-Nov-23
365 Alfred Herbert (India) Ltd 7-Nov-23
366 Ceejay Finance Ltd 7-Nov-23
367 Purple Entertainment Ltd 7-Nov-23
368 Shivansh Finserve Ltd 7-Nov-23
369 Regency Fincorp Ltd 7-Nov-23
370 TTL Enterprises Ltd 7-Nov-23
371 Suyog Telematics Ltd 7-Nov-23
372 Visco Trade Associates Ltd 7-Nov-23
373 S P Apparels Ltd 7-Nov-23
374 Advanced Enzyme Technologies Ltd 7-Nov-23
375 Raghav Productivity Enhancers Ltd 7-Nov-23
376 Maris Spinners Ltd 7-Nov-23
377 Deep Diamond India Ltd 7-Nov-23
378 Dilip Buildcon Ltd 7-Nov-23
379 Dalmia Industrial Development Ltd 7-Nov-23
380 Mudra Financial Services Ltd 7-Nov-23
381 Balgopal Commercial Ltd 7-Nov-23
382 K.P. Energy Ltd 7-Nov-23
383 Presha Metallurgical Ltd 7-Nov-23
384 Amraworld Agrico Ltd 7-Nov-23
385 Amerise Biosciences Ltd 7-Nov-23
386 Simbhaoli Sugars Ltd 7-Nov-23
387 Elitecon International Ltd 7-Nov-23
388 Adcon Capital Services Ltd 7-Nov-23
389 Alkem Laboratories Ltd 7-Nov-23
390 Lux Industries Ltd 7-Nov-23
391 Esquire Money Guarantees Ltd 7-Nov-23
392 Consecutive Investments & Trading Co Ltd 7-Nov-23
393 Captain Pipes Ltd 7-Nov-23
394 Ambar Protein Industries Ltd 7-Nov-23
395 Krishna Capital & Securities Ltd 7-Nov-23
396 Sanrhea Technical Textile Ltd 7-Nov-23
397 Sadbhav Infrastructure Projects Ltd 7-Nov-23
398 Amba Enterprises Ltd 7-Nov-23
399 Enbee Trade & Finance Ltd 7-Nov-23
400 Shreevatsaa Finance & Leasing Ltd 7-Nov-23
401 Sarda Proteins Ltd 7-Nov-23
402 Genus Paper & Boards Ltd 7-Nov-23
403 Ceinsys Tech Ltd 7-Nov-23
404 Laxmipati Engineering Works Ltd 7-Nov-23
405 B J Duplex Boards Ltd 7-Nov-23
406 Alan Scott Industries Ltd 7-Nov-23
407 Varun Mercantile Ltd 7-Nov-23
408 Wardwizard Innovations & Mobility Ltd 7-Nov-23

6th Nov 2023
409 S & S Power Switchgear Ltd 7-Nov-23
410 GCCL Construction & Realities Ltd 7-Nov-23
411 Kalyan Capitals Ltd 7-Nov-23
412 Mihika Industries Ltd 7-Nov-23
413 Refex Renewables & Infrastructure Ltd 7-Nov-23
414 Citizen Infoline Ltd 7-Nov-23
415 Triveni Enterprises Ltd 7-Nov-23
416 J Taparia Projects Ltd 7-Nov-23
417 Skipper Ltd 7-Nov-23
418 Maestros Electronics & Telecommun. Systems Ltd 7-Nov-23
419 Mena Mani Industries Ltd 7-Nov-23
420 Capital Trade Links Ltd 7-Nov-23
421 Incredible Industries Ltd 7-Nov-23
422 B.C. Power Controls Ltd 7-Nov-23
423 Denis Chem Lab Ltd 7-Nov-23
424 Allied Computers International (Asia) Ltd 7-Nov-23
425 Beryl Securities Ltd 7-Nov-23
426 Saffron Industries Ltd 7-Nov-23
427 Quest Softech India Ltd 7-Nov-23
428 Mahalaxmi Seamless Ltd 7-Nov-23
429 Kore Foods Ltd 7-Nov-23
430 Gulshan Polyols Ltd 7-Nov-23
431 GCM Commodity & Derivatives Ltd 7-Nov-23
432 Arihant Superstructures Ltd 7-Nov-23
433 Indo Euro Indchem Ltd 7-Nov-23
434 Mahan Industries Ltd 7-Nov-23
435 Shricon Industries Ltd 7-Nov-23
436 Mahaan Foods Ltd 7-Nov-23
437 HCL Infosystems Ltd 7-Nov-23
438 Hemang Resources Ltd 7-Nov-23
439 Saptarishi Agro Industries Ltd 7-Nov-23
440 Delta Manufacturing Ltd 7-Nov-23
441 Balrampur Chini Mills Ltd 7-Nov-23
442 GTL Ltd 7-Nov-23
443 SRM Energy Ltd 7-Nov-23
444 Neuland Laboratories Ltd 7-Nov-23
445 AYM Syntex Ltd 7-Nov-23
446 Manali Petrochemicals Ltd 7-Nov-23
447 Shree Steel Wire Ropes Ltd 7-Nov-23
448 Diamines & Chemicals Ltd 7-Nov-23
449 BITS Ltd 7-Nov-23
450 Binani Industries Ltd 7-Nov-23
451 CRISIL Ltd 7-Nov-23
452 GHCL Ltd 7-Nov-23
453 Info Edge (India) Ltd 7-Nov-23
454 Spel Semiconductor Ltd 7-Nov-23
455 Kratos Energy & Infrastructure Ltd 7-Nov-23
456 Agarwal Fortune India Ltd 7-Nov-23
457 Aadhaar Ventures India Ltd 7-Nov-23
458 Odyssey Corporation Ltd 7-Nov-23
459 Future Market Networks Ltd 7-Nov-23
460 Alpa Laboratories Ltd 7-Nov-23
461 Raja Bahadur International Ltd 7-Nov-23
462 Mangal Credit & Fincorp Ltd 7-Nov-23
463 Prithvi Exchange (India) Ltd 7-Nov-23
464 HCP Plastene Bulkpack Ltd 7-Nov-23
465 Fiem Industries Ltd 7-Nov-23
466 Eldeco Housing & Industries Ltd 7-Nov-23
467 Amco India Ltd 7-Nov-23

6th Nov 2023
468 Ambalal Sarabhai Enterprises Ltd 7-Nov-23
469 Vinayak Polycon International Ltd 7-Nov-23
470 Visagar Financial Services Ltd 7-Nov-23
471 V B Desai Financial Services Ltd 7-Nov-23
472 Spenta International Ltd 7-Nov-23
473 Shalimar Productions Ltd 7-Nov-23
474 S P Capital Financing Ltd 7-Nov-23
475 Ruchi Infrastructure Ltd 7-Nov-23
476 Royale Manor Hotels & Industries Ltd 7-Nov-23
477 Rathi Bars Ltd 7-Nov-23
478 Mafatlal Industries Ltd 7-Nov-23
479 Krypton Industries Ltd 7-Nov-23
480 Infronics Systems Ltd 7-Nov-23
481 Indergiri Finance Ltd 7-Nov-23
482 IDream Film Infrastructure Company Ltd 7-Nov-23
483 Hubtown Ltd 7-Nov-23
484 Algoquant Fintech Ltd 7-Nov-23
485 G-Tech Info Training Ltd 7-Nov-23
486 Amines & Plasticizers Ltd 7-Nov-23
487 Allied Digital Services Ltd 7-Nov-23
488 KMG Milk Food Ltd 7-Nov-23
489 Visesh Infotecnics Ltd 7-Nov-23
490 Tokyo Plast International Ltd 7-Nov-23
491 STL Global Ltd 7-Nov-23
492 Nirbhay Colours India Ltd 7-Nov-23
493 KCL Infra Projects Ltd 7-Nov-23
494 Jyothy Labs Ltd 7-Nov-23
495 Jenburkt Pharmaceuticals Ltd 7-Nov-23
496 Cineline India Ltd 7-Nov-23
497 Baid Finserv Ltd 7-Nov-23
498 Sunil Industries Ltd 7-Nov-23
499 B & A Packaging India Ltd 7-Nov-23
500 Zodiac Clothing Company Ltd 7-Nov-23
501 VST Tillers Tractors Ltd 7-Nov-23
502 Vaghani Techno-Build Ltd 7-Nov-23
503 Tokyo Finance Ltd 7-Nov-23
504 Thacker & Company Ltd 7-Nov-23
505 Super Bakers (India) Ltd 7-Nov-23
506 Kush Industries Ltd 7-Nov-23
507 Saksoft Ltd 7-Nov-23
508 Checkpoint Trends Ltd 7-Nov-23
509 RDB Rasayans Ltd 7-Nov-23
510 Pondy Oxides & Chemicals Ltd 7-Nov-23
511 Pilani Investment & Industries Corporation Ltd 7-Nov-23
512 Photoquip India Ltd 7-Nov-23
513 Paramount Communications Ltd 7-Nov-23
514 Mold-Tek Packaging Ltd 7-Nov-23
515 Milestone Global Ltd 7-Nov-23
516 Lumax Industries Ltd 7-Nov-23
517 Krishna Ventures Ltd 7-Nov-23
518 Kopran Ltd 7-Nov-23
519 Jyoti Structures Ltd 7-Nov-23
520 Jupiter Industries & Leasing Ltd 7-Nov-23
521 HB Estate Developers Ltd 7-Nov-23
522 FCS Software Solutions Ltd 7-Nov-23
523 Expo Gas Containers Ltd 7-Nov-23
524 Accedere Ltd 7-Nov-23
525 Dredging Corporation of India Ltd 7-Nov-23
526 Dhoot Industrial Finance Ltd 7-Nov-23

6th Nov 2023
527 CIL Nova Petrochemicals Ltd 7-Nov-23
528 Choksi Imaging Ltd 7-Nov-23
529 Best Eastern Hotels Ltd 7-Nov-23
530 Balmer Lawrie & Company Ltd 7-Nov-23
531 Evexia Lifecare Ltd 7-Nov-23
532 Asian Star Company Ltd 7-Nov-23
533 Ashok Alco-Chem Ltd 7-Nov-23
534 Arcotech Ltd 7-Nov-23
535 Almondz Global Securities Ltd 7-Nov-23
536 Inspirisys Solutions Ltd 7-Nov-23
537 Trent Ltd 7-Nov-23
538 Tainwala Chemicals & Plastics (India) Ltd 7-Nov-23
539 Sugal & Damani Share Brokers Ltd 7-Nov-23
540 Stanrose Mafatlal Investment & Finance Ltd 7-Nov-23
541 Shri Bajrang Alliance Ltd 7-Nov-23
542 Shah Foods Ltd 7-Nov-23
543 Salora International Ltd 7-Nov-23
544 Sahara Housing Fina Corporation Ltd 7-Nov-23
545 GP Petroleums Ltd 7-Nov-23
546 Prakash Woollen & Synthetic Mills Ltd 7-Nov-23
547 Power Grid Corporation of India Ltd 7-Nov-23
548 Uno Minda Ltd 7-Nov-23
549 Sera Investments & Finance India Ltd 7-Nov-23
550 Indian Bright Steel Company Ltd 7-Nov-23
551 Himatsingka Seide Ltd 7-Nov-23
552 The Hi-Tech Gears Ltd 7-Nov-23
553 Eveready Industries India Ltd 7-Nov-23
554 CNI Research Ltd 7-Nov-23
555 Zydus Lifesciences Ltd 7-Nov-23
556 Bisil Plast Ltd 7-Nov-23
557 Ausom Enterprise Ltd 7-Nov-23
558 Anjani Synthetics Ltd 7-Nov-23
559 Carysil Ltd 7-Nov-23
560 Caspian Corporate Services Ltd 7-Nov-23
561 VXL Instruments Ltd 7-Nov-23
562 SVA India Ltd 7-Nov-23
563 Rishabh Digha Steel & Allied Products Ltd 7-Nov-23
564 Permanent Magnets Ltd 7-Nov-23
565 Makers Laboratories Ltd 7-Nov-23
566 Landmark Property Development Company Ltd 7-Nov-23
567 Keerthi Industries Ltd 7-Nov-23
568 K G Denim Ltd 7-Nov-23
569 JHS Svendgaard Laboratories Ltd 7-Nov-23
570 Indowind Energy Ltd 7-Nov-23
571 FGP Ltd 7-Nov-23
572 Ester Industries Ltd 7-Nov-23
573 Venky's (India) Ltd 7-Nov-23
574 Vascon Engineers Ltd 7-Nov-23
575 Systematix Securities Ltd 7-Nov-23
576 Sungold Capital Ltd 7-Nov-23
577 Black Rose Industries Ltd 7-Nov-23
578 ADC India Communications Ltd 7-Nov-23
579 RACL Geartech Ltd 7-Nov-23
580 Prakash Steelage Ltd 7-Nov-23
581 Prakash Industries Ltd 7-Nov-23
582 Compucom Software Ltd 7-Nov-23
583 Archidply Industries Ltd 7-Nov-23
584 Ludlow Jute & Specialities Ltd 7-Nov-23
585 Zee Learn Ltd 7-Nov-23

6th Nov 2023
586 Visaka Industries Ltd 7-Nov-23
587 Victoria Mills Ltd 7-Nov-23
588 TCI Industries Ltd 7-Nov-23
589 Taparia Tools Ltd 7-Nov-23
590 Sumeet Industries Ltd 7-Nov-23
591 SJ Corporation Ltd 7-Nov-23
592 Shreyans Industries Ltd 7-Nov-23
593 Shaily Engineering Plastics Ltd 7-Nov-23
594 Schneider Electric Infrastructure Ltd 7-Nov-23
595 Duroply Industries Ltd 7-Nov-23
596 Saraswati Commercial (India) Ltd 7-Nov-23
597 Santosh Fine Fab Ltd 7-Nov-23
598 Sanghvi Movers Ltd 7-Nov-23
599 Sanblue Corporation Ltd 7-Nov-23
600 Saint-Gobain Sekurit India Ltd 7-Nov-23
601 DigiSpice Technologies Ltd 7-Nov-23
602 Riba Textiles Ltd 7-Nov-23
603 Ravindra Energy Ltd 7-Nov-23
604 Ram Ratna Wires Ltd 7-Nov-23
605 Rain Industries Ltd 7-Nov-23
606 Prestige Estates Projects Ltd 7-Nov-23
607 Polylink Polymers (India) Ltd 7-Nov-23
608 Oasis Securities Ltd 7-Nov-23
609 Nettlinx Ltd 7-Nov-23
610 Milkfood Ltd 7-Nov-23
611 Madhusudan Industries Ltd 7-Nov-23
612 KJMC Financial Services Ltd 7-Nov-23
613 Kirloskar Brothers Ltd 7-Nov-23
614 Inditrade Capital Ltd 7-Nov-23
615 J J Exporters Ltd 7-Nov-23
616 Jindal Hotels Ltd 7-Nov-23
617 Jaykay Enterprises Ltd 7-Nov-23
618 Ishwarshakti Holdings & Traders Ltd 7-Nov-23
619 India Tourism Development Corporation Ltd 7-Nov-23
620 Ind-Swift Laboratories Ltd 7-Nov-23
621 IITL Projects Ltd 7-Nov-23
622 Kingfa Science & Technology (India) Ltd 7-Nov-23
623 Hitech Corporation Ltd 7-Nov-23
624 Hester Biosciences Ltd 7-Nov-23
625 HB Stockholdings Ltd 7-Nov-23
626 Hawkins Cookers Ltd 7-Nov-23
627 GOCL Corporation Ltd 7-Nov-23
628 Gujarat State Fertilizers & Chemicals Ltd 7-Nov-23
629 GTN Industries Ltd 7-Nov-23
630 Ganesh Benzoplast Ltd 7-Nov-23
631 Dhanuka Agritech Ltd 7-Nov-23
632 D B Realty Ltd 7-Nov-23
633 BNR Udyog Ltd 7-Nov-23
634 Avanti Feeds Ltd 7-Nov-23
635 Atul Auto Ltd 7-Nov-23
636 Ashirwad Steels & Industries Ltd 7-Nov-23
637 Ansal Housing Ltd 7-Nov-23
638 Alliance Integrated Metaliks Ltd 7-Nov-23
639 Alkyl Amines Chemicals Ltd 7-Nov-23
640 AksharChem (India) Ltd 7-Nov-23
641 Orbit Exports Ltd 7-Nov-23
642 Minaxi Textiles Ltd 7-Nov-23
643 Surat Trade & Merchantile Ltd 7-Nov-23
644 Surana Telecom and Power Ltd 7-Nov-23

6th Nov 2023
645 Bothra Metals & Alloys Ltd 7-Nov-23
646 Soma Papers & Industries Ltd 7-Nov-23
647 Vardhman Special Steels Ltd 7-Nov-23
648 Vinati Organics Ltd 7-Nov-23
649 Umang Dairies Ltd 7-Nov-23
650 Twin Roses Trades & Agencies Ltd 7-Nov-23
651 Shree Ganesh Elastoplast Ltd 7-Nov-23
652 Shree Cement Ltd 7-Nov-23
653 Ramasigns Industries Ltd 7-Nov-23
654 R Systems International Ltd 7-Nov-23
655 PTL Enterprises Ltd 7-Nov-23
656 Panasonic Carbon India Company Ltd 7-Nov-23
657 Pan India Corporation Ltd 7-Nov-23
658 MPF Systems Ltd 7-Nov-23
659 Market Creators Ltd 7-Nov-23
660 Triliance Polymers Ltd 7-Nov-23
661 J B Chemicals & Pharmaceuticals Ltd 7-Nov-23
662 Indo Rama Synthetics (India) Ltd 7-Nov-23
663 Hisar Spinning Mills Ltd 7-Nov-23
664 Hindusthan National Glass & Industries Ltd 7-Nov-23
665 Greaves Cotton Ltd 7-Nov-23
666 Elantas Beck India Ltd 7-Nov-23
667 Disa India Ltd 7-Nov-23
668 Dhunseri Ventures Ltd 7-Nov-23
669 Deepak Nitrite Ltd 7-Nov-23
670 Deccan Cements Ltd 7-Nov-23
671 Cummins India Ltd 7-Nov-23
672 Bombay Talkies Ltd 7-Nov-23
673 Ashika Credit Capital Ltd 7-Nov-23
674 Apollo Tyres Ltd 7-Nov-23
675 Alembic Pharmaceuticals Ltd 7-Nov-23
676 Ador Fontech Ltd 7-Nov-23
677 3i Infotech Ltd 7-Nov-23

6th Nov 2023
IPO
Note: GMP keeps updating till listing on exchange. Subscription (x) keeps updating till Issue is Open.

6th Nov 2023
Sovrenn SME Index: +1.08%
Sovrenn SME Index was up 1.08% today. Please note that the constituents of the Index are private.
Also, the Index is only an indication of the movement of the broader SME market and not available
for replication or commercialization in any form. Sovrenn has the right to make changes to Index
constituents or change weightages of the constituents as per its own discretion.
115
110
105
100
95
90
Sovrenn SME Index at: 112.61 (1 day change = 1.08%)
85
15-Sep-23 22-Sep-23 29-Sep-23 6-Oct-23 13-Oct-23 20-Oct-23 27-Oct-23 3-Nov-23

6th Nov 2023
Sovrenn Macro
China's Economic Mystery: The Astonishing Survival of Troubled Firms
China's economy is a puzzle wrapped in an enigma. On one hand, it boasts an unusually low number of
companies going bankrupt, especially when compared to the United States. But on the other hand, many
Chinese companies are drowning in financial troubles.
The Unseen Challenge

Beneath the surface, China faces a growing crisis of corporate defaults. This is especially true for property
developers. In 2020, half of the 50 largest property developers were in deep financial trouble. They struggled
to restructure their debts, couldn't easily borrow new money, and had a tough time repaying existing loans.
The fear of a massive financial crisis motivates policymakers, banks, and businesses to keep these
companies afloat. However, this approach stifles economic growth and worsens the overall economic
situation.
China's Unique Approach

China's way of preserving struggling businesses is quite different from Western practices. Local government
officials pressure banks to support even the least productive companies. Strict lending rules make it
challenging for companies to get rid of their debts, and state-owned banks, ultimately accountable to the
government, are hesitant to face significant losses. To declare a company, bankrupt in China, it requires
agreement from multiple parties, including courts, creditors, local governments, and regulators.
The Cycle of Refinancing

Research shows that in some regions of China, where they have special courts for bankruptcies that operate
independently from local authorities, more new companies are being created, better productivity, and lower
borrowing costs. In other regions, creditors ask for more interest because they know getting their money back
is tricky.
Long Legal Processes and More Liquidations

The rules that are meant to keep weak companies alive sometimes lead to more liquidations when cases
finally reach the courts. A staggering 83% of companies in Chinese bankruptcy courts end up closing,
compared to just 5% in the United States. These legal proceedings in China also take much longer, around
50% longer than in the United States.
Global Impact
China's way of dealing with bankrupt companies has an impact beyond its borders. China is a major lender
to governments worldwide, but its strict approach to debt forgiveness has made international discussions
about debt much harder. We saw this in a case involving Sri Lanka's debt and the International Monetary
Fund (IMF). China's unwillingness to accept debt write-offs caused problems.
Takeaway: China’s economic performance is a tightrope walk, characterised by an extraordinary mystery.

While the nation's low corporate bankruptcy rate appears reassuring, the underlying challenges of corporate
defaults, barriers to creative destruction, and a cycle of refinancing paint a more intricate picture. As China
grapples with preserving troubled companies while averting a financial catastrophe.

6th Nov 2023
Annexure
PE classification:
Less than 20 Very low
20 – 30 Low
30-50 Moderate
50-70 High
More than 70 Very high
Retail float calculation:

Shareholding percent for resident individuals holding nominal share capital up to INR 2L.
Special Situation:
Special Situation refers to any form of capital raise by the Company – Preferential issuance or allotment
of equity shares, Preferential issuance or allotment of equity warrants, Rights issuance, recently
conducted IPO / FPO or issuance of any debt security like NCDs, commercial papers, etc.
Future Visibility:
Future Visibility refers to a piece of information / event that positively impacts future revenues. Examples:
a large order win by the company, partnership / acquisition, new factory setup, expansion in existing
factory, new stores, launch of a new brand, etc.
Futuristic Sector:
Futuristic Sector refers to those sectors where high growth is expected. Examples: Green Energy (solar,
wind, etc.), Electric Vehicle, Railways (through railways modernization), Defence (through increasing self-
reliance), New-Age IT (Cloud, AI, ML, big data), 5G, Electrification, etc.


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Author: Sovrenn Financial Technologies Pvt. Ltd.

6th Nov 2023

Aditya Joshi, Co-founder and CEO

Share price and Volume (last 1 year):

This page is created for information purpose. It is not a BUY/SELL recommendation. 2

Electric Power Tools

LT OP = Long-term operating profit; ST OP = Short-term operating profit

This page is created for information purpose. It is not a BUY/SELL recommendation. 3

Share price and Volume (last 1 year):

This page is created for information purpose. It is not a BUY/SELL recommendation. 4

LT OP = Long-term operating profit; ST OP = Short-term operating profit

This page is created for information purpose. It is not a BUY/SELL recommendation. 5

Share price and Volume (last 1 year):

Entire data unavailable

LT OP = Long-term operating profit; ST OP = Short-term operating profit

This page is created for information purpose. It is not a BUY/SELL recommendation. 7

Share price and Volume (last 1 year):

This page is created for information purpose. It is not a BUY/SELL recommendation. 8

LT OP = Long-term operating profit; ST OP = Short-term operating profit

This page is created for information purpose. It is not a BUY/SELL recommendation. 9

Share price and Volume (last 1 year):

This page is created for information purpose. It is not a BUY/SELL recommendation. 10

Nov ‘22: Ananth Jain bought 3L shares at INR 80/share, aggregating to

This page is created for information purpose. It is not a BUY/SELL recommendation. 11

Mar ‘23: Company bagged order worth INR 83 Cr in Feb ’23.

LT OP = Long-term operating profit; ST OP = Short-term operating profit

This page is created for information purpose. It is not a BUY/SELL recommendation. 12

Share price and Volume (last 1 year):

This page is created for information purpose. It is not a BUY/SELL recommendation. 13

Company Type Evergreen

LT OP = Long-term operating profit; ST OP = Short-term operating profit

This page is created for information purpose. It is not a BUY/SELL recommendation. 14

Share price and Volume (last 1 year):

Company Type Evergreen

Special Situation IPO in Sep ‘23

Oct ’23: Company received Consent to Establish for its proposed

Part of IPO proceeds will be used towards setting up a new

LT OP = Long-term operating profit; ST OP = Short-term operating profit

This page is created for information purpose. It is not a BUY/SELL recommendation. 16

Share price and Volume (last 1 year):

This page is created for information purpose. It is not a BUY/SELL recommendation. 17

Aug ‘23: Company has incorporated a Wholly Owned Subsidiary by

Jun ‘23: Company is strengthening its Canada Operations by

May ‘23: Company won a significant deal from Retail Supermarket

Jan ‘23: Company has incorporated a wholly owned subsidiary namely

LT OP = Long-term operating profit; ST OP = Short-term operating profit

This page is created for information purpose. It is not a BUY/SELL recommendation. 18

Share price and Volume (last 1 year):

LT OP = Long-term operating profit; ST OP = Short-term operating profit

This page is created for information purpose. It is not a BUY/SELL recommendation. 20

Share price and Volume (last 1 year):

This page is created for information purpose. It is not a BUY/SELL recommendation. 21

Company Type Evergreen

Jun ‘23: Ss Corporate Securities bought 1.1L shares at INR 175/share,

Special Situation Yes IPO in Jun ‘23

Aug ‘23: Company received the contract for procurement of Spares of

Aug ‘23: Company received the contract from Controller Procurement,

Aug ‘23: Company received the contract for procurement of spares of

Jul ‘23: Company received the contract for procurement of spares of

Part of IPO funds to be used towards purchase of machinery and

LT OP = Long-term operating profit; ST OP = Short-term operating profit

This page is created for information purpose. It is not a BUY/SELL recommendation. 22

MARINE ELECTRICALS (INDIA) LIMITED

This page is created for information purpose. It is not a BUY/SELL recommendation. 23