ROHL will not own the asset and hence the expansion via this route is expected to be relatively asset-light.
Expansion via the revenue-sharing model would be over and above the 1,200 room inventory pipeline plans highlighted earlier.
Valuations
At the current market price (CMP), the stock is trading at an EV/EBITDA of about 7 its FY24 projected estimates. The valuations are at a significant discount to the other listed players as well as its own historical trading average. Current valuations are attractive, and, hence, we advise investors to add the stock in the portfolio.
Expansion via the revenue-sharing model would be over and above the 1,200 room inventory pipeline plans highlighted earlier.
Valuations
At the current market price (CMP), the stock is trading at an EV/EBITDA of about 7 its FY24 projected estimates. The valuations are at a significant discount to the other listed players as well as its own historical trading average. Current valuations are attractive, and, hence, we advise investors to add the stock in the portfolio.
An article on Ksolves India Ltd
https://www.livemint.com/market/stock-market-news/debt-free-it-stock-with-low-pe-high-roe-declares-dividend-fii-stake-up-in-q3-11677425261297.html
https://www.livemint.com/market/stock-market-news/debt-free-it-stock-with-low-pe-high-roe-declares-dividend-fii-stake-up-in-q3-11677425261297.html
mint
Debt free IT stock with low PE & high ROE declares dividend, FII stake up in Q3
With a market valuation of ₹505 Cr, Ksolves India is a small-cap company with operations in the IT industry.
HT Main DNCR - TARC Jacket - March 10, 2023.pdf
3.1 MB
Emailing HT Main DNCR - TARC Jacket - March 10, 2023.pdf
Bodhitree Multimedia Ltd foray into mythological and historical genre
https://archives.nseindia.com/corporate/BTML_10032023173427_Presreleaseupload.pdf
After an extremely successful run in Television and OTT with acclaimed and commercially successful shows such as Class (Netflix) and Main Hoon Aparajita (Zee), BTML is now foraying into the content creation vertical of mythological and historical content. With an increasing demand in mythological and historical content, BTML will work towards scaling up this vertical.
The company has roped in the acclaimed creator of projects such as Devon ka Dev Mahadev, Siya Ke Ram, Prithvi Vallabh etc – Anirudh Pathak for this venture. He will work closely with the BTML team to develop this genre of content towards the company building its own IP and also commissioning by OTT platforms and Broadcasters.
BTML is already in advanced discussion with major industry partners on two projects. The company is also in a tie up with Gita Seva Trust, a trust that digitizes the publications of Gita Press to create audio visual & animation content of the publications. An animated version of Luv Kush is under production at the moment.
BTML Founder and Managing Director Mautik Tolia on this development said “There is a whole new wave among the Indian audiences to understand their own rich heritage and culture. There is a need for these stories from our history and mythology to be presented in a cutting-edge manner.
https://archives.nseindia.com/corporate/BTML_10032023173427_Presreleaseupload.pdf
After an extremely successful run in Television and OTT with acclaimed and commercially successful shows such as Class (Netflix) and Main Hoon Aparajita (Zee), BTML is now foraying into the content creation vertical of mythological and historical content. With an increasing demand in mythological and historical content, BTML will work towards scaling up this vertical.
The company has roped in the acclaimed creator of projects such as Devon ka Dev Mahadev, Siya Ke Ram, Prithvi Vallabh etc – Anirudh Pathak for this venture. He will work closely with the BTML team to develop this genre of content towards the company building its own IP and also commissioning by OTT platforms and Broadcasters.
BTML is already in advanced discussion with major industry partners on two projects. The company is also in a tie up with Gita Seva Trust, a trust that digitizes the publications of Gita Press to create audio visual & animation content of the publications. An animated version of Luv Kush is under production at the moment.
BTML Founder and Managing Director Mautik Tolia on this development said “There is a whole new wave among the Indian audiences to understand their own rich heritage and culture. There is a need for these stories from our history and mythology to be presented in a cutting-edge manner.
Brand Concepts Ltd
Adding New Brand “UCB (United Colors of Benetton)” to the Brand Portfolio.
https://www.bseindia.com/xml-data/corpfiling/AttachLive/5dfac3b0-0b94-4093-b10b-906a12d2b400.pdf
Brand Concepts Limited has entered a long-term contract of Licensing with UCB (United Colors of Benetton) S.R.L Group to launch Travel & Fashion Accessories in the iconic country fashion brand UCB in India. Brand Concepts has become the official product licensee for - Travel Gear, Small Leather Goods, Women Handbags, Key Chains, Neck Pillows and many more including designing, manufacturing, retailing across all channels in India.
Brand Concepts’ will introduce UCB (United Colors of Benetton) latest fashion offerings to Indian Consumers through a mix of exclusive brand stores, multi-brand store expressions and digital commerce platforms.
Both the companies aim at leveraging the UCB (United Colors of Benetton) position as a leading lifestyle brand, and established competencies in operating robust omni-channel retail networks and scaling local manufacturing and driving sourcing efficiencies.
A joint press release shall be followed soon.
Adding New Brand “UCB (United Colors of Benetton)” to the Brand Portfolio.
https://www.bseindia.com/xml-data/corpfiling/AttachLive/5dfac3b0-0b94-4093-b10b-906a12d2b400.pdf
Brand Concepts Limited has entered a long-term contract of Licensing with UCB (United Colors of Benetton) S.R.L Group to launch Travel & Fashion Accessories in the iconic country fashion brand UCB in India. Brand Concepts has become the official product licensee for - Travel Gear, Small Leather Goods, Women Handbags, Key Chains, Neck Pillows and many more including designing, manufacturing, retailing across all channels in India.
Brand Concepts’ will introduce UCB (United Colors of Benetton) latest fashion offerings to Indian Consumers through a mix of exclusive brand stores, multi-brand store expressions and digital commerce platforms.
Both the companies aim at leveraging the UCB (United Colors of Benetton) position as a leading lifestyle brand, and established competencies in operating robust omni-channel retail networks and scaling local manufacturing and driving sourcing efficiencies.
A joint press release shall be followed soon.
Virtuoso Optoelectronics Ltd has informed exchanges about commissioning of a fourth manufacturing facility at Nashik, Maharashtra, India to meet growing demand of cross flow fans and plastic components.
Press Release
https://www.bseindia.com/xml-data/corpfiling/AttachLive/b9d318cd-ca88-4086-83ff-7eb6650bacc9.pdf
Speaking on the occasion, Mr. Nitin Shewale, President & COO of VOEPL said, "We are happy to share the commencement of our fourth manufacturing facility, which will help us meet the growing requirement for plastic components and cross flow fans. We are committed to meeting the evolving needs of our customers, and this new facility will help us move one step forward in that direction."
Press Release
https://www.bseindia.com/xml-data/corpfiling/AttachLive/b9d318cd-ca88-4086-83ff-7eb6650bacc9.pdf
Speaking on the occasion, Mr. Nitin Shewale, President & COO of VOEPL said, "We are happy to share the commencement of our fourth manufacturing facility, which will help us meet the growing requirement for plastic components and cross flow fans. We are committed to meeting the evolving needs of our customers, and this new facility will help us move one step forward in that direction."
Inflame Appliances Ltd
New Products development and planned launch - OTG
https://www.bseindia.com/xml-data/corpfiling/AttachLive/5365d4fd-c165-45c0-8df7-d4711b9fea08.pdf
The Company has developed a new product namely OTG (Oven Toaster Grill) and is expected to start supplies in the second quarter of 2023-24 (Q2-FY2024).
In the First phase, the company will be launching 6 models of OTG.
New Products development and planned launch - OTG
https://www.bseindia.com/xml-data/corpfiling/AttachLive/5365d4fd-c165-45c0-8df7-d4711b9fea08.pdf
The Company has developed a new product namely OTG (Oven Toaster Grill) and is expected to start supplies in the second quarter of 2023-24 (Q2-FY2024).
In the First phase, the company will be launching 6 models of OTG.
https://www.constructionweekonline.in/people/how-infra-development-is-pushing-luxury-real-estate
CEO of TARC Ltd Mr Amar Sarin
CEO of TARC Ltd Mr Amar Sarin
Construction Week India
How infra development is pushing luxury real estate - Construction Week India
An article by Amar Sarin, MD & CEO, TARC. How infra development is pushing luxury real estate. Amar Sarin, Delhi-Mumbai Expressway, infrastructure development, luxury real estate, TARC. People.
Abhinav Kumar, CEO of Brand Concepts Ltd talks to Dalal Street Journal
https://www.dsij.in/dsijarticledetail/in-an-interaction-with-abhinav-kumar-ceo-of-brand-concepts-ltd-29265-1
https://www.dsij.in/dsijarticledetail/in-an-interaction-with-abhinav-kumar-ceo-of-brand-concepts-ltd-29265-1
Dalal Street Investment Journal
In an interaction with Abhinav Kumar, CEO of Brand Concepts Ltd
In Q3FY23, Brand Concept's net sales registered a 69.7 per cent YoY growth while the net profitability shot up by more than 98 per cent. What were the factors which led to such healthy...
Royal Orchid Hotels Ltd
(Bloomberg code: ROHL IN NSE Code: ROHLTD BSE Code: 532699)
Credit ratings upgrade:
Pursuant to Regulation 30(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, we wish to inform that ICRA Limited ('ICRA'), has assigned the following ratings to the Company:
Facility: Term Loan & Unallocated facilities;
Amount Rated: Rs. 46 Crores;
Ratings: [ICRA] A- (Stable);
Remarks: Upgraded the long-term rating to [ICRA]A- (pronounced ICRA A minus) ('Rating') from [ICRA]BBB (pronounced ICRA triple B).
The details are given in the letter from ICRA enclosed herewith.
https://www.bseindia.com/xml-data/corpfiling/AttachLive/9ec82b51-0b2a-4d58-8736-f21b978dc1ba.pdf
(Bloomberg code: ROHL IN
Credit ratings upgrade:
Pursuant to Regulation 30(6) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, we wish to inform that ICRA Limited ('ICRA'), has assigned the following ratings to the Company:
Facility: Term Loan & Unallocated facilities;
Amount Rated: Rs. 46 Crores;
Ratings: [ICRA] A- (Stable);
Remarks: Upgraded the long-term rating to [ICRA]A- (pronounced ICRA A minus) ('Rating') from [ICRA]BBB (pronounced ICRA triple B).
The details are given in the letter from ICRA enclosed herewith.
https://www.bseindia.com/xml-data/corpfiling/AttachLive/9ec82b51-0b2a-4d58-8736-f21b978dc1ba.pdf
Our client Rajratan Global Wire Ltd gets featured in the
AMBIT Ten Baggers Strategy report that highlights top companies that have consistently displayed improving financial metrics over the last 6 years and have a high likelihood of improving ROCE over next 1-2 years. We are delighted to share that our February 2023 edition (report attached) of the report features your company as one of the 14 companies from the Sub-BSE500 universe that also clears our stringent accounting and governance filters.
AMBIT Ten Baggers Strategy report that highlights top companies that have consistently displayed improving financial metrics over the last 6 years and have a high likelihood of improving ROCE over next 1-2 years. We are delighted to share that our February 2023 edition (report attached) of the report features your company as one of the 14 companies from the Sub-BSE500 universe that also clears our stringent accounting and governance filters.
Ksolves India Ltd
shared about the achievement of new heights in Salesforce expertise and upgrading itself as a Salesforce Crest (Gold) Consulting Partner. Being a publicly traded software Solutions Company, Ksolves has always been impressive and delivered results right on point since the beginning.
Mr. Ratan Srivastava, Founder and CEO of Ksolves said that “Achieving Salesforce CREST (Gold) Consulting Partner status is a significant accomplishment for Ksolves. We are honored to have reached this milestone and would like to express our gratitude to our customers for their support and for being the driving force behind our success."
https://www.bseindia.com/xml-data/corpfiling/AttachLive/f3493629-a107-4ebd-bbad-2ad150188d25.pdf
shared about the achievement of new heights in Salesforce expertise and upgrading itself as a Salesforce Crest (Gold) Consulting Partner. Being a publicly traded software Solutions Company, Ksolves has always been impressive and delivered results right on point since the beginning.
Mr. Ratan Srivastava, Founder and CEO of Ksolves said that “Achieving Salesforce CREST (Gold) Consulting Partner status is a significant accomplishment for Ksolves. We are honored to have reached this milestone and would like to express our gratitude to our customers for their support and for being the driving force behind our success."
https://www.bseindia.com/xml-data/corpfiling/AttachLive/f3493629-a107-4ebd-bbad-2ad150188d25.pdf
b953dbb3-1ce6-4b11-922e-0161b22d09a4.pdf
1.2 MB
Emailing b953dbb3-1ce6-4b11-922e-0161b22d09a4.pdf
Royal Orchid Hotels Ltd has launched new hotels namely Hotel 'Regenta Fairlak Vadodara', 'Regenta Place Jhansi', 'Regenta Place, Mohali', 'Regenta Inn - Greater Noida', and 'Regenta Inn Grand, ORR - Mahadevpura, Bangalore'. The five properties will showcase the new and vibrant Regenta brand across two categories – Regenta Place and Regenta Inn. Travellers visiting these cities can now opt for affordable luxury with the opening of the new Regenta properties.
Commenting on the expansion, Mr Chander K Baljee, Chairman & Managing Director, Royal Orchid Hotels Limited said, “The opening of our five new Regenta properties is a testament to our commitment to making hospitality affordable and accessible. The Regenta brand is for the value-conscious travellers looking to explore India beyond the regular.”
https://www.bseindia.com/xml-data/corpfiling/AttachLive/c24f292a-429a-4976-b138-e8e941309845.pdf
Commenting on the expansion, Mr Chander K Baljee, Chairman & Managing Director, Royal Orchid Hotels Limited said, “The opening of our five new Regenta properties is a testament to our commitment to making hospitality affordable and accessible. The Regenta brand is for the value-conscious travellers looking to explore India beyond the regular.”
https://www.bseindia.com/xml-data/corpfiling/AttachLive/c24f292a-429a-4976-b138-e8e941309845.pdf
Ksolves India Ltd
has informed exchanges that the company has won 'Nasscom SME Inspire Awards 2023' awarded by Shri. B.B Swain, Secretary, MSME, in the presence of Ms. Debjani Ghosh, President, Nasscom. The award ceremony was conducted by Nasscom through the event 'Nasscom SME Confluence 2023' on March 28, 2023 in New Delhi, India, to felicitate the accomplishments of Tech MSMEs. This is for your information and records.
Out of 300 entries, Nasscom shortlisted 80 entities and Ksolves India Limited won the award.
https://www.bseindia.com/xml-data/corpfiling/AttachLive/42d2a388-fe53-4b50-9456-d3db58080244.pdf
has informed exchanges that the company has won 'Nasscom SME Inspire Awards 2023' awarded by Shri. B.B Swain, Secretary, MSME, in the presence of Ms. Debjani Ghosh, President, Nasscom. The award ceremony was conducted by Nasscom through the event 'Nasscom SME Confluence 2023' on March 28, 2023 in New Delhi, India, to felicitate the accomplishments of Tech MSMEs. This is for your information and records.
Out of 300 entries, Nasscom shortlisted 80 entities and Ksolves India Limited won the award.
https://www.bseindia.com/xml-data/corpfiling/AttachLive/42d2a388-fe53-4b50-9456-d3db58080244.pdf