TVS Motor 2200-2400
Expected level 2800
Support1899

Good morning

5 high-growth stocks

Growth upside potential 40-50%

1. Zaggle
- Double revenue in the next 2 years, >40 % CAGR.
- Looking for inorganic acquisitions.
- Long-term margin guidance: 15-16%.

2. Ganesha Eco
- Management guidance FY25:
- Revenue growth: 50-60%.
- EBITDA margins: 15-16%.
- Higher PAT growth due to operating leverage.
- Long-term guidance: 25-30% CAGR.
- FY25 revenue contribution:
- New business: 50%.
- Legacy business: 50%.

3. Sky Gold
- Expected 3x revenue in the next 2 years.
- FY24 revenue: ₹1745 Cr.
- Targeting ₹5000 Cr by FY26.
- Export contribution to increase to 30% from current 12%.
- Recently acquired 2 B2B companies which will start contributing.

4. TRIL
- Revenue guidance:
- FY24: ₹1291 Cr.
- FY25: ₹2000 Cr.
- FY27: ₹5000 Cr (4x growth).
- EBITDA margins: 14-15%.
- QIP: ₹500 Cr raised at ₹665 per share.
- Capex (₹360-400 Cr), debt reduction, working capital, and inorganic opportunities.
- Unexecuted order book stands at ₹2582 Cr.
- Order inflows of ₹2050 Cr as of March 2024.
- Goal to increase export share from 11% to 20-25% by FY27.

5. ZEN Tech
- FY24 revenue: ₹440 Cr.
- FY25 revenue: ₹900 Cr (2x growth).
- FY27 revenue target: ₹2000 Cr.
- Strong demand momentum, focus on expanding product line.

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Order Book Water Infrastructure Companies

1. Thermax Ltd
M Cap: ₹61,187 Cr.
Order Book: ₹9,355 cr

2. Ion Exchange (India) Ltd:
M Cap: ₹8,250 Cr.
Order Book: ₹3,546 cr approx

3. Triveni Engineering and Industries Ltd:
M Cap: ₹8,868 Cr.
Order Book: ₹1223.4cr

4. EMS Ltd:
M Cap: ₹ 3,584 Cr.
Order Book: ₹2,572.68+ cr approx

5. Jash Engineering Ltd:
M Cap: ₹ 2,818 Cr.
Order Book: ₹816 cr

6.Vishnu Prakash R Punglia Ltd:
M Cap: ₹ 2,563 Cr.
Order Book: ₹4,717 cr

7. NCC Ltd:
M Cap: ₹ 20,396 Cr.
Order Book: ₹s 57,536 cr

8. Welspun Enterprises Ltd:
M Cap: ₹ 6,294 Cr.
Order Book: ₹12,200cr

9. Kirloskar Brothers Ltd:
M Cap: ₹ 17,580 Cr.
Order Book: ₹2,999cr

10. Welspun Corp Ltd:
M Cap: ₹ 14,380 Cr.
Order Book: ₹9056cr

11. Shakti Pumps (India) Ltd:
M Cap: ₹ 6,872 Cr.
Order Book: ₹2400+cr approx

12. Praj Industries Ltd:
M Cap: ₹ 12,455 Cr.
Order Book: ₹38,550cr

13. Om Infra Ltd:
M Cap: ₹ 1,599 Cr.
Order Book: ₹2,235cr

14. ITD Cementation India Ltd:
M Cap: ₹ 8,972 Cr.
Order Book: ₹20,000cr

15. WPIL Ltd:
M Cap: ₹ 4,127 Cr.
Order Book: ₹4580 Mn approx.

⚡️Top 5 Electric Bus Manufacturing Stocks in India ⚡️

1️⃣ Tata Motors

2️⃣ Eicher Motors

3️⃣ Ashok Leyland

4️⃣ JBM Auto

5️⃣ Olectra Greentech

📮 These companies are well-positioned to capitalize on the growing demand for electric buses in India, driven by increasing environmental awareness and government initiatives to promote sustainable transportation.

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Equirus keeps long call on
PI Industries, target Rs 5,500

#1 PHC is a leading provider of novel patent-protected biological products to global markets
#2 Core patented products act as ‘vaccines for plants’, improving crop yield & quality
#3 Believe PI would also be able to transfer tech to manufacture biological products
#4 Biological products TAM could be of more than USD 10 billion

Good morning

New case study

Petronet LNG Limited

Petronet LNG Limited (PLL) is an energy company that imports, stores, regasifies, and supplies liquefied natural gas (LNG) in India. The company was formed in 1998 as a joint venture between the Government of India and several public sector companies, including Indian Oil Corporation Limited (IOCL), GAIL (India) Limited (GAIL), Bharat Petroleum Corporation Limited (BPCL), and Oil and Natural Gas Corporation Limited (ONGC). PLL also has other equity holders, such as public, FIIs, FPIs, and mutual funds. The company's headquarters are in New Delhi, India

The company is in the business of transportation, storage and regasification of LNG. It owns and operates 2 regasification terminals at Dahej (Gujarat) and Kochi (Kerala) with a combined capacity of 22.5 MMTPA. It accounts for 33% of gas supplies in the country and handles ~75% of LNG imports in India.

Expansion plans

Dahej Terminal- Company is undertaking a highly cost-effective brownfield expansion of regasification capacity of Dahej Terminal from 17.5 MMTPA to 22.5 MMTPA at an estimated cost of Rs. 600 Cr.

Third Jetty- Company is also implementing a third berth project at Dahej, through an investment of about Rs. 1700 Cr. It will handle Liquified gasses, namely ethane and propane besides LNG.

Storage Tanks- To enhance the LNG storage capacity of around 1 million CuM at Dahej terminal, the construction of two additional LNG storage tanks of a gross capacity of 1,85,000 CuM each has been taken up at a cost of approx. Rs. 1250 Cr. The work is completed 70% as of March 2023.

Storage at Odisha Company is setting up an LNG terminal at Gopalpur, Odisha with an initial capacity of 4 MMTPA at a cost of approx. Rs. 2300 Cr.

Other Projects

Company is taking up initiatives to develop the small-scale LNG market in the Country and has been promoting the environment-friendly LNG as a fuel for M&HCVs, mining equipment etc. It has developed 4 LNG Dispensing Stations on southern national highways in the first stage also identifying the locations for setting up additional 10 LNG stations.
Company is in the process of identifying Project Sites in Haryana, Uttar Pradesh, Madhya Pradesh, Gujarat, Maharashtra, Odisha etc. for the setting up of the Compressed Bio-Gas Plants. Company is also exploring ventures into the Green Hydrogen value chain for which, dialogues have been initiated with various business partners.

Petronet LNG 300-333
Expected level 385
Support 279

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