Easy Trip Planners Ltd. IPO & Its Valuations.

Easy Trip Planners Ltd. (ETPL) is ranked 2nd among the Key Online Travel Agencies (OTA) in India in terms of booking volume in 9MFY21 and 3rd among the Key Online Travel Agencies in India in terms of gross booking. ETPL is well known for its online tour web portal EaseMyTrip.com. and EaseMyTrip.in. ETPL offers a comprehensive range of travel-related products and services for end-to-end travel solutions. Company’s products and services are organized primarily in the following segments: (i) airline tickets, which consists of the sale of airline tickets as well as airline tickets sold as part of the holiday packages; (ii) hotels and holiday packages, which consists of standalone sales of hotel rooms as well as travel packages; and (iii) other services, which consists of rail tickets, bus tickets, taxi rentals and ancillary value added services such as travel insurance, visa processing and tickets for activities and attractions

Here are some quick details about this offer:

Issue period: March 08, 2021 to March 10, 2021

IPO Size: Rs. 510.0 Crore

Price band: Rs. 186 to Rs. 187

Bid lot: 80 Equity Shares and in multiples thereof.

Retail Category: Not less than 35% of the net offer

Easy Trip Planners Ltd has Net Sales / Revenue   of ₹ 100.11Cr & Net Profit of ₹6.60Cr in FY2018 ; Net Sales / Revenue   of ₹101.11 Cr & Net Profit  of ₹29.30Cr in FY2019 and Net Sales / Revenue   of ₹140.99Cr & Net Profit of ₹34.60  Cr in FY2020 & Net Sales / Revenue   of ₹49.25Cr & Net Profit of ₹31.10  Cr in 9 months of FY2021.

Net Worth of the Cos. Has increased from ₹44.00Cr in FY2018 to ₹134.10 Cr in FY21 along with Net Profit Margin from 6.6% to 63.20% in the same period.

We have valued the Price of each share based on EPV method and its comes at X1.0 of its FY2021 earnings(9Months). Easy Trip Planners Ltd ‘s share is being offered at Fair Value /at Par to its FY2020 (9Months) Earnings at the highest offer price of Rs.187.00.

Source : Various Media Reports and RHP of the company.

Disclaimer : We are / may going to take exposure shortly.

Join Us at   Telegram #   https://t.me/TheNiftyNext

Data Source | NSE Website | Screener.In  | Capital Line | Money Control |

The author tracks economic, behavioural and corporate tends, hoping to gauge good avenues of return based on Fundamental Valuations of Stocks, a follower of EPV method. You can reach me/us at | Twitter # NiftyNext1 |  e-Mail : Mail@NiftyNext.Com  |  Tel +91 8802230836  |  Telegram # TheNiftyNext   |

 

Jyothy Labs Ltd : On a Debt Free Path

Jyothy Labs Ltd closes   at ₹548.45 with  a  Gain   of  +0.60%   on   01-Oct-2020   with formation of  a  Green Candle    on Daily  Price Chart.

About the Company : Jyothy Laboratories is principally engaged in manufacturing and marketing of fabric care, dishwashing, personal care and household insecticides products. Jyothy Labs Ltd has posted Net Sales / Revenue   of ₹1711.70 Cr & Net Profit of ₹17027 Cr in FY2020 and expected to post Net Sales / Revenue   of ₹1846.75 Cr & Net Profit  of ₹200.40Cr in FY2021.

Strength : 1. Net debt of the company is about Rs. 80 crore and it is around 3-4 months of net cash flows. At the current rate, there is neither any planned capex nor any major investment plan. By the December quarter, Cos. should be debt-free.

2.. Hopeful for a good business performance in the coming quarters.

 

Valuations  : Valuations  :  The Company is now Trading at X 2..50  of its  valuations ( last 4Quaters earnings considered here)at ~150% premium  and at X1.63  of its FY 2021, which is now almost  ~67%  Premium to its value .

Margin of Safety (1Yr Bond Yield: Value>1 ) is now 0.6; any downslide makes it attractive.

Return on Equity (ROE) which is now 13.62  for FY2020 will improve to  16.07% in FY2021 and EPS will improve from 4.64 in FY2020 to 5.46 in FY2021

Disclaimer : We are / may going to take exposure shortly.

Join Us at   Telegram #   https://t.me/TheNiftyNext

Data Source | NSE Website | Screener.In  | Capital Line | Money Control |

The author tracks economic, behavioural and corporate tends, hoping to gauge good avenues of return based on Fundamental Valuations of Stocks, a follower of EPV method. You can reach me/us at | Twitter # NiftyNext1 |  e-Mail : Mail@NiftyNext.Com  |  Tel +91 8802230836  |  Telegram # TheNiftyNext   |

Likhitha Infrastructure Ltd. IPO & Its Valuations

Likhitha Infrastructure Ltd  incorporated in 1998, is an oil & gas pipeline infrastructure service provider in India, focused on laying pipeline networks along with the construction of associated facilities. The company also provides Operations & Maintenance (O&M) services to the City Gas Distribution (CGD) Companies in the county. In the last 5 years, the company has laid over 600 km of oil and gas pipelines including steel and Medium-Density Polyethylene (MDPE) networks. The company has its presence in over 16 states and 2 Union Territories.

Here are some quick details about this offer:

Issue period: 29 Sep 2020 to 1 October 2020

IPO Size: Rs.61.2 cr

Price band: Rs.117-120

Bid lot: 125 shares

Retail Category: Not less than 35% of the net offer

Likhitha Infrastructure Ltd  has Net Sales / Revenue   of ₹ 87.00 Cr & Net Profit of ₹7.0 Cr in FY2018 ; Net Sales / Revenue   of ₹139.00 Cr & Net Profit  of ₹18.00 Cr in FY2019 and Net Sales / Revenue   of ₹161.00 Cr & Net Profit of ₹20.00  Cr in FY2020.

We have valued the Price of each share based on EPV method and its comes at X64.10 of its FY2020 earnings. Likhitha Infrastructure Ltd ‘s share is being offered at Huge Premium to its FY2020 Earnings at the highest offer price of Rs.145.00, which is justified with its High RoE of 28.4 in FY2020 ( 35.5  FY2019) and ROCE of 27.7.

Source : Various Media Reports and RHP of the company.

Disclaimer : We are / may going to take exposure shortly.

Join Us at   Telegram #   https://t.me/TheNiftyNext

Data Source | NSE Website | Screener.In  | Capital Line | Money Control |

The author tracks economic, behavioural and corporate tends, hoping to gauge good avenues of return based on Fundamental Valuations of Stocks, a follower of EPV method. You can reach me/us at | Twitter # NiftyNext1 |  e-Mail : Mail@NiftyNext.Com  |  Tel +91 8802230836  |  Telegram # TheNiftyNext   |