Latest news with #EBIDTA
Mint
02-07-2025
- Business
- Mint
Gujarat-based Steamhouse India files confidential DRHP with Sebi to raise up to ₹700 crore via IPO
Upcoming IPO: Industrial steam solutions provider Steamhouse India has filed a confidential draft red herring prospectus (DRHP) with India's capital markets regulator, the Securities and Exchange Board of India (Sebi), to raise funds from the public markets through an initial public offering (IPO). According to people aware of the development, the company is seeking to raise between ₹ 500 and ₹ 700 crore. However, the issue size or type of the public issue has not been disclosed in the 1 July 2025 filing. Steamhouse India is an industrial steam solutions provider that was founded in 2014 and is based in Surat, Gujarat. The company caters to 167 clients spread across the nation. The company supplies steam to manufacturing companies by using an innovative and centralised alternative to traditional captive boilers. This enables the clients to lower their emissions and cut operating costs to improve production efficiency. 'The steam is sold at 190 degrees and innovatively uses IoT and AI, from procurement to distribution,' said the company. Steamhouse India's total operational and distribution capacity stood at 330 TPH and 200 TPH, respectively, as of 31 August 2024. The company has over 45 kilometres of pipeline infrastructure in key industrial hubs like Sachin, Vapi, Ankleshwar, Sarigram, Panoli, and Nadesari, establishing a monopoly in their areas of operations. The clients of the company are reportedly benefiting from a 25 to 30 per cent reduction in production costs compared to using individual small boilers. According to the company's financial statements for the fiscal year ended 2023-24, Steamhouse India's total revenue was at ₹ 291.71 crore. The company's EBIDTA witnessed a rise to ₹ 70.14 crore in the FY 2024-25, compared to ₹ 58.79 crore in the previous financial year. The company's profitability was at ₹ 25.97 crore, as per the company data. Read all stories by Anubhav Mukherjee Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
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Business Standard
16-06-2025
- Business
- Business Standard
Subros zooms 18%, sharpest intra-day rally in 1 year; up 26% in 3 days
Share price of Subros today Shares of Subros hit an all-time high of ₹982.35, zooming 18 per cent thus also recording its sharpest intra-day rally in the past one year, on the BSE in Monday's intra-day deals. Earlier, on July 1, 2024, the stock price of the smallcap company had zoomed 20 per cent in intra-day trades, BSE data shows. In the past three days, the market price of Subros has appreciated by 26 per cent, while, thus far in the month of June, it has gained 35 per cent. It has nearly-doubled or zoomed 96 per cent from its March 2025 low of ₹501.55 on the BSE. At 02:42 PM; Subros was quoting 17 per cent higher at ₹970.70, as compared to 0.84 per cent rise in the BSE Sensex. The average trading volumes at the counter jumped over six-fold. A combined 4.5 million shares representing nearly 7 per cent of total equity of Subros changed hands on the NSE and BSE. Subros clarifies on increase in volume Subros on June 10, 2025, said that the company has made all the necessary disclosures (including unpublished price sensitive information) to the Stock Exchange(s). The significant increase in volume of company's equity shares is purely market driven. 'There is no information/announcement (including impending announcement) which in our opinion may have a bearing on the price/volume behaviour in the scrip and which is due to be disseminated to the Stock Exchange(s),' Subros said. Subros Q4 results For the January to March 2025 quarter (Q4FY25), Subros' revenue was higher by 9.25 per cent year-on-year (YoY) at ₹908.46 crore from corresponding quarter of last year due to increase in volume and Start of Production (SOP) of new business awards. EBIDTA was higher by 22.72 per cent in Q4 from corresponding quarter of last year due to Cost cutting initiatives and process cost optimization. MSR was lower due to softening in commodity prices, cost down initiatives and product mix. Finance cost was lower due to use of low-cost debt instrument and working capital optimization. Growth outlook for Subros Subors medium-term growth prospects remains healthy, given its strong market position in the passenger vehicle (PV) industry and continued demand in the industry. Further, the notification from the Government of India mandating air-conditioned (AC) fitted cabins in N2 and N3 trucks (both segments combined cover trucks having gross vehicle weight exceeding 3.5 tonnes), manufactured after October 2025, is expected to generate incremental revenue prospects for the company. While the company has significantly muted its sales in the home AC segment due to low segment margins amid inflationary pressure in the fixed price nature of contracts, an increase in the contribution from the other business segments, such as commercial vehicle (CVs) and Indian Railways is expected to support its earnings growth prospects, according to ICRA. The ratings for Subros continue to factor in its strong market position in the thermal products segment of the PV industry, benefitting from its integrated manufacturing operations and strong product development capabilities, which is supported by technical support from Denso Corporation, Japan. The company is expected to continue its growth momentum on account of new product development for various models of PVs, buses, trucks and the railways segment, the rating agency said in its rationale. The operating margins and return indicators are expected to improve over the medium term, aided by operational efficiencies, cost efficiency measures as well as increased localisation. About Subros Subros is the leading manufacturer of thermal products for automotive applications in India, in technical collaboration with Denso Corporation, Japan. The company is engaged primarily in the business of manufacturing and sale of thermal products for automotive and home air-conditioning original equipment manufacturers. The company is a joint venture with 36.79 per cent ownership by the Suri family of India, 20 per cent ownership by Denso Corporation, Japan & 11.96 per cent ownership by Suzuki Motor Corporation, Japan.
Powys County Times
10-06-2025
- Business
- Powys County Times
Bryson DeChambeau 'super excited' at prospect of signing new LIV Golf contract
Bryson DeChambeau is 'super excited' at the prospect of signing a new contract with LIV Golf. The 31-year-old signed a reported deal of more than $100million (£74m) to join the Saudi Arabia's Public Investment Fund (PIF) tour. That expires in 2026 and, despite speculation suggesting DeChambeau is ready to rejoin the PGA Tour, he hinted his future remains with LIV. View this post on Instagram A post shared by LIV Golf (@livgolf_league) Ahead of the US Open at Oakmont, where he is the defending champion, Dechambeau said: 'Next year is when (his contract) ends. 'We're looking to negotiate at the end of this year, and I'm very excited. They see the value in me. I see the value in what they can provide, and I believe we'll come to some sort of resolution on that. Super excited for the future. 'I think that LIV is not going anywhere. (Yasir Al Rumayyan, governor of PIF) has been steadfast in his belief on team golf, and whether everybody believes in it or not, I think it's a viable option. 'I think it's a viable commercial option. Our team has been EBIDTA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) positive for the past two years, so we're starting to grow and move in the right direction. One of the best moments of my life — Bryson DeChambeau (@brysondech) June 16, 2024 'I know my worth. I know what LIV brings to the table. And I'm excited for the future of what golf is going to be.' DeChambeau is bidding to win his third US Open following victories at Winged Foot in 2020 and Pinehurst last year, where he edged out Rory McIlroy in a thrilling finish. He has become a fixture on major championship leaderboards since his move to LIV Golf, his US Open win last year one of five top-six finishes in his last six starts. 'I think for any golfer out here trying to win the US Open, there's just as much pressure. 'You can put as much pressure on yourself as you want. I try to look at it as there's a lot of fans out there. 'I'm excited to showcase my skill sets and try to play the best golf as I possibly can, and if that adds up to the lowest number out here, great. If not, I've got to work harder. 'That's the pressure I put on myself – performing for the fans. 'It's been an amazing year. I'm so grateful to have won the US Open. I worked hard to win at Pinehurst and have been playing some good golf after that.'
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Business Standard
10-06-2025
- Business
- Business Standard
Smallcap spirits stock zooms 50% from May low, hits record high; here's why
Allied Blenders and Distillers (ABD) share price today Shares of Allied Blenders and Distillers (ABD) hit an all-time high of ₹454.10, soaring 6 per cent on the BSE in Tuesday's intra-day trade on the back of over two-fold jump in trading volumes. In comparison, the BSE Sensex was down 0.07 per cent at 82.389 at 02:45 PM. The stock price of this smallcap spirits company surpassed its previous high of ₹444.95, hit on January 3, 2025. It has zoomed 50 per cent from its previous month low of ₹302.50 touched on May 2, 2025. Allied Blenders Q4FY25 performance ABD's consolidated net revenue grew 20 per cent year-on-year (YoY) to ₹920.6 crore in March 2025 quarter (Q4FY25), driven by 20.8 per cent volume growth to 8.5 million cases. Prestige & Above (P&A) sales volume grew by 32 per cent YoY to 3.6 million cases and mass premium sales volume grew by 13 per cent YoY to 4.9 million cases. The company reported its highest-ever quarterly profit after tax (PAT) at ₹79 crore in Q4FY25, against a loss of ₹2.4 crore. The company also reported its highest-ever earnings before interest, taxes, depreciation and amortisation (EBITDA) at ₹150 crore, up 141.5 per cent YoY from ₹62 crore in Q4FY24. Gross margins improved by 436 bps YoY to 43.4 per cent (improved by 61 bps QoQ) due to improved product mix, softening of input prices and supply efficiencies. This along with cost saving initiatives led to 698 bps YoY improvement in the EBIDTA margins to 14.8 per cent (277bps improvement QoQ) ahead of analyst's expectation of around 12 per cent. The strong performance in EBITDA was driven by continued strong focus on profitable state brand mix and cost optimization initiatives. The robust performance in PAT was led by strong EBITDA growth and interest cost savings, the management said. Management expects EBIDTA margins to touch 15 per cent by FY28 driven by investment in backward integration (likely expansion of 300 bps in EBIDTA margins), improved mix to premium products and stable input prices. India-UK FTA Agreement The India-UK Free Trade Agreement is a truly significant milestone for the Indian spirits industry, opening up exciting new avenues for collaboration and growth for the sector as a whole and whisky category in particular. ABD is one of the largest importers of bulk scotch in India to benefit as lower import duty is expected to be largely margin accretive. In addition, this agreement will also benefit ABD's Super-Premium to Luxury portfolio by making these products more accessible. The management anticipates this will offer Indian consumers greater choice and an opportunity to enjoy a wider range of high-quality spirits. ICICI Securities view on Allied Blenders and Distillers Analysts at ICICI Securities expect EBIDTA margins of 13.5 per cent by FY27E. However, any benefits coming in from signing of FTA with UK will incrementally add-on to the margins in the coming years. ABD is focusing on expanding its premium portfolio, driving efficiencies through backward integration and increasing footprints in the domestic & international market. This will aid the company in its transformation journey of delivering consistent growth in the near to medium term. The brokerage firm has recommended a 'Buy' rating on ABD with a price target of ₹ 495, valuing stock at 43x its FY27E EPS of ₹ 11.6. About Allied Blenders and Distillers Allied Blenders and Distillers Limited (ABD) is the largest domestic spirits company in India, in terms of annual sales volumes. ABD has a presence in five main flavors, i.e., whisky, brandy, rum, vodka, and gin, with 'millionaire' brands like Officer's Choice Whisky, Officer's Choice Blue Whisky, Sterling Reserve Premium Whiskies and ICONiQ White Whisky. Currently, its manufacturing network comprises 36 units, of which 9 are owned bottling units, 2 owned distilleries, and 25 non-owned manufacturing units.
Business Standard
27-05-2025
- Business
- Business Standard
Maharashtra Seamless records PAT of Rs 242 crore; EBIDTA margin at 20%
Maharashtra Seamless has reported 10.8% increase in consolidated net profit to Rs 242.04 crore on a 16.7% rise in net sales to Rs 1417.77 crore in Q4 FY25 as compared with Q4 FY24. Total operating expenditure during the period under review added up to Rs 1,132.98 crore, up 19.9% YoY. EBIDTA improved by 3.3% to Rs 285 crore in the fourth quarter from Rs 276 crore recorded in the same period last year. EBIDTA margin declined by 300 basis points YoY to 20% in Q4 FY25. Profit before tax in Q4 FY25 stood at Rs 298.87 crore, up by 3.2% from Rs 289.73 crore in Q4 FY24. For FY25, the company has registered a consolidated net profit of Rs 777.46 crore (down 18.3% YoY) and net sales of Rs 5,268.67 crore (down 2.5% YoY). The board of Maharashtra Seamless has recommended a dividend of Rs 10 per equity for the financial year 2024-25. Maharashtra Seamless manufactures carbon and alloy steel seamless pipes, ERW (electrical resistance welding) steel and castings pipes. The company also owns a wind power mill. The scrip had advanced 1.79% to end at Rs 705.70 on the BSE today.
