Latest news with #ETIntelligenceGroup
Economic Times
2 days ago
- Business
- Economic Times
Can M&B Engineering's IPO deliver strong returns for investors?
Agencies Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel ET Intelligence Group: M&B Engineering, a manufacturer of fabricated steel structures pre-engineered buildings or PEB) and self-supported roofings, plans to raise ₹275 crore through fresh issue to fund capital expenditure and debt repayment and ₹375 crore through an offer for sale. The promoter stake will fall to 70.5% after the IPO from 100%. Its Sanand facility in Gujarat is the only PEB manufacturing facility in India with a certification from the American Institute of Steel Construction (AISC).The company has undertaken capacity expansion to cater to rising demand. It operates at a higher margin compared with peers. Given these factors, investors may consider the IPO for the long-term. Incorporated in 1981, Ahmedabad-headquartered M&B provides PEB and roofing solutions to customers across various sectors including engineering, manufacturing, food and beverages, warehousing, logistics, power, textiles, and company operates two manufacturing facilities each in Sanand and Cheyyar, Tamil Nadu, with a combined PEB capacity of 103,800 MTPA and 1,800,000 square metres per annum for self-supported roofing solutions as on March 2025. A part of the IPO proceeds will be used to increase the capacity at Sanand by 28% and at Cheyyar by 142% by formed nearly 7% of the revenue in FY25. Top five customer groups contribute about 43% of its revenue. The company had an order book of ₹842.84 crore as of June 2025. Revenue from operations and net profit grew 6% and 53% annually to ₹988.6 crore and ₹77 crore, respectively between FY23 and FY25. Ebitda margin expanded to 12.8% from 7.5% during the period-margin for peers is between 2% and 10%.Debt-equity ratio is expected to fall to 0.1 after the IPO from 0.3. For peers, it is between 0.1 and 0.6. In FY25, 57% of the revenues came from repeat customers. Working capital days increased to 106 in FY25 from 60 in FY23. Considering the post-IPO equity and net profit for FY25, the company demands a P/E multiple of up to 29 vs P/Es between 30 and 34 for peers including Pennar Industries and Interarch Building Products.
Time of India
2 days ago
- Business
- Time of India
Can M&B Engineering's IPO deliver strong returns for investors?
ET Intelligence Group: M&B Engineering, a manufacturer of fabricated steel structures ( pre-engineered buildings or PEB) and self-supported roofings, plans to raise ₹275 crore through fresh issue to fund capital expenditure and debt repayment and ₹375 crore through an offer for sale. The promoter stake will fall to 70.5% after the IPO from 100%. Its Sanand facility in Gujarat is the only PEB manufacturing facility in India with a certification from the American Institute of Steel Construction (AISC). The company has undertaken capacity expansion to cater to rising demand. It operates at a higher margin compared with peers. Given these factors, investors may consider the IPO for the long-term. Incorporated in 1981, Ahmedabad-headquartered M&B provides PEB and roofing solutions to customers across various sectors including engineering, manufacturing, food and beverages, warehousing, logistics, power, textiles, and railways. Explore courses from Top Institutes in Please select course: Select a Course Category Data Science Product Management MCA Design Thinking Management Healthcare Artificial Intelligence MBA Project Management Operations Management Technology PGDM CXO Data Analytics Leadership healthcare Degree Data Science others Finance Others Digital Marketing Public Policy Cybersecurity Skills you'll gain: Duration: 10 Months E&ICT Academy, Indian Institute of Technology Guwahati CERT-IITG Prof Cert in DS & BA with GenAI India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK DABS India Starts on undefined Get Details Skills you'll gain: Duration: 30 Weeks IIM Kozhikode SEPO - IIMK-AI for Senior Executives India Starts on undefined Get Details Skills you'll gain: Duration: 11 Months IIT Madras CERT-IITM Advanced Cert Prog in AI and ML India Starts on undefined Get Details Skills you'll gain: Duration: 11 Months E&ICT Academy, Indian Institute of Technology Guwahati CERT-IITG Postgraduate Cert in AI and ML India Starts on undefined Get Details The company operates two manufacturing facilities each in Sanand and Cheyyar, Tamil Nadu, with a combined PEB capacity of 103,800 MTPA and 1,800,000 square metres per annum for self-supported roofing solutions as on March 2025. A part of the IPO proceeds will be used to increase the capacity at Sanand by 28% and at Cheyyar by 142% by FY28. Agencies Exports formed nearly 7% of the revenue in FY25. Top five customer groups contribute about 43% of its revenue. The company had an order book of ₹842.84 crore as of June 2025. Revenue from operations and net profit grew 6% and 53% annually to ₹988.6 crore and ₹77 crore, respectively between FY23 and FY25. Ebitda margin expanded to 12.8% from 7.5% during the period-margin for peers is between 2% and 10%. Debt-equity ratio is expected to fall to 0.1 after the IPO from 0.3. For peers, it is between 0.1 and 0.6. In FY25, 57% of the revenues came from repeat customers. Working capital days increased to 106 in FY25 from 60 in FY23. Considering the post-IPO equity and net profit for FY25, the company demands a P/E multiple of up to 29 vs P/Es between 30 and 34 for peers including Pennar Industries and Interarch Building Products. Live Events
Economic Times
3 days ago
- Business
- Economic Times
Sri Lotus Developers plans to raise Rs 792 crore through IPO to fund projects
Revenue from operations, Ebitda and net profit grew 81.5%, 272.4% and 268.3% annually to ₹549.7 crore, ₹289 crore and ₹227.9 crore, respectively between FY23 and FY25. Ebitda margin expanded to 52.6% in FY25 from 12.5% in FY23. Sri Lotus Developers plans to raise ₹792 crore through an IPO to fund projects. The Mumbai-based developer boasts a high 53% Ebitda margin, exceeding peers, and operates primarily in the luxury segment. Despite geographic concentration, strong financial growth and a lower debt-equity ratio make the IPO potentially attractive for high-risk investors. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads ET Intelligence Group: Sri Lotus Developers and Realty, a Mumbai-based residential and commercial properties developer, plans to raise ₹792 crore through fresh issue to fund ongoing projects and general corporate purposes. The promoter stake will fall to 81.9% after the IPO from 91.8%. The company operates at a higher operating margin before depreciation and amortisation ( Ebitda margin ) of 53% compared with 11-37% for cash balance on books is higher than net debt. But being present in just one market, it exhibits geographic concentration. Given these factors, investors with high-risk appetite may consider the in 2015, Sri Lotus focuses on redevelopment projects in the ultra-luxury segment (3BHK, 4 BHK & over 4 BHK flats and penthouses with a price of over ₹7 crore) and luxury segment (2BHK and 3 BHK flats ranging between ₹3-₹7 crore) in the western of June 30, 2025, the company has four completed projects, five ongoing projects and eleven upcoming projects. It has developed 0.93 million square feet of area consisting of both residential and commercial properties. Of this, 54% belongs to redevelopment projects and the rest is from greenfield from operations, Ebitda and net profit grew 81.5%, 272.4% and 268.3% annually to ₹549.7 crore, ₹289 crore and ₹227.9 crore, respectively between FY23 and FY25. Ebitda margin expanded to 52.6% in FY25 from 12.5% in price per square feet for Lotus Group is ₹68,000 vs ₹55,694 in the Juhu micro-market. Debt-equity ratio is 0.13 compared with 0.12-0.16 for peers. Considering the post-IPO equity and net profit for FY25, the company demands a P/E multiple of up to 32 compared with P/Es between 14 and 127 for peers including Suraj Estate Developers, Arkade Developers, Sunteck Realty, Hubtown and Mahindra Lifespaces.
Economic Times
3 days ago
- Business
- Economic Times
Is Aditya Infotech's IPO a risky bet for investors in a competitive market?
Agencies Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel ET Intelligence Group: Aditya Infotech , a security and surveillance products manufacturer, plans to raise ₹500 crore through fresh equity to partly repay debt and another ₹800 crore through offer for promoter stake will fall to 77% after the IPO from 95%. The standardisation testing and quality certification (STQC) norms, which came into effect in April 2025, will affect the sale of products from Chinese companies in the internet protocol (IP) driven surveillance systems thereby increasing the addressable market opportunity for Indian this augurs well for Aditya, the extent of the benefit will take a few quarters to become clear. In addition, the company's Ebitda margin was in single digits, at 8-9% between FY23 and FY25. It indicates that the company operates in a highly competitive market. Given these factors, the IPO looks more suitable for long-term investors with high risk undertakes manufacturing and sales of its own products as well as trading of products of China-based Dahua Technology. Trading of Dahua products contributed 24.7% to revenue in FY25. This is expected to fall given the STQC norms . Trading margin is typically one-third of Aditya's own products margin. A lower trading contribution in revenue, therefore, may improve the Ebitda margin. Revenue grew 16.7% annually to ₹3,111.8 crore between FY23 and FY25. In July 2024, the company acquired control of its JV with Dixon technology in a share swap agreement with the PAT was boosted by ₹248.6 crore in FY25 as a gain on account of fair valuation of its stake in the JV, taking the total annual net profit to ₹351.4 debt was ₹231 crore in FY25 compared with ₹334.8 crore in the prior year. Net profit in FY25 includes a one-time fair value gain, which renders the trailing P/E multiple less effective. Profit before exceptional items and tax at ₹185.4 crore in FY25 was similar to ₹189.9 crore in FY24. Valuation based on FY24 numbers makes more sense. The FY24 P/E works out to be 68.7. The company does not have any listed peers.
Time of India
3 days ago
- Business
- Time of India
Sri Lotus Developers plans to raise Rs 792 crore through IPO to fund projects
Revenue from operations, Ebitda and net profit grew 81.5%, 272.4% and 268.3% annually to ₹549.7 crore, ₹289 crore and ₹227.9 crore, respectively between FY23 and FY25. Ebitda margin expanded to 52.6% in FY25 from 12.5% in FY23. Sri Lotus Developers plans to raise ₹792 crore through an IPO to fund projects. The Mumbai-based developer boasts a high 53% Ebitda margin, exceeding peers, and operates primarily in the luxury segment. Despite geographic concentration, strong financial growth and a lower debt-equity ratio make the IPO potentially attractive for high-risk investors. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads ET Intelligence Group: Sri Lotus Developers and Realty, a Mumbai-based residential and commercial properties developer, plans to raise ₹792 crore through fresh issue to fund ongoing projects and general corporate purposes. The promoter stake will fall to 81.9% after the IPO from 91.8%. The company operates at a higher operating margin before depreciation and amortisation ( Ebitda margin ) of 53% compared with 11-37% for cash balance on books is higher than net debt. But being present in just one market, it exhibits geographic concentration. Given these factors, investors with high-risk appetite may consider the in 2015, Sri Lotus focuses on redevelopment projects in the ultra-luxury segment (3BHK, 4 BHK & over 4 BHK flats and penthouses with a price of over ₹7 crore) and luxury segment (2BHK and 3 BHK flats ranging between ₹3-₹7 crore) in the western of June 30, 2025, the company has four completed projects, five ongoing projects and eleven upcoming projects. It has developed 0.93 million square feet of area consisting of both residential and commercial properties. Of this, 54% belongs to redevelopment projects and the rest is from greenfield from operations, Ebitda and net profit grew 81.5%, 272.4% and 268.3% annually to ₹549.7 crore, ₹289 crore and ₹227.9 crore, respectively between FY23 and FY25. Ebitda margin expanded to 52.6% in FY25 from 12.5% in price per square feet for Lotus Group is ₹68,000 vs ₹55,694 in the Juhu micro-market. Debt-equity ratio is 0.13 compared with 0.12-0.16 for peers. Considering the post-IPO equity and net profit for FY25, the company demands a P/E multiple of up to 32 compared with P/Es between 14 and 127 for peers including Suraj Estate Developers, Arkade Developers, Sunteck Realty, Hubtown and Mahindra Lifespaces.
