In today’s briefing:
- Raymond Lifestyle: Governance Crisis?
- SMPP Ltd Pre-IPO – In the Right Space (Defence), at the Right Time but Growth Has Been Inconsistent
- Ravi Infrabuild Projects Ltd Pre-IPO Tearsheet
- Biocon Biologics – Earnings Flash – Q4 And FY 2024-25 Results – Lucror Analytics
- UPL Limited – Earnings Flash – FY 2024-25 Results – Lucror Analytics
Raymond Lifestyle: Governance Crisis?
- Raymond Lifestyle’s stock plummets 60% in six months post-demerger, due to lots of governance lapses.
- Corporate Governance Crisis: CEO,CFO, Director Resignations, Delayed disclosures, Controversial Remuneration and Many More.
- The company gave excuses such as inflation, an IT incident, etc. in their management meeting after not being able to deliver the performance.
SMPP Ltd Pre-IPO – In the Right Space (Defence), at the Right Time but Growth Has Been Inconsistent
- SMPP Ltd is planning to raise about US$476m through its upcoming IPO in India.
- SMPP Ltd. designs and manufactures defence equipment, specialising in ammunition components and personal protection products for the Indian armed forces, police, and security agencies.
- In this note, we look at the company’s past performance.
Ravi Infrabuild Projects Ltd Pre-IPO Tearsheet
- Ravi Infrabuild Projects Ltd (1607447D IN) (RIPL) is looking to raise about US$178m in its upcoming India IPO. The bookrunners for the deal are Axis, Motilal.
- RIPL is one of the leading infrastructure construction firms in India, experienced in executing structural projects such as flyovers, bridges, railways, highways, and expressways.
- RIPL had grown 16.6x in terms of its average order size, reaching INR2,577m (as on Dec 2024), as per the company.
Biocon Biologics – Earnings Flash – Q4 And FY 2024-25 Results – Lucror Analytics
- Biocon Limited’s Q4 and FY 2024-25 results were solid in our view, with robust growth, stable profitability, as well as improved working capital and cash flows.
- The balance sheet has strengthened, and liquidity is adequate.
UPL Limited – Earnings Flash – FY 2024-25 Results – Lucror Analytics
- UPL Limited’s Q4 and FY 2024-25 results reflected robust revenue growth, substantial margin expansion, a return to profitability and significant debt reduction.
- This was supported by strong operational execution and strategic initiatives across its global markets.
- Leverage improved significantly, on account of much lower net debt and higher earnings.
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