Tarachand infra logistics CMP-175 ( 14/jan / 24) MKT CAP – 248 crore P/E -21 Promoter holding – 73.3%

It serves India’s infrastructural & industrial
needs through Warehousing,
Transportation, Equipment Rental, &
Turnkey Infra-Project Execution. With 35+
years’ experience, we’re a top Steel
Warehousing & Transport entity, handling
10M+ tons of Steel annually.
Our fleet of 300
Machines includes Heavy Cranes (up to
800MT), Hydraulic Piling Rigs, Steel
Processing, & Concrete Equipment. We’ve
contributed significantly to High-Speed
Bullet Train & Metro Line projects across
cities like Ahmedabad, Delhi, Mumbai,&
more
Our team of experts & modern
equipment serve sectors like Power, Oil &
Gas, Renewable Energy, & Urban & Rural
Infrastructure. We cater to 52 diverse
customers, spanning PSUs to Indian
multinationals, operating in 21 states &
even internationally in Mauritius.
Our capable team of 627 members, plus 300 contract workers, manage operations across 50+ cities Sectoral service offering Railway infrastructure Oil & gas Power Road & highway Cement.
Growth strategy
Focus on acquisition of large tonnage cranes & higher capacity pillingrigs & aerial platform,cont capacity addition, cont pursuing opportunities to take up EPC projects, civil & mechanical construction of building
Birds eye views insight One of the largest steel logistics services provider in the country with handling of 9.45 million tonness fy 22-23, Introduce first of its kind ZOOMLION ZCC5800(500MT),crwaler crane with highest configuration of 84+84 with superlift Derrick
Expanded steel logistics vertical with addition of nagpur stockyard under 7 year contract with rashtriya ispat nigam ltd
expanded operations to the j&k, Assam ,Kerala Odisha
Highest ever dispatch of 121 rakes steel by rail from central dispatch yard of vizag steel in march23( you can get idea also how steel demand is)
Leadership Mr Ajay Kumar is whole time director of tarachand, since inception,varoius client relationship & manages finance in his 30 years of experience, Himanshu Agrawal is excutive director &also currently chief financial officer,associated with company since 2017
Mr vinay kumar managing director,he also associated with company since inception ,he is pioneer in getting a number of innovative features implemented in material handling equipment,he is real driver behind the company for think new act now
You can watch video of this giant https://youtu.be/1ryXQKm26lg?si=ZrFUCLfaYXblegXf… Another video of tarachand delivery https://youtube.com/watch?v=CFpnHeFdC1A&feature=shared…

Profit & loss
OPM margin is v good
EPS growth is fantastic

Recently company gives presentation at alpha ideas sme 2023

2023 Alpha Ideas SME Stars -Tara Chand Infralogistic Solutions Ltd

Financial highlight and esteemed customer

Running project, client,& city, fleet size , geographical presence.

Industry outlook

Segment wise revenue mix

Financial highlight with B/S

Cash flow Is continuously increasing

Recently bag order from SAIL for 4.5 Years of 20 crore

Peer comparison
!Sanghvi mover is available at good valuation , good OPM ,
ACE construction
Thesis If you bullish on infra capex than this type proxy can good play, heavy investment & construction , it’s at present fairly valued, first’ time concall
Anti thesis
Demand of industrial production if someone down cycle comes it’s become heavy affected, other also some very good brands than tarachand can able to get to capture higher market share leading to loss, client concentrate L&T
Disc I m not sebi registered
Pl consultant your financial advisor before investing,
No buy & sell reco,
Invested & biased
first investment at dec 23
no transcation last 15 days

Hi , TPA mediassist healthcare is up for IPO being first of its kind in stock market I think a healthy discussion would be welcome to discuss the sector. Company has more than 40% market share with presence in almost all hospitals and working for all health insurance companies.

Ratios of company is also comfortable:
Avg ROCE (3yrs) – 22 %
ROE- 19%
EBDITA- 21%
Debt negligible
Premium wise it controls more than 50% of total market share
Revenue of company is 500Cr + (25% CAGR since 2021)

With increase in health insurance awareness and increasing organized sector employments revenue in sector will increase

But , the commsion %age has decreased to 3.3% due to competition.
Huge tech spending required along with staff cost.

Can any friend having knowledge of sector throw some more light on it

(Very new to Valuepickr hence may not know the unsaid rules of flow of writing)

Well, NCC is in EPC, and as far as I understand you must look at the D/E for sure before even considering the valuations. You may use Price/CFO and P/E. Further one can utilize using EV/EBITDA considering asset-heavy business.

can anyone please share the some thoughts on the leadership commentary of Mtar , where they could not walk the talk and not able to keep pace with both the top and bottom line, as per their predictions ?
Since company is into a niche sector and finding something under a billion mcap is rare , however how much heed one should attach to what the management has said and were not delivered ?

TAR wrote an amazing article on DreamFolks – I urge everyone to read that article to understand the weakness in the business model.

• The biggest risk is that the company doesn’t have any bargaining power – either with it’s suppliers (airport lounge operators) OR with it’s buyers (banks / CC issuers / telecom operators)
• The IP looks quite simple to replicate. They don’t have a lot of backend engineers to manage the ‘technology platform’. What stops other bigger players (Priority Pass) to build this?
• It already has a market share of 95% in the card based lounge access market. So, the only room to grow is MORE PASSENGER TRAFFIC. International markets are not that easy to capture.

Positives that I am seeing right now:

• It is trying to add new business streams (Visa services, E-SIM, Golf services)
• Collaborated with Plaza Premium Group to include >340 lounges in its network

New streams will take time to contribute to the topline + this partnership with Plaza – I’m not really sure how much benefit they will derive from it because they haven’t partnered with foreign banks / card issuers. So only if you use a domestic card in an international lounge, will it benefit DreamFolks (as per my understanding).

Disclosure: Small position in the stock, comtemplating to sell if the stock zooms further

Wrote a detailed article on this topic – DreamFolks Services : A play on lounges