Kirloskar Electric has collaborated with the Nuclear Power Corporation of India (NPCIL) to develop special motors.
May be thereās a lot promised in budget speech but much less done on papers ā¦ hence, subdued growth.
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can you share a link of it? Thanks
Itās given on their website in Nuclear section.
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February 06, 2025, approved the Un-audited (Reviewed) Financial Results for the Quarter and
Nine Months ended on December 31, 2024
When I entered the company, I thought it will be a turn around after restructuring as initially the losses are narrowing. However the recent results are kept disappointing. I believe, Iām being lucky to enter early rather than convinced about the exact time frame of structural turnaround. The recent QIP and no commentary from the management is not adding any confidence. Further, the recent drawdown in micro cap companies and hot themes is reminder to learn more. So I decided to admit my luck and exit the counter. May be the real turn around happens in coming quarters.
Disc: No holdings
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In terms of seeing a turnaround, one usually sees himself few quarters ahead of time. If both conviction and margin of safety is high, it usually pays off to wait for a few quarters more.
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Pls check the facts. AK has not reduced the stake. Itās coz of the warrants conversion, the stake %age has reduced.
Yes, Ajay Upadhaya has exited.
Subhkam Ventures group have added up quantities.
Walchandnagar Industries approved acquiring a 60.3% stake in Aicitta Intelligent Technology, a defense R&D firm, for up to ā¹16 crore.
The investment, via equity and preference shares, will be completed in tranches over 31 months.
ā Acquiring Aicitta to diversify defense business and expand in unmanned systems.
ā Aicitta specializes in R&D for the defense industry.
ā Financials:
- FY22: ā¹1.15 Lakh
- FY23: ā¹82,823
- FY24: ā¹4,250
ā Strategic move to enhance capabilities and drive future growth.
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Yes, but couldnāt find a website or LinkedIn corp page for AICITTA INTELLIGENT TECHNOLOGY.
They should have some online presence.
https://www.zaubacorp.com/AICITTA-INTELLIGENT-TECHNOLOGY-PRIVATE-LIMITED-U72900KA2018PTC116004
Founded in 2018 it seems.
Peer Analysis by Companyā¦not seen by any other companies doing so..especially for defence and aerospace.
One thing, I couldnāt understand, How to decide the valuation of this company that has same capabilities as L&T. Or itās Just an record from the history, because the last **Acquisition of Aicitta doesnāt seem well for me, as they accquired company that is degrowing or with no revenues for 16Cr.
Disc: No holdings.
Source: https://www.bseindia.com/xml-data/corpfiling/AttachLive/2640d907-f72c-4def-89ed-87458b612ee8.pdf
The acquisition may be for the technology rather than adding to their income statement. Not sure but just my thoughts.
Walchandnagar Industriesā Growth Push: ā¹38.49 Cr Capex & Clean Fund Utilization | MCap 1,434.19 Cr
- ā¹38.49 crores allocated for capital expenditure, signaling growth plans.
- Total funds raised: ā¹247.59 crores (ā¹213.54 crores from investors, ā¹31.59 crores adjusted against loans).
- Funds raised via Fully Convertible Equity Warrants on November 03, 2023.
- Utilization as of March 31, 2025: ā¹31.59 Cr (promoter loan repayment), ā¹45 Cr (term loan repayment), ā¹38.49 Cr (capex), ā¹60.90 Cr (working capital), ā¹20 Cr (general purposes).
- Audit Committee review on May 14, 2025, confirmed no deviations in fund usage.
Horror show continuesā¦
I have few friends who worked in this company in the late 90s and early 2000ās and they said that working there felt like working in a large PSU company. Product technical complexity is fairly high but no focus on cost budgets and timelines. Its relic of the past era and financials bear that truth time and again.
Company continues to disappoint its ardent followers and dreams of investors have turned into nightmaresā¦ 
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