#PREMIERROADLINES #SME #Concall Highlights FY24
1. 3 yr revenue Cagr of 34% , PAT at 101%
Roe at 38%, Roce at 37% , D/E 0.9 times
2. Ipo proceeds for reducing debt and purchasing new vehicles with working capital requirement
3. Every quarter top customer changes as per order
1. 3 yr revenue Cagr of 34% , PAT at 101%
Roe at 38%, Roce at 37% , D/E 0.9 times
2. Ipo proceeds for reducing debt and purchasing new vehicles with working capital requirement
3. Every quarter top customer changes as per order
4. Next FY plans to have a new app for proper customer management
5. Working mostly for private players ( B2B biz ), order procured by quotations and service time
6. 80% accuracy in getting orders/contracts
7. Margins improved in last few yrs due to technological advancement
5. Working mostly for private players ( B2B biz ), order procured by quotations and service time
6. 80% accuracy in getting orders/contracts
7. Margins improved in last few yrs due to technological advancement
8. Company currently don't have knowledge about TAM and current market share
9. Company have some related party transactions from other companies of similar lines but not a competitor
10. Company don't work on order book basis but on contract basis, currently have 100cr contracts
9. Company have some related party transactions from other companies of similar lines but not a competitor
10. Company don't work on order book basis but on contract basis, currently have 100cr contracts
11. Company themselves don't own the trucks, they have good contacts of fleet owners. Acts as a broker between customers and fleet owners and take a pie of bill.
12. FY25-26 revenue CAGR of 35% (past performance) expected with similar margins
13. Entering freight rental biz
12. FY25-26 revenue CAGR of 35% (past performance) expected with similar margins
13. Entering freight rental biz
14. Want to be an asset light model and not purchase a new vehicle
15. H1 will be low as compared to H2 due to rains in H1, 35-65 split in H1-H2
16. Minimum target 10-11% OPM in Fy25
17. RISK - major risk is downturn in Indian economy, no other sightable risk
15. H1 will be low as compared to H2 due to rains in H1, 35-65 split in H1-H2
16. Minimum target 10-11% OPM in Fy25
17. RISK - major risk is downturn in Indian economy, no other sightable risk
18. Target 300 cr revenue in Fy25 ( 229 cr revenue in Fy 24 ) ( in line with 30-35% cagr guided )
19. Most optimistic revenue target can be 330 cr for Fy25
20. 5-7% PAT margins expected in Fy25. Management tends to be very conservative on guiding numbers
19. Most optimistic revenue target can be 330 cr for Fy25
20. 5-7% PAT margins expected in Fy25. Management tends to be very conservative on guiding numbers
21. To add personal fleet of 4-5 cr for higher rental yields
22. Plans to enter Renewable sector including Transformers
23. Expand in international market like Nepal, Bangladesh
24. Increase in fuel prices don't affect company as increase in price will be paid by customer
22. Plans to enter Renewable sector including Transformers
23. Expand in international market like Nepal, Bangladesh
24. Increase in fuel prices don't affect company as increase in price will be paid by customer
Technicals : Gave #IPObasebreakout post results with good volumes and sustaining
Valuations : 21.76 P/E for FY24 , Forward P/E of 16 for 35% PAT growth ( conservative basis )
Don't expect fireworks immediately as good 35-40% move have already occured and management have guided
Valuations : 21.76 P/E for FY24 , Forward P/E of 16 for 35% PAT growth ( conservative basis )
Don't expect fireworks immediately as good 35-40% move have already occured and management have guided
for heavy H2 as H1 results will be softer. !
One of the company linked to GDP and economic growth
Can be next #SJLogistics ! ! !
One of the company linked to GDP and economic growth
Can be next #SJLogistics ! ! !
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