In today’s briefing:
- DAM Capital Pre-IPO Tearsheet
- RPPL: Scaling Up Well With Consistent Execution
- Narrative and Numbers | Industrials (VOLT, JCHAC, HAVL, BLSTR) | FY24
DAM Capital Pre-IPO Tearsheet
- DAM Capital (930970Z IN) is looking to raise at least US$100m in its upcoming India IPO. The deal will be run by Nuvama Wealth.
- DAM Capital provides a range of financial solutions in investment banking comprising equity capital markets, mergers and acquisitions, private equity, structured finance advisory; and institutional equities comprising broking and research.
- According to CRISIL, DAM Capital was the fastest growing investment bank in India by revenue CAGR from FY22-24 along with the highest profit margin in FY24.
RPPL: Scaling Up Well With Consistent Execution
- RPPL reported a strong Q1FY25 led by margin improvement. EBITDA margin rose to 14.7% vs 13.5% QoQ and 12.0% YoY. Stability in raw material pricing and operating efficiencies helped margins.
- While growth in overall revenues was average at 8.3% YoY, growth in high-margin packaging products segment, which contributes 80% of total revenues, was strong at 16% YoY.
- Exports at INR 9.2cr were below the INR 10cr+ run-rate, however, the growth momentum is intact. RPPL is in process of finalizing an export contract with a major global distributor.
Narrative and Numbers | Industrials (VOLT, JCHAC, HAVL, BLSTR) | FY24
- This Insight focuses on Industrials, particularly those that derive a significant portion of their revenue from Air Conditioners (ACs).
- Companies in focus are Voltas Ltd (VOLT IN), Johnson Controls-Hitachi Air Conditioning India (JCHAC IN),
- Blue Star Ltd (BLSTR IN) and Havells India (HAVL IN)
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