Vivek Chadha ๐Ÿš€๐Ÿ‡ฎ๐Ÿ‡ณ
Vivek Chadha ๐Ÿš€๐Ÿ‡ฎ๐Ÿ‡ณ

@VivekChadha1996

11 Tweets 12 reads Jan 24, 2024
Presstonic Engineering-established as a partnership firm in 1996 by Mr. Herga Kedilaya and Mr. Yermal Giridhar Rao
Mcap-135 Cr
PE- 50
Orderbook-68cr+
Business- manufactures products for Metro Rail Rolling Stock, Metro Rail Signalling, and Infrastructure
#PresstonicEngineering
Manufacturing Unit- situated in Bangalore spans approximately 28000 sq.ft. & is equipped with advanced machinery capable of producing a diverse range of railway & metro products.
Raised money for capex towards the purchase of additional plant & machinery.
#PresstonicEngineering
Products-
1- Rolling Stock Products-
โ€”Interiorโ€”
Stainless steel saloon Bucket type seat ,Custom handles, Grab Pole System, handrail system, Ramps, Partition Panels
All are useful and small components made of stainless steel, should be having good demand.
#PresstonicEngineering
โ€”Rolling Stock Non-Interior Productsโ€”
Aluminium Driver Simulator Cabin
Stainless steel Cab Handrail
Stainless steel Battery Box
Stainless steel Under carriage frame module
Air handling unit
Aluminium Gangway frame
Stainless steel Enclosure box
#PresstonicEngineering
2-Railway Signalling Products
IP Rated Enclosures, Beacon Mounting Brackets, Ballast less Support Bracket, DCS Mast, Ladder Assembly with DCS Mast Platform, etc.
Railways Focus on improving signalling will be beneficial for them.
#PresstonicEngineering
3-Infrastructure Products-
Steel Structure and Aluminum Murals, Support Structure for Solar Panels, Wire Form, and Cable Trays, etc.
Revenue Generation -
Metro rail network in India set to leave US behind, to become 2nd largest in world
The best part is an opportunity to export as already doing an export to Australia & South Korea.
Any export to Africa or EU would be big opportunity for them.
#Presstonic
Strong tailwinds & huge growth opportunities-
Indiaโ€™s metro network is expanding at an unprecedented pace and is likely to surpass that of the US in the next couple of years
As cities continue to grow, the expansion of metro rail projects remains a cornerstone of development
Might be a Big Beneficiary of Vandhe Bharat- Till now, the country operates 34 Vande Bharat train services across the Indian Railways
PM Modi's plan to run 64-75 Vande Bharat by 2024 (Attached routes)
I am Pretty sure later this number will be multiplied
#PresstonicEngineering
The company has received certifications, including ISO 9001:2015 for the quality management & EN 15085-2 Certification level CL2 for welding of railway vehicles and components.
Future Plans- Certification from MTIC Intercert India Private Limited for EU
#PresstonicEngineering
Key Risk Factors- Please do your due diligence.
Raw Material Agreement Price โŒ
Customer Concentration โŒ
Execution RiskโŒ
No Moat โŒ
This is not an investment advice, Do your analysis and take a call.
Disclaimer- Invested & Biased
#PresstonicEngineering
Vande Bharat Sleeper Train Enters Production Stage; BEML To Roll Out New Indian Railways Train In Early 2024
The recent order (worth 2.3cr) of Air ducts for Vande Bharat from BEML was small in amount,but we can see couple of same in future
#Presstonic
m.economictimes.com

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