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Goldman Sachs, a global investment banking and financial services firm, has a significant presence in India. The company offers a wide range of financial services to various clients, including governments, institutions, and high-net-worth individuals. 

As per the latest corporate shareholdings filed, Goldman Sachs India Limited publicly holds around 41 stocks with a net worth of over Rs. 6,639.8 crores. 

Listed below are such stocks held by Goldman Sachs with a robust order book in FY24:

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TD Power Systems Ltd 

With a market capitalization of Rs. 5,730 crores, the shares of AC generators and Electric motors manufacturing company started Friday’s trading session on a higher note at Rs. 353.20 compared to its previous close of Rs. 349.45 During the trading session, the shares hit a high of Rs. 375, gaining around 6 percent, also recorded as the company’s fresh 52-week high and closed the day at Rs. 367 apiece. 

Looking at the company’s financial performance, the revenue increased by 9 percent from Rs. 243 crores during the December quarter to Rs. 264 crores in the March quarter. On the other hand, the net profits decreased by 3 percent from Rs. 30 crores to Rs. 29 crores during the same period. 

As of March 31, 2024, the company’s order book amounted to Rs. 1,189.5 crores. During the fourth quarter of FY24, total order inflow reached Rs. 289 crores, showing a 23 percent year-on-year growth compared to Rs. 235 crores in Q4FY23. 

Additionally, exports, including deemed exports, experienced a notable 72 percent year-on-year increase in order inflow during Q4FY24. 

According to the latest shareholding pattern, Goldman Sachs has increased their stake by 0.39 percent from 2.33 percent during the December quarter to 2.72 percent in the March quarter. The current value of the investment is Rs. 156 crores. 

Concurrently, DIIs possess 32.36 percent of the stake, while Retail Investors hold the remaining 20.53 percent of the shares. 

Praj Industries Ltd 

With a market capitalization of Rs. 12,856 crores, the shares of an Indian multinational process and project engineering company started Friday’s trading session on a higher note at Rs. 688 compared to its previous close of Rs. 685.70. During the trading session, the shares hit a high of Rs. 711.70, gaining around 3 percent, also recorded as the company’s fresh 52-week high and closed the day at Rs. 700 apiece. 

Coming onto the company’s financial statements, the revenue increased by 23 percent from Rs. 829 crores during the December quarter to Rs. 1,019 crores in the March quarter. In addition, the net profits zoomed by 31 percent from Rs. 72 crores to Rs. 90 crores during the same period. 

As of March 31, 2024, the company has an order book of Rs. 3,855 crores, providing strong revenue visibility for the coming year. and the order intake for the quarter stood at Rs. 924 crores. 

Looking at the order book diversification, the company obtained 76 percent of its orders from the Bioenergy segment, 19 percent from the Engineering segment, and the remaining 5 percent from the HiPurity segment.

According to the latest shareholding pattern, Goldman Sachs has increased their stake by 0.17 percent from 1.45 percent during the December quarter to 1.62 percent in the March quarter. The current value of the investment is Rs. 208.9 crores. 

Concurrently, DIIs possess 13.69 percent of the stake, while Retail Investors hold the remaining 34.64 percent of the shares. 

PNC Infratech Ltd 

With a market capitalization of Rs. 12,145 crores, the shares of the infrastructure company started Friday’s trading session on a higher note at Rs. 482.70 compared to its previous close of Rs. 480.60. During the trading session, the shares hit a low of Rs. 470.65, losing around 2 percent and closed the day at Rs. 474 apiece. 

Looking at the company’s financial statements, the revenue increased by 27 percent from Rs. 2,047 crores during the December quarter to Rs. 2,600 crores during the March quarter. In addition, magnified by 114 percent from Rs. 185 crores to Rs. 396 crores during the same timeframe. 

As of March 31, 2024, the company boasts a substantial order book worth Rs. 15,400 crores, with road EPC projects comprising 76 percent of the total. Additionally, the cumulative value of contracts under execution exceeds Rs. 20,400 crores, inclusive of contracts worth Rs. 4,994 crores where the company holds the leading position (L1), amounting to over 2.7 times the revenue generated in FY24. 

Furthermore, the infrastructure company expects another Rs. 8,000 crores to Rs. 10,000 crores and cumulative order inflow is estimated to be around Rs. 13,000 crores to Rs. 15,000 crores during FY 25. 

According to the latest shareholding pattern, Goldman Sachs has increased their stake by 0.25 percent from 1.97 percent during the December quarter to 2.22 percent in the March quarter. The current value of the investment is Rs. 270.3 crores. 

Concurrently, DIIs possess 26.96 percent of the stake, while Retail Investors hold the remaining 5.12 percent of the shares. 

Written By Vaibhav Patil

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