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Financials of RNIT Solutions & Services Unlisted Shares are updated for 2023

Financials of RNIT Solutions & Services Unlisted Shares are updated for 2021

Financials of RNIT Solutions & Services Unlisted Shares are updated for 2022

https://www.thehindu.com/news/national/telangana/facial-recognition-attendance-results-in-savings-for-ghmc/article68313276.ece

RNIT AI-Powered Facial Recognition: A Game Changer for GHMC 🤖

The Greater Hyderabad Municipal Corporation (GHMC) is making waves with its innovative use of Facial Recognition Systems (FRS)!  This technology has brought about some impressive results:

📈  Savings:
Annual expenditure on the RNIT FRS system has dropped from ₹1.93 crore to ₹67 lakh! 💸 
Overall wage expenditure has decreased from ₹33.5 crore to ₹31 crore, thanks to the elimination of fake attendance! 💰

👨‍💼  Improved Efficiency:
RNIT  FRS has made tracking the actual number of workers on the field easier, leading to more efficient staff deployment. 🗺️ 
Accurate attendance records allow for better resource allocation and planning. 📊

🤝  Transparency & Accountability:
RNIT FRS has eliminated the loopholes in the previous attendance system, ensuring transparency and accountability. 🔐 
The system has helped to identify and weed out fraudulent practices, promoting a fair and honest work environment.  🤝

#GHMC #FRS #Innovation #SmartCity #Telangana #Hyderabad

Expected Valuation of Spray Engineerring
 
The Estimated revenue of FY24 is INR 600 Cr+ and PAT of INR 50+ Cr. 

Total Share Outstanding after recent Pre-IPO round = ~2.5 Cr

Current Market Price in Unlisted = INR 550 per share

Mcap = 550*2.5 = ~INR 1400 Cr

P/E = 27x ( based on FY24 expected PAT of 50 Cr )

Spray Engineering Devices Ltd - Pre-IPO Round

- Innovative Ventures : Pioneering the establishment of the first boiler-less ethanol plant in India, showcasing commitment to cutting-edge technologies and sustainable practices.

- Business Verticals : Distinguished player in providing  energy efficient solutions to Sugar, Bio-Refinery, Distillery, Jaggery, Biofuel, Water, and Bio-Based Green Chemicals sectors.

- Global Presence : Executed 80+ international sugar projects in 40+ countries, demonstrating global competence.

- Domestic Footprint : Completed *450+* sugar projects domestically which includes (Dalmia, Bajaj, Triveni, Birla, DCM Shriram etc) and *200+* water projects for diverse industries including Tata Chemicals, CIPLA, Dr. Reddy's, Hero Cycles etc.

- Financial Strength : Revenue CAGR of 51.55% (*216cr/400cr/613cr*) &  CAGR of *92.11%* (15 cr/33cr/63cr)  in Profit after Tax(PAT) from past 3 years for FY22, Fy23 and FY24. 

- Intellectual Property : Boasts 42+ innovation patents, *56+* design patents, *15* trademarks, and 16+ copyrights, showcasing innovation and brand strength.

Financials of Spray Engineering Devices Unlisted Shares are updated for 2021

Private Placement of ~25 Lac Shares at INR 287/Share

Financials of Spray Engineering Devices Unlisted Shares are updated for 2022