1 10 Crore Litigation Against Company And 55 Lakhs Against Directors Is Pending 2 4 Crore Tax Demand Pending From 2013 Against The Company 3 264 Lakhs Unsecured Loan Is Outstanding As Of 22-23 4 Post Issue P/E is 17.28 as Per 22-23 Earnings Which Are Significant Compared Last Year, As Per Which Pe Is 51. Upto 2018 The Company Was In Loss 5 From 3 Years Auditor Is Qualifying For Interest And Payment To Msme Enterprises With 426 Lakhs Outstanding From 2 Years 6 Good Operating Cash Flows From Last 2 Years, Before That Was -Ve 7 23-24 Revenue Estimates At 9346.9 lakhs, Increase Of 18.25%, Last Year Increase Was 54.55%. 8 As Per Estimates 3 Yr Revenue CAGR Comes To Around 56% 9 Cash Conversion Cycles Increases From 19 Days In 22-23 To 87 Days In 23-24 As Per Estimates 10 Post Issue NAV Comes Around 9.03. So The Asking Price Is Around 8 Times The Book Value 11 Avg Pat Margin Of Last 2 Years Since The Ratios Improved Comes To 10.5%. On Estimated Revenue Pat Comes To 981.42. Eps Comes At 3.92 And Pe Is 19 12 Constant Improvement In Capacity Utilisation 13 3 Customers Constitue Around 40% Revenue As Of 22-23 14 Last Shares Were Issued In Decemeber 2022 At Rs 10.5 15 80% Revenue From One State Rajasthan Which Is Increasing YoY While For Other States Its Decreasing And Overseas 100% In Sri Lanka Only 16 No Comparable Listed Peers Of The Company 17 LM Past Record Is Not That Good, Some Negative Listings And Not Very Much Positive 18 432 Lakhs Advance Taken For Plant And Machinery From Radhe Renewable, one of the Group Entity 19 10% Suppliers Constitute About 97% Material Supplied From Last 3 Years 20 Post Issue Company Is Looking At Market Cap Of Around 187.4 Crores 21 If Big Competition Is To Be Looked At as company itself has not mentioned much about competition, Klean Industries Inc Another Foreign Player Has Set Up Plants For Recycle Carbon Black In India. Other products in which company operate has private players in competition
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September 14, 2023 3:08:50 PM
Top Contributor (500+ Posts, 100+ Likes)
IPO kaisa hai ye to alag baat... par naam to solid bhari rakha hai company ka... all currently hot /saleable catch words..... Reminds me of Paneer -butter- masala... 😄😄😄