Adon Agro Commodities IPO Review & Recommendations

Source: All the financial information for listed industry peers mentioned above is on a consolidated basis (unless otherwise available only on standalone basis) and is sourced from the annual reports / annual results as available of the respective company for the year ended March 31, 2025 submitted to Stock Exchanges and The Company's financial information mentioned above is for the financial year ended March 31, 2025.

Notes:

1. Net Asset Value per Equity Share is calculated as net worth attributable to equity shareholders as at the end of Fiscal period/year divided by the outstanding number of Equity Shares used in calculating basic earnings per share.
2. The price band determined by our company in consultation with the Book Running Lead Manager is justified by the Company in consultation with the Book Running Lead Manager on the basis of the above parameters.
3. P/E Ratio has been computed based on the closing market price of equity shares on BSE on March 02, 2026 divided by the Diluted EPS provided.
4. Return on Net Worth is computed as restated net profit/(loss) after tax attributable to equity holders of the Company divided by Average Net Worth for Equity Shareholders of the Company.