November 29, 2023 - December 1, 2023

AMIC Forging IPO Review & Recommendations

Dilip Davda has given "May Apply" recommendation to AMIC Forging IPO.

AMIC Forging IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	0	1	0	0	0
%	0.00	100.00	0.00	0.00	0.00

AMIC Forging IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	May Apply

AMIC Forging IPO Review by Dilip Davda (May apply)

[Dilip Davda] The company is operating in a highly competitive segment with many big players around. The sudden boost in its profit margins from FY23 raises eyebrows and concern over sustainability. Based on its supper annualized FY24 earnings, the issue appears fully priced. Well-informed investors may park funds for the medium to long-term rewards. Read detail review...

AMIC Forging IPO Peer Comparison

AMIC Forging Limited peer comparison with similar listed entities. (As on March 31, 2023)

Company Name	EPS (Basic)	EPS (Diluted)	NAV (per share) (Rs)	P/E (x)	RoNW (%)	Financial statements
AMIC Forging Limited	12.83	12.83	25.98	1.01	49.40	Consolidated
Maiden Forgings Limited	9.21		40.00	10.42	23.59
Ramkrishna Forgings Limited	4.81		85.16	139.21	18.77

Notes:

The figures of Amic Forging Limited are based on consolidated financial statements as restated as of March 31, 2023.
Considering the nature and size of the business of the Company, the peers are not strictly comparable. However same has been included for broad comparison.
The figures for the peer group are based on the audited financials for the year ended March 31, 2023.

AMIC Forging IPO Review by Members

AMIC Forging IPO Reviews, analysis and views by popular members. Read AMIC Forging Limited IPO reviews by retail investors to find recommended ipo to buy.

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AMIC Forging IPO Review Summary by Members

Review By	Apply	May Apply	Neutral	Avoid
Count	2	0	0	0
%	100.00	0.00	0.00	0.00

Member	Review
BINI	Apply for Long Term at Cut-off Price Hold November 25, 2023 12:49:44 AM
Mr G	Apply for Long Term at Upper Price Band a very good company in this field in WB. a good financials constant growth in the pat and borrowings is decreasing. so should apply for a minimum of one lot or high as per the capacity of the individual or hni November 24, 2023 12:25:51 PM

Member

Review

BINI

Apply for Long Term at Cut-off Price

Hold

November 25, 2023 12:49:44 AM

Mr G

Apply for Long Term at Upper Price Band

a very good company in this field in WB. a good financials constant growth in the pat and borrowings is decreasing. so should apply for a minimum of one lot or high as per the capacity of the individual or hni

November 24, 2023 12:25:51 PM

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