May 31, 2023 - June 5, 2023

Comrade Appliances IPO Review & Recommendations

Dilip Davda recommend to "Avoid" the IPO.

Comrade Appliances IPO Review Summary from brokers and analysts

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

Comrade Appliances IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	Avoid

Comrade Appliances IPO Review by Dilip Davda (Avoid)

[Dilip Davda] The company operates in a highly competitive and fragmented segment with many big players around. The sudden boost in its bottom line for FY23 raises eyebrows and concerns over sustainability going forward. Based on such super earnings, the issue appears aggressively priced. Small equity capital post-IPO indicates a longer gestation period for migration to the mainboard. Its IPO spending to the tune of 22.68% also raises concern. There is no harm in skipping this pricey issue. Read detail review...

Comrade Appliances IPO Peer Comparison

Comrade Appliances Limited peer comparison with similar listed entities. (Standalone) (As on March 31, 2022)

Company Name	EPS (Rs)		NAV (per share) (Rs)	P/E (x)	RoNW (%)
Company Name	EPS Basic	EPS Diluted	NAV (per share) (Rs)	P/E (x)	RoNW (%)
Comrade Appliances Limited	0.99	0.99	12.78		7.71
Dixon Technologies (India) Limited	25.63	25.63	155.41	104.72	21.90
PG Electroplast Limited	15.93	15.93	145.12	85.13	14.82

Comrade Appliances IPO Review by Members

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

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Comrade Appliances IPO Review Summary by Members

Review By	Apply	May Apply	Neutral	Avoid
Count	0	0	0	4
%	0.00	0.00	0.00	100.00

Member	Review
dev rai	Avoid bad balance sheet June 5, 2023 11:54:09 AM
B.M.SURANA IPO Guru (2500+ Posts, 4800+ Likes)	Avoid Fundamental Accha nahi lag reha hai 1 May 31, 2023 9:06:38 PM
IPOse Dukhi Atma	Avoid Financials not so encouraging. Also too much of debt May 26, 2023 5:14:36 PM
Pawan Leo	Avoid Financials seems to be window dressing May 25, 2023 11:16:54 AM

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1 Comments

1. PRIYANSHU ARORA Link|May 26, 2023 7:42:03 PM

Avoid , Financials doesn't reflects healthy books.