Dhanwel Hybrid Seeds IPO Review & Recommendations

Notes:

• The figures of Dhanwel Hybrid Seeds Limited are based on financial statements as restated as on March 31,2026.
• Considering the nature and size of business of the Company, the peers are not strictly comparable. However same have been included for broad comparison.
• Current Market Price (CMP) and PE ratio is taken at the closing price of peer group scrips as on May 19th, 2026.
• The figures for the peer group are based on the standalone audited financials for the year.