December 19, 2023 - December 21, 2023

Electro Force India IPO Review & Recommendations

Dilip Davda recommend to "Avoid" the IPO.

Electro Force India 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

Electro Force India IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	Avoid

Electro Force India IPO Review by Dilip Davda (Avoid)

[Dilip Davda] The company operates in a highly competitive and fragmented segment. It marked fluctuating trends in its top and bottom lines for the reported periods. Based on annualized super earnings of FY24, the issue appears fully priced. The sustainability of such margins going forward is a major concern. There is no harm in skipping this dicey IPO. Read detail review...

Electro Force India IPO Peer Comparison

Electro Force (India) 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 (%)	Closing price as on period ended	P/BV Ratio
Electro Force (India) Limited	4.60	4.60	10.55	20.22	43.57	93.00	8.82
Centum Electronics Limited	7.62		158.37	191.78	31.77	1,461.40	9.23
RIR Power Electronics Limited	8.69		47.59	100.74	18.08	875.45	18.40

Notes:

Data for Centum Electronics Limited and RIRI Power Electronics Limited is sourced from Consolidated Financials from the Annual Report for FY 2023.
RONW / EPS / NAV etc. is adjusted for face value.
The P/E Ratio is computed by dividing the closing market price on December 01, 2023, on BSE by EPS.
Electro Force financials are based on March 31, 2023.

Electro Force India IPO Review by Members

Electro Force India IPO Reviews, analysis and views by popular members. Read Electro Force (India) Limited IPO reviews by retail investors to find recommended ipo to buy.

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Electro Force India IPO Review Summary by Members

Review By	Apply	May Apply	Neutral	Avoid
Count	1	0	0	1
%	50.00	0.00	0.00	50.00

Member	Review
Rajeshalc	Avoid Very high valuation . Low profit . December 17, 2023 4:21:05 PM
South India Investor	Apply for Long Term at Cut-off Price Good and Healthy company and bright future. December 14, 2023 1:21:08 PM

Member

Review

Rajeshalc

Avoid

Very high valuation . Low profit .

December 17, 2023 4:21:05 PM

South India Investor

Apply for Long Term at Cut-off Price

Good and Healthy company and bright future.

December 14, 2023 1:21:08 PM

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