March 15, 2024 - March 19, 2024

Enfuse Solutions IPO Review & Recommendations

Dilip Davda has given "May Apply" recommendation to Enfuse Solutions IPO.

Enfuse Solutions 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

Enfuse Solutions IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	May Apply

Enfuse Solutions IPO Review by Dilip Davda (May apply)

[Dilip Davda] The company is operating in a highly competitive segment of integrated digital solution providing. It marked growth in its top and bottom lines for the reported periods, but sudden surge in its bottom lines raises eyebrows. Based on its FY24 annualized earnings, the issue appears fully priced. The financial performance for the last 21 months appears to have been fabricated to match the asking price. Well-informed investors may park funds for the medium to long term rewards. Read detail review...

Enfuse Solutions IPO Peer Comparison

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

Company Name	EPS (Basic)	EPS (Diluted)	P/E (x)	RoNW (%)
Enfuse Solutions Limited	4.50	4.50		45.21
Vertexplus Technologies Limited	4.71	4.71	36.43	8.36
eClerx Services Limited	97.15	97.15	25.06	28.50
Systango Technologies Limited	12.76	12.76	26.76	22.70

Notes:

Source: All the financial information for listed industry peers mentioned above is sourced from the Annual Reports of the aforesaid companies for the year ended March 31, 2023 and stock exchange data dated March 07, 2024, to compute the corresponding financial ratios. ForEnfuse Solutions Limited, the company has taken Current Market Price as the issue price of equity share.
Further, the P/E Ratio is based on the current market price of the respective scrips.
The EPS and RoNW of the Company are taken as per the Restated Financial Statement for the Financial Year 2022-23.
RoNW has been computed as net profit after tax divided by closing net worth.

Enfuse Solutions IPO Review by Members

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

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Enfuse Solutions IPO Review Summary by Members

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Count	0	0	0	0
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