July 5, 2024 - July 9, 2024

Ganesh Green Bharat IPO Review & Recommendations

Dilip Davda has given "Apply" recommendation to Ganesh Green Bharat IPO. Hem Securities has "Not Rated" the IPO.

Ganesh Green Bharat IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	1	0	0	0	1
%	50.00	0.00	0.00	0.00	50.00

Ganesh Green Bharat IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	Apply
Hem Securities	Not Rated

Ganesh Green Bharat IPO Review by Dilip Davda (Apply)

[Dilip Davda] The company is engaged in solar, electrical goods, and water supply scheme related business and service providing. It posted inconsistency in its top lines for the reported periods, but marked sudden boost for FY24 in its top and bottom lines. Based on super earnings for FY24, the issue appears fully priced. Off late rising fancy for these segments from the investors have boosted such counters on the bourses. This company is poised for bright prospects ahead. Investors may park funds for the medium to long term. Read detail review...

Ganesh Green Bharat IPO Peer Comparison

Ganesh Green Bharat Limited peer comparison with similar listed entities. (As on March 31, 2024)

Company Name	EPS (Basic)	EPS (Diluted)	P/E (x)	RoNW (%)	Financial statements
Ganesh Green Bharat Limited	10.92	10.92		34.72	Consolidated
Solex Energy Limited	10.92	10.92	133.86	18.89	Consolidated
Waaree Renewable Technologies Limited	14.22	14.22	131.91	63.80	Consolidated
Zodiac Energy Limited	7.50	7.50	94.15	23.17	Consolidated

Notes:

Source-All the financial information for listed industry peer Solex Energy Limited , Zodiac Energy Limited and Waaree Renewable Technologies Limited is sourced from their audited financial results for the year ended March 31, 2024
Market Price for the listed peer mentioned above is sourced from stock exchange data dated June 27, 2024 to compute the corresponding financial ratios. For Ganesh Green Bharat Limited, they have taken Current Market Price as the issue price of equity share. 85
Further, P/E Ratio is based on the current market price of the respective scrips.
The EPS, NAV, RoNW and Total Income of the Company are taken as per Restated Financial Statement for the Financial Year 2023-24 as adjusted with the effect of Bonus Issue.
NAV per share is computed as the closing net worth divided by the closing outstanding number of paid-up equity shares as adjusted with the effect of Bonus Issue.
P/E Ratio of the peer company Solex Energy Limited , Zodiac Energy Limited and Waaree Renewable Technologies Limited is based on the audited financial results of the company for the year ended March 31, 2024 and stock exchange data dated June 27, 2024
RoNW has been computed as net profit after tax divided by closing net worth.
Net worth has been computed in the manner as specifies in Regulation 2(1) (hh) of SEBI (ICDR) Regulations, 2018.

Ganesh Green Bharat IPO Review by Members

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

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Ganesh Green Bharat IPO Review Summary by Members

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

Member	Review
SMEmitra	Apply for Short Term at Cut-off Price Parameter : Score (0-5) Promotors/Sr. Management & Work Ethics : 4 Company Financials : 3 Segment Growth Opportunity : 3 Asking Valuation (compared with Peers) : 5 Lead Manager's past performance : 5 Consolidated Score : 4 July 4, 2024 7:22:05 PM
bipinkumar	Apply for Listing Gain at Cut-off Price Solar Energy sector 1 July 3, 2024 10:19:45 AM
Dhanvantri	Apply for Listing Gain at Upper Price Band Green Energy and Drones shares are favorite hence expect bumper listing and upper circuit off and on.Apply 1 July 3, 2024 7:38:30 AM
AJ ipoking	Apply for Long Term at Cut-off Price Company has a good orderbook and fundamentals and its a HEM ipo. 1 July 1, 2024 2:02:44 PM

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1 Comments

1. Rajeev Saxena PNB Link|July 3, 2024 4:59:49 PM

It is surprise to note that Mr. Dilip Davda have not given there review on Ganesh Green Bharat Ltd. Why it's so ?