Horizon Reclaim (India) IPO Review & Recommendations

Notes:

1. P/E figures for the peers are based on closing market prices of equity shares on NSE on May 25, 2026 divided by the Diluted EPS as at March 31, 2026.
2. Basic and Diluted EPS refers to the Basic and Diluted EPS sourced from the Annual Reports for FY 25-26 of the listed peer company.
3. Return on Net Worth (%) for listed industry peer has been computed based on the Net Profit After Tax for the year ended March 31, 2026 divided by Total Equity as on March 31, 2026.
4. NAV per share for listed peer is sourced from the Annual Reports for F.Y. 25-26of the listed peer company.