August 26, 2024 - August 29, 2024

Indian Phosphate IPO Review & Recommendations

Dilip Davda has given "Apply" recommendation to Indian Phosphate IPO.

Indian Phosphate IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	1	0	0	0	0
%	100.00	0.00	0.00	0.00	0.00

Indian Phosphate IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	Apply

Indian Phosphate IPO Review by Dilip Davda (Apply)

[Dilip Davda] Though the company started as fertilizer products manufacturing and marketing business, it diversified into chemical business with a manufacturing of LABSA and has turned preferred partner by HUL for key ingredient LABSA supplier for its major products like detergents, toiletries, soaps etc. It has established its association with HUL since 2009 and its bond has strengthened with the new chemical plant being earmarked for 100% supply point for HUL, it is poised for bright prospects ahead. Based on FY24 earnings, thought the issue appears relatively fully priced, investors may park funds for medium to long term. Read detail review...

Indian Phosphate IPO Peer Comparison

Indian Phosphate Limited peer comparison with similar listed entities. (As on March 31, 2024)

Company Name	EPS (Basic)	NAV (per share) (Rs)	RoNW (%)	P/BV Ratio	Financial statements
Indian Phosphate Limited	6.65	44.34	15.01	2.25	Consolidated
Rama Phosphates Ltd.	-17.56	199.41	-8.81	0.8	Standalone

Notes:

All the financial information for the listed industry peers mentioned above is on a standalone basis sourced from the Annual Reports/Information of the peer company uploaded on the NSE/BSE website for the year ended March 31, 2024.
The P/E Ratio has been computed based on the closing market price of equity shares on the NSE/BSE on March 28, 2024, divided by the Diluted EPS.
RoNW is computed as net profit after tax divided by the closing net worth. Net worth has been computed as the sum of share capital, reserves, and surplus.
NAV is computed as the closing net worth divided by the closing outstanding number of equity shares adjusted for bonus shares.

Indian Phosphate IPO Review by Members

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

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Indian Phosphate IPO Review Summary by Members

Review By	Apply	May Apply	Neutral	Avoid
Count	1	0	0	0
%	100.00	0.00	0.00	0.00

Member	Review
Confusing Markets. Top Contributor (200+ Posts, 100+ Likes)	Apply for Short Term at Upper Price Band Company appears to be doing satisfactory work. Good they have not manipulated sales although some window dressing appeared in Profits. But that's normal. Only problem Getting allotment from Bigshare is next to possible. Best of luck. August 19, 2024 7:27:47 PM

Member

Review

Confusing Markets.

Top Contributor (200+ Posts, 100+ Likes)

Apply for Short Term at Upper Price Band

Company appears to be doing satisfactory work. Good they have not manipulated sales although some window dressing appeared in Profits. But that's normal. Only problem Getting allotment from Bigshare is next to possible. Best of luck.

August 19, 2024 7:27:47 PM

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