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Anand Rathi, Arihant Capital Markets Ltd, BP Equities (BP Wealth), Dilip Davda, Geojit Securities Ltd, Hem Securities, Reliance Securities, Stoxbox by BP Equities Pvt Ltd, Swastika Investmart Ltd and Ventura Securities Limited have given "Apply" recommendation to JG Chemicals IPO. Capital Market has "Neutral" view about the IPO. Axis Capital and Keynote Capitals Ltd have "Not Rated" the IPO.
Review By | Apply | May Apply | Neutral | Avoid | Not Rated |
---|---|---|---|---|---|
Count | 10 | 0 | 1 | 0 | 2 |
% | 76.92 | 0.00 | 7.69 | 0.00 | 15.38 |
Reviewer | Recommendation | Past Reviews |
---|---|---|
Anand Rathi | Apply | |
Arihant Capital Markets Ltd | Apply | |
Axis Capital | Not Rated | |
BP Equities (BP Wealth) | Apply | |
Capital Market | Neutral | |
Dilip Davda | Apply | |
Geojit Securities Ltd | Apply | |
Hem Securities | Apply | |
Keynote Capitals Ltd | Not Rated | |
Reliance Securities | Apply | |
Stoxbox by BP Equities Pvt Ltd | Apply | |
Swastika Investmart Ltd | Apply | |
Ventura Securities Limited | Apply |
The Captial Market (CapitalMarket.com) rating for JG Chemicals IPO is 42. Their analysis recommends Avoid, however active risk seekers can try for the IPO.
Reviewer | Rating Score | Rating |
---|---|---|
Capital Market | 42 | Avoid, however active risk seekers can try |
[Dilip Davda] The company is India’s largest zinc oxide manufacturer serving to almost all top tyre manufacturing companies globally. After posting growth in its top and bottom lines for FY21 to FY23, it marked degrowth for 9M-FY24 on account of drastic fall in zinc oxide prices globally. As the reversal in trends are witnessed, the company will be back on track soon. Though based on FY24 annualized earnings, the issue appears fully priced, it is worth considering for the medium to long term rewards. Read detail review...
JG Chemicals 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 (%) | P/BV Ratio | Financial statements |
---|---|---|---|---|---|---|---|
JG Chemicals Limited | 63.02 | 27.49 | 3.51 | Consolidated | |||
Rajratan Global Wire Ltd. | 19.72 | 19.72 | 86.54 | 33.43 | 22.79 | 7.62 | Consolidated |
Nocil Ltd. | 8.95 | 8.92 | 93.14 | 30.97 | 9.61 | 2.98 | Consolidated |
Yasho Industries Ltd | 59.54 | 59.54 | 208.75 | 30.03 | 28.52 | 8.56 | Consolidated |
Notes:
JG Chemicals IPO Reviews, analysis and views by popular members. Read JG Chemicals Limited IPO reviews by retail investors to find recommended ipo to buy.
Post Recommendation Manage Your IPO Reviews
Review By | Apply | May Apply | Neutral | Avoid |
---|---|---|---|---|
Count | 1 | 0 | 0 | 0 |
% | 100.00 | 0.00 | 0.00 | 0.00 |
Member | Review |
---|---|
VM IPO INVESTOR |
Apply for Long Term at Upper Price Band Revenue and PAT growth from 2021 to 2023 is fanta fabulous. Debt free company but don’t apply for listing gain as there is no space left in terms of valuation, but this company will get their customers the return they want in long term (Around 5 Years). So apply for long term as market always respect some unique businesses. March 5, 2024 2:27:08 PM |
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