September 29, 2023 - October 5, 2023

Karnika Industries IPO Review & Recommendations

Dilip Davda has given "May Apply" recommendation to Karnika Industries IPO.

Karnika Industries 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

Karnika Industries IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	May Apply

Karnika Industries IPO Review by Dilip Davda (May apply)

[Dilip Davda] The company is engaged in the trading and marketing of kids' wear that is procured on a job-work basis from a third party. It marked growth in its top lines, but the bottom got boosted for FY22 and FY23, which raised eyebrows. Based on FY23 earnings, the issue appears fully priced. Well-informed investors may park funds for long-term rewards. Read detail review...

Karnika Industries IPO Peer Comparison

Karnika Industries Limited peer comparison with similar listed entities. (Standalone) (As on March 31, 2023)

Company Name	EPS (Rs)		NAV (per share) (Rs)	P/E (x)	RoNW (%)
Company Name	EPS Basic	EPS Diluted	NAV (per share) (Rs)	P/E (x)	RoNW (%)
Karnika Industries Limited	9.66	9.66	19.85	7.57	45.76
S.P. Apparels Limited	36.02		269.03	8.91	12.62
Veekayem Fashion and Apparels Limited	3.44		63.34	11.67	4.68

Notes:

Financial information for Karnika Industries Limited is derived from the Restated Financial Statements as of and for the Fiscal 2023.
All the financial information for listed industry peers mentioned above is sourced from the financial statements of the relevant companies for Fiscal 2023
Basic and Diluted Earnings per share (EPS) is calculated on the weighted average number of shares after considering the Bonus Issue of Shares.
Price Earning (P/E) Ratio in relation to the Issue Price of ₹76/- per share.

Karnika Industries IPO Review by Members

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

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Karnika Industries IPO Review Summary by Members

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Count	0	0	0	0
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