December 15, 2020 - December 17, 2020

Mrs. Bectors Food IPO Review & Recommendations

Ajcon Global Services Ltd, Dilip Davda, Rudra Shares & Stock Brokers Ltd and SMC Global have given "Apply" recommendation to Mrs. Bectors Food IPO. Investmentz Ltd has given "May Apply" recommendation to Mrs. Bectors Food IPO. Axis Capital and HDFC Securities Limited have "Not Rated" the IPO.

Mrs. Bectors Food IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	4	1	0	0	2
%	57.14	14.29	0.00	0.00	28.57

Mrs. Bectors Food IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Ajcon Global Services Ltd	Apply
Axis Capital	Not Rated
Dilip Davda	Apply
HDFC Securities Limited	Not Rated
Investmentz Ltd	May Apply
Rudra Shares & Stock Brokers Ltd	Apply
SMC Global	Apply

Mrs. Bectors Food IPO Capital Market Rating

The Captial Market (CapitalMarket.com) rating for Mrs. Bectors Food IPO is 45. Their analysis recommends May subscribe for the IPO.

Reviewer	Rating Score	Rating
Capital Market	45	May subscribe

Mrs. Bectors Food IPO Review by Dilip Davda (Apply)

[Dilip Davda] After posting static performance for FY 18, FY19 and FY20, super performance for H1-FY21 surprises and raises concern. Sustainability of such performance amidst stiff competition from giants and the local players in the segment with organized and unorganized players remains a major worry. Based on FY20 earnings, the issue is priced around 56 P/E while on the basis of FY21 H1 annualized data, P/E is around 22. Thus if we exclude H1 FY 21 super performance, the issue appears fully priced. Since BFSL is in the top few players in the FMCG segment, investors may consider an investment with a medium to long term perspective. Read detail review...

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