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August 9, 2018 - August 17, 2018

Powerful Technologies IPO Review & Recommendations

Dilip Davda has given "May Apply" recommendation to Powerful Technologies IPO.

Powerful Technologies IPO Review Summary from brokers and analysts

Review By Apply May Apply Neutral Avoid Not Rated
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Powerful Technologies IPO Analysis By Brokers/Analysts

Reviewer Recommendation Past Reviews
Dilip Davda May Apply

Powerful Technologies IPO Review by Dilip Davda (May apply)

[Dilip Davda]  

While management has clarified that due to many product launch in concluded fiscal, it has posted higher turnover and net profits, its happening in the year just before IPO raises concerns. Will it be able to sustain such margins going forward in the highly competitive and cheap Chinese products dumping, is a million dollar question. With no change in financial data for FY16 to FY18 how the new LM found higher valuation compared to the previous LM it perhaps a matter of ddiscussion. Although issue pricing appears reasonable, sustainability of bottom line in highly competitive segment remains major concern. In light of these, risk savvy investors may consider investment at their own risk.

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