April 19, 2023 - April 24, 2023

Retina Paints IPO Review & Recommendations

Dilip Davda recommend to "Avoid" the IPO.

Retina Paints IPO Review Summary from brokers and analysts

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

Retina Paints IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	Avoid

Retina Paints IPO Review by Dilip Davda (Avoid)

[Dilip Davda] The company operates in a highly competitive and fragmented segment with many big players around. The sudden boost in its bottom line for 8M FY23 raises eyebrows and concern over sustainability going forward. Even based on such super earnings, the issue appears aggressively priced while based on its track records so far, the issue appears exorbitantly priced. It has current equity of Rs. 10+ cr. that will rise to around Rs. 14 cr. post IPO, the top line is around Rs. 6+ cr. and wants Rs. 11 cr. from IPO proceeds, isn’t it a big surprise? There is no harm in skipping this pricey issue. Read detail review...

Retina Paints IPO Peer Comparison

Retina Paints Limited peer comparison with similar listed entities. (Standalone) (As on March 31, 2022)

Company Name	EPS (Rs)		NAV (per share) (Rs)	P/E (x)	RoNW (%)
Company Name	EPS Basic		NAV (per share) (Rs)	P/E (x)	RoNW (%)
Retina Paints Limited	0.72	3.29	41.67	5.16
Asian Paints Limited	32.68	143.99	85.56	21.94
Indigo Paints Limited	17.67	135.96	58.24	12.93

Retina Paints IPO Review by Members

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

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Retina Paints IPO Review Summary by Members

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

Member	Review
Golden Nugget	Avoid After 13 years of business operations the business turnover is still languishing at 6Cr. Absolute cheap company. No future. Don't know how this LM took this. April 21, 2023 8:24:22 AM

Member

Review

Golden Nugget

Avoid

After 13 years of business operations the business turnover is still languishing at 6Cr. Absolute cheap company. No future. Don't know how this LM took this.

April 21, 2023 8:24:22 AM

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