Safex Chemicals IPO Review & Recommendations

Safex Chemicals IPO Peer Comparison

Safex Chemicals India Limited peer comparison with similar listed entities. (As on March 28, 2025)

All the financial information for listed industry peers mentioned above is on a consolidated basis (unless otherwise noted, available only on a standalone basis). It is sourced from the Financial Information of the respective companies for the year ended March 31, 2025, submitted to stock exchanges.

* Financial information of the Company has been derived from the Restated Consolidated Financial Information.

Notes:

1. Revenue from operations, face value, and earnings per share are as appearing in the Financial Information of the peers.
2. The P/E ratio for the listed industry peers has been calculated based on the closing market price of equity shares on the NSE as of July 1, 2025, divided by the diluted earnings per share for the year ended March 31, 2025.
3. NAV per share is calculated as total asset value divided by the total number of outstanding equity shares as of March 31, 2025, where total asset value is calculated as total assets minus total liabilities of the peer.
4. RoNW is calculated as net profit after taxation and minority interest attributable to the equity shareholders of the Company, divided by net worth at the end of that year.