December 19, 2023 - December 21, 2023

Shanti Spintex IPO Review & Recommendations

Dilip Davda has given "May Apply" recommendation to Shanti Spintex IPO.

Shanti Spintex 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

Shanti Spintex IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	May Apply

Shanti Spintex IPO Review by Dilip Davda (May apply)

[Dilip Davda] The company is operating in a highly competitive and fragmented segment. The company has posted growth in its top and bottom lines for the reported periods. Based onFY2 annualized earnings, the issue appears reasonably priced. Well-informed investors may park funds for the medium to long term rewards. Read detail review...

Shanti Spintex IPO Peer Comparison

Shanti Spintex Limited peer comparison with similar listed entities. (As on March 31, 2023)

Company Name	EPS (Basic)	EPS (Diluted)	P/E (x)	RoNW (%)
Shanti Spintex Limited	7.13	7.13	9.81	18.07
Jindal Worldwide Ltd	5.77	5.77	56.03	17.80
R&B Denims Limited	2.21	2.21	17.35	19.48
Manomay Tex India Limited	8.72	8.72	15.77	11.17
United Polyfab Gujarat Ltd	2.56	2.56	36.19	8.60

Notes:

All the financial information for listed industry peers is sourced from the Annual Reports Shanti Spintex Limited of the aforesaid companies for the year ended March 31, 2023, and stock exchange data dated 07.12.2023 to compute the corresponding financial ratios.
The P/E Ratio is based on the current market price of the respective scrips.
The EPS, NAV, and RoNW, of Shanti Spintex Limited, are taken as per the Restated Financial Statement for the Financial Year 2022-23.
NAV per share is computed as the closing net worth divided by the weighted average number of paid-up equity shares as of March 31, 2023.
RoNW has been computed as net profit after tax divided by closing net worth.

Shanti Spintex IPO Review by Members

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

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Shanti Spintex IPO Review Summary by Members

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

Member	Review
Rajeshalc	Apply for Long Term at Upper Price Band PE around 11 Consistent Growth in revenue & profit Good lead manager December 17, 2023 1:29:55 PM

Member

Review

Rajeshalc

Apply for Long Term at Upper Price Band

PE around 11
Consistent Growth in revenue & profit
Good lead manager

December 17, 2023 1:29:55 PM

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