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Dilip Davda has given "May Apply" recommendation to Shree Marutinandan Tubes IPO.
Review By | Apply | May Apply | Neutral | Avoid | Not Rated |
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% | 0.00 | 100.00 | 0.00 | 0.00 | 0.00 |
Reviewer | Recommendation | Past Reviews |
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Dilip Davda | May Apply |
[Dilip Davda] The company posted fluctuating bottom lines for the last three fiscals with static top line for the last two fiscals. The sudden boost in its bottom lines for the last 18 months’ periods is not only raise eyebrows, but also concern over the sustainability going forward. H1-FY24 performance appears to be the window dressing and issue appears fully priced based on this performance. Peers compare is nothing but an eyewash. The tiny paid-up equity capital post-IPO indicates longer gestation for migration to main board. Read detail review...
Shree Marutinandan Tubes Limited peer comparison with similar listed entities. (As on March 31, 2023)
Company Name | EPS (Basic) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
---|---|---|---|---|---|---|
Shree Marutinandan Tubes Limited | 8.20 | 130.60 | 17.44 | 75.36 | 1.09 | Standalone |
Swastik Tubes Limited | 4.53 | 89.67 | 17.51 | 4.40 | Standalone | |
Hi Tech Pipes Limited | 2.35 | 28.09 | 33.98 | 7.87 | Standalone | |
APL Apollo Tubes Limited | 18.47 | 13.25 | 65.26 | 19.91 | Standalone |
Notes:
Shree Marutinandan Tubes IPO Reviews, analysis and views by popular members. Read Shree Marutinandan Tubes Limited IPO reviews by retail investors to find recommended ipo to buy.
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% | 0.00 | 0.00 | 100.00 | 0.00 |
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