December 14, 2023 - December 18, 2023

Siyaram Recycling IPO Review & Recommendations

Dilip Davda has given "May Apply" recommendation to Siyaram Recycling IPO.

Siyaram Recycling 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

Siyaram Recycling IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	May Apply

Siyaram Recycling IPO Review by Dilip Davda (May apply)

[Dilip Davda] The company is engaged in brass products and components. It has posted erratic financial performance so far with bumper profits from FY23 onwards. Based on super annualized FY24 earnings, the issue appears fully priced. Well-informed investors may park funds for the medium term. Read detail review...

Siyaram Recycling IPO Peer Comparison

Siyaram Recycling Industries Limited peer comparison with similar listed entities. (As on March 31, 2023)

Company Name	EPS (Basic)	EPS (Diluted)	NAV (per share) (Rs)	P/E (x)	RoNW (%)
Siyaram Recycling Industries Limited	5.54	5.54	33.63	8.30	16.49
Sprayking Agro Equipment Limited	4.24	4.24		50.63	6.87
Poojawestern Metaliks Limited	1.05	1.05		30.30	8.67

Source -

All the financial information for the listed industry peers mentioned above is sourced from the financial results of the aforesaid companies for the year ending March 31, 2023, and stock exchange data dated September 21, 2023, to compute the corresponding financial ratios.

The EPS, NAV, RoNW and total Income of our Company are taken as per Restated Financial Statement for the F.Y. 2022- 23
RoNW has been computed as net profit after tax divided by closing net worth.

Siyaram Recycling IPO Review by Members

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

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Siyaram Recycling IPO Review Summary by Members

Review By	Apply	May Apply	Neutral	Avoid
Count	0	0	0	0
%

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