May 3, 2024 - May 7, 2024

Slone Infosystems IPO Review & Recommendations

Dilip Davda has given "May Apply" recommendation to Slone Infosystems IPO.

Slone Infosystems 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

Slone Infosystems IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	May Apply

Slone Infosystems IPO Review by Dilip Davda (May apply)

[Dilip Davda] The company is operating in a highly competitive and fragmented segment. After average growth with negligible profits for FY21 to FY23, it posted bumper profits with high turnover. The sudden growth in 9M-FY24 is attributed to high margin contracts in installation and rentals and as per management, this trends are expected to continue with more inflow of similar orders that are under pipelines. Based on FY24 annualized earnings, the issue is sully priced but based on FY23 earnings its aggressively priced. Small equity base post-IPO indicates longer gestation period. Well-informed investors may park moderate funds for the medium to long term rewards. Read detail review...

Slone Infosystems IPO Peer Comparison

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

Company Name	EPS (Basic)	EPS (Diluted)	P/E (x)	RoNW (%)	Financial statements
Slone Infosystems Limited	4.05	4.05	19.51	35.47	Standalone
Brisk Technovision Ltd	9.24	9.24	14.61	38.62	Standalone
Benchmark Computer Solutions Ltd	1,959.31	1,959.31	0.03	15.20	Standalone

Source: The Company's Financial Figures are based on restated standalone audited financial statements for the financial year ended on March 31, 2023, unless provided otherwise. With respect to Industry peers, all the financial information mentioned above is on a standalone basis and is sourced from the audited results of the respective companies for the year ended March 31, 2023 unless provided otherwise. @ Book Value has been considered as at December 31, 2023

Notes for peer group:

a) P/E Ratio has been computed based on the closing market price of equity shares on BSE on April 23, 2024 divided by the Basic EPS as at March 31, 2023.

b) Return on Net Worth (%) = net profit after tax divided by net worth. Net worth has been computed as the aggregate of share capital and reserves and surplus/Other Equity as on March 31, 2023.

c) NAV is computed as NAV is computed as the closing net worth as on March 31, 2023 divided by the outstanding number of equity shares as on March 31, 2023.

Slone Infosystems IPO Review by Members

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

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Slone Infosystems IPO Review Summary by Members

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