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August 13, 2024 - August 16, 2024

Solve Plastic Products IPO Review & Recommendations

Dilip Davda recommend to "Avoid" the IPO.

Solve Plastic Products IPO Review Summary from brokers and analysts

Review By Apply May Apply Neutral Avoid Not Rated
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Solve Plastic Products IPO Analysis By Brokers/Analysts

Reviewer Recommendation Past Reviews
Dilip Davda Avoid

Solve Plastic Products IPO Review by Dilip Davda (Avoid)

[Dilip Davda]  The company is operating in a highly competitive and fragmented segment. It posted inconsistency in its top lines for the reported periods. Based on FY24 super earnings, the issue appears aggressively priced. Post-IPO, small equity base indicates longer gestation period. There is no harm in skipping this pricey and “High Risk/Low Return” bet. Read detail review...

Solve Plastic Products IPO Peer Comparison

Solve Plastic Products Limited peer comparison with similar listed entities. (As on March 31, 2024)

Company NameEPS (Basic)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
Solve Plastic Products Limited4.6614.3119.5232.476.36
Captain Pipes Ltd0.271.7367.8115.6110.58
Rungta Irrigation Ltd4.4743.6022.346.502.29
Dutron Polymers Ltd.4.0844.0542.979.263.98
Aik Pipes And Polymers Ltd6.6934.4624.1215.564.68

Notes:

  1. Considering the nature and size of the business of the Company, the peers may not be exactly comparable. Hence a strict comparison is not possible. However, the above companies have been included for broader comparison.
  2. The above information is based on a fully completed financial year ended on March 31, 2024, on a Restated basis.
  3. Source for Peer Companies: Annual Reports (figures as on March 31, 2024).

Solve Plastic Products IPO Review by Members

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

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Solve Plastic Products IPO Review Summary by Members

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1 Comments

1. American Stock Investors     Link|August 19, 2024 10:18:35 PM
Allotment details live on RTA website!!