August 21, 2023 - August 23, 2023

Sungarner Energies IPO Review & Recommendations

Dilip Davda has given "May Apply" recommendation to Sungarner Energies IPO.

Sungarner Energies 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

Sungarner Energies IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	May Apply

Sungarner Energies IPO Review by Dilip Davda (May apply)

[Dilip Davda] The company operates in a highly competitive and fragmented segment. It reported an average financial performance and its IPO price discounts all near-term positives. The small paid-up equity capital indicates a longer gestation period for migration. Well-informed investors may park funds for long-term rewards. Read detail review...

Sungarner Energies IPO Peer Comparison

Sungarner Energies Limited peer comparison with similar listed entities. (Standalone) (As on March 31, 2023)

Company Name	EPS (Rs)	NAV (per share) (Rs)	P/E (x)	RoNW (%)
Company Name	EPS Basic	NAV (per share) (Rs)	P/E (x)	RoNW (%)
Sungarner Energies Limited	6.35	19.09	13.07	23.18
Insolation Energy Limited	0.76	23.20	41.70	12.72
Veer Energy & Infrastructure Limited	0.02	42.56	310.00	0.04
V Guard Industries Limited	4.15	36.74	65.91	12.56

Notes:

Considering the nature and turnover of business of the company the peer are not strictly comparable. However, the same have been included for broader comparison.
The figures for Sungarner Energies Limited are based on the restated results for the year ended March 31, 2023.
The figures for the peer group are based on standalone audited results for the respective year ended March 31, 2023.

Sungarner Energies IPO Review by Members

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

Post Recommendation Manage Your IPO Reviews

Sungarner Energies IPO Review Summary by Members

Review By	Apply	May Apply	Neutral	Avoid
Count	2	0	0	0
%	100.00	0.00	0.00	0.00

Member	Review
CA Lokanath Mohanty	Apply for Long Term at Upper Price Band PE ratio is lower than industry PE ratio. However Return on net worth of current year is reduces from previous year,Revenue and Profit after taxes increases YOY basis. August 22, 2023 4:39:58 PM
Dibesh Agarwala	Apply for Long Term at Upper Price Band Another solar player.. 1 August 20, 2023 2:35:47 AM

Member

Review

CA Lokanath Mohanty

Apply for Long Term at Upper Price Band

PE ratio is lower than industry PE ratio. However Return on net worth of current year is reduces from previous year,Revenue and Profit after taxes increases YOY basis.

August 22, 2023 4:39:58 PM

Dibesh Agarwala

Apply for Long Term at Upper Price Band

Another solar player..

August 20, 2023 2:35:47 AM

Post Recommendation Manage Recommendations

Note:

The recommendations or analysis of public issues posted above expresses the views of its author and does not represent the views of Chittorgarh.com or its staff.
We reserve the right to remove any objectionable post without providing a reason.