April 8, 2024 - April 10, 2024

Teerth Gopicon IPO Review & Recommendations

Dilip Davda has given "Apply" recommendation to Teerth Gopicon IPO.

Teerth Gopicon IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	1	0	0	0	0
%	100.00	0.00	0.00	0.00	0.00

Teerth Gopicon IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	Apply

Teerth Gopicon IPO Review by Dilip Davda (Apply)

[Dilip Davda] The company is operating in a highly competitive and fragmented segment. Its sudden growth in top and bottom lines from FY23 onwards raise eyebrows. Based on FY24 annualized super earnings, the issue appears fully priced. However, as claimed by the company, it has a pending order book worth Rs. 904+ cr. as of January 31, 2024 that includes high margin water supply projects to the tune of 85%. Considering this, investors may park funds for the medium to long term rewards. Read detail review...

Teerth Gopicon IPO Peer Comparison

Teerth Gopicon 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
Teerth Gopicon Limited	3.58	15.77	31.01	22.72	7.04	Standalone
Conart Engineers Limited	6.29	80.51	13.65	78.11	1.07	Standalone
Brahmaputra Infrastructure Limited	3.76	53.58	18.42	6.99	1.29	Standalone
MBL Infrastructure Ltd	0.55	118.13	103.27	0.47	0.48	Standalone
Tarmat Limited	3.57	61.33	28.35	5.64	1.65	Standalone

Notes:

Considering the nature and size of the business of Teerth Gopicon Limited the peers are not strictly comparable. However, above company is included for broad comparison.
The figures for Teerth Gopicon Limited, are based on the restated standalone financial statements for the year ended March 31, 2023.
The figures are based on the Standalone financial statements for the year ended March 31, 2023 of Conart Engineers Limited, Brahmaputra Infrastructure Limited, MBL Infrastructure Ltd and Tarmat Limited from the Annual reports of the Companies available from the website of the Stock Exchange and website of the Companies.
CMP of the peer group is as per the closing price as available on www.nseindia.com and www.bseindia.com.
The P/E Ratio for the peer has been computed based on the closing market price of respective equity shares as on February 06, 2024 sourced from website of Stock Exchange as divided by the Basic/diluted EPS as applicable.

Teerth Gopicon IPO Review by Members

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

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Teerth Gopicon IPO Review Summary by Members

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

Member	Review
Tenscope Management	May Apply for Short Term at Upper Price Band Very good ipo for short term \| April 6, 2024 1:25:50 PM
sekar Ramaswami	May Apply for Short Term at Upper Price Band Generally all Gujarat based companies STAR shown 4.7 to 5,&GMP also showmore. \| April 4, 2024 6:44:41 PM

Member

Review

Tenscope Management

May Apply for Short Term at Upper Price Band

Very good ipo for short term

April 6, 2024 1:25:50 PM

sekar Ramaswami

May Apply for Short Term at Upper Price Band

Generally all Gujarat based companies STAR shown 4.7 to 5,&GMP also showmore.

April 4, 2024 6:44:41 PM

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