February 15, 2024 - February 20, 2024

Thaai Casting IPO Review & Recommendations

Dilip Davda has given "Apply" recommendation to Thaai Casting IPO.

Thaai Casting 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

Thaai Casting IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	Apply

Thaai Casting IPO Review by Dilip Davda (Apply)

[Dilip Davda] TCL is a distinguished automotive ancillary company and has posted growth in its top and bottom lines for the reported periods. The management is confident of improving the trends established so far. Based on FY24 annualized earnings, the issue appears fully priced. Investors may park funds for the medium to long term rewards. The closing date is extended by a day to February 20, 2024 due to Bank Holiday on February 19, 2024. Read detail review...

Thaai Casting IPO Peer Comparison

Thaai Casting Ltd 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 (%)	P/BV Ratio	Financial statements
Thaai Casting Ltd	2.96	2.96	9.51	25.99	40.10		Standalone
Endurance Technologies Ltd	29.07	29.07	236.81	41.98	12.28	6.90
Electro Steel Casting Limited	5.63	5.63	718.17	16.70	7.84	0.16

Source: All the financial information for listed industry peers mentioned above is sourced from the Annual Reports of the aforesaid companies for the year ended March 31, 2023 and stock exchange data dated November 30, 2023 to compute the corresponding financial ratios for the financial year ended March 31, 2023.

P/E figures for the peers are based on closing market prices of equity shares on BSE on November 30, 2023 divided by the Basic EPS as at March 31, 2023
Basic and Diluted EPS refers to the Basic and Diluted EPS sourced from the Annual Reports for FY 22-23 of the listed peer companies.
Return on Net Worth (%) for listed industry peers has been computed based on the Net Profit After Tax for the year ended March 31, 2023 divided by Total Equity as on March 31, 2023.
NAV per share for listed peers is computed as the Total Equity as on March 31, 2023 divided by the outstanding number of equity shares as on March 31, 2023. ,

Thaai Casting IPO Review by Members

Thaai Casting IPO Reviews, analysis and views by popular members. Read Thaai Casting Ltd IPO reviews by retail investors to find recommended ipo to buy.

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Thaai Casting IPO Review Summary by Members

Review By	Apply	May Apply	Neutral	Avoid
Count	2	0	1	1
%	50.00	0.00	25.00	25.00

Member	Review
NITAL SHAH	Apply for Listing Gain at Upper Price Band HOW MUCH SHARES APPLY TO QIB OFFERES PARTCIPENT. February 19, 2024 4:00:02 PM
Architbhai	Avoid Risky February 19, 2024 9:50:33 AM
B.M.SURANA Chennai	Apply for Listing Gain at Cut-off Price Strong Buyers in GM Sell Subject to & Apply February 19, 2024 7:21:20 AM
sekar Ramaswami	Neutral P/bv very much high. February 18, 2024 4:02:26 PM

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