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September 9, 2024 - September 11, 2024

Tolins Tyres IPO Review & Recommendations

Dilip Davda and Indsec Securities have given "Apply" recommendation to Tolins Tyres IPO. Swastika Investmart Ltd has given "May Apply" recommendation to Tolins Tyres IPO. Capital Market has "Neutral" view about the IPO.

Tolins Tyres IPO Review Summary from brokers and analysts

Review By Apply May Apply Neutral Avoid Not Rated
Count 2 1 1 0 0
% 50.00 25.00 25.00 0.00 0.00

Tolins Tyres IPO Analysis By Brokers/Analysts

Reviewer Recommendation Past Reviews
Capital MarketExternal link Neutral
Dilip Davda Apply
Indsec SecuritiesExternal link Apply
Swastika Investmart LtdExternal link May Apply

Tolins Tyres IPO Capital Market Rating

The Captial Market (CapitalMarket.com) rating for Tolins Tyres IPO is 42. Their analysis recommends Avoid, however active risk seekers can try for the IPO.

Reviewer Rating Score Rating
Capital Market 42 Avoid, however active risk seekers can try

Tolins Tyres IPO Review by Dilip Davda (Apply)

[Dilip Davda]  The company is in the business of tyres and tread rubber manufacturing and marketing along with supply of related products. It marked setback for FY23 following market conditions and volatile crude oil and natural rubber prices. It marked improved performance for FY24 following consolidation of activities with added capacities. Based on FY24 earnings, the issue relatively appears fully priced. Investors may park funds for medium to long term. Read detail review...

Tolins Tyres IPO Peer Comparison

Tolins Tyres Limited peer comparison with similar listed entities. (As on March 31, 2024)

Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
Tolins Tyres Limited9.529.5236.825.87Consolidated
Indag Rubber Ltd.6.156.1587.4639.946.792.82Consolidated
Vamshi Rubber Ltd.1.871.8732.5427.944.461.63Standalone
Tvs Srichakra Ltd.140.98140.981,451.5533.769.73.28Consolidated
Grp Ltd.169.78169.781,250.5724.0713.583.27Consolidated
Elgi Rubber Company Limited2.332.3337.9145.126.152.84Consolidated

Source: All the financial information for listed industry peers mentioned above is sourced from the audited financial statements of the relevant companies for Fiscal Year 2024, which are available on the Stock Exchange websites.

Notes:

  • Return on Net Worth (RoNW%) is computed as Restated profit / (loss)for the year attributable to owners of the Company as on March 31, 2024/ Net worth attributable to owners of the Company as on March 31, 2024.
  • Net Worth shall mean the aggregate value of the paid-up share capital and all reserves created out of the profit, securities premium account and debit or credit balance of profit and loss account after deducting the aggregate value of the accumulated losses, deferred expenditure and miscellaneous expenditure not written off, as per the audited balance sheet, but does not include reserves created out of revaluation of assets, write -back of depreciation and amalgamation.
  • NAV is computed as is calculated as Net Worth attributable to owners of the Company as of the end of March 31, 2024, divided by the weighted average number of Equity Shares used in calculating basic earnings per share. The weighted average number of Equity Shares outstanding during the year for the Company is adjusted for bonus issue of Equity Shares and subdivision of equity shares from face value ? 100 each to Rs 5 each after September 30, 2023, per IND AS 33.
  • P/E ratio for industry peers has been calculated as closing share price as of August 23, 2024, sourced from BSE, except for Elgi Rubber Company Limited, which is only listed on NSE whose share price source from NSE divided by diluted EPS as of March 31, 2024.

Tolins Tyres IPO Review by Members

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

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Tolins Tyres IPO Review Summary by Members

Review By Apply May Apply Neutral Avoid
Count 0 1 0 2
% 0.00 33.33 0.00 66.67
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Member Review
Architbhai

Avoid

Much better alternatives to park money in

I Like It. |Report Abuse

September 11, 2024 9:56:29 AM
Dhanvantri

May Apply for Short Term at Cut-off Price

Listing gain will be nominal asIt will be T/T BE Purchase on listing might run to upper circuit.After delivery Sell book profit

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September 8, 2024 12:51:34 PM
chIPOrgarh (300+ Posts)

Avoid

Could list in discount as this clashes with Bajaj.

I Like It. 1|Report Abuse

September 2, 2024 9:05:59 PM

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