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Dilip Davda has given "Apply" recommendation to Trust Fintech IPO.
| 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 |
| Reviewer | Recommendation | Past Reviews |
|---|---|---|
| Dilip Davda | Apply |  |
[Dilip Davda] The company enjoys niche place in BFSI segment with its timely and tested solutions/products. It posted inconsistency in its top and bottom lines from FY21-FY23. BFSI solutions segment has turned highly competitive with many players around. Based on FY24 annualized super earnings, the issue appears reasonably priced, while on FY23 earnings basis, its overpriced. The sustainability of margins posted for H1-FY24 raise concern over its sustainability. However, investors may park funds for the medium to long term rewards. Read detail review...
Trust Fintech Limited peer comparison with similar listed entities. (As on September 30, 2023)
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | Financial statements |
|---|---|---|---|---|---|---|
| Trust Fintech Limited | 14.04 | 14.04 | 51.04 | 27.51 | ||
| Network People Services Technologies Limited | 15.72 | 15.72 | 59.58 | 17.18 | 30.18 | Standalone |
| Veefin Solutions Ltd | 0.17 | 0.17 | 31.11 | 220.95 | 0.79 | Standalone |
Notes:
P/E calculation based on annualised EPS reported in Sept 23 financials and closing market price prevailing for Veefin Solutions Limited and Network People Services Technologies Limited on result declaration date i.e. 6 November 2023 and 20th Oct 2023 respectively. #There are no close peer companies of Trust Fintech Limited as none of the listed companies in this space deals in core banking products. However, for comparison purpose we have compared the captioned companies who are in Fintech Businesses.
All the financial information for listed industry peer mentioned above is on a standalone basis and is sourced from the filings made with stock exchanges available on www.bseindia.com and www.nseindia.com and has also been extracted from www.moneycontrol.com , www.screener.in for the Period ended on September 30,2023. Source for Trust Fintech Limited: Based on the restated financial statements of the Company for the period ended the September 30, 2023.
Trust Fintech IPO Reviews, analysis and views by popular members. Read Trust Fintech Limited IPO reviews by retail investors to find recommended ipo to buy.
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| Review By | Apply | May Apply | Neutral | Avoid |
|---|---|---|---|---|
| Count | 2 | 0 | 0 | 0 |
| % | 100.00 | 0.00 | 0.00 | 0.00 |
| Member | Review |
|---|---|
| SMEIPOrocks |
Apply for Long Term at Upper Price Band The clear reasons are:
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| ValueStockPicker |
Apply for Long Term at Upper Price Band TRUST's SME IPO is a standout investment, showcasing:
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