Varindera Constructions IPO Review & Recommendations

Varindera Constructions IPO Peer Comparison

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

Notes:

1. NAV is computed as the restated net worth divided by the closing outstanding number of equity shares as of March 31, 2024. Restated net worth means aggregate value of the paid-up share capital including effect of bonus shares and all reserves created out of the profits and 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, but does not include reserves created out of revaluation of assets, write-back of depreciation, each as applicable for the Company on a restated basis.
2. P/E Ratio has been computed based on the closing market price of the equity shares of the peer group identified above, as of September 25, 2024, on www.nseindia.com, divided by the Diluted EPS as of March 31, 2024.
3. RoNW is calculated as Profit for the year divided by net worth calculated on the average of the opening and closing Net worth of the year. Restated Net-worth means: aggregate value of the paid-up share capital and all reserves created out of the profits and 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, but does not include reserves created out of revaluation of assets, write-back of depreciation, each as applicable for the Company on a restated basis.
4. The financial information for our Company is based on the Restated Consolidated Financial Information as of and for the financial year ended March 31, 2024.
5. The financial information for the listed industry peer mentioned above is on a consolidated basis and is sourced from the financial statements for the financial year ending March 31, 2024, submitted to the Stock Exchanges.