February 13, 2024 - February 15, 2024

Vibhor Steel Tubes IPO Review & Recommendations

Dilip Davda has given "May Apply" recommendation to Vibhor Steel Tubes IPO. Capital Market has "Neutral" view about the IPO.

Vibhor Steel Tubes IPO Review Summary from brokers and analysts

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

Vibhor Steel Tubes IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Capital Market	Neutral
Dilip Davda	May Apply

Vibhor Steel Tubes IPO Capital Market Rating

The Captial Market (CapitalMarket.com) rating for Vibhor Steel Tubes IPO is 44. Their analysis recommends Avoid, however active risk seekers can try for the IPO.

Reviewer	Rating Score	Rating
Capital Market	44	Avoid, however active risk seekers can try

Vibhor Steel Tubes IPO Review by Dilip Davda (May apply)

[Dilip Davda] The company is primary supplier of tubes and pipes to Jindal Pipes Ltd. and has a long term contract of around 6 years as of now. Asa claimed by the management, this contract is not exclusive and the company has liberty to sell products in the open markets. The company has posted growth in its top and bottom lines for the reported periods. Based on FY24 annualized earnings, the issue appears fully priced. Well-informed investors may park funds for the medium term. Read detail review...

Vibhor Steel Tubes IPO Peer Comparison

Vibhor Steel Tubes Limited 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
Vibhor Steel Tubes Limited	14.85	14.85	65.71	10.17	22.60	2.30	Consolidated
Apl Apollo Tubes Ltd.	23.15	23.15	108.37	64.88	21.36		Consolidated
Hi-tech Pipes Limited	3.06	2.18	32.71	47.91	9.01		Consolidated
Goodluck India Ltd	33.31	33.31	227.47	31.01	14.16		Consolidated
Rama Steel Tubes Ltd	1.22	1.16	5.37	37.75	10.97		Consolidated

Notes:

Vibhor Steel Tubes Limited figures are based on restated consolidated financial statements for the year ended March 31, 2023.
The peer group figures are based on audited consolidated financial statements for the year ended March 31, 2023.
P/E figures for the peer is computed based on the closing market price as on January 24, 2024, of relevant peer companies as available at BSE divided by Basic EPS for the period September 30, 2023 reported in the filings made with stock exchanges.
Based on the offer price to be determined after completion of the book-building process and the basic EPS of the company.
Return on net worth (%) = Net profit after tax * 100 / Net worth at the end of the year.
Net asset value per share = Net worth at year end / No. of shares outstanding at year-end.

Vibhor Steel Tubes IPO Review by Members

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

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Vibhor Steel Tubes IPO Review Summary by Members

Review By	Apply	May Apply	Neutral	Avoid
Count	1	0	0	0
%	100.00	0.00	0.00	0.00

Member	Review
Pirani Sumit	Apply for Long Term at Cut-off Price It is totally fresh issue the money will go into the company and no ofs it is positive sign and company is expanding its company in odisha February 8, 2024 1:39:13 PM

Member

Review

Pirani Sumit

Apply for Long Term at Cut-off Price

It is totally fresh issue the money will go into the company and no ofs it is positive sign and company is expanding its company in odisha

February 8, 2024 1:39:13 PM

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