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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 MarketExternal link 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 NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
Vibhor Steel Tubes Limited14.8514.8565.7110.1722.602.30Consolidated
Apl Apollo Tubes Ltd.23.1523.15108.3764.8821.36Consolidated
Hi-tech Pipes Limited3.062.1832.7147.919.01Consolidated
Goodluck India Ltd33.3133.31227.4731.0114.16Consolidated
Rama Steel Tubes Ltd1.221.165.3737.7510.97Consolidated

Notes:

  1. Vibhor Steel Tubes Limited figures are based on restated consolidated financial statements for the year ended March 31, 2023.
  2. The peer group figures are based on audited consolidated financial statements for the year ended March 31, 2023.
  3. 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.
  4. Based on the offer price to be determined after completion of the book-building process and the basic EPS of the company.
  5. Return on net worth (%) = Net profit after tax * 100 / Net worth at the end of the year.
  6. 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
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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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