March 26, 2024 - March 28, 2024

Vruddhi Engineering Works IPO Review & Recommendations

Dilip Davda recommend to "Avoid" the IPO.

Vruddhi Engineering Works IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
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Vruddhi Engineering Works IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	Avoid

Vruddhi Engineering Works IPO Review by Dilip Davda (Avoid)

[Dilip Davda] The company is operating on third party contract basis and has no own manufacturing unit. It marked boosted top and bottom lines from FY23 onwards. Based on annualized super earnings for FY24, the issue appears aggressively priced. Post-IPO, it has a tiny equity capital indicating longer gestation period for migration to mainboard. There is no harm in skipping this pricey issue. Read detail review...

Vruddhi Engineering Works IPO Peer Comparison

Vruddhi Engineering Works 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
Vruddhi Engineering Works Limited	242.66	242.66	42.71		35.51	1.64
Shiv Aum Steels Limited	10.53	10.53	70.40	29.63	14.95		Consolidated
Sru Steels Ltd	0.87	0.87	11.09	11.47	5.26		Consolidated

Notes:

Net Asset Value per Equity Share is calculated as net worth attributable to equity shareholders as at the end of Fiscal period/year divided by the weighted average number of Equity Shares used in calculating basic earnings per share.
All the financial information for listed industry peers mentioned above is on a consolidated basis (unless otherwise available only on standalone basis) and is sourced from the annual reports / annual results as available of the respective company for the year ended March 31, 2022 submitted to Stock Exchanges.
The P/E Ratio has been computed based on the closing market price of equity shares on BSE Ltd/NSE on July 28, 2023 divided by the Diluted EPS for the year ended March 31, 2023 except for Shiv Aum Steels Limited the last trading closing price was taken i.e., June 23, 2023.
Return on Net Worth is computed as restated net profit/(loss) after tax attributable to equity holders of our Company divided by restated Net Worth for Equity Shareholders of our Company

Vruddhi Engineering Works IPO Review by Members

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

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Vruddhi Engineering Works IPO Review Summary by Members

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