This is what is in the prospectus "The company is also manufacturing the Glass top LPG Stove in 2/3/4 burner in premium ranges for brands like “Hindware” and “Avaante”"
They are manufactures for these cos, not their own brands.
Umang, are all BSE SME''s going to list in T2T? Or is there any criteria to decide? BTW, what is your view on MHHL, I had got allotted 1 lot. Though MHHL prospects look good, I am worried about broader market weakness and unable to decide whether to hold or sell.
This is called misleading statement - "Company sell it''s product under the brand "Inflame" and Glass top LPG Stove in 2/3/4 burner in premium ranges for brands like “Hindware” and “Avaante”"
1. Newly Incorporated Company. 2. Debt - Equity Ratio is Low. 3. Business Model is Good. 4. Lead Manager track record is good. 5. Valuations are cheap.
Financial Performance :- On the performance front, Inflame Appliance Ltd has posted turnover/net profits of Rs. 3.92 cr. / Rs. 0.06 cr. (FY16) and Rs. 18.06 cr. / Rs.0.46 cr. (FY17). For the period ended on 20th January 2018 it has earned net profit of Rs. 0.80 cr. on a turnover of Rs. 25.42 cr. For last three fiscals, it has posted an average EPS of Rs. 1.06 and an average RoNW of 20.02% on an equity base of Rs. 0.80 crore. Issue is priced at a P/BV of 2.23 on the basis of its post issue NAV of Rs. 24.17. If we annualise latest earnings and attribute it on fully diluted equity post issue, then asking price is at a P/E of around 22.