July 4, 2024 - July 8, 2024

Ambey Laboratories IPO Review & Recommendations

Dilip Davda recommend to "Avoid" the IPO.

Ambey Laboratories IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	0	0	0	1	0
%	0.00	0.00	0.00	100.00	0.00

Ambey Laboratories IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	Avoid

Ambey Laboratories IPO Review by Dilip Davda (Avoid)

[Dilip Davda] The company is operating in a highly competitive and fragmented segment of agrochemicals. It has posted inconsistency in its bottom lines for the reported periods. There is some garble in the offer documents on financial data. Based on FY24 annualized super earnings, the issue appears aggressively priced discounting all near term positives. There is no harm in skipping this “High Risk/Low Return” bet. Read detail review...

Ambey Laboratories IPO Peer Comparison

Ambey Laboratories 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
Ambey Laboratories Limited	2.57	2.57	13.32		19.33
Atul Ltd	187.05	187.05	1,555.42	46.90	12.03	4.18	Standalone
Meghmani Organics Ltd.	9.85	9.85	65.11	63.21	15.11	1.33	Standalone

Notes:

Considering the nature and turnover of the Company's business, the peer is not strictly comparable. However, the same have been included for broader comparison.
The figures of Ambey Laboratories Limited are based on the restated results for the year ended March 31, 2023
The figures for the peer group are based on standalone audited results for the respective year ended 104 March 31, 2023.
Current Market Price (CMP) is the closing price of the respective scrip as of January 30, 2024

Ambey Laboratories IPO Review by Members

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

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Ambey Laboratories IPO Review Summary by Members

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