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July 3, 2024 - July 5, 2024

Bansal Wire IPO Review & Recommendations

Dilip Davda has given "May Apply" recommendation to Bansal Wire IPO.

Bansal Wire IPO Review Summary from brokers and analysts

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

Bansal Wire IPO Analysis By Brokers/Analysts

Reviewer Recommendation Past Reviews
Dilip Davda May Apply

Bansal Wire IPO Review by Dilip Davda (May apply)

[Dilip Davda]  The company is operating in a highly competitive and fragmented segment of metal wires. It has posted steady growth in its top and bottom lines for the reported periods. Post-IPO, reduced debt will help in improving its bottom lines. Based on FY24 earnings, the issue appears aggressively priced. Well-informed investors may park moderate fund for long term. Read detail review...

Bansal Wire IPO Peer Comparison

Bansal Wire Industries Limited peer comparison with similar listed entities. (As on March 31, 2024)

Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
Bansal Wire Industries Limited6.186.1833.1441.4118.46
Rajratan Global Wire Ltd.14.1514.1597.0335.8815.417.66
DP Wires Limited23.4323.43145.9319.2917.39
Bedmutha Industries Ltd.6.286.2837.2338.6519.04

Notes:

  1. The listed industry peer P/E ratio mentioned above is computed based on the closing market price of equity shares on NSE on June 4, 2024, divided by the Diluted EPS for the financial year ended March 31, 2024
  2. Net Worth has been defined under Regulation 2(1)(hh) of the SEBI ICDR Regulations as the aggregate value of the paid-up share capital and all reserves created out of the profits and securities premium account and debit or credit balance of profit and loss account, after deducting the aggregate value of the accumulated losses, deferred expenditure and miscellaneous expenditure not written off, as per the audited balance sheet, but does not include reserves created out of revaluation of assets, write-back of depreciation and amalgamation.
  3. Return on Net Worth means the net profit after tax attributable to company owners, as restated divided by restated net worth at the end of the year/period.
  4. Net Asset Value per Equity Share represents net worth at the end of the year/period, as restated, divided by the number of Equity Shares outstanding at the end of the year/period after taking effect of bonus shares and split of equity shares.

Bansal Wire IPO Review by Members

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

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Bansal Wire IPO Review Summary by Members

Review By Apply May Apply Neutral Avoid
Count 1 0 2 0
% 33.33 0.00 66.67 0.00
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Member Review
Amit Singh Sengar

Apply for Listing Gain at Cut-off Price

Extensive Product Range: The company offers over 3000 SKUs of iron and steel wires under its "Bansal" brand, including High Carbon, Mild Steel, and Stainless Steel wires.
Market Leadership: It uniquely operates across all three wire categories with no direct competitor.
Diverse Industry Supply: Serves various industries such as automotive, cables, fencing, infrastructure, consumer durables, and agriculture.
Positive GMP: The company's GMP is at 25%.

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June 29, 2024 4:00:26 PM
chIPOrgarh (200+ Posts)

Neutral

Valuation is expensive. 150-175 range would've been good bet.

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June 28, 2024 10:42:53 AM
Professōr
Top Contributor Top Contributor (500+ Posts, 100+ Likes)

Neutral

Very low PAT also borrowing increasing every quarter

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June 28, 2024 10:18:03 AM

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