April 8, 2024 - April 10, 2024

DCG Cables & Wires IPO Review & Recommendations

Dilip Davda has given "Apply" recommendation to DCG Cables & Wires IPO.

DCG Cables & Wires IPO Review Summary from brokers and analysts

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

DCG Cables & Wires IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	Apply

DCG Cables & Wires IPO Review by Dilip Davda (Apply)

[Dilip Davda] The company is engaged in the business of manufacturing and marketing of copper cables and other related products like fiber glass covered copper products. Higher spending by the Government of India on energy sector augurs well for the company. As informed by the management, its focus on high margin products earned good rewards with quantum jump in the bottom lines and it hopes to continue the same trends going forward. Based on its FY24 super earnings, the issue appears fully priced. Well-informed investors may park moderate funds for the medium to long term rewards. Read detail review...

DCG Cables & Wires IPO Peer Comparison

DCG Cables & Wires Limited peer comparison with similar listed entities. (As on March 31, 2023)

Company Name	EPS (Basic)	NAV (per share) (Rs)	P/E (x)	RoNW (%)	P/BV Ratio	Financial statements
DCG Cables & Wires Limited	1.31	11.57	15.53	11.23	8.64	Standalone
Cords Cable Industries Ltd.	5.52	123.15	31.92	4.58	1.16
Universal Cables Ltd.	18.21	203.87	30.43	8.93	1.08

Notes:

CMP is as of November 09, 2023.
The PE was calculated from the Financials as of February 29, 2024, source from www.nseindia.com
Considering the nature and size of the business of the company the peers are not strictly comparable. However, the above company is included for broad comparison.
The figures for DCG Cables and Wires Limited are based on the restated standalone financial statements for the year ended March 31, 2023.
The figures are based on the Standalone financial statements for the year ended March 31, 2023, of Cords Cable Industries Limited, and Universal Cables from the Annual reports of the Companies available from the website of the Stock Exchange and the website of the Companies.
CMP of the peer group is as per the closing price as available on www.nseindia.com.
The P/E Ratio for the peer has been computed based on the closing market price of respective equity shares as of November 09, 2023, sourced from the website of the Stock Exchange as divided by the Basic/diluted EPS as applicable.

DCG Cables & Wires IPO Review by Members

DCG Cables & Wires IPO Reviews, analysis and views by popular members. Read DCG Cables & Wires Limited IPO reviews by retail investors to find recommended ipo to buy.

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DCG Cables & Wires IPO Review Summary by Members

Review By	Apply	May Apply	Neutral	Avoid
Count	1	1	0	2
%	25.00	25.00	0.00	50.00

Member	Review
Sanjay parmar	Avoid me avoid this ipo ...... April 5, 2024 6:09:12 PM
Marzi	May Apply for Listing Gain at Cut-off Price Can gain 10-15% short-term listing profit. April 8, 2024 2:36:57 PM
Kailashkumar Vasantray Bhensdadiya	Avoid Highly regulated by Government policies. April 7, 2024 2:51:28 PM
Confusing Markets. Top Contributor (300 Posts, 100+ Likes)	Apply for Short Term at Upper Price Band Reason behind my decision is the product, market and future of Sector. These tranformer wiring is required for every electronics item. As Indian Electricity and Electronics is going to grow manifold in coming 5 years. You can imagine the growth in Demand. Company is planning to enter export market too. This can be lucrative and increase margins further. On loan side figures are on higher side but its always difficult for small companies to initially get finance easily and payment cycles are high 1 April 10, 2024 8:29:11 AM

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