November 29, 2023 - December 1, 2023

Deepak Chemtex IPO Review & Recommendations

Dilip Davda has given "May Apply" recommendation to Deepak Chemtex IPO.

Deepak Chemtex 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

Deepak Chemtex IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	May Apply

Deepak Chemtex IPO Review by Dilip Davda (May apply)

[Dilip Davda] The company is operating in a highly competitive and fragmented segment of colorants. It posted inconsistency in its top lines for the reported periods, but its bottom line marked boosted trends from FY23 onwards, that raises concern over the sustainability. Based on FY24 super annualized earnings, the issue appears fully priced. Well informed investors may park funds for the medium term. Read detail review...

Deepak Chemtex IPO Peer Comparison

Deepak Chemtex Limited peer comparison with similar listed entities. (As on March 31, 2023)

Company Name	EPS (Basic)	EPS (Diluted)	P/E (x)	RoNW (%)
Deepak Chemtex Limited	7.89	7.89		40.17
Vidhi Specialty Food Ingredients Limited	7.55	7.55	56.62	15.04
Vipul Organics Limited	1.47	1.47	90.31	3.53
Kiri Industries Limited	20.67	20.67	13.00	3.98

Notes:

All the financial information for listed industry peers mentioned above is sourced from the Annual Reports of the aforesaid companies for the year ended March 31, 2023, and stock exchange data dated September 22, 2023, to compute the corresponding financial ratios.
The P/E Ratio is based on the current market price of the respective scrips.
The EPS and RoNW of the company are taken as per the Restated Financial Statement for the Financial Year 2022-23.
RoNW has been computed as net profit after tax divided by closing net worth.

Deepak Chemtex IPO Review by Members

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

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Deepak Chemtex IPO Review Summary by Members

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

Member	Review
ANEES	May Apply for Listing Gain at Cut-off Price pros: Growing GMP, High Subscription rates cons: No news about the company, even the directors photo is not there in public domain, website is incomplete, social media links in website direct to wrong pages, No media presence, Why plant is in Ratnagiri and office in Chennai? November 30, 2023 4:49:09 PM
Mani Kasi	Neutral Apply for listing gain November 30, 2023 11:07:12 AM
SHARMA PRADEEP KUMAR	Avoid HALAL - "The manufacturing unit has also received a HALAL certificate which guarantees that the food is prepared per Islamic law" This company is promoting islamic Jihad and terrorism November 29, 2023 11:45:18 AM
Ustad Khaan	Neutral not much expected, LM interesting last time same industry YCCL below IPO price and much better than this. may be I am wrong kindly please your own research 2 November 26, 2023 12:48:46 PM

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