June 25, 2024 - June 27, 2024

Divine Power IPO Review & Recommendations

Dilip Davda has given "May Apply" recommendation to Divine Power IPO.

Divine Power 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

Divine Power IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	May Apply

Divine Power IPO Review by Dilip Davda (May apply)

[Dilip Davda] The company is operating in a highly competitive and fragmented segment of bare copper/aluminium wires/strips etc. It marked growth in top lines for the reported periods, but the sudden boost in its bottom line for FY24 raise eyebrows. Based on FY24 super earnings, the issue appears fully priced. Well-informed investors may park moderate fund for long term. Read detail review...

Divine Power IPO Peer Comparison

Divine Power Energy peer comparison with similar listed entities. (As on March 31, 2024)

Company Name	EPS (Basic)	EPS (Diluted)	NAV (per share) (Rs)	P/E (x)	RoNW (%)	Financial statements
Divine Power Energy	4.06	4.06	16.20		25.06
Shera Energy Limited	5.21	5.21	56.02	34.17	11.00	Consolidated
Bhagyanagar India Ltd.	14.29	14.29	60.44	7.63	23.65	Consolidated
Rajnandini Metal Limited	0.55	0.55	2.05	19.49	26.87	Consolidated
Ram Ratna Wires Ltd.	11.88	11.88	98.20	32.83	12.64	Consolidated
Precision Wires India Ltd.	4.08	4.08	28.35	33.60	14.39	Consolidated

Note:

The peer group figures based on audited consolidated financials as on and for the year ended March 31, 2024.
P/E figures for the peer are computed based on the closing market price of relevant peer companies as of June 13, 2024, as available at NSE (available at www.nseindia.com) divided by the Basic EPS for FY 2024 reported in the filings made with stock exchanges.
Based on the Issue Price to be determined on the conclusion of the book building process and the basic EPS of our Company
Return on net worth (%) = Net profit after tax * 100 / Net worth at the end of the year
Net Asset value per share = Net worth at the end of the year / No. of shares outstanding at the end of the year.

Divine Power IPO Review by Members

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

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Divine Power IPO Review Summary by Members

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Count	0	0	0	0
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