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July 26, 2024 - July 30, 2024

Esprit Stones IPO Review & Recommendations

Dilip Davda has given "May Apply" recommendation to Esprit Stones IPO.

Esprit Stones IPO Review Summary from brokers and analysts

Review By Apply May Apply Neutral Avoid Not Rated
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Esprit Stones IPO Analysis By Brokers/Analysts

Reviewer Recommendation Past Reviews
Dilip Davda May Apply

Esprit Stones IPO Review by Dilip Davda (May apply)

[Dilip Davda]  The company is in a highly competitive and fragmented segment. It posted de-growth in its bottom lines for the reported periods. It has made tall claims that does not match its financial performances. Based on FY24 earnings, the issue appears aggressively priced, discounting all near term positives. Well-informed investors may park moderate funds for the medium to long term. Read detail review...

Esprit Stones IPO Peer Comparison

Esprit Stones 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
Esprit Stones Limited6.296.2944.8213.6215.091.94
Pokarna Ltd.28.1828.18191.0525.3315.89Consolidated
Pacific Industries Ltd17.2317.23629.1616.432.78Consolidated
Global Surfaces Limited4.414.4177.9851.346.68Consolidated
Elegant Marbles & Grani Industries Ltd.11.4211.42436.8323.693.44Consolidated

Source: All the financial information for listed industry peers mentioned above is on a consolidated basis (unless otherwise available only on a standalone basis) and is sourced from the quarterly results as available of the respective company for the year ended March 31, 2024, submitted to stock exchanges. The financial information of Esprit Stones Limitedis based on the restated financial information for the year ended March 31, 2024.

Notes:

  1. P/E Ratio has been computed based on the closing market price of equity shares on NSE (other than for those companies which are listed only on BSE) on July 12, 2024, divided by the Diluted EPS.
  2. Return on net worth is calculated as Net profit after tax, as restated, attributable to the owners of the Company for the year/ period divided by Average Net worth. Average net worth means the aggregate value of the paid-up share capital and reserves and surplus of the current and previous financial year/period.
  3. NAV is computed as the net worth at the end of the year attributable to the parent's owners divided by the weighted average number of equity shares outstanding at the end of the year. For calculating NAV of peers, the number of shares outstanding as of 31 March 2024 has been taken instead of the weighted average number of shares due to the unavailability of the weighted average number of shares.

Esprit Stones IPO Review by Members

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

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Esprit Stones IPO Review Summary by Members

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