September 11, 2024 - September 13, 2024

Excellent Wires and Packaging IPO Review & Recommendations

Dilip Davda recommend to "Avoid" the IPO.

Excellent Wires and Packaging IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
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%	0.00	0.00	0.00	100.00	0.00

Excellent Wires and Packaging IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	Avoid

Excellent Wires and Packaging IPO Review by Dilip Davda (Avoid)

[Dilip Davda] The company is engaged in the manufacturing and marketing of various types of wired. It is operating in a highly competitive and fragmented segment. It has posted average financial performance with boosted bottom lines for FY24, that raises eyebrows and concern over its sustainability. Small equity post-IPO indicates longer gestation period for migration. Based on FY24 super earnings, the issue relatively appears exorbitantly priced. There is no harm in skipping this pricey bet. Read detail review...

Excellent Wires and Packaging IPO Peer Comparison

Excellent Wires and Packaging Limited 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 (%)	P/BV Ratio	Financial statements
Excellent Wires and Packaging Limited	3.32	3.32	15.9	27.11	20.9	6	Consolidated
Bedmutha Industries Ltd.	6.28	6.28	37.38	36.59	16.34	6.19	Standalone
Kei Industries Ltd.	64.41	64.41	348.88	72.98	18.46	13.51	Standalone
Rajratan Global Wire Ltd.	11	11	69.35	54.37	15.87	8.67	Standalone

Source : Issue Price for Excellent and others closing market price on August 22, 2024 on BSE

Source:

Data for peer group companies is sourced from the Annual Report / published financial statement based on standalone financials for FY 2024.
RONW/ROE is taken from BSE and NAV is computed by dividing CMP by PB ratio available on BSE.
The P/E Ratio is computed by dividing the CMP by the EPS available in published financials.
Excellent financials are based on March 31, 2024

Excellent Wires and Packaging IPO Review by Members

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Excellent Wires and Packaging IPO Review Summary by Members

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