March 26, 2024 - March 28, 2024

GConnect Logitech IPO Review & Recommendations

Dilip Davda recommend to "Avoid" the IPO.

GConnect Logitech IPO Review Summary from brokers and analysts

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

GConnect Logitech IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	Avoid

GConnect Logitech IPO Review by Dilip Davda (Avoid)

[Dilip Davda] The company is operating in a highly competitive and fragmented segment. It provides logistic services with third party vehicles, which turns risky and does not give good margins. Based on FY24 annualized earnings, the issue is exorbitantly priced. Small equity base post-IPO indicates longer gestation period. There is no harm in skipping this pricey bet. Read detail review...

GConnect Logitech IPO Peer Comparison

GConnect Logitech and Supply Chain Limited peer comparison with similar listed entities. (As on March 31, 2023)

Company Name	EPS (Basic)	EPS (Diluted)	NAV (per share) (Rs)	P/E (x)	RoNW (%)	P/BV Ratio	Financial statements
GConnect Logitech and Supply Chain Limited	26.64	26.64	44.51		14.01	0.90
Ritco Logistics Ltd	9.94	9.94	60.70	23.03	16.37	2.50	Standalone
Vrl Logistics Ltd	18.80	18.80	110.46	29.01	39.72	5.73	Consolidated
Shreeji Translogistics Ltd	2.11	2.11	7.79	14.10	25.77	8.53	Standalone

Source: All the financial information for listed industry peers mentioned above is on a standalone basis (except VRL Logistics Limited) and is sourced from the filings made with stock exchanges for the Financial Year ending March 31, 2023.

Notes:

Considering the nature and size of the company's business, the peers are not strictly comparable. However, the above company is included for broad comparison.
The figures for the Company are based on the restated standalone financial statements for the year ended March 31, 2023.
The figures for the peer group are for the year ended March 31, 2023 and are based on their respective Standalone financial statements filed with the Stock Exchanges.
NAV is computed as the closing net worth divided by the closing outstanding number of equity shares. Net worth has been computed as the aggregate of share capital and reserves and surplus (excluding Revaluation Reserves) and as attributable to the owners of the Company.
P/E Ratio for the peer has been computed based on the closing market price of respective equity shares as on March 18, 2024 sourced from website of Stock Exchange as divided by the Basic/diluted EPS as applicable.
RoNW is computed as net profit after tax (excluding comprehensive income), as attributable to the owners of the Company divided by closing net worth. Net worth has been computed as the aggregate of share capital and reserves and surplus (excluding Revaluation Reserves) and as attributable to the owners of the Company.

GConnect Logitech IPO Review by Members

GConnect Logitech IPO Reviews, analysis and views by popular members. Read GConnect Logitech and Supply Chain Limited IPO reviews by retail investors to find recommended ipo to buy.

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GConnect Logitech IPO Review Summary by Members

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