June 14, 2024 - June 19, 2024

GPES Solar IPO Review & Recommendations

Dilip Davda has given "May Apply" recommendation to GPES Solar IPO.

GPES Solar 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

GPES Solar IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	May Apply

GPES Solar IPO Review by Dilip Davda (May apply)

[Dilip Davda] The company is in distribution of solar inverters and panels which is a highly competitive and fragmented segment. The company posted steady growth in its top and bottom lines for FY21 to FY23, but its bottom line boosted for 9M-FY24 that raise eyebrows and concern over its sustainability. Based on FY24 annualized super earnings, the issue appears fully priced. Well-informed/cash surplus investors may park moderate funds for long term rewards. Read detail review...

GPES Solar IPO Peer Comparison

GP Eco Solutions India 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
GP Eco Solutions India Limited	5.14	5.14	11.46		57.79	8.20	Standalone
Sungarner Energies Limited	6.35	6.35	19.10	59.14	23.18		Standalone

Notes:

All the financial information for the listed industry peer mentioned above is on a Standalone basis and is sourced from the filings made with the stock exchange available on www.nseindia.com.
The P/E Ratio is calculated based on the Listing day closing price.
Source for GP Eco Solutions India Limited: Based on the restated financial statements of the Company for the year ended F.Y 2022- 23.

GPES Solar IPO Review by Members

GPES Solar IPO Reviews, analysis and views by popular members. Read GP Eco Solutions India Limited IPO reviews by retail investors to find recommended ipo to buy.

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GPES Solar IPO Review Summary by Members

Review By	Apply	May Apply	Neutral	Avoid
Count	0	1	0	0
%	0.00	100.00	0.00	0.00

Member	Review
Dhanvantri	May Apply for Listing Gain at Upper Price Band Debt Equity 1.11 total borrowing 1500 cr.You can encash it Solar Craze on listing June 12, 2024 7:46:20 PM

Member

Review

Dhanvantri

May Apply for Listing Gain at Upper Price Band

Debt Equity 1.11 total borrowing 1500 cr.You can encash it Solar Craze on listing

June 12, 2024 7:46:20 PM

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