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June 23, 2023 - June 27, 2023

Greenchef Appliances IPO Review & Recommendations

Dilip Davda has given "May Apply" recommendation to Greenchef Appliances IPO.

Greenchef Appliances IPO Review Summary from brokers and analysts

Review By Apply May Apply Neutral Avoid Not Rated
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Greenchef Appliances IPO Analysis By Brokers/Analysts

Reviewer Recommendation Past Reviews
Dilip Davda May Apply

Greenchef Appliances IPO Review by Dilip Davda (May apply)

[Dilip Davda]  The company operates in a highly competitive and fragmented segment with many big and small players around. The sudden boost in its bottom line for H1 FY23 raises eyebrows and concerns over sustainability going forward. Based on such super earnings, the issue appears fully priced while based on its track records so far, the issue appears aggressively priced. Well-informed investors may consider investing in this greedily priced issue. Read detail review...

Greenchef Appliances IPO Peer Comparison

Greenchef Appliances Limited peer comparison with similar listed entities. () (As on March 31, 2022)

Company NameEPS (Rs)P/E (x)RoNW (%)
EPS BasicEPS Diluted
Greenchef Appliances Limited0.450.451.48
TTK Prestige Limited21.9921.9932.7518.89
Hawkins Cookers Limited158.64158.6440.0343.00
Stove Kraft Limited17.2116.9625.1016.86
Butterfly Gandhimathi Appliances Limited9.029.02128.547.03

Notes:

  1. All the financial information for the company above is sourced from the Restated Financial Statements.
  2. All the financial information for listed industry peers mentioned above is sourced from the Annual Reports of the aforesaid companies for the year ended March 31, 2022, and stock exchange data dated June 13, 2023, to compute the corresponding financial ratios.
  3. P/E figures for the peers are based on closing market prices of equity shares on BSE on June 13, 2023, divided by the Basic EPS as at March 31, 2022
  4. Basic and Diluted EPS refers to the Basic and Diluted EPS sourced from the Annual Reports for FY 21-22 of the listed peer companies.
  5. Return on Net Worth (%) for listed industry peers has been computed based on the Net Profit After Tax for the year ended March 31, 2022, divided by Total Equity as on March 31, 2022.
  6. NAV per share for listed peers is computed as the Total Equity as on March 31, 2022, divided by the outstanding number of equity shares as on March 31, 2022.

Greenchef Appliances IPO Review by Members

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

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Greenchef Appliances IPO Review Summary by Members

Review By Apply May Apply Neutral Avoid
Count 1 0 0 1
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Member Review
Tenscope Management

Apply for Short Term at Upper Price Band

Very Good sme ipo must apply

June 27, 2023 2:26:52 AM
IPO LEADER
IPO Mentor IPO Mentor (800+ Posts, 400+ Likes)

Avoid

Cooked financial for IPO...

June 18, 2023 6:04:50 PM

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