September 27, 2024 - October 1, 2024

HVAX Technologies IPO Review & Recommendations

Dilip Davda has given "May Apply" recommendation to HVAX Technologies IPO.

HVAX Technologies 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

HVAX Technologies IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	May Apply

HVAX Technologies IPO Review by Dilip Davda (May apply)

[Dilip Davda] The company is engaged in HAVC project contracting along with related services, it serves primarily pharma/healthcare/FMCG sector customers. The company posted growth in its top and bottom lines for the reported periods, but the net margins raise concern over its sustainability going forward. Based on FY24 earnings, the issue appears fully priced. Small equity capital post-IPO indicates longer gestation period. Well-informed investors may park funds for medium term. Read detail review...

HVAX Technologies IPO Peer Comparison

HVAX Technologies 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
HVAX Technologies Limited	47.36	47.36	149.6		30.69	3.07
Ahlada Engineers Limited	10.56	10.56	106.42	10.64	9.93

Notes:

Earnings per Equity Share (Basic & Diluted) = Restated profit for the period/year attributable to the Equity Shareholders /Weighted average number of Equity Shares outstanding during the period/year. The weighted average number of Equity Shares outstanding during the year is adjusted for the bonus issue of Equity Shares.
Net Asset Value per Equity Share is calculated as net worth attributable to the Equity Shareholders of HVAX Technologies Limited at the end of the financial period/year divided by the weighted average number of Equity Shares used in calculating basic earnings per share. Net Worth attributable to the Equity Shareholders of HVAX Technologies Limited means the aggregate value of the paid-up equity share capital and all reserves created out of the profits and securities premium account and debit or credit balance of profit and loss account, including legal reserve and after deducting, if any the aggregate value of the accumulated losses.
Net Asset Value per Equity Share is calculated as net worth attributable to equity shareholders at the end of the Fiscal period/year divided by the outstanding number of Equity Shares used to calculate basic earnings per share.
All the financial information for listed industry peers mentioned above is on a standalone basis (and is sourced from the annual reports / annual results as available of the respective company for the year ended March 31, 2024, submitted to Stock Exchanges and HVAX Technologies Limited's financial information mentioned above is for the restated financial year ended March 31, 2024.
The P/E Ratio has been computed based on the closing market price of equity shares on NSE on September 18, 2024, divided by the Basic/Diluted EPS provided.
Return on Net Worth is computed as restated net profit/(loss) after tax attributable to equity holders of HVAX Technologies Limited divided by restated average Net Worth for Equity Shareholders.

HVAX Technologies IPO Review by Members

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

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HVAX Technologies IPO Review Summary by Members

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