March 5, 2024 - March 7, 2024

JG Chemicals IPO Review & Recommendations

Anand Rathi, Arihant Capital Markets Ltd, BP Equities (BP Wealth), Dilip Davda, Geojit Securities Ltd, Hem Securities, Reliance Securities, Stoxbox by BP Equities Pvt Ltd, Swastika Investmart Ltd and Ventura Securities Limited have given "Apply" recommendation to JG Chemicals IPO. Capital Market has "Neutral" view about the IPO. Axis Capital and Keynote Capitals Ltd have "Not Rated" the IPO.

JG Chemicals IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	10	0	1	0	2
%	76.92	0.00	7.69	0.00	15.38

JG Chemicals IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Anand Rathi	Apply
Arihant Capital Markets Ltd	Apply
Axis Capital	Not Rated
BP Equities (BP Wealth)	Apply
Capital Market	Neutral
Dilip Davda	Apply
Geojit Securities Ltd	Apply
Hem Securities	Apply
Keynote Capitals Ltd	Not Rated
Reliance Securities	Apply
Stoxbox by BP Equities Pvt Ltd	Apply
Swastika Investmart Ltd	Apply
Ventura Securities Limited	Apply

JG Chemicals IPO Capital Market Rating

The Captial Market (CapitalMarket.com) rating for JG Chemicals IPO is 42. Their analysis recommends Avoid, however active risk seekers can try for the IPO.

Reviewer	Rating Score	Rating
Capital Market	42	Avoid, however active risk seekers can try

JG Chemicals IPO Review by Dilip Davda (Apply)

[Dilip Davda] The company is India’s largest zinc oxide manufacturer serving to almost all top tyre manufacturing companies globally. After posting growth in its top and bottom lines for FY21 to FY23, it marked degrowth for 9M-FY24 on account of drastic fall in zinc oxide prices globally. As the reversal in trends are witnessed, the company will be back on track soon. Though based on FY24 annualized earnings, the issue appears fully priced, it is worth considering for the medium to long term rewards. Read detail review...

JG Chemicals IPO Peer Comparison

JG Chemicals 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
JG Chemicals Limited			63.02		27.49	3.51	Consolidated
Rajratan Global Wire Ltd.	19.72	19.72	86.54	33.43	22.79	7.62	Consolidated
Nocil Ltd.	8.95	8.92	93.14	30.97	9.61	2.98	Consolidated
Yasho Industries Ltd	59.54	59.54	208.75	30.03	28.52	8.56	Consolidated

Notes:

All the financial information for near-similar listed companies mentioned above is on a consolidated basis and is sourced from the annual audited financial results of the near-similar listed companies for the financial year ended March 31, 2023;
For near-similar listed companies, the Closing market price of equity shares as on February 22, 2024 on with BSE Ltd (Source: www.bseindia.com );
For near-similar listed companies, the P/E Ratio has been computed based on the closing market price of equity shares as on February 22, 2024 (Source: www.bseindia.com) divided by the Basic EPS provided under Note 1 above
Based on Restated Consolidated Financials of J.G. Chemicals Limited for the financial year ending March 31, 2023;

JG Chemicals IPO Review by Members

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

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JG Chemicals IPO Review Summary by Members

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

Member	Review
VM IPO INVESTOR	Apply for Long Term at Upper Price Band Revenue and PAT growth from 2021 to 2023 is fanta fabulous. Debt free company but don’t apply for listing gain as there is no space left in terms of valuation, but this company will get their customers the return they want in long term (Around 5 Years). So apply for long term as market always respect some unique businesses. March 5, 2024 2:27:08 PM

Member

Review

VM IPO INVESTOR

Apply for Long Term at Upper Price Band

Revenue and PAT growth from 2021 to 2023 is fanta fabulous. Debt free company but don’t apply for listing gain as there is no space left in terms of valuation, but this company will get their customers the return they want in long term (Around 5 Years). So apply for long term as market always respect some unique businesses.

March 5, 2024 2:27:08 PM

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