February 29, 2024 - March 4, 2024

M.V.K. Agro Food IPO Review & Recommendations

Dilip Davda has given "May Apply" recommendation to M.V.K. Agro Food IPO.

M.V.K. Agro Food 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

M.V.K. Agro Food IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	May Apply

M.V.K. Agro Food IPO Review by Dilip Davda (May apply)

[Dilip Davda] The company is primarily in sugar productions and has few other by-products. It is adding ethanol plant to tap the rising demand for this by-product. The company marked inconsistency in its top and bottom lines for the reported periods. Based on its FY24 annualized super earnings, the issue appears aggressively priced. Well-informed/cash surplus investors may park funds for the medium to long term rewards. Read detail review...

M.V.K. Agro Food IPO Peer Comparison

M.V.K. Agro Food Product Ltd 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
M.V.K. Agro Food Product Ltd	7.55	7.55	26.75	15.90	28.22	4.49	Consolidated
Ugar Sugar Works Ltd.	9.16	9.16	19.63	8.85	46.14	4.13	Consolidated
Dwarikesh Sugar Industries Ltd.	5.57	5.57	39.29	15.60	14.08	2.21	Consolidated
Balrampur Chini Mills Ltd.	13.94	13.94	143.52	28.78	9.60	2.80	Consolidated
Dhampur Sugar Mills Ltd.	23.72	23.72	15.71	10.48	0.15	15.83	Consolidated

Financial information for the Company is derived from the Restated Financial Statements as at and for the Fiscal 2023 without considering the effect of bonus issue undertaken on December 19, 2023.

PE Ratio is calculated based on EPS of March 31, 2023 without adjustment for bonus shares.

Source: All the financial information for listed industry peer mentioned above is sourced from the annual report of the relevant companies for Fiscal 2023, as available on the websites of the NSE and BSE.

Notes for peer group:

P/E Ratio is computed as the peer company based on the closing price on BSE limited.
Return on Net Worth (%) = Profit for the year ended March 31, 2023 divided by Total Equity of the Company as on March 31, 2023.
NAV is computed as the Total Equity of the Company as on March 31, 2023 divided by the outstanding number of equity shares as on March 31, 2023.

M.V.K. Agro Food IPO Review by Members

M.V.K. Agro Food IPO Reviews, analysis and views by popular members. Read M.V.K. Agro Food Product Ltd IPO reviews by retail investors to find recommended ipo to buy.

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M.V.K. Agro Food IPO Review Summary by Members

Review By	Apply	May Apply	Neutral	Avoid
Count	1	0	1	0
%	50.00	0.00	50.00	0.00

Member	Review
Mani Kasi	Neutral High Debt February 29, 2024 1:26:58 PM
sekar Ramaswami	Apply for Short Term at Upper Price Band Worth investigating due to good growth in past 2 years March 4, 2024 11:39:44 AM

Member

Review

Mani Kasi

Neutral

High Debt

February 29, 2024 1:26:58 PM

sekar Ramaswami

Apply for Short Term at Upper Price Band

Worth investigating due to good growth in past 2 years

March 4, 2024 11:39:44 AM

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