September 18, 2023 - September 21, 2023

Madhusudan Masala IPO Review & Recommendations

Dilip Davda has given "May Apply" recommendation to Madhusudan Masala IPO.

Madhusudan Masala 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

Madhusudan Masala IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	May Apply

Madhusudan Masala IPO Review by Dilip Davda (May apply)

[Dilip Davda] The company operates in a highly competitive and fragmented segment. Bumper performance for FY23 raises eyebrows and concerns over sustainability. Based on its super earnings for FY23, the issue appears fully priced. Well-informed/cash surplus investors may park funds for the medium to long term. Read detail review...

Madhusudan Masala IPO Peer Comparison

Madhusudan Masala Limited peer comparison with similar listed entities. () (As on March 31, 2023)

Company Name	EPS (Rs)		P/E (x)	RoNW (%)
Company Name	EPS Basic	EPS Diluted	P/E (x)	RoNW (%)
Madhusudan Masala Limited	6.94	6.94		52.40
NHC Food Limited	1.48	1.48	34.25	7.38

Notes:

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, 2023, and stock exchange data dated July 27, 2023, to compute the corresponding financial ratios.
The P/E Ratio is based on the current market price of the respective scrips.
The EPS and RoNW of Madhusudan Masala Limited are taken as per the Restated Financial Statement for the Financial Year 2022-23 as adjusted with the effect of the Bonus Issue.
The P/E Ratio of the peer company is based on the Annual Report of the company for the year 2023 and stock exchange data dated July 27, 2023.
RoNW has been computed as net profit after tax divided by closing net worth.

Madhusudan Masala IPO Review by Members

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

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Madhusudan Masala IPO Review Summary by Members

Review By	Apply	May Apply	Neutral	Avoid
Count	3	0	0	0
%	100.00	0.00	0.00	0.00

Member	Review
B.M.SURANA IPO Guru (2700+ Posts, 5300+ Likes)	Apply for Listing Gain at Upper Price Band Apply Profit making company. Reasonable Price. 1 September 20, 2023 4:31:37 PM
Top Contributor	Apply for Listing Gain at Upper Price Band Apply September 15, 2023 1:50:20 PM
Royal Shiva 👑	Apply for Long Term at Cut-off Price Apply With Full Force Good Product , Good brand and best selling in Saurashtra region Apply for big listing gain and long term September 13, 2023 11:59:14 AM

Member

Review

B.M.SURANA

IPO Guru (2700+ Posts, 5300+ Likes)

Apply for Listing Gain at Upper Price Band

Apply
Profit making company.
Reasonable Price.

September 20, 2023 4:31:37 PM

Top Contributor

Apply for Listing Gain at Upper Price Band

Apply

September 15, 2023 1:50:20 PM

Royal Shiva 👑

Apply for Long Term at Cut-off Price

Apply With Full Force Good Product , Good brand and best selling in Saurashtra region Apply for big listing gain and long term

September 13, 2023 11:59:14 AM

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