May 13, 2024 - May 15, 2024

Mandeep Auto Industries IPO Review & Recommendations

Dilip Davda has given "Apply" recommendation to Mandeep Auto Industries IPO.

Mandeep Auto Industries IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	1	0	0	0	0
%	100.00	0.00	0.00	0.00	0.00

Mandeep Auto Industries IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	Apply

Mandeep Auto Industries IPO Review by Dilip Davda (Apply)

[Dilip Davda] The company is in the business of specialized auto component and enjoys preferred partner tag from two wheeler industry. It marked steady growth in its top and bottom lines. It is expanding its capacities to meet the rising demand. Based on FY24 annualized earnings, the issue is fully priced. Investors may park funds for the medium to long term rewards. Read detail review...

Mandeep Auto Industries IPO Peer Comparison

Mandeep Auto Industries Limited peer comparison with similar listed entities. (As on December 31, 2023)

Company Name	EPS (Basic)	EPS (Diluted)	P/E (x)	RoNW (%)	Financial statements
Mandeep Auto Industries Limited	6.60	6.60	10.15	26.19	Standalone
Kranti Industries Ltd	1.95	1.95	38.39	8.49	Standalone
Porwal Auto Components Ltd.	-0.68	-0.68	-96.59	-1.75	Standalone
Lumax Auto Technologies Ltd.	10.79	10.79	44.24	12.62	Standalone

Source: The Company's Financial Figures are based on restated standalone audited financial statements for the 6 months ended on December 31, 2023, unless provided otherwise. Concerning Industry peers, all the financial information mentioned above is on a standalone basis and is sourced from the audited results of the respective companies for the year ended March 31, 2023, unless provided otherwise.

Notes for peer group:

a) The P/E Ratio has been computed based on the closing market price of equity shares on BSE on November 17, 2023, divided by the Basic EPS as of March 31, 2023.

b) Return on Net Worth (%) = net profit after tax divided by net worth. Net worth has been computed as the aggregate of share capital and reserves and surplus/Other Equity as of March 31, 2023.

c) NAV is computed as the closing net worth as of March 31, 2023, divided by the outstanding number of equity shares as of March 31, 2023, except for Lumax Auto Technologies Limited, where the weighted average number of Equity Shares has been considered for the purpose of computation of NAV.

Mandeep Auto Industries IPO Review by Members

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

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Mandeep Auto Industries IPO Review Summary by Members

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