May 6, 2024 - May 9, 2024

Refractory Shapes IPO Review & Recommendations

Dilip Davda has given "May Apply" recommendation to Refractory Shapes IPO.

Refractory Shapes 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

Refractory Shapes IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	May Apply

Refractory Shapes IPO Review by Dilip Davda (May apply)

[Dilip Davda] The company is operating in a highly competitive and fragmented segment. It marked inconsistency in its bottom lines for the reported periods. Based on FY24 super annualized earnings, the issue appears fully priced. Well-informed investors may park moderate funds for the medium to long term rewards. Read detail review...

Refractory Shapes IPO Peer Comparison

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

Company Name	EPS (Basic)	NAV (per share) (Rs)	P/E (x)	RoNW (%)	P/BV Ratio	Financial statements
Refractory Shapes Limited	1.21	10.56		11.49	2.94
Sp Refractories Limited	6.56	49.97	17.45	7.13	2.14	Standalone
Ifgl Refractories Ltd	16.97	172.67	31.91	10.12	4.04	Standalone

Notes:

The figures for our company are based on Restated Financial Statements for the year ended March 31, 2023 after taking effect of the Bonus Shares allotted on December 20, 2023.
The figures for the Peer Group are based on the Standalone Financial Statements filed for the financial year ended March 31, 2023.
The P/E Ratio has been computed based on their respective closing market price on February 06, 2024 as divided by the Basic EPS as on March 31, 2023.
CMP is the closing price or the last traded price of respective scripts as on February 06, 2024.

Refractory Shapes IPO Review by Members

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

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Refractory Shapes IPO Review Summary by Members

Review By	Apply	May Apply	Neutral	Avoid
Count	0	0	0	0
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