July 19, 2024 - July 23, 2024

Sanstar IPO Review & Recommendations

Dilip Davda has given "May Apply" recommendation to Sanstar IPO.

Sanstar 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

Sanstar IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	May Apply

Sanstar IPO Review by Dilip Davda (May apply)

[Dilip Davda] The company is one of the major manufacturers of speciality products and ingredient solutions in India for food, animal nutrition and other industrial applications having good market share in global and domestic markets. For the reported periods, though it marked inconsistency in its top lines, bottom line steadily grew. Based on FY24 super earnings, the issue appears aggressively priced. Amidst rising demand for its products, the management is confident of improving the trends reported and its performance post expanded capacities. Well-informed investors may park moderate funds for the long term. Read detail review...

Sanstar IPO Peer Comparison

Sanstar Limited peer comparison with similar listed entities. (As on March 31, 2024)

Company Name	EPS (Basic)	EPS (Diluted)	NAV (per share) (Rs)	P/E (x)	RoNW (%)	P/BV Ratio	Financial statements
Sanstar Limited	4.75	4.75	15.37	19.98	30.92	6.18	Consolidated
Gujarat Ambuja Exports Ltd.	7.54	7.54	60.37	18.65	12.49	2.33	Consolidated
Gulshan Polyols Ltd.	2.85	2.85	123.63	73.31	2.30	1.69	Consolidated
Sukhjit Starch & Chemicals Ltd.	31.98	31.98	321.75	15.01	9.94	1.49	Consolidated

Notes:

For Sanstar Limited, the information above is based on the Restated Consolidated Financial Statements for the year ended March 31, 2024.
All the financial information for the listed industry peers mentioned above is consolidated. It has been sourced from the annual reports/annual results as available of the respective company for the year ended March 31, 2024, submitted to stock exchanges.
The current market price (CMP) is the closing market price of the equity shares of the respective companies on NSE on July 05, 2024.
Diluted EPS refers to the diluted earnings per share sourced from the annual reports/annual results as available of the respective company for the year ended March 31, 2024, submitted to stock exchanges.
NAV is computed as the net worth at the end of the year divided by the closing outstanding number of equity shares. For the calculation of NAV for Sanstar Limited on Restated Consolidated basis, revaluation and amalgamation reserve have been excluded in the net worth calculation.
The P/E Ratio has been computed based on the CMP divided by the Basic and Diluted EPS.
RoNW is computed as net profit attributable to owners of the company divided by net worth at the end of the year. For the calculation of RoNW for Sanstar Limited on a Restated Consolidated basis, revaluation reserve and amalgamation reserve have been excluded in the calculation of net worth.

Sanstar IPO Review by Members

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

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Sanstar IPO Review Summary by Members

Review By	Apply	May Apply	Neutral	Avoid
Count	4	0	0	0
%	100.00	0.00	0.00	0.00

Member	Review
Ankit Dhakad	Apply for Listing Gain at Cut-off Price Apply only for Listing gains. \| July 15, 2024 2:41:30 PM
Dhanvantri	Apply for Listing Gain at Upper Price Band A B2B company good Financials although clients are limited.But showing growth every year .Apply For Listing and long term. \| July 14, 2024 9:04:26 AM
Hiren K.	Apply for Listing Gain at Cut-off Price IPO fancy get listing gain. \| July 16, 2024 9:46:19 AM
TC GUPTA	Apply for Listing Gain at Cut-off Price Though revenue is bit sluggis but profits are increasing. Debt equity ratio is promising. \| July 15, 2024 12:14:42 PM

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