April 23, 2024 - April 25, 2024

Shivam Chemicals IPO Review & Recommendations

Dilip Davda recommend to "Avoid" the IPO.

Shivam Chemicals IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
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Shivam Chemicals IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	Avoid

Shivam Chemicals IPO Review by Dilip Davda (Avoid)

[Dilip Davda] The company is engaged in distributing animal feed/poultry products and is also in the manufacturing of hydrated lime. It is in a highly competitive and fragmented segment. It has marked inconsistency in its top and bottom lines and FY23 onwards, it posted declining trends in its revenue and profits. Based on FY24 annualized earnings, the issue appears exorbitantly priced. There is no harm in skipping this “High Risk/Low Return” bet. Read detail review...

Shivam Chemicals IPO Peer Comparison

Shivam Chemicals Limited 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
Shivam Chemicals Limited	2.88	2.88	10.72	15.26	26.90	4.10	Consolidated
Narmada Agrobase Limited	0.48	0.48	11.72	48.96	4.11	2.01
Godrej Agrovet Ltd	15.71	15.71	142.78	34.33	10.77	3.78

Notes:

Shivam Chemicals Limited's figures are based on the Restated Consolidated Financial Statements for the year ended March 31, 2023. NAV per share is calculated using the weighted average number of shares (Basic).
The Current Market Price (CMP) is the closing price of peer group scripts as of 05 April 2024.
The figures for the peer group are based on the Consolidated Audited Financials for the year ended March 31, 2023

Shivam Chemicals IPO Review by Members

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

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Shivam Chemicals IPO Review Summary by Members

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