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September 5, 2024 - September 9, 2024

Shree Tirupati Balajee IPO Review & Recommendations

BP Equities (BP Wealth), Stoxbox by BP Equities Pvt Ltd and Ventura Securities Limited have given "Apply" recommendation to Shree Tirupati Balajee IPO. Choice Equity Broking Pvt Ltd, Dilip Davda and Swastika Investmart Ltd have given "May Apply" recommendation to Shree Tirupati Balajee IPO. Capital Market has "Neutral" view about the IPO. Axis Capital, HDFC Securities Limited and JM Financial Institutional Securities have "Not Rated" the IPO.

Shree Tirupati Balajee IPO Review Summary from brokers and analysts

Review By Apply May Apply Neutral Avoid Not Rated
Count 3 3 1 0 3
% 30.00 30.00 10.00 0.00 30.00

Shree Tirupati Balajee IPO Analysis By Brokers/Analysts

Shree Tirupati Balajee IPO Capital Market Rating

The Captial Market (CapitalMarket.com) rating for Shree Tirupati Balajee IPO is 40. Their analysis recommends Avoid, however active risk seekers can try for the IPO.

Reviewer Rating Score Rating
Capital Market 40 Avoid, however active risk seekers can try

Shree Tirupati Balajee IPO Review by Dilip Davda (May apply)

[Dilip Davda]  The company is in the business of manufacturing and marketing of FIBCs and other industrial packaging products. It posted steady growth for the last three fiscals in its top and bottom lines. Based on FY24 earnings, the issue appears relatively fully priced. Well-informed investors may park funds for the medium to long term. Read detail review...

Shree Tirupati Balajee IPO Peer Comparison

Shree Tirupati Balajee Agro Trading Company Limited peer comparison with similar listed entities. (As on March 31, 2024)

Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)Financial statements
Shree Tirupati Balajee Agro Trading Company Limited5.745.7427.5420.84Consolidated
Commercial Syn Bags Ltd1.811.8132.0237.135.66
Emmbi Industries Ltd5.625.6296.1722.075.85
Rishi Techtex Ltd.1.821.8243.0933.014.23

Notes:

  1. Source: All the financial information for listed industry peers mentioned above is sourced from the regulatory filings made by companies above to stock exchanges for the year ended March 31, 2024 to compute the corresponding financial ratios.
  2. P/E figures for the peers are based on closing market prices of equity shares on BSE on March 31, 2024, divided by the Diluted EPS as of August 30, 2024, divided by the Basic EPS as of March 31, 2024.
  3. Basic Earnings per share = Net profit after tax, as restated /Weighted average number of shares outstanding during the year/ period.
  4. Diluted Earnings per share = Net profit after tax, as restated / Weighted average number of diluted equity shares outstanding during the year/ period.
  5. Return on Net Worth (%) for listed industry peers has been computed based on the Profit for the year ended March 31, 2024 divided by Total Equity as on March 31, 2024.
  6. Net Asset Value (in ?) = Equity attributable to owners of the Company divided by weighted average numbers of equity shares outstanding during the year/period.

Shree Tirupati Balajee IPO Review by Members

Shree Tirupati Balajee IPO Reviews, analysis and views by popular members. Read Shree Tirupati Balajee Agro Trading Company Limited IPO reviews by retail investors to find recommended ipo to buy.

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Shree Tirupati Balajee IPO Review Summary by Members

Review By Apply May Apply Neutral Avoid
Count 0 0 1 1
% 0.00 0.00 50.00 50.00
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Member Review
chIPOrgarh (300+ Posts)

Avoid

Negative impressions. Too high corporate guarantee to banks.

I Like It. 1

September 2, 2024 9:03:49 PM
Dhanvantri

Neutral

Earning Limited high borrowing margin under pressure.May be negetive listing

September 4, 2024 5:28:09 PM

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