May 7, 2024 - May 10, 2024

Silkflex Polymers IPO Review & Recommendations

Dilip Davda has given "May Apply" recommendation to Silkflex Polymers IPO.

Silkflex Polymers IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
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%	0.00	100.00	0.00	0.00	0.00

Silkflex Polymers IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	May Apply

Silkflex Polymers IPO Review by Dilip Davda (May apply)

[Dilip Davda] The company is engaged in the business of trading in Malaysian textile printing inks and water based wood coating polymer products in India. It posted average performance till FY23 and marked bumper profits for 9M of FY23. Based on this performance the issue appears fully priced. Such earning in trading business raise eyebrows and concern over its sustainability. Well-informed/cash surplus investors may park moderate funds for the medium to long term rewards. Read detail review...

Silkflex Polymers IPO Peer Comparison

Silkflex Polymers (India) 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
Silkflex Polymers (India) Limited	0.97	10.05	53.76	9.62	5.17
Basf India Ltd.	93.10	623.97	40.12	14.92	5.99	Standalone
Heubach Colorants India Limited	8.31	187.34	48.88	4.44	2.17	Standalone
Berger Paints India Ltd.	8.86	42.86	57.44	20.67	11.87	Standalone

Notes:

The figures for the company are based on Restated Financial Statements for the year ended March 31, 2023 after taking effect of the Bonus Shares allotted on October 04, 2023.
The figures for the Peer Group are based on the Standalone Financial Statements filed for the financial year ended March 31, 2023.
P/E Ratio has been computed based on their respective closing market price on April 30, 2024 as divided by the Basic EPS as on March 31, 2023.
CMP is the closing prices or the last traded price of respective scripts as on April 30, 2024.
The Issue Price determined by our Company in consultation with the Lead Manager is justified by our Company in consultation with the Lead Manager based on the above parameters.

Silkflex Polymers IPO Review by Members

Silkflex Polymers IPO Reviews, analysis and views by popular members. Read Silkflex Polymers (India) Limited IPO reviews by retail investors to find recommended ipo to buy.

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Silkflex Polymers IPO Review Summary by Members

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