September 10, 2024 - September 12, 2024

SPP Polymers IPO Review & Recommendations

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

SPP Polymers 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

SPP Polymers IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	May Apply

SPP Polymers IPO Review by Dilip Davda (May apply)

[Dilip Davda] The company is engaged in the business of manufacturing & supplying HDPE/ PP fabrics, bags and other packaging related solutions. It marked average performance till FY24 and posted sudden boosted bottom line for Q1 of FY25. This performance raises eyebrows and concern over its sustainability going forward. Based on FY25 annualized super earnings, the issue relatively appears aggressively priced. Well-informed investors may park moderate fund for long term. Read detail review...

SPP Polimers IPO Peer Comparison

SPP Polimers 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
SPP Polimers Limited	0.88	0.88	22.24	66.72	3.52	2.68	Standalone
Rishi Techtex Ltd.	1.82	1.82	43.09	33.9	4.23	1.42	Standalone
Emmbi Industries Ltd	5.62	5.62	961.69	21.89	5.85	0.13	Standalone

Notes:

Considering the nature and size of the business of our Company the peers are not strictly comparable. However, above company is included for broad comparison.
The figures for SPP Polymer Limited are based on the restated standalone financial statements for the year ended March 31,2024.
The figures are based on the Standalone financial statements for the year ended March 31, 2024 of Rishi Tectex Limited, and EMMBI Industries Limited from the Annual reports of the Companies available from the website of the Stock Exchange and website of the Companies.
CMP of the peer group is as per the closing price as available on www.nseindia.com and www.bseindia.com
P/E Ratio for the peer has been computed based on the closing market price of respective equity shares as on August 27, 2024 sourced from website of Stock Exchange as divided by the Basic/diluted EPS as applicable.

SPP Polymers IPO Review by Members

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

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SPP Polymers IPO Review Summary by Members

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Count	0	0	0	0
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