April 30, 2024 - May 3, 2024

Storage Technologies Racks and Rollers IPO Review & Recommendations

Dilip Davda has given "May Apply" recommendation to Storage Technologies Racks and Rollers IPO.

Storage Technologies Racks and Rollers 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

Storage Technologies Racks and Rollers IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	May Apply

Storage Technologies Racks and Rollers IPO Review by Dilip Davda (May apply)

[Dilip Davda] The company is operating in a highly competitive and fragmented segment. It marked inconsistency in its bottom lines from FY21 to FY23 and posted bumper profits for 7M-FY24 which appears to be a window dressing for fancy valuation of the IPO. Though based on super annualized earnings of FY24, the issue appears fully priced, based on FY23 earnings, its exorbitantly priced. As of April 01, 2024, it had order book of Rs. 21+ cr. Well-informed/cash surplus investors may park funds for medium term. Read detail review...

Racks & Rollers IPO Peer Comparison

Storage Technologies & Automation Ltd 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
Storage Technologies & Automation Ltd	1.61	1.61	19.82		8.12	3.94	Consolidated
Alphalogic Industries Ltd	6.03	6.03	138.64	33.17	50.60	1.44	Standalone

Source: All the financial information for the listed peer Company mentioned above is sourced from the aforesaid company's Annual Report for FY 2022-23 and stock exchange data dated January 20, 2024, to compute the corresponding financial ratios.

P/E figures for the peer are based on closing market prices of equity shares on BSE on January 20, 2024, divided by the Basic EPS as of March 31, 2023, 86
Basic and Diluted EPS refers to the Basic and Diluted EPS sourced from the listed peer company's Annual Report For FY 2022-23.
Return on Net Worth (%) for listed industry peers has been computed based on the Net Profit After Tax for the year ended March 31, 2023, divided by Total Equity as of March 31, 2023.
NAV per share for the listed peer is computed as the networth as of March 31, 2023 divided by the outstanding number of equity shares as on March 31, 2023

Storage Technologies Racks and Rollers IPO Review by Members

Storage Technologies Racks and Rollers IPO Reviews, analysis and views by popular members. Read Storage Technologies and Automation Ltd IPO reviews by retail investors to find recommended ipo to buy.

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Storage Technologies Racks and Rollers IPO Review Summary by Members

Review By	Apply	May Apply	Neutral	Avoid
Count	0	0	0	1
%	0.00	0.00	0.00	100.00

Member	Review
Architbhai	Avoid risky May 3, 2024 2:48:43 AM

Member

Review

Architbhai

Avoid

risky

May 3, 2024 2:48:43 AM

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