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May 8, 2024 - May 10, 2024

TGIF Agribusiness IPO Review & Recommendations

Dilip Davda has given "May Apply" recommendation to TGIF Agribusiness IPO.

TGIF Agribusiness IPO Review Summary from brokers and analysts

Review By Apply May Apply Neutral Avoid Not Rated
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TGIF Agribusiness IPO Analysis By Brokers/Analysts

Reviewer Recommendation Past Reviews
Dilip Davda May Apply

TGIF Agribusiness IPO Review by Dilip Davda (May apply)

[Dilip Davda]  This horticulture company is engaged in farming of certain fruits and vegetables. It posted minuscule top lines with an average 53% net earnings, which is very surprising and raise concern over its sustainability going forward. Based on FY24 annualized super earnings, the issue appears fully priced. Tiny post-IPO equity capital indicates longer gestation for migration. Well-informed/cash surplus investors may park moderate funds for the medium to long term rewards. Read detail review...

TGIF Agribusiness IPO Peer Comparison

TGIF Agribusiness Limited peer comparison with similar listed entities. (As on March 31, 2023)

Company NameEPS (Basic)EPS (Diluted)P/E (x)RoNW (%)Financial statements
TGIF Agribusiness Limited6.856.8513.5773.95
Raghuvansh Agrofarms Ltd4.074.07110.749.19
Bangalore Fort Farms Ltd0.360.3659.920.10

Notes:

  1. The EPS and RoNW of the company are taken as per the Restated Financial Statement for the Financial Year 2022-23.
  2. RoNW has been computed as net profit after tax divided by closing net worth.
  3. Net worth has been computed in the manner specified in Regulation 2(1) (hh) of SEBI (ICDR) Regulations, 2018.

TGIF Agribusiness IPO Review by Members

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

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TGIF Agribusiness IPO Review Summary by Members

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