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
Count	0	1	0	0	0
%	0.00	100.00	0.00	0.00	0.00

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 Name	EPS (Basic)	EPS (Diluted)	P/E (x)	RoNW (%)
TGIF Agribusiness Limited	6.85	6.85	13.57	73.95
Raghuvansh Agrofarms Ltd	4.07	4.07	110.74	9.19
Bangalore Fort Farms Ltd	0.36	0.36	59.92	0.10

Notes:

The EPS and RoNW of the company are taken as per the Restated Financial Statement for the Financial Year 2022-23.
RoNW has been computed as net profit after tax divided by closing net worth.
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

Review By	Apply	May Apply	Neutral	Avoid
Count	0	0	0	0
%

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