July 15, 2024 - July 18, 2024

Tunwal E-Motors IPO Review & Recommendations

Dilip Davda has given "May Apply" recommendation to Tunwal E-Motors IPO.

Tunwal E-Motors 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

Tunwal E-Motors IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	May Apply

Tunwal E-Motors IPO Review by Dilip Davda (May apply)

[Dilip Davda]

No doubt, that future lies for EV products and many corporate have dropped their hat in the fray for the same. Amidst such a scenario, we have some odd and emerging players like TEML which has its target focused on rural marketing. The company marked growth in its top and bottom lines. Based on FY24 super earnings, the issue appears aggressively priced. Well-informed investors may park funds for the medium to long term. (May Apply).

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Tunwal E-Motors IPO Peer Comparison

Tunwal E-Motors Limited peer comparison with similar listed entities. (As on March 31, 2024)

Company Name	EPS (Basic)	EPS (Diluted)	P/E (x)	RoNW (%)
Tunwal E-Motors Limited	2.85	2.85	20.70	57.53
Wardwizard Innovations & Mobililty Limited	0.52	0.52	117.96	13.27
TVS Motors	35.50	35.50	66.33	23.68

Notes for peer group:

EPS is taken from audited financial statement
P/E Ratio has been computed based on the closing market price of equity shares on BSE on July 1, 2024 divided by the Basic EPS as at March 31, 2024.
Return on Net Worth (%) = Profit for the year ended March 31, 2024 divided by Total Equity of the Company as on March 31, 2024.
NAV is computed as the Total Equity of the Company as on March 31, 2023 divided by the outstanding number of equity shares as on March 31, 2024

Tunwal E-Motors IPO Review by Members

Tunwal E-Motors IPO Reviews, analysis and views by popular members. Read Tunwal E-Motors Limited IPO reviews by retail investors to find recommended ipo to buy.

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Tunwal E-Motors IPO Review Summary by Members

Review By	Apply	May Apply	Neutral	Avoid
Count	0	3	0	0
%	0.00	100.00	0.00	0.00

Member	Review
Dhanvantri	May Apply for Listing Gain at Upper Price Band As NSE raised sme ipo listing 90% to 99.9% as on listing sme ipo trading with upper circuit hope it will do just same but Financials are below average so nothing in long gain. \| July 13, 2024 12:37:05 PM
Meeraj ipo investor	May Apply for Listing Gain at Upper Price Band APPLY FOR LISTING GAIN \| July 14, 2024 2:34:58 PM
Sumukh Pandya	May Apply for Listing Gain at Cut-off Price Do not hold position for long term \| July 12, 2024 7:45:02 PM

Member

Review

Dhanvantri

May Apply for Listing Gain at Upper Price Band

As NSE raised sme ipo listing 90% to 99.9% as on listing sme ipo trading with upper circuit hope it will do just same but Financials are below average so nothing in long gain.

July 13, 2024 12:37:05 PM

Meeraj ipo investor

May Apply for Listing Gain at Upper Price Band

APPLY FOR LISTING GAIN

July 14, 2024 2:34:58 PM

Sumukh Pandya

May Apply for Listing Gain at Cut-off Price

Do not hold position for long term

July 12, 2024 7:45:02 PM

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