July 31, 2024 - August 2, 2024

Utssav Cz Gold Jewels IPO Review & Recommendations

Dilip Davda recommend to "Avoid" the IPO.

Utssav Cz Gold Jewels IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	0	0	0	1	0
%	0.00	0.00	0.00	100.00	0.00

Utssav Cz Gold Jewels IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	Avoid

Utssav Cz Gold Jewels IPO Review by Dilip Davda (Avoid)

[Dilip Davda] The company is engaged in the business of designing, manufacturing, wholesaling and exporting of 18Karat 20Karat and 22Karat CZ Gold jewellery. This segment is highly competitive and fragmented. Though the company has given financial data till January 31`, 2024, its basis of offer price data is based on March 31, 2023 data. This is indicating many lapses on the part of LM/Company in maintaining transparency. Why one should subscribe such IPO, which is missing the latest info. The company issued private placement in the month of April 2024 at a price of Rs. 82.50 per share, but the IPO has the price band of Rs. 104 - Rs. 110. There is no harm in skipping such High Risk/Low Return” bet. Read detail review...

Utssav Cz Gold Jewels IPO Peer Comparison

Utssav Cz Gold Jewels Limited 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
Utssav Cz Gold Jewels Limited	4.26	4.26	13.32	26.92	38.17	8.26
Ashapuri Gold Ornament Ltd	0.71	0.71	33.01	10.70	2.19	2.18	Consolidated
Sky Gold Ltd	17.32	17.32	91.34	115.11	21.28	2.98	Consolidated
Swarnsarita Jewels India Limited	3.01	3.01	56.09	9.29	5.52	0.30	Consolidated
Uday Jewellery Industries Ltd	4.31	4.31	30.58	32.42	15.18	3.23	Consolidated

Source: All the financial information for listed industry peers mentioned above is on a consolidated basis (unless otherwise available only on a standalone basis) and is sourced from the respective company's annual reports as available for the year ended March 31, 2023, submitted to stock exchanges. The financial information of Utssav Cz Gold Jewels Limited is based on the restated financial information for the year ended March 31, 2023.

Notes:

The P/E Ratio has been computed based on the closing market price of equity shares on NSE / BSE on July 19, 2024, divided by the Diluted EPS.
Return on net worth is calculated as Net profit after tax, as restated, for the year/ period divided by Average Net worth. Average net worth means the aggregate value of the paid-up share capital and reserves and surplus of the current and previous financial year/period.
NAV is computed as the net worth at the end of the year divided by the weighted average number of equity shares outstanding.
The basic and diluted earnings per share for the Equity Shares of our Company has been presented to reflect the adjustments for issue of bonus shares after January 31, 2024.

Utssav Cz Gold Jewels IPO Review by Members

Utssav Cz Gold Jewels IPO Reviews, analysis and views by popular members. Read Utssav Cz Gold Jewels Limited IPO reviews by retail investors to find recommended ipo to buy.

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Utssav Cz Gold Jewels IPO Review Summary by Members

Review By	Apply	May Apply	Neutral	Avoid
Count	2	0	0	0
%	100.00	0.00	0.00	0.00

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3 Comments

3. Siddhi Mestry

| Link|July 29, 2024 4:50:52 PMReply

The company has a decent track record and has shown steady growth in its financials, which is a positive indicator for potential investors.

2. Nisha Pardule

| Link|July 29, 2024 4:48:01 PMReply

The company has shown a consistent revenue trend but faces limited liquidity buffers. The latest credit ratings and financial health indicators suggest moderate stability, with a focus on the domestic B2B market, particularly in the northern region of India.

1. Pritesh Babu Renose

| Link|July 29, 2024 3:36:30 PMReply

Utssav CZ Gold Jewels Ltd. specializes in designing and manufacturing lightweight cubic zirconia (CZ) gold jewelry, offering a diverse range of products including rings, earrings, and necklaces it is most exciting IPO.