May 29, 2024 - May 31, 2024

Ztech India IPO Review & Recommendations

Dilip Davda has given "Apply" recommendation to Ztech India IPO.

Ztech India IPO Review Summary from brokers and analysts

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

Ztech India IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	Apply

Ztech India IPO Review by Dilip Davda (Apply)

[Dilip Davda] The company has three categories of its business model and having major thrust on its high margin business of sustainable theme parks that contributes around 60% it its top lines for last two fiscals. Based on FY24 earnings, the issue appears fully priced. Considering its ongoing projects worth Rs. 168+ cr. and many more in pipeline, it is poised for bright prospects ahead. Investors may lap it up for the medium to long term rewards. Read detail review...

Ztech India IPO Peer Comparison

Ztech India Limited peer comparison with similar listed entities. (As on September 30, 2023)

Company Name	EPS (Basic)	EPS (Diluted)	P/E (x)	RoNW (%)	Financial statements
Ztech India Limited	36.94	36.94		26.37
Ion Exchange (india) Ltd.	6.64	6.64	67.77	8.15	Standalone
Felix Industries Limited	1.48	1.48	229.16	2.76	Standalone
Wonderla Holidays Limited	26.33	26.33	28.89	9.48	Standalone
H.G. Infra Engineering Limited	27.63	27.63	32.00	9.23	Standalone
Nicco Parks & Resorts Limited	2.96	2.96	46.79	20.13	Standalone
Ncc Limited	3.68	3.68	58.53	3.61	Standalone

Notes

Considering the nature and turnover of business of the Company the peer are not strictly comparable. However, the same have been included for broader comparison.
The figures for Z Tech India Private Limited are based on the restated results for the period ended September 30, 2023.
The figures (except PE) for the peer group are based on standalone audited results for the respective year ended September 30, 2023.
Current Market Price (CMP) is the closing price of the respective scrip as of May 23, 2024,

Ztech India IPO Review by Members

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

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Ztech India 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
chIPOrgarh (200+ Posts)	Avoid Incorporated in 1994 but profit after tax is only in few crores. Apply for listing gains (if any). May 26, 2024 9:52:50 AM

Member

Review

chIPOrgarh (200+ Posts)

Avoid

Incorporated in 1994 but profit after tax is only in few crores. Apply for listing gains (if any).

May 26, 2024 9:52:50 AM

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