Apsis Aerocom IPO Review & Recommendations

Notes:

All the financial information for the Company above is derived from the Restated Financial Statements.

Considering the nature and size of operations of the Company, the peer Company is not strictly comparable. However, same have been included for broader comparison.

*Source: All the financial information (Standalone) for Unimech Aerospace and Manufacturing Ltd. for the F.Y. 2024-25 has been sourced from its Annual Report as available on the website of NSE and the closing price has been taken from the website of NSE as on February 23, 2026.

1. The Price-to-Earnings (P/E) ratio for the listed peer company has been computed based on closing market price of its equity share on NSE as on February 23, 2026, divided by the Basic and Diluted EPS as at March 31, 2025.
2. Basic and Diluted EPS figures are sourced from the Annual Report of the listed peer company for the FY 2024-25.
3. Return on Net Worth (RONW %) has been computed as Net Profit After Tax for the financial year ended March 31, 2025 divided by Total Equity as on March 31, 2025.
4. Net Asset Value (NAV) per share has been calculated as Total Equity as on March 31, 2025 divided by the number of outstanding equity share as on March 31, 2025.