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[Dilip Davda] The company is operating in a highly competitive and fragmented market. It has posted steady growth in its top lines for the reported periods and over 10% PAT margins for the last two fiscals. Based on FY23 earnings, the issue appears fully priced. The company could have opted for a market lot of 1600 shares which could have helped them in a somewhat higher number of shareholders post IPO. A lot of 1600 could have been an investor-friendly gesture. Well-informed investors may park moderate funds for the medium to long term. Read detail review...
Arabian Petroleum Limited peer comparison with similar listed entities. () (As on March 31, 2023)
| Company Name | EPS (Rs) | NAV (per share) (Rs) | P/E (x) | RoNW (%) | |
|---|---|---|---|---|---|
| EPS Basic | EPS Diluted | ||||
| Arabian Petroleum Limited | 6.08 | 6.08 | 27.54 | 11.51 | 22.08 |
| Tide Water Oil Co. (India) Limited | 67.37 | 67.37 | 18.42 | 17.08 | |
| GP Petroleums Limited | 4.94 | 4.94 | 9.18 | 78.52 | |
Notes:
(i) Source - Audited Financial Results of the company for the financial year 2023 and stock exchange data dated September 15, 2023. For our Company, we have taken CMP as the issue price of equity share. Further, P/E Ratio is based on the CMP of the respective scrips.
(ii) The EPS, NAV, RoNW and Total Income of our Company are taken as per Restated Financial Statement for the Financial Year 2022-23 as adjusted with the effect of Bonus Issue.
(iii) NAV per share is computed as the closing net worth divided by the closing outstanding number of paid up equity shares as adjusted with the effect of Bonus Issue.
(iv) P/E Ratio of the peer company is based on the Audited Financial Results of the companies for the year 2023 and stock exchange data dated September 15,2023.
(v) RoNW has been computed as net profit after tax divided by closing net worth.
(vi) Net worth has been computed in the manner as specifies in Regulation 2(1) (hh) of SEBI (ICDR) Regulations, 2018.
(vii)The face value of Equity Shares of our Company is Rs. 10/- per Equity Share and the Issue price is 7 times the face value of equity share.
Arabian Petroleum IPO Reviews, analysis and views by popular members. Read Arabian Petroleum Ltd. IPO reviews by retail investors to find recommended ipo to buy.
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