CMR Green Technologies IPO Review & Recommendations

Source:

• The financial information for listed industry peers Gravita India Limited and Pondy Oxides and Chemicals Limited is
  consolidated and sourced from their audited annual results for the year ended March 31, 2025, and for Jain Resource
  Recycling Limited is consolidated and sourced from financial information disclosed for quarter 2 of Fiscal 2026, while
  Baheti Recycling Industries Limited's financials are standalone, based on its audited results for the same period.
• P/E Ratio has been computed based on the closing market price of equity shares on BSE or NSE on May 12, 2026 divided
  by the Diluted EPS as on 31st March 2025.
• Return on Net Worth (%) for company is calculated as restated profit attributable to owners of the Company divided by
  net worth for the year/ period where Net worth means the aggregate value of the paid-up share capital and all reserves
  created out of the profits and securities premium account and debit or credit balance of profit and loss account
  including other comprehensive income/(loss), after deducting the aggregate value of the accumulated losses, deferred expenditure and miscellaneous expenditure not written off, as per the audited balance sheet, but does not include reserves created out of revaluation of assets, write-back of depreciation and amalgamation.
• Return on Net Worth (%) for peers is calculated as profit for the year divided by Net Worth as at the end of the year/
  period. 'Net Worth' is calculated as aggregate of share capital and other equity including non-controlling interest.
• NAV per equity share has been computed as the net worth divided by the total number of shares outstanding, as at March 31, 2025.