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[Dilip Davda] The company is operating in a highly competitive and fragmented segment of financing self-employed under served masses with its fintech based app. Based on FY24 annualized super earnings, the issue appears aggressively priced. The sustainability of margins remains major concern going forward. There is no harm in skipping this pricey issue. Read detail review...
IBL Finance 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 |
|---|---|---|---|---|---|---|---|
| IBL Finance Limited | 1.15 | 1.15 | 12.20 | 44.34 | 9.41 | 4.18 | |
| MAS Financial Services Limited | 37.18 | 37.18 | 277.83 | 23.43 | 13.55 | 3.03 | Consolidated |
| Arman Financial Service Limited | 110.47 | 107.28 | 430.61 | 23.64 | 25.65 | 0.19 | Consolidated |
| Apollo Finvest (India) Limited | 27.01 | 27.01 | 112.26 | 29.58 | 24.06 | 0.21 | Standalone |
| CSL Finance Limited | 22.02 | 21.40 | 174.85 | 21.12 | 12.59 | 1.94 | Consolidated |
| Ugro Capital Limited | 5.69 | 5.66 | 106.46 | 48.16 | 4.04 | 0.35 |
Notes:
a) Financial information for IBL Finance Limited is derived from the Restated Financial Statements for the year ended March 31, 2023.
b) All the financial information for listed industry peers mentioned above is sourced from the annual reports/ financial results as available of the respective company for the year ended March 31, 2023 submitted to stock exchanges
c) Basic EPS refers to the Basic EPS sourced from the financial results of the respective company for the year ended March 31, 2023.
d) P/E Ratio has been computed based on the closing market price of equity shares on BSE on August 14, 2023 divided by the Diluted EPS provided.
e) P/B Ratio is computed as closing market price of equity shares on BSE as on August 14, 2023 divided by NAV, as on March 31, 2023.
f) RoNW is computed as net profit after tax (including profit attributable to non-controlling interest) divided by closing net worth. Net worth has been computed as sum of paid-up share capital and other equity.
g) Total Equity includes equity share capital and other equity derived from the Restated Financial Statements as of the last day of the relevant year.
h) Net Asset Value per Equity Share is computed as the Total Equity divided by the equity shares outstanding as on March 31, 2023.
IBL Finance IPO Reviews, analysis and views by popular members. Read IBL Finance Ltd. IPO reviews by retail investors to find recommended ipo to buy.
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