[Dilip Davda] The company is in the business of confectioneries and other food items. It posted inconsistency in its top line and a surprising boost in bottom lines from FY23 onwards. Based on annualized super earnings for FY24, the issue appears fully priced. Recent performance appears to have been cooked up. The company is operating in a highly competitive and fragmented segment. There is no harm in skipping this issue. Read detail review...

Italian Edibles IPO Peer Comparison

Italian Edibles 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
Italian Edibles Limited	2.43	2.43	62.90	27.94	24.50	1.08
Lotus Chocolate Co.ltd.	-5.42		-5.09	-36.25		-60.91
Tapi Fruit Processing Limited	-0.75		20.06	-156.33	-2.47	8.82

Notes:

The closing price for Lotus Chocolate Company Limited was taken from the BSE as of October 11, 2023.
The closing price of Tapi Fruit Processing Limited was taken from the NSE as of October 3, 2023.
The closing price for Lotus Chocolate Company Limited is considered to be the issue price, and the rest of the data is based on FY 2023 financial statements.
Considering the nature, range of products/services, turnover, and size of the business of the Company, the peer is not strictly comparable. However, the above Company has been included for broad comparison.

Italian Edibles IPO Review by Members

Italian Edibles IPO Reviews, analysis and views by popular members. Read Italian Edibles Ltd. IPO reviews by retail investors to find recommended ipo to buy.

Italian Edibles IPO Review Summary by Members

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Italian Edibles IPO Review & Recommendations

Italian Edibles IPO Review Summary from brokers and analysts

Italian Edibles IPO Review by Dilip Davda (Avoid)

Italian Edibles IPO Peer Comparison

Italian Edibles IPO Review by Members

Italian Edibles IPO Review Summary by Members

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