The Captial Market (CapitalMarket.com) rating for J.G.Chemicals IPO is 42. Their analysis recommends Avoid, However active risk seekers can try for the IPO.

Reviewer	Rating Score	Rating
Capital Market	42	Avoid, However active risk seekers can try

J.G.Chemicals IPO Review by Dilip Davda (Apply)

[Dilip Davda] The company is India’s largest zinc oxide manufacturer serving to almost all top tyre manufacturing companies globally. After posting growth in its top and bottom lines for FY21 to FY23, it marked degrowth for 9M-FY24 on account of drastic fall in zinc oxide prices globally. As the reversal in trends are witnessed, the company will be back on track soon. Though based on FY24 annualized earnings, the issue appears fully priced, it is worth considering for the medium to long term rewards. Read detail review...

JG Chemicals IPO Peer Comparison

JG Chemicals 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
JG Chemicals Limited			63.02		27.49	3.51	Consolidated
Rajratan Global Wire Ltd.	19.72	19.72	86.54	33.43	22.79	7.62	Consolidated
Nocil Ltd.	8.95	8.92	93.14	30.97	9.61	2.98	Consolidated
Yasho Industries Ltd	59.54	59.54	208.75	30.03	28.52	8.56	Consolidated

Notes:

All the financial information for near-similar listed companies mentioned above is on a consolidated basis and is sourced from the annual audited financial results of the near-similar listed companies for the financial year ended March 31, 2023;
For near-similar listed companies, the Closing market price of equity shares as on February 22, 2024 on with BSE Ltd (Source: www.bseindia.com );
For near-similar listed companies, the P/E Ratio has been computed based on the closing market price of equity shares as on February 22, 2024 (Source: www.bseindia.com) divided by the Basic EPS provided under Note 1 above
Based on Restated Consolidated Financials of J.G. Chemicals Limited for the financial year ending March 31, 2023;

J.G.Chemicals IPO Review by Members

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J.G.Chemicals IPO Review Summary by Members

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J.G.Chemicals IPO Review & Recommendations

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J.G.Chemicals IPO Review by Dilip Davda (Apply)

JG Chemicals IPO Peer Comparison

J.G.Chemicals IPO Review by Members

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