Laxmi India Finance IPO Review & Recommendations

Laxmi India Finance IPO Peer Comparison

Laxmi India Finance Ltd. peer comparison with similar listed entities. (As on March 28, 2024)

Notes:

• Financial information of the Company has been derived from the Restated Financial Statements.
• Earnings per share (basic) and Earnings per share (diluted) represent the earnings per Equity Share of ₹5 each - Basic and the earnings per Equity Share of ₹5 each - Diluted, respectively, which are computed in accordance with Indian Accounting Standard 33 notified underthe Companies (Indian Accounting Standards) Rules of 2015 (as amended).
• Pursuant to a resolution passed by our Board on November 13, 2024 and a resolution passed by the Shareholders on November 16, 2024, each equity share of face value of ₹10 each has been split into two Equity Shares of face value ₹5 each. Accordingly, the issued, subscribed and paid-up capital of our Company was sub-divided from 20,907,150 equity shares of face value of ₹10 each to 41,814,300 Equity Shares of face value of ₹5 each.
• All the financial information for listed industry peers is on a consolidated and standalone basis and is sourced from the financial information of such listed industry peer as at and for the year ended March 31, 2024 available on the website of the stock exchanges or the Company.
• P/E ratio for the listed industry peers has been computed based on the closing market price of equity shares on BSE Limited ("BSE") as on June 17, 2025 divided by the diluted earnings per share for the year ended March 31, 2025.
• P/B ratio for the listed industry peers has been computed based on the closing market price of equity shares on BSE as on June 17, 2025 divided by the net asset value per equity share as of March 31, 2025.
• Return on Average Net Worth is calculated as the Profit After OCI for the relevant period as a percentage of Average Net Worth in such period.
• Net Asset Value per share = Net Asset Value (Net-worth), as restated / Number of equity shares outstanding.
• 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, after deducting the aggregate value of the accumulated losses, deferred expenditure and miscellaneous expenditure not written off, as per the restated balance sheet, but does not include reserves created out of revaluation of assets, write-back of depreciation and amalgamation.
• Net worth of peer company is taken as is sourced from the financial information of such listed industry peer as at and for the year ended March 31, 2025 available on the website of the stock exchanges or the Company. Net worth of the company is taken as the aggregate value of the Equity Share capital and Other equity.