Mandeep Auto Industries IPO Review & Recommendations

Mandeep Auto Industries IPO Peer Comparison

Mandeep Auto Industries Limited peer comparison with similar listed entities. (As on December 31, 2023)

Source: The Company's Financial Figures are based on restated standalone audited financial statements for the 6 months ended on December 31, 2023, unless provided otherwise. Concerning Industry peers, all the financial information mentioned above is on a standalone basis and is sourced from the audited results of the respective companies for the year ended March 31, 2023, unless provided otherwise.

Notes for peer group:

a) The P/E Ratio has been computed based on the closing market price of equity shares on BSE on November 17, 2023, divided by the Basic EPS as of March 31, 2023.

b) Return on Net Worth (%) = net profit after tax divided by net worth. Net worth has been computed as the aggregate of share capital and reserves and surplus/Other Equity as of March 31, 2023.

c) NAV is computed as the closing net worth as of March 31, 2023, divided by the outstanding number of equity shares as of March 31, 2023, except for Lumax Auto Technologies Limited, where the weighted average number of Equity Shares has been considered for the purpose of computation of NAV.