[Dilip Davda] NPL is engaged in the manufacturing, marketing and trading of variety of bitumen and its related products. Its top and bottom lines galloped from FY23 onwards. Many folds rise in bottom lines for FY23 and FY24 raise eyebrows. It is operating in a highly competitive and fragmented segment that has high volume low margin regime. Based on its financial data, the issue appears fully priced. Well-informed investors may park funds for medium term. Read detail review...

Neptune Petrochemicals IPO Peer Comparison

Neptune Petrochemicals Limited peer comparison with similar listed entities. (As on March 28, 2024)

Company Name	EPS (Basic)	EPS (Diluted)	NAV (per share) (Rs)	P/E (x)	RoNW (%)	P/BV Ratio	Financial statements
Neptune Petrochemicals Limited	13.87	13.87	19.16		65.25		Standalone
Agarwal Industrial Corporation Ltd.	73.02	73.02	341.64	13.85	21.37	2.35	Consolidated
Nexxus Petro Industries Ltd	8.99	8.99	12.42	22.94	40.36		Standalone

Note:

The EPS, P/E Ratio, NAV, RoNW and revenue from operations of Neptune Petrochemicals Limited are taken as per Restated Financial Statement for the period ended on 31st March, 2024.
P/E ratio is calculated as Market capitalization (Current Market Price * No. of shares outstanding) of company / Net profit after tax for the year.
The Figures of Agarwal Industrial Corporation Ltd as at March 31, 2024, are taken from the financial results uploaded on the National Stock Exchange(s) and the figures of Nexxus Petro Industries Limited as at March 31, 2024, are taken from the prospectus of the company.

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