Om Power Transmission IPO Review & Recommendations

Notes:

1. P/E ratio for the listed industry peers has been computed based on the closing market price of equity shares on BSE Limited ("BSE") and National Stock Exchange ("NSE"), as applicable, as on February 16, 2026 divided by the diluted earnings per share for the year ended March 31, 2025. Enterprise Value is computed as the market capitalization plus the net debt as of March 31, 2025.
2. Net debt for the year ended March 31,2025 has been computed as Total Debt minus Cash and cash equivalents minus bank balances, where-as Total Debt is computed as Non-Current Borrowings plus Current Borrowings. Market capitalisation is calculated on closing market price of equity shares on BSE and NSE, as applicable, on February 16, 2026 multiplied by the closing number of shares as on March 31, 2025.
3. Return on Net Worth (%) = Ratio of Profit /(loss) for the Fiscal 2025 to Restated Net Worth as of the last day of the Fiscal 2025. 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, but does not include reserves created out of revaluation of assets, write-back of depreciation and amalgamation each as applicable.