OnEMI Technology IPO Review & Recommendations

Notes:

1. All financial information for the listed industry peers is sourced from the financial information as at and for the year ended March 31, 2025, available on the website of the stock exchanges or the Company. Financial information for Bajaj Finance Limited and Cholamandalam Investment & Finance Company Limited is on a consolidated basis.
2. Closing price of equity shares as on National Stock Exchange ("NSE") on April 24, 2026.
3. Market Capitalization as available on NSE as on April 24, 2026, multiplied by total shares outstanding as disclosed on NSE as on March 31, 2026..
4. P/E Ratio has been computed based on the closing price of equity shares divided by the diluted EPS for Fiscal 2025.
5. P/B Ratio has been computed based on the closing price divided by the NAV per equity share as of March 31, 2025.
6. ROE is calculated as the profit after tax for Fiscal 2025 as a percentage of Average Total Equity for Fiscal 2025. Average Total Equity represents the simple average of Total Equity (comprising equity share capital and other equity, excluding non-controlling interest) as at the last day of Fiscal 2025 and as of the last day of Fiscal 2024. For Bajaj Finance Limited, Profit after tax attributable to the equity owners of the Company has been considered.
7. NAV per equity share is calculated as Total Equity as restated on the last day of the relevant year divided by number of Equity Shares outstanding as on the last day of the relevant year. For HDB Financial Services Limited, NAV per equity share has been presented as reported in their Prospectus dated June 28, 2025.