[Dilip Davda] The company is operating in a highly competitive and fragmented segment. The company has posted growth in its top and bottom lines for the reported periods. Based onFY2 annualized earnings, the issue appears reasonably priced. Well-informed investors may park funds for the medium to long term rewards. Read detail review...

Shanti Spintex IPO Peer Comparison

Shanti Spintex Limited peer comparison with similar listed entities. (As on March 31, 2023)

Company Name	EPS (Basic)	EPS (Diluted)	P/E (x)	RoNW (%)
Shanti Spintex Limited	7.13	7.13	9.81	18.07
Jindal Worldwide Ltd	5.77	5.77	56.03	17.80
R&B Denims Limited	2.21	2.21	17.35	19.48
Manomay Tex India Limited	8.72	8.72	15.77	11.17
United Polyfab Gujarat Ltd	2.56	2.56	36.19	8.60

Notes:

All the financial information for listed industry peers is sourced from the Annual Reports Shanti Spintex Limited of the aforesaid companies for the year ended March 31, 2023, and stock exchange data dated 07.12.2023 to compute the corresponding financial ratios.
The P/E Ratio is based on the current market price of the respective scrips.
The EPS, NAV, and RoNW, of Shanti Spintex Limited, are taken as per the Restated Financial Statement for the Financial Year 2022-23.
NAV per share is computed as the closing net worth divided by the weighted average number of paid-up equity shares as of March 31, 2023.
RoNW has been computed as net profit after tax divided by closing net worth.

Shanti Spintex IPO Review by Members

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Shanti Spintex IPO Review Summary by Members

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