Shining Tools IPO Review & Recommendations

Tixna Tools IPO Peer Comparison

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

Notes:

• All the financial information for the Company above is sourced from the Restated Financial Statements.
• Considering the nature and size of the Company's business, the peer is not strictly comparable. However, some have been included for broad comparison.

Source:

All the financial information for the listed peer companies mentioned above is taken as of March 31, 2024 (Audited result on a consolidated basis) and is available on the NSE website dated June 13, 2025, to compute the corresponding financial ratios.

1. P/E ratios for the above peer company are based on the closing market prices of equity shares on NSE dated January 30, 2025 divided by the Basic and Diluted EPS as at March 31, 2024
2. Basic and Diluted EPS refers to the Basic and Diluted EPS sourced from the available financial data of the listed peer company on March 31, 2024.
3. Return on net worth (%) for listed peer company has been computed based on the net profit after tax for the year ended March 31, 2024, divided by total equity as of March 31, 2024.
4. NAV per share for listed peer company is computed as the net worth as on March 31, 2024, divided by the outstanding number of equity shares as on March 31, 2024.