Tolins Tyres IPO Review & Recommendations

Tolins Tyres IPO Peer Comparison

Tolins Tyres Limited peer comparison with similar listed entities. (As on March 31, 2024)

Source: All the financial information for listed industry peers mentioned above is sourced from the audited financial statements of the relevant companies for Fiscal Year 2024, which are available on the Stock Exchange websites.

Notes:

• Return on Net Worth (RoNW%) is computed as Restated profit / (loss)for the year attributable to owners of the Company as on March 31, 2024/ Net worth attributable to owners of the Company as on March 31, 2024.
• Net Worth shall mean the aggregate value of the paid-up share capital and all reserves created out of the profit, 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, as per the audited balance sheet, but does not include reserves created out of revaluation of assets, write -back of depreciation and amalgamation.
• NAV is computed as is calculated as Net Worth attributable to owners of the Company as of the end of March 31, 2024, divided by the weighted average number of Equity Shares used in calculating basic earnings per share. The weighted average number of Equity Shares outstanding during the year for the Company is adjusted for bonus issue of Equity Shares and subdivision of equity shares from face value ? 100 each to Rs 5 each after September 30, 2023, per IND AS 33.
• P/E ratio for industry peers has been calculated as closing share price as of August 23, 2024, sourced from BSE, except for Elgi Rubber Company Limited, which is only listed on NSE whose share price source from NSE divided by diluted EPS as of March 31, 2024.