Victory Electric Vehicles IPO Review & Recommendations

Fixed Price IPO | ₹35 Cr | Listed at NSE SME | Wed, Jan 7, 2026 - Fri, Jan 9, 2026

IPO Recommendations (0 Reviews)

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Victory Electric Vehicles IPO Peer Comparison

Victory Electric Vehicles International Ltd. peer comparison with similar listed entities. (As on March 31, 2025)

Company NameEPS (Basic)NAV (₹ per share)P/E (x)RoNW (%)Financial statements
Victory Electric Vehicles International Limited2.0810.5412.4210.35
Wardwizard Innovations & Mobility Limited0.264.0832.586.50
Tunwal E-motors Limited2.3220.0915.3219.26
  • Source: All the financial information for listed industry peer mentioned above is on a standalone basis and is sourced from the annual audited financial results of the listed peer Wardwizard Innovations & Mobility Limited and Tunwal E-Motors Limited for the year ended March 31, 2025 sourced from the audited and restated financials of the respective companies for the year ended March 31, 2025, unless provided otherwise.
  • For listed peer sourced from the annual audited financial results and restated financial statements for the year ended March 31, 2025 for Wardwizard Innovations & Mobility Limited and Tunwal E-Motors Limited respectively.
  • For listed peer, Net Asset Value (NAV) is computed as equity attributable to owners (total equity) divided by the number of equity shares outstanding at the end of the year (adjusted for bonus and split).
  • For listed peer, P/E Ratio has been computed based on the closing market price of equity shares on the website of BSE and NSE as of December 19, 2025, divided by the Basic EPS. For Our Company, P/E Ratio has been computed based on the Issue Price divided by the Adjusted EPS provided under Note 1 above.
  • For listed peer, return on Net Worth for equity shareholders (%) (RONW) = Profit for the year divided by average net-worth of the company

IPO Review by Members

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