All that you need to know about Mishra Dhatu Nigam IPO

Hem Securities | March 20, 2018, 4:48 p.m.

Valuation

Co is bringing the issue at p/e multiple of  almost 29  on post issue H1FY18 annualized  eps  at  price  band  of  Rs  87-90/share.  Although  co  has  most advanced  and  unique  facilities  &  capability  to  manufacture  wide  range  of advanced  product  but  weak  order  book  size  of  Rs  517  Cr  against  strong topline  in  FY16  &  FY17  doesn’t  infuse  optimisim  in  company.  Hence,  we recommend “Avoid” on issue.



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