01-01-1970 12:00 AM | Source: Angel Broking Ltd
Outlook on Ami organics Limited IPO by Mr. Yash Gupta, Angel Broking Ltd
Below is quote and Outlook on Ami organics Limited IPO by Mr. Yash Gupta, Equity Research Associate, Angel Broking Ltd
Based on FY2021 numbers, the IPO is priced at a Price to Earning of 35.6 times and EV/EBITDA of 25.7 times at the upper price band of the IPO, which is on the higher side compared to the listed peer group. Company already has a higher market share of 70%-90% in Key API’s which will limit growth in near future. Given the expensive valuation, we are assigning a NEUTRAL recommendation to the Ami Organics Limited IPO.
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