Published: 17th Oct 2024
By: Value Research
Small and medium enterprises (SME) IPOs are all the rage. A whopping Rs 5,900 crore flowed into these companies' IPOs this year alone. In fact, 325 companies have jumped from SME exchanges to the mainboard exchanges of NSE and BSE as of October 2024. Let's meet some of these high-flyers.
Gensol is riding the renewable wave. This solar EPC player has also plugged into EVs. Its sales surged 63 per cent from FY19 to FY24. However, rising debt levels and fluctuating promoter holdings are red flags. The stock trades at a P/E of 57.3, below its 5-year median of 68.8.
Thejo manufactures conveyor belts and offers industry on-site maintenance services. With manageable debt levels and strong cash flow, it has a 156-day cash conversion cycle. P/E is 55, way above its 5-year median of 33.3.
Sky Gold designs and manufactures gold accessories and supplies to giants like Kalyan and Malabar. Its sales grew 19 per cent annually during FY19-24. The company has ventured into retail and built its own brand. But watch the declining promoter holding and lofty P/E of 85.
We've got two more fascinating tales: a fan maker with concerning financials and a paint company with robust growth. Intrigued? There's more to these stories than meets the eye. Click the link below to uncover the complete list:
Other Webstories
To find more such stories & Web-stories, visit our website