Mayasheel Ventures IPO Review

Mayasheel Ventures is an engineering construction and development company which is primarily engaged in the construction of roads, Electrical work and other miscellaneous civil construction contract business. MAYASHEEL Ventures Limited is a prominent "A" class government contractor. They undertake construction works both as an EPC contractor and on an item rate basis for infrastructure projects and they also undertakes sub-contracting assignments of infrastructure construction projects.

The Promoters, Managing Director and senior management have significantly contributed to the growth of the business, and their future success is dependent on the continued services of the senior management team. Mr. Amit Garg, Managing Director and promoter, has experience of 15 years in the Road Construction Industry which turn out beneficial for the Company.

The Revenues from operations for the period ended on Mar 31, 2025, Fiscals ended 2024, 2023 and 2022 were ₹  17,204.92 Lakh, ₹ 13,114.44 Lakh, ₹  12,709.96 Lakh and ₹ 11,661.21 Lakh respectively. The EBITDA for the period ended on Mar 31, 2025, Fiscals ended 2024, 2023 and 2022 were ₹  2,528.61 Lakh, ₹ 1,731.11 Lakh, ₹  1,543.14 Lakh, and ₹ 1,471.58 Lakh, respectively. The Profit after Tax for the period ended on Mar 31, 2025, Fiscals ended 2024, 2023 and 2022 were ₹  1,133.47 Lakh, ₹ 651.35 Lakh, ₹  475.21 Lakh, and ₹ 488.56 Lakh respectively. This indicates a steady growth in financial performance.

The Company Key Performance Indicates the pre-issue EPS of ₹ 7.23 and post-issue EPS of ₹ 5.14 for FY24. The pre-issue P/E ratio is 6.50x, while the post-issue P/E ratio is 9.14x against the Industry P/E ratio is 112x. The company's ROCE for FY24 is 28.62%, ROE for FY24 is 42.83% and RoNW is 42.83%. These metrics suggest that the IPO is fairly priced.

The Grey Market Premium (GMP) of Mayasheel Ventures showing listing gains of 6.38 %.Given the company's financial performance and the valuation of the IPO, we recommend Investors to Avoid to the Mayasheel Ventures Limited IPO for Listing gain or long-term Investment Purposes.

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About the Author
CA Abhay Kumar (Also known as  CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms.