Monolithisch India IPO Review

Monolithisch India Limited is engaged in the business of manufacturing and supply of specialized ramming mass used as a heat insulation/ lining material, by their customers as a refractory consumable for Induction furnaces installed in iron/steel and foundry plants. They are also engaged in the trading of their products on occasional basis to meet the excess and urgent requirement by their customers. 

The company is led by Promoters and Directors Prabhat Tekriwal, Sharmila Tekriwal, Harsh Tekriwal, and Kritish Tekriwal. Mr. Prabhat Tekriwal, Chairman and Whole-time Director, has over 36 years of experience and oversees strategy, finance, legal, and compliance. Mr. Harsh Tekriwal, Managing Director, holds degrees in Mechanical Engineering and Business Administration, and focuses on business development and operations, with around 7 years of experience.

The Revenues from operations for the period ended on Mar 31, 2025, Fiscals ended 2024, 2023 and 2022 were ₹  9,749.14 Lakh, ₹ 6,893.57 Lakh, ₹ 4,189.84 Lakh and ₹ 2,404.94 Lakh respectively. The EBITDA for the period ended on Mar 31, 2025, Fiscals ended 2024, 2023 and 2022 were ₹ 2,120.95 Lakh, ₹ 1,300.84 Lakh, ₹ 673.75 Lakh, and ₹ 381.10 Lakh, respectively. The Profit after Tax for the period ended on Mar 31, 2025, Fiscals ended 2024, 2023 and 2022 were ₹ 1,448.80 Lakh, ₹ 851.18 Lakh, ₹ 454.29 Lakh, and ₹ 251.53 Lakh respectively. This indicates a steady growth in financial performance.

The Company Key Performance Indicates the pre-issue EPS of ₹ 9.11 and post-issue EPS of ₹ 6.67 for FY24. The pre-issue P/E ratio is 15.69x, while the post-issue P/E ratio is 21.45x against the Industry PE ratio is 89x. The company's ROCE for FY24 is 46.22%, ROE for FY24 is 53.94% and RoNW is 41.15%. These metrics suggest that the IPO is fairly priced.

The Grey Market Premium (GMP) of Monolithisch India showing listing gains of 14.68%. Given the company's financial performance and the valuation of the IPO, we recommend Investors to Apply to the Monolithisch India Limited IPO for Listing gain.

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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.