Paradeep Parivahan IPO Review

Paradeep Parivahan Ltd was founded in the year 2000 under the able leadership of Mr Khalid Khan. Focus was to provide best of the services to the customers mainly in areas of cargo handling, port operations, Intra-port transportation, handling & transportation of port import cargo, in-plant shifting of bulk raw material & hazardous cargo, railway siding operations, operation of crushers, handling of special attention cargo, earth work etc.

The Company is led by Promoters, MR. KHALID KHAN has an experience of more than 23 years in the industry in which the company operates. He holds a Bachelor’s degree in the field of Arts; MR. PRAVAT KUMAR NANDI has an overall experience of more than 2 decades in the business; MS. PARBATI PRIYA NANDI has more than 20 years of business experience, she's well-prepared to handle big projects and MS. FOUZIA KHAN.

The Revenues from operations for the period ended on Sep 30, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 13,794.19 Lakh, ₹ 21,162.03 Lakh, ₹ 20,280.84 Lakh and ₹ 18,869.10 Lakh respectively. The EBITDA for the period ended on Sep 30, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 1,311.19 Lakh, ₹ 3,581.32 Lakh, ₹ 2,576.58 Lakh, and ₹ 2,204.04 Lakh, respectively. The Profit after Tax for the period ended on Sep 30, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 517.61 Lakh, ₹ 1,502.16 Lakh, ₹ 655.53 Lakh, and ₹ 284.29 Lakh respectively. This indicates a steady growth in financial performance.

The Company Key Performance Indicates the pre-issue EPS of ₹ 14.15 and post-issue EPS of ₹ 9.44 for FY24. The pre-issue P/E ratio is 6.93x, while the post-issue P/E ratio is 10.38x against the Industry P/E ratio is 25x. The company's ROCE for FY24 is 26.61%, ROE for FY24 is 33.62% and RoNW 27.45%. The Annualised EPS based on the latest financial data is ₹ 9.12 and PE ratio is 10.74x. These metrics suggest that the IPO is fairly priced.

The Grey Market Premium (GMP) of Paradeep Parivahan showing listing gains of 0.00 %. Given the company's financial performance and the valuation of the IPO, we recommend Investors to Avoid to the Paradeep Parivahan Limited IPO for Listing gain.

Disclaimer: The information provided in this IPO review is for educational and informational purposes only and should not be construed as financial advice or an offer to buy or sell securities. The review must not be used as a singular basis of any investment decision. The views herein are of a general nature and do not consider the risk appetite or the particular circumstances of an individual investor; readers are requested to take professional advice before investing. Nothing in this document should be construed as investment advice. The content is based on publicly available information and market perceptions as of the date of publication and is subject to change. Neither the author nor the website is responsible for any losses or damages arising from the use of this information. 

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 during the training period. He is good at Technical analysis and Fundamental Analysis and uses both Technical and Fundamental analysis along with five other important factors that affect the movement of the Market namely Global Market Analysis, Upcoming Event Analysis, Institutional Money Analysis, Derivative Data Analysis, and Emotions and Sentiment of Traders and Investors in his Framework called - Technical Fundamental GUIDE to find the winning Trades.