Patel Retail IPO Review

The Patel community, rooted in Gujarat, Bharat, is a close-knit family of farmers whose heritage is deeply intertwined with the fertile lands of the western region. Their rich agricultural tradition reflects a harmonious connection with the soil, cultivating not just crops but a legacy of hard work and resilience. The Patels have sown the seeds of community bonds, nurturing a collective spirit that thrives amidst the fields they call home.

The company is led by promoters, DHANJI RAGHAVJI PATEL who has over twenty-five (25) years of experienc, BECHAR RAGHAVJI PATEL has over twenty-five (25) years of experience and HIREN BECHAR PATEL has over ten (10) years of experience in the line of business in which this Company operates.

The Revenues from operations for the Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 82,599.01 Lakh, ₹ 81,771.25 Lakh and ₹ 1,01,980.36 Lakh. The EBITDA for the Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 6,243.27 Lakh, ₹ 5,583.95 Lakh and ₹ 4,323.96 Lakh. The Profit after Tax for the Fiscals ended on Mar 31, 2025, 2024 and 2023 were were ₹ 2,527.81 Lakh, ₹ 2,253.34 Lakh and ₹ 1,637.97 Lakh respectively. This indicates a steady growth in financial performance.

The Company Key Performance Indicates the pre-issue EPS of ₹ 10.3 and post-issue EPS of ₹ 7.57 for FY24. The pre-issue P/E ratio is 24.75x, while the post-issue P/E ratio is 33.69x against the Industry P/E ratio is 52x. The company's ROCE for FY24 is 14.43%, ROE for FY24 is 19.02% and RoNW is 19.02%. These metrics suggest that the IPO is fairly priced.

The Grey Market Premium (GMP) of Patel Retail 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 Patel Retail 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.