PRO FX Tech IPO Review

PRO FX is engaged in the distribution of AV (Audio-Video) products, including but not limited to amplifiers & processors, turn-tables, audio streamers, speakers, subwoofers, sound bars, and cables. In addition to distribution, they excel in designing and implementing customized AV solutions for home theatres, premium home automation, multi-room audio systems, and bespoke AV solutions for corporate customers. Their association with global suppliers/manufacturers of renowned brands such as Denon, Polk, Definitive Technology, KEF, Theory, Pro Audio Technology, JBL, and Revel provide us with distribution rights, ensuring their customers have access to the latest AV innovations and the highest quality international products.

The Promoter and Managing Director, Mr. Manmohan Ganesh and Shreya Nambiar have an experience of more than 33 years and 6 years respectively in the same line of business. Manmohan Ganesh is supported by their Whole-time Director and Chief Financial Officer, Mr. Appadurai Manuel Santhana Joekumar, who has approx. 30 years of experience in same industry and taking care of business development, Sales, Accounts and Finance, general administration & operations of the Company. 

The Revenues from operations for the Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹  13,005.42 Lakh, ₹ 11,094.27 Lakh and ₹  9,625.94 Lakh. The EBITDA for the Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹  1,795.34 Lakh, ₹  1,504.83 Lakh and ₹  1,076.20 Lakh. The Profit after Tax for the Fiscals ended on Mar 31, 2025, 2024 and 2023 were were ₹ 1,223.75 Lakh, ₹ 943.65 Lakh and ₹ 714.18 Lakh respectively. This indicates a steady growth in financial performance.

The Company Key Performance Indicates the pre-issue EPS of ₹ 9.51 and post-issue EPS of ₹ 6.99 for FY24. The pre-issue P/E ratio is 9.14x, while the post-issue P/E ratio is 12.44x. The company's ROCE for FY24 is 43.58%, ROE for FY24 is 39.71% and RoNW is 33.15%. These metrics suggest that the IPO is fairly priced.

The Grey Market Premium (GMP) of PRO FX Tech showing listing gains of 10.34 %.Given the company's financial performance and the valuation of the IPO, we recommend Risky Investors to Apply to the PRO FX Tech 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.