Retaggio Industries IPO Review

Retaggio Industries is a Jewellery manufacturing company with a strong presence and experience in catering to B2B segment of the industry. They specialize in the production and sale of a wide range of jewellery products, including gold jewellery, diamond jewellery, precious stones, and other fancy jewellery and bullion in the form of coins and bars.

The Founders Mr. Savinay Lodha, Promoter and Managing Director and Ms. Nidhi Lodha, Promoter and Non-Executive Director who together have as experience of over a decade in the gems and jewellery industry and with their innovative business ideas, customer relationship, in-depth knowledge and excellent management skills, have served the customers proficiently. 

The Revenues from operations for the period ended on Sep 30, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 902.89 Lakh, ₹ 2,327.83 Lakh, ₹ 2,306.59 Lakh and ₹ 0.00 Lakh respectively. The EBITDA for the period ended on Sep 30, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 158.12 Lakh, ₹ 518.35 Lakh, ₹ 415.91 Lakh, and ₹ 0.64 Lakh, respectively. The Profit after Tax for the period ended on Sep 30, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 81.13 Lakh, ₹ 334.11 Lakh, ₹ 308.99 Lakh, and ₹ -0.64 Lakh respectively. This indicates a steady growth in financial performance.

The Company Key Performance Indicates the pre-issue EPS of ₹ 3.57 and post-issue EPS of ₹ 2.15 for FY24. The pre-issue P/E ratio is 7.00x, while the post-issue P/E ratio is 11.65x. The company's ROCE for FY24 is 17.04%, ROE for FY24 is 19.74% and RoNW 17.99%. The Annualised EPS based on the latest financial data is ₹ 1.74 and PE ratio is 14.36x. These metrics suggest that the IPO is fairly priced.

The Grey Market Premium (GMP) of IRetaggio Industries 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 Retaggio Industries 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.