Stallion India Fluorochemicals IPO Review

Stallion India Fluorochemicals Limited, commonly known as Stallion, is a Mumbai-based company founded by Shazad Sheriar Rustomji. Their primary objective is to establish themselves as a reliable supplier of refrigerants and various gases, catering to both bulk and small cylinder/container requirements. With nearly two decades of extensive experience in large-scale Fluorochemicals debulking bottling & distribution, they specialize in manufacturing refrigerants and other gases by blending two or more gases to create new formulations.

The Comapny have an experienced Board of Directors and key managerial personnel, led by the Promoter, Shazad Sheriar Rustomji, who serves as the Promoter and Managing Director. His experience over 30 years in the domain of Fluorochemicals & Specialty Gases has significantly contributed to our company's development.

The Revenues from operations for the period ended on Sep 30, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 14,153.16 Lakh, ₹ 23,622.63 Lakh, ₹ 22,606.35 Lakh and ₹ 18,634.07 Lakh respectively. The EBITDA for the period ended on Sep 30, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 2,553.76 Lakh, ₹ 2,670.48 Lakh, ₹ 1,559.89 Lakh, and ₹ 3,300.88 Lakh, respectively. The Profit after Tax for the period ended on Sep 30, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 1,656.51 Lakh, ₹ 1,478.83 Lakh, ₹ 975.30 Lakh, and ₹ 2,110.97 Lakh respectively. This indicate a steady growth in financial performance.

The Company Key Performance Indicates the pre-issue EPS of ₹ 2.54 and post-issue EPS of ₹ 1.86 for FY24. The pre-issue P/E ratio is 35.43x, while the post-issue P/E ratio is 48.28x against the Industry P/E ratio is 57x. The company's ROCE for FY24 is 13.96%, ROE for FY24 is 12.54% and RoNW 12.54%. The Annualised EPS based on the latest financial data is ₹ 5.38 and PE ratio is 16.72x. These metrics suggest that the IPO is fairly priced.

The Grey Market Premium (GMP) of Stallion India Fluorochemicals showing potential listing gains of 44.44%. Given the company's financial performance and the valuation of the IPO, we recommend Investors to Apply to the Stallion India Fluorochemicals 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.