Supertech EV IPO Review

Supertech EV Limited is an innovative company brings new generation smart electric vehicles. They deal in manufacturing, assembling supplying, exporting and distribution of battery operated passenger & commercial vehicles which are certified by INTERNATIONAL CENTRE FOR AUTOMOTIVE TECHNOLOGY “Pilot”.

The Promoters, Mr. Yetender Sharma, Mr. Jitender Kumar Sharma and Ms. Geetanjali Sharma has an experience of around 20 years, 25 years and 15 years respectively. The Company shall also endeavor to ensure that relevant professional help is sought as and when required in the future.

The Revenues from operations for the Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 7,51,911.07 Thousand, ₹ 6,51,408.08 Thousand and ₹ 23,750.20 Thousand. The EBITDA for the Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 96,582.07 Thousand, ₹ 74,696.29 Thousand and ₹ 969.77 Thousand. The Profit after Tax for the Fiscals ended on Mar 31, 2025, 2024 and 2023 were were ₹ 61,935.77 Thousand, ₹ 50,228.10 Thousand and ₹ 635.73 Thousand respectively. This indicates a steady growth in financial performance.

The Company Key Performance Indicates the pre-issue EPS of ₹ 6.82 and post-issue EPS of ₹ 5.01 for FY24. The pre-issue P/E ratio is 13.48x, while the post-issue P/E ratio is 18.36x. The company's ROCE for FY24 is 47.95%, ROE for FY24 is 36.66% and RoNW is 47.95%. These metrics suggest that the IPO is fairly priced.

The Grey Market Premium (GMP) of Supertech EV 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 Supertech EV 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.