Indifra IPO Financial Analysis

What they Do?

Gas pipeline construction, distribution of electrical equipment, and contracting for infrastructure management are all services offered by Indifra Limited. Starleads Consultants Private Limited was the company's former name.

The company has Two Business Vertical

The organization handles the pipeline management for gas supply firms.

Indifra’s Major Client’s

Financial Summary

Analysis

1. Assets: The company Indifra demonstrated consistent growth in its reported assets over the three-year period from 2021 to 2023, increasing from ₹230 lakhs to ₹630 lakhs. This upward trend suggests a positive trajectory in the company's financial health and operational performance, indicating potential strength and stability in its business operations as of June 30, 2023.

2. Revenue: Indifra experienced a substantial increase in revenue over the three-year period from 2021 to 2023, with reported figures rising from ₹64.28 lakhs to ₹1,092.41 lakhs. However, the significant decrease in revenue from 2022 to 2023, dropping to ₹306.54 lakhs, may warrant further investigation to understand the factors contributing to this decline and assess the company's overall financial performance.

3. Profit After Tax: Indifra exhibited a positive trend in its profit after tax over the three-year period from 2021 to 2023, initially recording ₹11 lakhs in 2021 and reaching a peak of ₹99 lakhs in 2023. However, there was a notable decrease in profitability by the end of June 2023, dropping to ₹4 lakhs. This decline raises concerns and may necessitate a closer examination of the company's financial strategies and performance drivers during this period.
 

Indifra-IPO Peer Comparison

Analysis

Indifra Limited, with a face value of ₹10 and a current market price of ₹65.00, demonstrates a moderate EPS of ₹5.79 and a relatively low P/E ratio of 11.23, indicating a reasonable valuation. The company boasts a robust RoNW of 82.45%, showcasing efficient capital utilization. The NAV per equity share is ₹9.92, while revenue from operations stands at ₹1001.05 lakhs.

Analysis

1. In comparison to its peer RBM Infracon Limited, Indifra has a higher EPS, lower P/E ratio, and superior RoNW, suggesting stronger profitability and financial efficiency. 

2. However, RBM Infracon exhibits a higher NAV per equity share and significantly larger revenue from operations at ₹8319.27 lakhs, indicating potential differences in scale and business operations.