Pashupati Mishra

IPO Analyst | Equity & Index Options Trader | NISM Series VIII Certified | Data • Discipline • Risk | For Educational Purposes Only

[Pashupati Mishra @Pashupati8797]

I share educational insights on
📌 IPO Analysis
📌 Index & Stock Options
📌 Risk Management in Trading
I focus on Risk-Reward, not tips.
Follow for structured market learning 📈
(Views for educational purposes only)
I am not a SEBI Registered investment Advisor.

[Pashupati Mishra @Pashupati8797]

🇮🇳🔥 INDIA WINS! 🇮🇳🏆
Another victory against Pakistan 💪 One more GOLD MEDAL for India at the Asian Games 2026! 🥇
The tricolour shines brighter with every victory! 🇮🇳✨

ONE MORE GOLD, ONE MORE REASON TO BE PROUD! 🥇🔥

#AsianGames2026 #GoldMedal #IndiaVsPakistan #ProudIndian #TeamIndia 🇮🇳
#AsianGame2026

[Pashupati Mishra @Pashupati8797]

📉 Indian Market in Panic Mode!

Sensex April 2026 low: 71,545
Current level: ~71,620

My view 👇

🔹 The market is approaching a crucial support zone.
🔹 A bounce-back is possible if this level holds.
🔹 IT index is trading in the green today.
🔹 Several stocks are also near important support levels.

⚠️ Next major support to watch: 70,200

Will the market respect this support and bounce back, or break below it? The price action will be important to watch.

This is just my personal view, not a prediction.

Not a SEBI-registered investment adviser. DYOR.

#Sensex #Nifty50 #StockMarketIndia #MarketUpdate #StockMarket

[Pashupati Mishra @Pashupati8797]

🚀 MONEYVIEW makes a strong debut!
Listed at ₹55 vs IPO price of ₹34 — a 61.76% listing gain 🔥

Congratulations to allottees! 🥳📈
#Moneyview #MoneyviewIPO #IPO #IPOListing #StockMarket #InvestingIndia

[Pashupati Mishra @Pashupati8797]

Moneyview IPO at ₹34: cheap fintech or leveraged lending story?

It’s the ₹5,485 Cr borrowing.

Moneyview is a digital financial services and lending platform.
In simple terms, it connects customers with loans and other financial products through banks, NBFCs and other financial partners.
Personal loans are its flagship business.

Moneyview operates as a Lending Service Provider (LSP), while its own NBFC subsidiary, Whizdm Finance (WFPL), also lends directly to customers.

Its platform offers:
• Personal Loans
• Credit Cards
• Home Loans
• Loan Against Property
• Earned Wage Access
• Insurance
• Digital Gold
• UPI & Bill Payments

As of June 2026:
Registered Users: 14.03 crore
Monetised Users: 1.19 crore
Financial Partners: 48
Managed AUM: ₹22,520 crore

IPO Details 💰
Price Band: ₹32–34
Upper Band: ₹34
Fresh Issue: ₹750 crore
Total IPO Size: ~₹1,092 crore

Fresh issue utilisation:

👉 ₹325 crore — to drive growth in loan disbursals under DLG arrangements
👉 ₹250 crore — investment in WFPL to strengthen its capital base
👉 Balance — General Corporate Purposes
Important:
The IPO proceeds are NOT primarily being used to repay debt.
The company is raising capital mainly to expand its lending business.

Financial Performance 📈

Revenue from Operations
FY24: ₹1,342 crore
FY25: ₹2,339 crore
FY26: ₹3,351 crore
Q1 FY27: ₹1,041 crore

PAT
FY24: ₹171 crore
FY25: ₹240 crore
FY26: ₹243 crore
FY26 PAT before exceptional items was approximately ₹397 crore.
Loan disbursals grew from ₹17,621 crore in FY25 to ₹23,099 crore in FY26 — ~31% growth.

Major Risk Factors ⚠️
The biggest risk is credit quality.
Gross Stage 3 Loans:
FY24: 0.94%
FY25: 1.88%
FY26: 2.74%
June 2026: 2.72%

At the same time, impairment expense increased:
FY24: ₹253 crore
FY25: ₹668 crore
FY26: ₹984 crore
Impairment / Average AUM:
2.46% → 4.51% → 5.16%
So credit losses need to be watch

Why is borrowing so high?
As of June 2026:
Borrowings: ₹5,485 crore
On-book loans: ~₹5,379 crore
Cash & equivalents: ~₹1,342 crore
Net worth: ₹2,415 crore
Approximate Debt/Equity = 2.27x
Why?
Because Moneyview is increasingly becoming a balance-sheet lending business.
WFPL borrows money → lends it to customers → earns interest income → pays interest on borrowings → keeps the spread.

Debt securities accounted for around 66% of borrowings as of June 2026.
The company had 50 debt partners, including 17 banks.

Positives ✅
• Strong revenue growth
• Loan disbursals growing rapidly
• 14+ crore registered users
• 48 financial partners
• Managed AUM of ~₹22,520 crore
• Growing monetised user base
• Technology/AI-driven underwriting
• Multiple financial products
• Diversified funding sources
• Loan margin improved from 7.48% in FY24 to 8.55% in FY26

Negatives ❌

• Impairment expense has increased sharply
• Stage 3 loans have increased materially
• Credit-cycle risk
• DLG exposes Moneyview to a portion of credit losses
• Top 10 financial partners contributed 39.02% of Q1 FY27 revenue
• IPO money is largely going toward lending growth rather than debt repayment

Final Take

At ₹34, I find the growth + lending story interesting, while the leverage and credit risks need to be monitored carefully.

I think the valuation is reasonable relative to the listed peer P/E range

I AM APPLYING FOR THIS IPO. 🚀

This is my personal analysis,only for educational purposes,not a guarantee of listing gains or future returns.
#MoneyviewIPO #IPO #stockmarket

[Pashupati Mishra @Pashupati8797]

Orient Cables IPO Allotment Status will be available on kfintech

https://t.co/oWQkDEnnhG

#ipoallotment #Orinetcables

[Pashupati Mishra @Pashupati8797]

Adroit Industries — Up 85%+
Adroit Industries is currently trading at around ₹248, which is 85%+ above its issue price 🔥📈
Strong move! 💥
#AdroitIndustries #IPO #StockMarket #InvestingIndia #IPOIndia

[Pashupati Mishra @Pashupati8797]

🚨 ADROIT INDUSTRIES IPO —
I am applying this IPO

Adroit Industries (India) Ltd is engaged in manufacturing propeller shaft assemblies and torque-transmission/driveline components for automotive and non-automotive applications.

The company has 5,250 SKUs and operates an integrated manufacturing process covering forging, machining, heat treatment, assembly, balancing and testing.

📊 FINANCIAL PERFORMANCE — LAST 3 YEARS
Revenue: FY24 ₹124.53 Cr | FY25 ₹133.89 Cr | FY26 ₹139.94 Cr

EBITDA: FY24 ₹29.69 Cr | FY25 ₹31.02 Cr | FY26 ₹38.71 Cr

EBITDA Margin: FY24 23.84% | FY25 23.17% | FY26 27.66%

PAT: FY24 ₹14.53 Cr | FY25 ₹18.14 Cr | FY26 ₹26.16 Cr

PAT Margin: FY24 11.67% | FY25 13.55% | FY26 18.69%

Net Worth: FY24 ₹87.82 Cr | FY25 ₹103.53 Cr | FY26 ₹128.63 Cr
RoNW: FY24 18.95% | FY25 18.94% | FY26 22.51%
RoCE: FY24 15.07% | FY25 15.76% | FY26 19.01%
Debt/Equity: FY24 0.94x | FY25 0.63x | FY26 0.41x

Export Revenue: FY24 ₹104.48 Cr | FY25 ₹116.68 Cr | FY26 ₹121.24 Cr

💰 IPO DETAILS
Price Band: ₹126–₹134
Fresh Issue: 132 cr
OFS: 18 cr
Total Offer: 150 cr
At ₹134, FY26 EPS of ₹7.48 implies approximately 17.9x P/E.

FY26 P/E:
Adroit at ₹134: ~17.9x FY26 EPS

Where will IPO money go?
• ₹19.91 Cr → Dewas facility capex
• ₹43.96 Cr → Pithampur facility capex through subsidiary
• ₹24.12 Cr → Repayment/prepayment of subsidiary borrowings
• GCP → Balance amount

✅ POSITIVE FACTORS
🟢 EBITDA margin improved to 27.66% in FY26.
🟢 PAT increased from ₹14.53 Cr → ₹26.16 Cr in two years.
🟢 RoNW improved to 22.51%.
🟢 RoCE improved to 19.01%.
🟢 Debt/Equity reduced significantly from 0.94x → 0.41x.

⚠️ KEY RISK FACTORS
🔴 Export concentration: 95.39% of FY26 product sales were from exports.
🔴 US concentration: The US contributed around 51.28% of FY26 product sales.
🔴 Customer concentration: Top 10 customers contributed 60.86% of FY26 product sales.
🔴 Working capital: Net working capital remained high at 237 days in FY26.
🔴 Inventory: Inventory days stood at 135 days in FY26.
🔴 Receivables: Debtor days stood at 111 days in FY26.

ONLY FOR EDUCATIONAL PURPOSES
DYOR

#AdroitIndustries #AdroitIndustriesIPO #IPO #IPOAnalysis #StockMarket

[Pashupati Mishra @Pashupati8797]

4 Mainboard IPOs closing today 👇
🟢 Orient Cables — I am applying
🔴 AceVector — I am avoiding
🔴 German Green Steel & Power — I am avoiding
🔴 Runwal Enterprises — I am avoiding
Disclaimer: For educational purposes only. Not investment advice. Please do your own research before investing.
#IPO #OrientCables #AceVector #GermanGreenSteel #RunwalEnterprises #StockMarket #InvestingIndia

[Pashupati Mishra @Pashupati8797]

2 Mainboard IPOs closing today 👇
🔹 Moneyview IPO — I am applying.
🔹 AOne Steel IPO — I am not applying.
Not investment advice. Do your own research before investing.
#IPO #MoneyviewIPO #AOneSteelIPO #IPOIndia #StockMarket #InvestingIndia

[Pashupati Mishra @Pashupati8797]

2 Mainboard IPOs closing today 👇
🔹 Moneyview IPO — I am applying.
🔹 AOne Steel IPO — My decision will depend on the final subscription data, especially QIB/NII response.
Will look at the subscription numbers before taking a call on AOne Steel.
Not investment advice. Do your own research before investing.
#IPO #MoneyviewIPO #AOneSteelIPO #IPOIndia #StockMarket #InvestingIndia

[Pashupati Mishra @Pashupati8797]

2 Mainboard IPOs closing today 👇
🔹 Moneyview IPO — I am applying.
🔹 AOne Steel IPO — My decision will depend on the final subscription data, especially QIB/NII response.
Will look at the subscription numbers before taking a call on AOne Steel.
Not investment advice. Do your own research before investing.
#IPO #MoneyviewIPO #AOneSteelIPO #IPOIndia #StockMarket #InvestingIndia

[Pashupati Mishra @Pashupati8797]

Orient Cables IPO

Orient Cables is into networking cables, power & optical-fibre cables, harnesses and EV charging cable assemblies.

IPO: ₹552 Cr
• Fresh Issue: ₹320 Cr
• OFS: ₹232 Cr
• Price Band: ₹258–₹272
• Fresh money mainly for ₹91.5 Cr capex + ₹155.5 Cr debt repayment.

Financials — ₹Cr
FY24
Revenue: 657.8 | EBITDA: 58.8 | PAT: 40.1

FY25
Revenue: 825.0 | EBITDA: 83.9 | PAT: 53.3

FY26
Revenue: 1,171.7 | EBITDA: 96.4 | PAT: ~53.8

Revenue CAGR FY24–FY26: ~33.5%
But here is the catch:
FY26 Revenue +42%
FY26 PAT only ~1%
So growth is clearly visible, but profit conversion has not kept pace with revenue growth. EBITDA margin also declined from 10.17% in FY25 to 8.23% in FY26.

Cash Flow — Important ⚠️
Operating cash flow:
FY24: +₹42 Cr
FY25: -₹9.8 Cr
FY26: -₹26.6 Cr
At the same time, borrowings increased to ₹234 Cr in FY26 and ₹258 Cr by June 2026.

Working-capital days went from 14 → 27 → 48 days.

Customer Risk ⚠️
Top 10 customers contributed 76.5% of FY26 revenue.
The largest customer alone contributed 25.75%.
Q1 FY27 top-10 concentration was even higher at ~84%.

Valuation
At ₹258–₹272, FY26 EPS of ₹5.27 means:
P/E = ~49x–52x
RHP peers include Polycab, KEI, Finolex Cables, RR Kabel, Havells and others.
Orient Cables looks around the peer valuation range, but not cheap.

Using 45x P/E

FY28E EPS ~₹7.59 → ₹342
growth is an assumption, not company guidance.

Positives ✅
• 33.5% FY24–26 revenue CAGR
• Strong recent revenue growth
• Specialty power & optical-fibre business growing rapidly
• Debt repayment through IPO proceeds
• Q1 FY27 EBITDA margin improved to ~11.2%
Negatives ❌
• PAT almost flat in FY26
• Margin compression
• Negative operating cash flow
• Rising working capital
• Rising debt
• Very high customer concentration

The key question isn't “Can revenue grow?”
It is:
“Can the company convert that revenue growth into 20%+ sustainable EPS growth and better cash flow?”
That will ultimately decide whether the ~49–52x IPO valuation works.

Disclaimer: For educational purposes only. Not investment advice. Please do your own research before investing.
#OrientCables #OrientCablesIPO #IPO #StockMarket

[Pashupati Mishra @Pashupati8797]

A-One Steels IPO — Full Analysis

A-One Steels India Limited is a steel manufacturing company with 6 manufacturing facilities across Karnataka and Andhra Pradesh. Its product portfolio includes TMT bars, MS billets, sponge iron, HR/CR coils, pipes, met coke and ferro alloys.

💰 IPO Details
• Price Band: ₹385–₹405
• Lot Size: 37 shares
• Upper-band investment: ₹14,985
• Issue Size: ₹405 Cr
• Fresh Issue: ₹355 Cr
• OFS: ₹50 Cr
• IPO closes: 28 September 2026
• Proposed listing: 1 October 2026

FY26 showed a strong improvement in profitability, with EBITDA margin rising to 7.29%.
But there is one important concern:
FY26 Operating Cash Flow was only ~₹63 Cr, while PAT was ~₹127 Cr. Free cash flow was also negative at ~₹5.7 Cr.

🏦 Where will IPO money go?
The biggest point:
₹250 Cr out of the ₹355 Cr fresh issue is planned for debt repayment.
So this IPO is not just about expansion — a major objective is balance-sheet deleveraging.

⚠️ Key Risks
🔴 Steel is a cyclical business
🔴 Raw materials form a very large part of costs
🔴 Net debt was ~₹985 Cr in FY26
🔴 Cash generation is much lower than reported profit
🔴 Margins need to remain sustainable
🔴 Business remains capital intensive

💵 Valuation
At ₹405 IPO price:
• FY26 Revenue: ~₹4,167 Cr
• FY26 EBITDA: ~₹304 Cr
• EBITDA Margin: 7.29%
• FY26 PAT: ~₹127 Cr
• Diluted EPS: ~₹18.47
• IPO PE: ~21.9x
• Debt/Equity: 1.17x

So A-One Steels is coming at a lower PE than all three listed peers on the cited FY26 number

The company has shown a significant improvement in FY26 profitability, but the key question is whether it can maintain these margins while reducing debt and improving cash flows.

📌 My Key Takeaway
A-One Steels is an interesting steel + deleveraging story.

The positives are improving margins, diversified products, integrated manufacturing and planned debt reduction.
The major things to watch are raw-material costs, EBITDA margin, debt and operating cash flow.

This is only my analysis for educational purposes. Do your own research before investing.
#Aonesteel #ipo

[Pashupati Mishra @Pashupati8797]

Moneyview IPO at ₹34: cheap fintech or leveraged lending story?

It’s the ₹5,485 Cr borrowing.

Moneyview is a digital financial services and lending platform.
In simple terms, it connects customers with loans and other financial products through banks, NBFCs and other financial partners.
Personal loans are its flagship business.

Moneyview operates as a Lending Service Provider (LSP), while its own NBFC subsidiary, Whizdm Finance (WFPL), also lends directly to customers.

Its platform offers:
• Personal Loans
• Credit Cards
• Home Loans
• Loan Against Property
• Earned Wage Access
• Insurance
• Digital Gold
• UPI & Bill Payments

As of June 2026:
Registered Users: 14.03 crore
Monetised Users: 1.19 crore
Financial Partners: 48
Managed AUM: ₹22,520 crore

IPO Details 💰
Price Band: ₹32–34
Upper Band: ₹34
Fresh Issue: ₹750 crore
Total IPO Size: ~₹1,092 crore

Fresh issue utilisation:

👉 ₹325 crore — to drive growth in loan disbursals under DLG arrangements
👉 ₹250 crore — investment in WFPL to strengthen its capital base
👉 Balance — General Corporate Purposes
Important:
The IPO proceeds are NOT primarily being used to repay debt.
The company is raising capital mainly to expand its lending business.

Financial Performance 📈

Revenue from Operations
FY24: ₹1,342 crore
FY25: ₹2,339 crore
FY26: ₹3,351 crore
Q1 FY27: ₹1,041 crore

PAT
FY24: ₹171 crore
FY25: ₹240 crore
FY26: ₹243 crore
FY26 PAT before exceptional items was approximately ₹397 crore.
Loan disbursals grew from ₹17,621 crore in FY25 to ₹23,099 crore in FY26 — ~31% growth.

Major Risk Factors ⚠️
The biggest risk is credit quality.
Gross Stage 3 Loans:
FY24: 0.94%
FY25: 1.88%
FY26: 2.74%
June 2026: 2.72%

At the same time, impairment expense increased:
FY24: ₹253 crore
FY25: ₹668 crore
FY26: ₹984 crore
Impairment / Average AUM:
2.46% → 4.51% → 5.16%
So credit losses need to be watch

Why is borrowing so high?
As of June 2026:
Borrowings: ₹5,485 crore
On-book loans: ~₹5,379 crore
Cash & equivalents: ~₹1,342 crore
Net worth: ₹2,415 crore
Approximate Debt/Equity = 2.27x
Why?
Because Moneyview is increasingly becoming a balance-sheet lending business.
WFPL borrows money → lends it to customers → earns interest income → pays interest on borrowings → keeps the spread.

Debt securities accounted for around 66% of borrowings as of June 2026.
The company had 50 debt partners, including 17 banks.

Positives ✅
• Strong revenue growth
• Loan disbursals growing rapidly
• 14+ crore registered users
• 48 financial partners
• Managed AUM of ~₹22,520 crore
• Growing monetised user base
• Technology/AI-driven underwriting
• Multiple financial products
• Diversified funding sources
• Loan margin improved from 7.48% in FY24 to 8.55% in FY26

Negatives ❌

• Impairment expense has increased sharply
• Stage 3 loans have increased materially
• Credit-cycle risk
• DLG exposes Moneyview to a portion of credit losses
• Top 10 financial partners contributed 39.02% of Q1 FY27 revenue
• IPO money is largely going toward lending growth rather than debt repayment

Final Take

At ₹34, I find the growth + lending story interesting, while the leverage and credit risks need to be monitored carefully.

I think the valuation is reasonable relative to the listed peer P/E range

I AM APPLYING FOR THIS IPO. 🚀

This is my personal analysis,only for educational purposes,not a guarantee of listing gains or future returns.
#MoneyviewIPO #IPO #stockmarket

[Pashupati Mishra @Pashupati8797]

4 MAINBOARD IPOs CLOSING TODAY!

Today is the last day to apply for:
1️⃣ Adroit Industries
2️⃣ ArMee Infotech
3️⃣ Swastika Infra
4️⃣ Elevate Campuses

👉 I’m applying only for Adroit Industries.
Why Adroit?
👇
⚠️ Disclaimer: For educational purposes only. Not investment advice or a recommendation.

[Pashupati Mishra @Pashupati8797]

🚨 ADROIT INDUSTRIES IPO —
I am applying this IPO

Adroit Industries (India) Ltd is engaged in manufacturing propeller shaft assemblies and torque-transmission/driveline components for automotive and non-automotive applications.

The company has 5,250 SKUs and operates an integrated manufacturing process covering forging, machining, heat treatment, assembly, balancing and testing.

📊 FINANCIAL PERFORMANCE — LAST 3 YEARS
Revenue: FY24 ₹124.53 Cr | FY25 ₹133.89 Cr | FY26 ₹139.94 Cr

EBITDA: FY24 ₹29.69 Cr | FY25 ₹31.02 Cr | FY26 ₹38.71 Cr

EBITDA Margin: FY24 23.84% | FY25 23.17% | FY26 27.66%

PAT: FY24 ₹14.53 Cr | FY25 ₹18.14 Cr | FY26 ₹26.16 Cr

PAT Margin: FY24 11.67% | FY25 13.55% | FY26 18.69%

Net Worth: FY24 ₹87.82 Cr | FY25 ₹103.53 Cr | FY26 ₹128.63 Cr
RoNW: FY24 18.95% | FY25 18.94% | FY26 22.51%
RoCE: FY24 15.07% | FY25 15.76% | FY26 19.01%
Debt/Equity: FY24 0.94x | FY25 0.63x | FY26 0.41x

Export Revenue: FY24 ₹104.48 Cr | FY25 ₹116.68 Cr | FY26 ₹121.24 Cr

💰 IPO DETAILS
Price Band: ₹126–₹134
Fresh Issue: 132 cr
OFS: 18 cr
Total Offer: 150 cr
At ₹134, FY26 EPS of ₹7.48 implies approximately 17.9x P/E.

FY26 P/E:
Adroit at ₹134: ~17.9x FY26 EPS

Where will IPO money go?
• ₹19.91 Cr → Dewas facility capex
• ₹43.96 Cr → Pithampur facility capex through subsidiary
• ₹24.12 Cr → Repayment/prepayment of subsidiary borrowings
• GCP → Balance amount

✅ POSITIVE FACTORS
🟢 EBITDA margin improved to 27.66% in FY26.
🟢 PAT increased from ₹14.53 Cr → ₹26.16 Cr in two years.
🟢 RoNW improved to 22.51%.
🟢 RoCE improved to 19.01%.
🟢 Debt/Equity reduced significantly from 0.94x → 0.41x.

⚠️ KEY RISK FACTORS
🔴 Export concentration: 95.39% of FY26 product sales were from exports.
🔴 US concentration: The US contributed around 51.28% of FY26 product sales.
🔴 Customer concentration: Top 10 customers contributed 60.86% of FY26 product sales.
🔴 Working capital: Net working capital remained high at 237 days in FY26.
🔴 Inventory: Inventory days stood at 135 days in FY26.
🔴 Receivables: Debtor days stood at 111 days in FY26.

ONLY FOR EDUCATIONAL PURPOSES
DYOR

#AdroitIndustries #AdroitIndustriesIPO #IPO #IPOAnalysis #StockMarket

[Pashupati Mishra @Pashupati8797]

🚨 JSW ONE PLATFORMS FILES DRHP FOR IPO

JSW One Platforms has filed its DRHP for an IPO of up to ₹3,054 Cr.

💰 Fresh Issue: ~₹1,300 Cr
📤 OFS: ~₹1,754 Cr

🏦 Shareholder Quota Alert!

Investors holding shares of JSW Steel Ltd. and JSW Cement Ltd. should keep an eye on the IPO.

👉 Eligible shareholders may get a shareholder reservation quota, subject to the final offer document and applicable eligibility/record-date conditions.

📈 FY26 Revenue: ~₹5,743 Cr
⚠️ FY26 Loss: ~₹106 Cr

JSW One Platforms operates a B2B platform serving MSMEs and businesses across the industrial ecosystem.

#JSWOne #IPO #JSWSteel #JSWCement #IPO2026

[Pashupati Mishra @Pashupati8797]

🚨 ADROIT INDUSTRIES IPO —
I am applying this IPO

Adroit Industries (India) Ltd is engaged in manufacturing propeller shaft assemblies and torque-transmission/driveline components for automotive and non-automotive applications.

The company has 5,250 SKUs and operates an integrated manufacturing process covering forging, machining, heat treatment, assembly, balancing and testing.

📊 FINANCIAL PERFORMANCE — LAST 3 YEARS
Revenue: FY24 ₹124.53 Cr | FY25 ₹133.89 Cr | FY26 ₹139.94 Cr

EBITDA: FY24 ₹29.69 Cr | FY25 ₹31.02 Cr | FY26 ₹38.71 Cr

EBITDA Margin: FY24 23.84% | FY25 23.17% | FY26 27.66%

PAT: FY24 ₹14.53 Cr | FY25 ₹18.14 Cr | FY26 ₹26.16 Cr

PAT Margin: FY24 11.67% | FY25 13.55% | FY26 18.69%

Net Worth: FY24 ₹87.82 Cr | FY25 ₹103.53 Cr | FY26 ₹128.63 Cr
RoNW: FY24 18.95% | FY25 18.94% | FY26 22.51%
RoCE: FY24 15.07% | FY25 15.76% | FY26 19.01%
Debt/Equity: FY24 0.94x | FY25 0.63x | FY26 0.41x

Export Revenue: FY24 ₹104.48 Cr | FY25 ₹116.68 Cr | FY26 ₹121.24 Cr

💰 IPO DETAILS
Price Band: ₹126–₹134
Fresh Issue: 132 cr
OFS: 18 cr
Total Offer: 150 cr
At ₹134, FY26 EPS of ₹7.48 implies approximately 17.9x P/E.

FY26 P/E:
Adroit at ₹134: ~17.9x FY26 EPS

Where will IPO money go?
• ₹19.91 Cr → Dewas facility capex
• ₹43.96 Cr → Pithampur facility capex through subsidiary
• ₹24.12 Cr → Repayment/prepayment of subsidiary borrowings
• GCP → Balance amount

✅ POSITIVE FACTORS
🟢 EBITDA margin improved to 27.66% in FY26.
🟢 PAT increased from ₹14.53 Cr → ₹26.16 Cr in two years.
🟢 RoNW improved to 22.51%.
🟢 RoCE improved to 19.01%.
🟢 Debt/Equity reduced significantly from 0.94x → 0.41x.

⚠️ KEY RISK FACTORS
🔴 Export concentration: 95.39% of FY26 product sales were from exports.
🔴 US concentration: The US contributed around 51.28% of FY26 product sales.
🔴 Customer concentration: Top 10 customers contributed 60.86% of FY26 product sales.
🔴 Working capital: Net working capital remained high at 237 days in FY26.
🔴 Inventory: Inventory days stood at 135 days in FY26.
🔴 Receivables: Debtor days stood at 111 days in FY26.

ONLY FOR EDUCATIONAL PURPOSES
DYOR

#AdroitIndustries #AdroitIndustriesIPO #IPO #IPOAnalysis #StockMarket

[Pashupati Mishra @Pashupati8797]

📊 NIFTY INTRADAY VIEW
Support: 23,250–23,280 🟢
Resistance: 23,400–23,450 🔴
Watch these levels closely for the intraday setup.
A sustained move above/below these zones could decide the next direction.
#Nifty #Nifty50 #StockMarket #Intraday #TradingIndia

[Pashupati Mishra @Pashupati8797]

@DontstopAmit @AngelOne @NSEIndia Hi Amit
Facing the same issue
Booked loss

[Pashupati Mishra @Pashupati8797]

@AngelOne 21 September 2026, there was a technical issue on your platform due to which I was unable to exit my open position. After some time, the position was eventually squared off.

Today, 22 September 2026, I noticed that an open short position was present in my account, which I had to exit manually. Due to this issue, I incurred a loss .

This loss was caused due to what appears to be a technical/system-related issue on your platform.

I request you to:

1. Investigate the technical issue and the sequence of orders/positions on my account.

2 . Refund/reimburse the loss incurred due to this technical issue.

Is there anyone here who is facing the same issue ?
#stockmarket

[Pashupati Mishra @Pashupati8797]

I am NOT applying for the NSE IPO.

Whatever the listing price may be—up or down of Issue Price —I will consider the stock only after listing.

If your view is only for a 5–10% listing gain, the secondary market is always there.

If you have a long-term view, don’t be afraid if the stock trades below the IPO price for some time. Good investments can take time to play out.

Most importantly, do your own research and make your own decision.

My approach: Wait for the listing, then decide.
#NSEIPO

[Pashupati Mishra @Pashupati8797]

The new U.S. law doesn't simply say “India gets a 100% tariff”; it creates a legal mechanism allowing the U.S. to impose tariffs of up to 100% on major purchasers of Russian energy, with India and China potentially among the countries affected.

@grok explain

[Pashupati Mishra @Pashupati8797]

Why is there such a significant difference in the closing prices of Rentomojo Limited on NSE and BSE? The closing price is ₹482.45 on NSE and ₹532.95 on BSE, a difference of ₹50.50 (approximately 10.47%).
#rentomojo