1. 

   PrashantJ New Member

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   Oct 10, 2015

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   Any views on powermech.
   
   There is subdued response on listing after IPO (IPO subscribed 38 times) and now it is up 2% up.
   Seems to having good order book, PE is around 12(as per IPO ducuments)
   
   is it worth investing for long term horizon?

    

   PrashantJ, Oct 21, 2015

   #1
2. 

   Meenakshi Razdan Administrator Staff Member Moderator

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   Mar 19, 2015

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   Yes, it was quite surprising that despite an over subscription of 38 times, the stock listed below the issue price. The financials look quite good. The ROCE is about 21% while the RONW is about 22%. The debt:equity ratio is also reasonable at 0.74. I suggest you wait for the September Quarter results and then take a call.

    

   Meenakshi Razdan, Oct 21, 2015

   #2

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