Unimech Aerospace and Manufacturing Limited

As per financial performance, Unimech Aerospace and Manufacturing Limited has posted total income / net profits of Rs 37.08 Cr / Rs 3.39 Cr (FY22), Rs 94.93 Cr / 22.81 Cr (FY23), Rs 213.79 Cr / Rs 58.13 Cr (FY24) and Rs 127.58 Cr / 38.68 Cr (H1 FY25). So as per previous financials data, company has shown exceptional growth. Company has an average EPS of Rs 8.47 and average RoNW of 44.38% for last three fiscals. Issue is priced at a P/BV of 9.17 as per NAV of Rs 85.65/- as on 30.09.24. If we attribute latest earnings of FY23, FY24 and annualised FY25 on equity post issue, then asking price is at a P/E of around 175, 68.67 and 59.72 respectively. As per RHP, comparison between listed peers is shown in above table. On BRLM's front, two lead managers are associated with this IPO, and have handled around 22 IPOs in last three fiscals. ( As on 23.12.24 ) As per financials, Unimech Aerospace and Manufacturing Limited has shown exceptional growth, RoNW is 53.5% and P/E is 175, 68.67 and 59.72 respectively as per FY23, FY24 and annualised FY25 earnings. So issue looks fairly priced when compared with peers. Company is engaged in providing engineering solutions for critical parts in Aero Tooling, ground support equipment etc., which is niche business segment. So, we give SUBSCRIBE rating for this IPO. Readers must consult a qualified financial advisor prior to making any actual investment decisions.

• 1 Anil Kumar P
• 2 Ramakrishna Kamojhala
• 3 Mani P
• 4 Rajanikanth Balaraman
• 5 Preetham S V