Sri Priyanka Geo CommexIPO Review — Financials, Valuation & Peers
A data-only look at the Sri Priyanka Geo Commex IPO: restated financials, valuation ratios, the RHP peer group and third-party analyst views. ipostation does not rate IPOs — nothing here is a recommendation.
Financials (₹ Cr)
| Period Ended | Revenue | PAT | EBITDA | Net Worth | Total Assets | Borrowings | EPS (₹) |
|---|---|---|---|---|---|---|---|
| FY 2023 | 219.48 | 1.33 | 4.08 | 19.04 | 66.88 | 25.1 | — |
| FY 2024 | 250.19 | 2.04 | 6.05 | 21.24 | 67.27 | 33.91 | — |
| FY 2025 | 266.65 | 9.82 | 16.46 | 31.8 | 81.22 | 35.43 | — |
| Dec 2025 (interim) | 249.67 | 17.76 | 26.15 | 51.05 | 157.71 | 53.29 | 8.34 |
Restated figures from the offer document. Amounts in ₹ crore; EPS in ₹ per share. FY = the 12 months ended 31 March. Interim periods cover part of a year and are not comparable to the full-year rows.
KPIs & Valuation
- P/E (pre-issue)
- 25.42x
- P/E (post-issue)
- 14.54x
- RoNW
- 34.78%
- RoE
- 42.86%
- RoCE
- 46.17%
- Debt / Equity
- 1.04
- EPS (pre-issue)
- ₹8.34
- EPS (post-issue)
- ₹14.58
- EBITDA Margin
- 10.53%
- PAT Margin
- 7.15%
- P/BV
- 7.85x
- NAV / share
- ₹43.34
- Market Cap
- ₹344.22 Cr
As of 31 Dec 2025 (latest reported period in the offer document). Market cap is computed on a post-issue basis at the upper price band.
Peer Comparison
| Company | EPS (₹) | NAV (₹) | P/E | RoNW | Statements |
|---|---|---|---|---|---|
| Sri Priyanka Geo Commex | 8.34 | 27 | — | 30.88% | Consolidated |
| Gujarat Mineral Development Corporation | 21.57 | 201.63 | 12.63x | 10.7% | Consolidated |
Peer group as disclosed in the offer document, figures as of 31 Mar 2025. The issuer’s P/E is computed at the upper price band.
Promoters & Shareholding
Promoters: Venkata Sai Shiv Prasad Nuthalapati, Ravi Kumar Nuthalapati and Veera Vikram Nuthalapati
- Holding (pre-issue)
- 100%
- Holding (post-issue)
- 72.54%
- Dilution
- 27.46%
Analysis in brief
Margin and return profile
Away from the price multiples, the offer document also discloses the shape of the underlying business. Sri Priyanka Geo Commex operates at an EBITDA margin of 10.53% and a net (PAT) margin of 7.15% — the share of revenue retained at the operating and the net level respectively. Capital efficiency reads at a return on capital employed (RoCE) of 46.17% and a return on equity (RoE) of 42.86%. At the upper band, the post-issue market capitalisation works out to about ₹344.22 crore. These are offer-document figures for the latest reported period (as of 31 Dec 2025); they describe the business as disclosed, not how the stock will trade.
Objects of the issue
Per the offer document, the company intends to deploy the net proceeds primarily toward investment in our wholly owned subsidiary geo min commodities pte.ltd., singapore for funding of its working capital requirements (₹47 crore), alongside funding of working capital requirements of company (₹16.5 crore). In all, 4 objects are disclosed.
Financials
In FY2025, Sri Priyanka Geo Commex reported revenue of ₹249.67 crore and a net profit of ₹17.76 crore. Revenue grew from ₹219.48 crore in FY2023 to ₹249.67 crore in FY2025 (+14.0%). Net worth stood at ₹51.05 crore at the end of FY2025. At the upper band, that puts the issue at roughly 25.4× FY2025 earnings (P/E), a figure worth comparing against listed peers in the sector.
Valuation
At the upper band, the issue is priced at 14.54× post-issue earnings and 7.85× book value, against a return on net worth of 34.78% and a debt-to-equity ratio of 1.04. These ratios come from the offer document and are for comparison, not a recommendation.
Promoters
The promoters of the company are Venkata Sai Shiv Prasad Nuthalapati, Ravi Kumar Nuthalapati and Veera Vikram Nuthalapati. Promoter holding stands at 100% before the issue and comes down to 72.54% after listing.
Frequently asked questions
- What is the reservation split in the Sri Priyanka Geo Commex IPO?
- Of the total shares offered, retail investors get 69.31%, QIBs 0.98%, non-institutional investors 29.71%.
- Who are the promoters of Sri Priyanka Geo Commex and what is their holding?
- The promoters are Venkata Sai Shiv Prasad Nuthalapati, Ravi Kumar Nuthalapati and Veera Vikram Nuthalapati. Promoter holding is 100% before the issue and 72.54% after listing.
- What is the P/E ratio of the Sri Priyanka Geo Commex IPO?
- At the upper price band, the Sri Priyanka Geo Commex IPO is valued at 25.42× pre-issue earnings and 14.54× post-issue earnings, based on the financials disclosed in the offer document.
- What are the objects of the Sri Priyanka Geo Commex IPO?
- The net proceeds go primarily toward investment in our wholly owned subsidiary geo min commodities pte.ltd., singapore for funding of its working capital requirements, among 4 disclosed objects.