Samvardhana Motherson Finance (SMFL) IPO: Review & Recommendations

The IPO of Samvardhana Motherson Finance (SMFL) opens on May 2, 2012 with a price band of Rs. 113 – 118.

This post is to collect all the recommendations by experts which might help you to take a decision to invest in SMFL IPO.

Brokers Recommendation Download Report
SMC Investor who has high risk appetite can opt for this issue SamvardhanaMotherson-IPO_SMC
Aditya Birla Money Avoid SamvardhanaMotherson-IPO_Adita birla money
Angel Broking Avoid

Below are the recommendations by various newspapers.

Newspaper Recommendation Link
Economic Times Expensive Link
Business Standard only investors with a long term horizon might consider this investment Link

SMFL Financials:

[table style=”1″]

FY09 FY10* FY11 9M’FY12
Net sales (Rs cr) 936 5,061 5,716 6,025
Change (%) 82.1 440.7 12.9
Ebitda (Rs cr) 138 377 503 263
Change (%) 89 173.2 33.4
Ebitda margin (%) 14.7 7.5 8.8 4.4
Change in bps -720 130
Net profit (Rs cr) 58 76 192 -152
Change (%) 31 152.6 -179.2
Diluted EPS (Rs) 1.8 1.9 3


You can look at the SMFL IPO reports from broker houses and newspapers and decide for yourself if you would like to go with SMFL or not!

You can read more about SMFL IPO here.

If you find any other report please let me know through comments section or email me at [email protected]

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