Subscribe for Diffusion Engineers Ltd; KR Choksey

KR Choksey, has come out with its report on Diffusion Engineers Ltd. The research firm has recommended to “ Subscribe” the ipo in its research report as on September 25 2024.

Broker Research

September 26, 2024 / 10:08 IST

IPO

KR Choksey, Diffusion Engineers Ltd

Diffusion Engineers Limited, established in 1982, has been a pioneer in the field of maintenance and repair welding solutions. The company offers an extensive range of products and services, primarily focused on industrial wear and repair applications. Over the years, Diffusion Engineers has expanded its expertise to include high-quality welding consumables, wear plates and specialized repair services aimed at increasing the longevity and efficiency of industrial equipment. With its headquarters based in Nagpur, Maharashtra, Diffusion Engineers caters to industries such as steel, cement, power and mining, providing them with tailored solutions to enhance productivity. The company is known for its commitment to technological innovation, which is evident in its state-of-the-art facilities and focus on research and development.

Valuation and Outlook

Currently, the company is attractively valued at a PE ratio of 20x on FY24 Adj EPS, which is at a discount relative to its peers. We assign a "SUBSCRIBE" rating to Diffusion Engineers Limited, given its robust business model and strategic initiatives aimed at sustaining long-term growth.

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