28/10/2026
What is Piyush Jhunjhunwala’s take on the Bonfiglioli Transmissions IPO?
In his interaction with Mint, Piyush shared his perspective on the company’s valuation and what investors should look at before evaluating the offering.
With a strong position in industrial drive systems, established OEM relationships and a debt-free balance sheet, Bonfiglioli has several positives. However, valuation, dependence on the parent group and the sustainability of profitability remain important considerations.
At around 46 times calendar 2025 earnings, the valuation appears fair, but not inexpensive.
As Piyush’s perspective highlights, investors need to look beyond a company’s market position and assess whether its fundamentals justify the price.
Read the full Mint article: https://www.livemint.com/market/bonfiglioli-transmissions-ipo-price-band-valuation-11791955731566.html
For informational purposes only. This is not investment advice.
Armed with a 25% market share, debt-free balance sheet, and strong OEM lock-ins, Bonfiglioli hits the primary market at ₹558-586 per share. Analysts say the IPO is fairly priced, but not cheap.