MV Electrosystems IPO — Broker Reviews

MVEL is a technology-driven manufacturer of railway rolling stock components, but its top and bottom-line performance has been erratic across recent fiscals. With negative FY26 earnings, the issue effectively carries a negative P/E and looks steeply priced against the company's three-year financial trend. Its main draw is a sizeable order book (~₹921.64 Cr as of June 30, 2026). The reviewer suggests only well-informed investors consider it for the medium-to-long term, while others may prefer to stay away.