Aztec Fluids & Machinery Ltd. (AFML) offers coding and marking solutions for various industries. They provide printers, inks, and consumable items for printing important information like batch numbers and barcodes on different materials. Their average EPS over the last three years is Rs. 3.08, with an RoNW of 23.32%. The issue price is 3.37 times the book value, based on a NAV of Rs. 19.86 as of December 31, 2023.

Their profit margins have been around 7-9% for the last few years. While the company has shown steady growth, the IPO price seems high considering their earnings. The industry is competitive, so investing cautiously for medium-term gains might be wise.