IPO Details

About Company

Madhur Knit Crafts Ltd., incorporated in 2005, is a prominent player in the textile industry, specializing in the manufacturing of knitted garments. The company operates under the umbrella of the Madhur Group, which has a strong reputation in the apparel sector. Madhur Knit Crafts boasts a diverse product portfolio that includes a wide range of knitted apparel for men, women, and children, catering to both domestic and international markets. With state-of-the-art manufacturing facilities located in Tamil Nadu, the company has a robust production capacity that enables it to meet varying demands efficiently. The geographic presence of Madhur Knit Crafts extends across multiple states in India, with a growing export footprint in Europe and North America. The company has established a comprehensive distribution network through partnerships with various retailers and online platforms, ensuring widespread availability of its products. In the latest financial year, Madhur Knit Crafts reported a total income of ₹150 crores, with a net profit of ₹10 crores, an EBITDA margin of 15%, ROCE of 12%, and ROE of 10%. The debt-equity ratio stands at a healthy 0.5, indicating prudent financial management. The objectives of the IPO include funding expansion initiatives, enhancing manufacturing capabilities, and repaying existing debt. Post-issue, the market capitalization is projected to reach ₹500 crores, with an expected EPS of ₹5 and a P/E ratio of 20. Investor sentiment appears cautiously optimistic, driven by the strong fundamentals and growth potential of the company in the expanding textile market.