Founded in 2009, Bulkcorp International Limited specialises in the production and distribution of Food-Grade Flexible Intermediate Bulk Container (FIBC) bags. The company offers a range of customisable packaging solutions, including eight variations of FIBC bags (Jumbo Bags) and container liners.
Bulkcorp's manufacturing unit, located in Changodar, Ahmedabad, adheres to the BRC Global Standard for Packing and Packaging Materials and has achieved Grade A certification. The company is also certified with ISO 9001:2015, ISO 14001:2015, ISO 45001:2018, and holds BRC certification, reflecting its commitment to quality, environmental management, and occupational health and safety standards.
The company's products serve a diverse array of industries, such as agriculture, chemicals, construction, food, pharmaceuticals, and mining. Bulkcorp has successfully exported its products to numerous countries, including the United States of America, Canada, the United Kingdom, South Africa, Ivory Coast, South Korea, Spain, various European nations, and Egypt.
As of May 31, 2024, Bulkcorp International Limited employs 195 people, including workers. With a strong emphasis on quality and customisation, the company continues to provide reliable packaging solutions to meet the specific needs of its global clientele.
Industry Outlook:
- The global FIBC market is projected to reach US$ 12.6 billion by 2033, growing at a CAGR of 5.4% from 2023's US$ 7.5 billion.
- Flexible intermediate bulk containers carrying at least 750 kg are preferred, with the FIBC industry forecasted to grow at a CAGR of 5.8% from 2023 to 2033.
Bulkcorp International Limited IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Capital Expenditure
- To Meet Working Capital Requirements
- General Corporate Purpose
Peer Details
The companies considered by Bulkcorp International as its peers include:
- Rishi Techtex Limited
- Jumbo Bag Limited
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Contact Details of Bulkcorp International Limited IPO
- Registered office: 309, Safal Prelude, Corporate Road, Off Prahalad Nagar Audagarden, Ahmedabad– 380 015, Gujarat, India
- Phone: +91-79-4899 6823
- E-mail: compliance@bulkcorp-int.com
IPO Financials
| Particulars | Year ending on March 31, 2024 | Year ending on March 31, 2023 |
|---|---|---|
| Revenue From Operations (in ₹ lakh) | 4,518.25 | 3,847.07 |
| Profit After Tax (PAT) (in ₹ lakh) | 355.90 | 121.22 |
| Cash & Cash Equivalents (in ₹ lakh) | 4.63 | 1.95 |
| Net Worth (in ₹ lakh) | 934.06 | 478.16 |
| Debt to Equity Ratio(x) | 0.68 | 1.13 |
| Return on Equity (%) | 50.40% | 29.03% |
| Return on Capital Employed (RoCE) (%) | 45.53% | 23.54% |
| Earning Per Share (EPS)-in absolute ₹ | 6.47 | 2.23 |
Know before investing
Strengths
6Diverse FIBC product range with eight customisable varieties.
ISO 9001:2015, 14001:2015, 45001:2018, and BRC certifications.
Strong client base and long-term business relationships.
Experienced management team with 35 years of industry expertise.
In-house manufacturing with 4800 MTPA capacity in Ahmedabad.
Exporting to USA, Canada, UK, South Korea, and more.
Risks
6Business operations in leased premises may disrupt continuity.
Revenue concentration in Gujarat and the USA limits diversification.
Reliance on top 10 suppliers for 98% of purchases.
Dependence on top 10 customers for over 90% sales.
Operational disruption risks at a single manufacturing facility.
Exports constitute 68% of revenue, vulnerable to currency fluctuations.
