Incorporated in March 2021, Excellent Wires and Packaging Limited manufactures a wide range of wires and wire ropes under the brand name "Excellent", including various types such as Spring Steel Wire, High Carbon Wire, Galvanised Wire (GI Wire), and others for multiple applications.
The company's products can be categorised into the following: (1) Brass Wires & Products, (2) Steel Wires & Products and (3) Other Products viz. Packaging Products. The company sells its products to B2B customers, and all its sales are from B2B customers in India.
Excellent Wires and Packaging Limited's revenue increased by 6%, and profit after tax (PAT) rose by 696% between the financial year ending with March 31, 2024 and March 31, 2023.
Industry Outlook:
- The domestic cables and wires industry has registered robust growth over the last five years, led by the government’s focus on providing power to all and gradual pickup from the housing market. The Cable and Wires (C&W) industry is expected to grow at a compound annual growth rate (CAGR) of 12% over FY 2021- 26.
- Growth is expected to be driven by upbeat construction activity in the housing sector and government initiatives in the power and infrastructure sectors. Further, the electrification of rural villages and households, improved transmission and distribution systems, and increased demand for renewable power generation will drive the growth of electrical cables.
Excellent Wires and Packaging IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Acquisition of Land and construction of Building
- Acquisition of Plant & Machineries
- Funding additional Working capital requirements and
- General Corporate Purposes
Peer Details
The companies considered by Excellent Wires and Packaging as its peers include:
- Bedmutha Industries Limited
- KEI Industries Limited
- Rajratan Global Wire Limited
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Contact Details of Excellent Wires and Packaging Limited IPO
- Registered office: Gala No. 1, Jyoti Industrial Estate Vevoor Village, Ganesh Nagar, Palghar - E, Thane, Palghar-401404
- Phone: +91 98202 85767
- E-mail: info@excellentwiresandpackaging.com
IPO Financials
| Particulars | Year ending on March 31, 2024 | Year ending on March 31, 2023 |
|---|---|---|
| Revenue From Operations (in ₹ lakh) | 1,540.82 | 1,448.46 |
| Profit After Tax (PAT) (in ₹ lakh) | 82.98 | 10.43 |
| Cash & Cash Equivalents (in ₹ lakh) | 75.50 | 15.30 |
| Net Worth (in ₹ lakh) | 397.09 | 17.11 |
| Return on Networth (%) | 20.90% | 60.96% |
| Earning Per Share (EPS)-in absolute ₹ | 3.32 | 0.42 |
Know before investing
Strengths
3Excellent Wires and Packaging has diversified its product offerings to cater to broader customer needs.
The company currently has 880 MTPA installed capacity and plans to purchase new plant and machinery to add 1,310 MTPA installed capacity.
The company plans to extend its presence to customers in the Gujarat region to serve a wider customer base and capitalise on new opportunities.
Risks
3The company’s total debts are increasing on a YoY basis, which can be a concern, affecting financial stability and potentially increasing risk.
Instability in raw materials prices could impact business performance, as raw Materials costs constitute a significant percentage of our Company’s total expenses.
The company operates its business in a labour-intensive industry. Any challenges arising from labour could hamper business growth.
