The company manufactures and exports cold rolled stainless steel, coil and stainless steel flexible hose pipes. Quality Foil was started by its promoters as a partnership business and later converted to a private company. It has over 30 years of experience in the industry and markets its products under the brand name Quality.
Their only manufacturing unit in Hisar, Haryana, has an annual installed capacity of 12,000 MT. The products have different use cases in steel, power, petrochemicals, sugar, automobile, and other heavy engineering sectors.
Quality Foils (India) Ltd. IPO Objective
The company proposes to utilise the funds in the following areas.
- To meet working capital requirements
- General corporate purposes
- Cover issue expenses
Why should you invest in Quality Foils (India) Ltd.?
Here are your top reasons to bid for the Quality Foils (India) Limited IPO.
- Their quality-conscious business model has earned them international recognition, such as ISO 9001:2015 and ISO 45001:2018 from TUV SUD South Asia Pvt. Ltd & Quality Research Organisation.
- Instead of diversifying, the company specialises in two core products with multiple use cases.
- They cater to a diverse clientele located in India and abroad. They have been exporting since 2005 to countries in the European Union, Germany, the UK, Philippines, Sri Lanka, Turkey, Poland, and Bogotá Colombia.
Quality Foils (India) Ltd. Noteworthy highlights
- Quality foils earned a profit of ₹205.99 lakh during the period that ended on September 30, 2022.
- The business for Quality Foils comes from new projects and repair and maintenance, ensuring a stronger order book.
Quality Foils India Company Financials
Particulars | Revenue from Operation (₹ lakh) | Year ending on March 31, 2022 (₹ lakh) |
---|---|---|
Revenue from Operation | 10,445.27 | 17,978.58 |
Profit After Tax (PAT) | 205.99 | 161.88 |
EBITDA | 410.47 | 695.58 |
Current Asset | 4,843.94 | 5,514.31 |
Current Liabilities | 4,409.03 | 4,910.98 |
Know before investing
Strengths
3The company has been in the same business for 30 years plus which gives it an edge.
Plans to expand their global footprint by adding more foreign markets to their existing list.
In-house teams for quality assurance and R&D to meet and adapt to new technology.
Risks
3There are some legal cases pending against the company promoters.
A lack of long-term contracts can affect the company’s future cash flow.
Dependency on a limited number of customers for the majority of revenue.