QVC Exports Limited is a company specialising in the trade of ferro alloys and raw materials crucial for steel manufacturing. The company deals in various types of ferro alloys, such as high carbon silico manganese, low carbon silico manganese, high carbon ferro manganese, high carbon ferro chrome, and ferro silicon.
QVC Exports has developed a unique business model where it procures raw materials like manganese ore, chrome ore, and coke for manufacturers of ferro alloys and then purchases and resells the finished products to both domestic and international steel manufacturers. This inward and outward approach has allowed QVC Exports to build a robust and reliable customer and supplier base, effectively serving manufacturers at different stages of the steel supply chain.
As of March 31, 2024, 82.95% of the company’s revenue came from export operations, with its products reaching markets in Taiwan, Japan, Bangladesh, Vietnam, Thailand, Turkey, Afghanistan, Korea, Italy, Ukraine, the United Kingdom, Belgium, and Oman, among others. The company imports manganese ore and manganese ore lumps from reputable suppliers in Hong Kong and France.
QVC Exports is committed to quality and uses independent inspection agencies like Bureau Veritas, IRA, and SGS to ensure that products meet the highest standards. The company also has a rigorous supplier selection process, which includes visiting mines and manufacturing units to verify quality practices. This dedication to quality has earned QVC Exports ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certifications from Bureau Veritas. The company’s financial performance has shown significant growth, with revenues and profits increasing steadily over recent fiscal years.
Industry Outlook:
- The global ferro alloys market is poised to grow from USD 139.5 billion in 2022 to USD 204.2 billion by 2030, with a CAGR of 5.6%. The growing demand in the ferro alloys market presents significant export opportunities for QVC Exports Limited.
- The Asia Pacific region dominates the market, contributing over 61% of the global revenue in 2021, with China leading as a major producer and consumer.
- The ferrosilicon segment is expected to grow at a CAGR of 8.1% from 2022 to 2028, driven by its essential role in reducing metals from oxides and enhancing the quality and durability of steel products.
QVC Exports IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Utilise ₹109 lakh to repay unsecured loans, helping QVC Exports Limited reduce its financial liabilities and strengthen its balance sheet.
- To Allocate ₹900 lakh toward funding the company’s working capital requirements, ensuring smooth business operations and improving liquidity for daily expenses.
- The remaining funds will be directed towards general corporate purposes, supporting overall business growth and addressing miscellaneous financial needs.
Peer Details
As per DRHP, there are no comparable listed companies in India that are engaged in all aspects of QVC Exports' business. Accordingly, it is not possible to provide an industry comparison in relation to QVC Exports Limited.
How to Check the Allotment Status of the QVC Exports IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app
- Go to the individual order details page of the IPO that you had applied for.
- Check the IPO allotment status. As such, Angel One will notify you of your IPO allotment status via push notification, email, and SMS.
Contact Details of QVC Exports Limited IPO
- Registered office: 6th Floor, South City Business Park 770, EM Bypass, Anandapur, Adarsha Nagar, E.K.T, Kolkata- 700 107, West Bengal, India.
- Phone: +91 332 419 7677
- E-mail: office@qvcgroup.com
IPO Financials
| Particulars | Year ending on March 31, 2024 | Year ending on March 31, 2023 |
|---|---|---|
| Revenue From Operations (in ₹ lakh) | 44,598.65 | 20,724.19 |
| Profit After Tax (PAT) (in ₹ lakh) | 604.92 | 230.32 |
| Cash & Cash Equivalents (in ₹ lakh) | 188.89 | 324.18 |
| Net Worth (in ₹ lakh) | 3,407.90 | 2,802.99 |
| EBITDA (in ₹ lakh) | 1071.42 | 441.19 |
| Return on Capital Employed (RoCE) (%) | 34.22 | 14.74 |
| Return on Equity (ROE) (%) | 7.20 | 8.22 |
| Reserves and Surplus (in ₹ lakh) | 2,567.73 | 2,382.91 |
Know before investing
Strengths
6QVC Exports Limited has long-standing relationships with key customers and suppliers, boosting its reputation in the refractory industry.
The company ensures top-notch quality in its products through rigorous checks and independent inspections, enhancing customer satisfaction.
QVC Exports offers a wide range of products, allowing it to cater to a diverse clientele across various industries.
The Company benefits from experienced promoters and a professional management team, driving growth and market expansion.
QVC Exports reduces warehousing and storage costs by supplying products directly from suppliers to customers, increasing revenue margins.
The company focuses on improving operational efficiencies to enhance competitiveness and increase market share.
Risks
6QVC Exports Limited may face significant business disruption if adverse orders arise from ongoing GST inquiries.
The company’s lack of long-term contracts with customers poses a risk to revenue stability.
The company's profitability is vulnerable to price fluctuations in traded products.
A downturn in the steel industry could severely impact QVC Exports Limited's business operations.
Failure to maintain or renew necessary licenses could disrupt QVC’s operations.
The company’s revenue is heavily dependent on export markets, exposing it to geopolitical and economic risks.
