Raghuvir EXIM Limited has been in the textile industry for over three decades, focusing on transforming semi-finished fabrics into high-quality finished products. Their core offerings include an array of home textiles like bedsheets, pillowcases, duvet covers, comforters, quilts, and curtains, crafted from a diverse range of fabrics such as polyester, cotton blends, modal, tencel, and poly cotton.
The company is recognised as a "Star Export House" and a "Two Star Export House" by the Directorate General of Foreign Trade. Their export-centric approach has been pivotal in driving their growth, with a significant portion of their revenues derived from exports to over 25 countries, prominently including the USA, Canada, UK, Israel, and Australia.
Over the years, they have not only expanded their product line but also strengthened their operations. Their revenue growth, PAT, and EBITDA reflect a consistent upward trajectory, showcasing financial stability and market leadership.
Their strategic initiatives include expanding production capacities with the setup of two new stitching units, demonstrating commitment toward innovation, quality, and customer satisfaction in the textile domain.
Industry Outlook:
- The global economy is stabilising with growth rates of 3.1% to 3.2% annually, despite a slight slowdown from the Russia-Ukraine conflict and inflation. This stability, supported by resilient major economies and relaxed fiscal policies, creates a favourable environment for international trade and investment.
- India's textile industry, contributing 3% to GDP and 14% to manufacturing output, stands as a key player in the nation's economy. Exporting textiles and apparel globally, it ranks second in man-made fibre production and third in textile exports.
Raghuvir EXIM Limited IPO Details
Raghuvir EXIM Limited IPO Dates
The exact dates are yet to be announced.
Raghuvir EXIM Limited IPO Price Band
Raghuvir EXIM Limited is a book-built Issue IPO. The price range per share has yet to be announced.
Raghuvir EXIM Limited IPO Lot Size
The lot size is yet to be announced.
Raghuvir EXIM Limited IPO Objectives
The company plans to allocate the net proceeds from the issuance to the following purposes:
- Raghuvir EXIM Limited plans to use funds of ₹1,128.68 million to establish two Stitching Units in Ahmedabad, Gujarat, aimed at expanding manufacturing capacities and introducing new home textile products.
- The remaining funds will be utilised for general corporate purposes, such as for prepayment/repayment of borrowings, strategic initiatives, acquisitions, business development, fixed asset acquisition, administrative expenses, salaries, taxes, and duties as per corporate requirements.
Peer Details
The following are the listed peers of Raghuvir EXIM Limited:
- KPR Mill Limited
- Trident Limited
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Contact Details of Raghuvir EXIM Limited IPO
- Registered office: 1035/A, Near Ayodhya Township, Rancharda Road, Shilaj, Shilaj, Daskroi,Ahmedabad-380059
- Phone: +91 85305 58 745
- E-mail:cs@raghuvirexim.com
IPO Financials
| Particulars | As of September 30,2023 | Year ending on March 31, 2023 | Year ending on March 31, 2022 |
|---|---|---|---|
| Revenue (in ₹ million) | 1,552.52 | 2,507.89 | 2,722.79 |
| Profit After Tax (PAT) (in ₹ million) | 119.63 | 192.38 | 70.46 |
| Return on Capital Employed (ROCE) (%) | 9.59 | 18.78 | 9.42 |
| Net Worth (in ₹ million) | 965.09 | 845.15 | 651.92 |
| Return on Net Worth (RoNW) (%) | 13.22 | 25.70 | 11.43 |
| EBITDA (in ₹ million) | 224.31 | 362.13 | 192.61 |
Know before investing
Strengths
4Raghuvir EXIM Limited, with experienced management, serves a global customer base and is positioned for growth through strategic expansion in home textiles and operational efficiency.
The company strengthens its market position by acquiring high-quality fabric capabilities, reducing debt, and enhancing profitability through economies of scale and efficient resource management.
Raghuvir EXIM boasts strong client and supplier relationships, offering competitive advantages like favourable pricing, exclusive designs, and efficient payment terms, ensuring a stable working capital cycle.
Risks
4Raghuvir EXIM Limited faces the risk of raw material shortages and quality issues due to the absence of long-term agreements with suppliers, potentially impacting operations and financial stability.
The company's reliance on agricultural land for manufacturing facilities poses a risk of regulatory non-compliance, potential penalties, and operational disruptions, affecting its reputation and financial condition.
Delays or cost overruns in setting up new manufacturing facilities could negatively impact Raghuvir EXIM Limited's financial health, operational efficiency, and growth prospects, leading to possible dilution of shareholder interests.
The company's heavy reliance on exports, particularly to the United States of America, Canada, and other overseas regions, exposes it to risks associated with international market developments and political-economic relations.
