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Home»IPO Analysis»Sanathan Textiles Limited | IPO Analysis
IPO Analysis

Sanathan Textiles Limited | IPO Analysis

Vicky NagarBy Vicky Nagar19 December 2024Updated:19 December 2024No Comments3 Mins Read
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Company Profile

Sanathan Textiles Limited operates in three primary yarn business segments:

  1. Polyester Yarn Products
  2. Cotton Yarn Products
  3. Technical Textiles and Industrial Application Yarns

The company distinguishes itself by offering products across polyester, cotton, and technical textile categories, catering to a variety of end-use industries, including automotive, healthcare, construction, sports, outdoor gear, and protective clothing.

As of June 30, 2024, its Silvassa facility has an installed capacity of 223,750 MTPA across these three segments. By September 30, 2024, the company had developed over 3,200 active yarn varieties and 45,000 SKUs, with the potential to produce over 14,000 yarn types and 190,000 SKUs for various applications.

Sanathan Textiles serves a global market, with a network of more than 925 distributors spanning seven countries, including India, Argentina, Singapore, Germany, Greece, Canada, and Israel. Its value-added product portfolio includes dope-dyed, superfine, micro, functional, industrial, and technical yarns, as well as specialty yarns such as cationic dyeable varieties, all supported by advanced in-house R&D capabilities.


Objectives of the Issue

The IPO comprises both a fresh issue and an offer for sale. The company will not receive any proceeds from the offer for sale. Funds raised through the fresh issue are allocated for the following purposes:

  1. Debt Reduction: Repayment or prepayment, in full or part, of certain borrowings availed by the company.
  2. Subsidiary Investment: Infusion of funds into Sanathan Polycot Pvt Ltd for repayment or prepayment of specific borrowings.
  3. General Corporate Expenses: Allocation of funds for operational and strategic needs.

Summary of Financial Information:

Period Ended 30 Jun 2024 31 Mar 2024 31 Mar 2023 31 Mar 2022
Assets 2,529.53 2,203.68 1,906.67 1,796.47
Revenue 787.76 2,979.80 3,345.02 3,201.46
Profit After Tax 50.07 133.85 152.74 355.44
Net Worth 1,324.06 1,273.98 1,140.13 987.39
Total Borrowing 644.93 379.88 281.00 378.19
Amount in Rs. Crore

Comparison with Listed Peers:

Company Name P/E P/B RoE (%)*
Sanathan Textiles Ltd 12 2 11
K.P.R. Mill Ltd 46 8 20
Vardhman Textiles Ltd 20 2 7
Indo Count Industries Ltd 26 4 17
Filatex India Ltd 26 2 10
Garware Technical Fibres Ltd 42 8 19
*As of June 30, 2024

Key IPO Details:

  • IPO Dates: 19 to 23 December, 2024
  • Price Band: Rs. 305 to Rs. 321 per share
  • Lot Size: 46 shares
  • Issue Size: Rs. 550 Crores (Fresh Issue: 400 Cr.)
  • Retail Quota: 35%
  • Listing Date: 27th Dec, 2024
  • GMP: 10%+ (for informational purposes only)
Allotment Link

Note: For additional information & risk factors please refer to the Red Herring Prospectus

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Disclaimer: We are not SEBI registered. All the views are personal and only for educational purposes. Do your due diligence before making any trading or investing decisions. The data provided in this blog post is for illustrative purposes only and does not constitute financial advice. Always consult with a qualified financial advisor before making investment decisions.

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Vicky Nagar
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Vicky Nagar is an equity trader with 5+ years of experience in trading and investing. He has expertise in equity valuation, sectoral analysis, index analysis, and in identifying the market trends. He is a NISM Certified Research Analyst. Formerly a relationship manager at Kotak Mahindra Bank Limited in the Agri-Business Group, he also has teaching experience at KS School of Business Management, Gujarat University, and as an Academic Associate at IRMA (Institute of Rural Management Anand). He holds a BBA (Gold Medalist) and an MBA (Gold Medalist) in Marketing.

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