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CEDAAR IPO

Cedaar Textile Limited

IPO Doc

Start Date30-06-2025

Application Timing10am-5pm

Price Range₹130 - ₹140

Min Qty1000

Min. Investment₹130000

Listing DateNA

Close Date02-07-2025

About Cedaar Textile Limited

Cedaar Textile Limited, incorporated in September 2020, is a yarn manufacturing company specializing in the production of melange yarn, solid top-dyed yarn, and grey fancy yarns. These yarns are used in household textiles, woven garments, and premium hosiery.

The company caters to both domestic and global fashion brands, delivering high-quality and textured yarns created by blending fibres such as cotton, polyester, viscose, and acrylic. With a well-structured production process and a team of 583 employees, Cedaar Textile is positioned as a scalable and export-ready textile manufacturer.

As of March 2024, the company recorded strong financial performance with a revenue of Rs.191.01 crore and a profit after tax of Rs.11.05 crore, showing robust growth and sustainability in the business.

Why To Invest in Cedaar Textile Limited

Strong Financial Metrics: Cedaar Textile has shown consistent revenue and profit growth over the years. PAT margin stands at 5.83% and EBITDA margin at 15.19% for FY24.

High ROE and ROCE: The Return on Equity (ROE) is an impressive 56.06% while Return on Capital Employed (ROCE) is 26.90%, indicating efficient utilization of capital.

Export-Driven Business: The company supplies yarns to reputed global fashion brands, ensuring diversified revenue streams and international exposure.

Utilization of IPO Proceeds: Funds will be used for machine modernization, solar energy installation, and working capital enhancement, which may improve production efficiency and cost-effectiveness.

Experienced Promoters: The management team includes industry veterans like Rajesh Mittal and Virender Goyal, ensuring strategic decision-making.

Financial Table

Period Ended	31 Dec 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	222.77	198.23	175.84	154.45
Revenue	113.91	191.01	161.88	220.44
Profit After Tax	7.06	11.05	4.59	7.99
EBITDA	-	28.81	15.63	15.26
Net Worth	60.70	25.24	14.19	9.60
Reserves and Surplus	51.17	17.74	13.94	9.35
Total Borrowing	120.63	146.15	137.01	121.01

Strengths And Risks

Diversified Product Portfolio: Cedaar Textile manufactures a wide range of yarns such as melange, solid top-dyed, and grey fancy yarns, catering to multiple segments within the textile industry. This helps in addressing varied market needs and ensures business resilience.

Export-Oriented Business Model: The company has a strong presence in both domestic and international markets, supplying yarns to reputed global fashion brands. This enhances revenue diversification and global reach.

Consistent Financial Growth: With a revenue of Rs 191.01 crore and a PAT of Rs 11.05 crore in FY24, the company has shown consistent growth. High margins and increasing net worth highlight financial strength.

Strong Return Ratios: The Return on Equity (ROE) stands at 56.06% and Return on Capital Employed (ROCE) at 26.90%, indicating efficient use of capital and healthy profitability.

Focus on Sustainability: The company plans to install a solar PV rooftop system, demonstrating its commitment to reducing operational costs and embracing sustainable energy solutions.

High Debt Levels: With a Debt-to-Equity ratio of 5.79, the company carries a significant amount of leverage. This could pose repayment challenges in unfavorable business conditions.

Limited Liquidity Due to SME Listing: Being listed on the NSE SME platform may limit trading volumes and investor participation compared to mainboard listings.

Volatility in Raw Material Prices: The business is dependent on raw materials like cotton, polyester, and viscose. Price fluctuations in these commodities can directly impact the company’s profit margins.

Highly Competitive Industry: The textile sector is fragmented and competitive, with several small and large players. Sustaining margins and customer loyalty could be challenging in such an environment.

FAQs

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Company

Astha Credit & Securities Pvt Ltd NSE, BSE & MCX SEBI Reg No:

INZ000187932

Membership ID:

NSE - 12227 BSE-6844 MCX - 40000 NSDL-IN303420 CDSL-94500

CIN:

U65929MP2003PTC016241

SEBI Depository Participant Reg No:

IN-DP-611-2021

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INH000013332

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ARN-35911

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We do proprietary trading

Client Bank Account Details:

Sr. No	Name of Bank Account	Bank Account Number	IFSC Code
1	ASTHA CREDIT AND SECURITIES P LTD - USCNBA A/c	00620340000150	HDFC0000062

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CEDAAR IPO

About Cedaar Textile Limited

Why To Invest in Cedaar Textile Limited