Incorporated in August 1997, Madhur Knit Crafts Limited is a textile manufacturing company engaged in the production of fabrics, blankets, winter textiles, garments and other textile products. The Company commenced commercial operations in 2013 with a focus on manufacturing blankets and has since diversified its product portfolio to cater to consumer, industrial and institutional textile requirements
The Company operates an integrated yarn-to-cloth manufacturing model, undertaking processes including knitting, dyeing, printing, brushing, polishing, sueding, stentering, bonding and finishing. Its manufacturing facility is located in Ludhiana, Punjab, a well-established textile hub, providing access to raw materials, suppliers, logistics services and distribution networks. The facility is equipped with modern textile machinery sourced from Korea, Taiwan and China and is supported by an in-house Effluent Treatment Plant. The Company is also ISO 9001:2015 certified for its quality management system.
Madhur Knit Crafts follows a made-to-order production model, manufacturing products primarily against confirmed customer orders. Its products are marketed through wholesalers, distributors, retailers, institutional buyers and direct customer relationships across India. The Company also undertakes job work services, including dyeing, knitting and finishing, for third-party textile companies.
As of February 28, 2026, the Company had 177 employees, including Directors and Key Managerial Personnel, across finance and accounts, administration and HR, sales and marketing, production, quality control, stores, engineering and maintenance functions.
Strengths
| Period Ended | 28 Feb 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 159.97 | 122.59 | 90.60 |
| Total Income | 194.79 | 171.76 | 108.41 |
| Profit After Tax | 12.35 | 11.03 | 1.70 |
| EBITDA | 25.67 | 23.28 | 8.04 |
| NET Worth | 43.61 | 29.49 | 16.24 |
| Reserves and Surplus | 29.93 | 18.76 | 6.54 |
| Total Borrowing | 73.54 | 67.20 | 57.79 |
| Amount in ₹ Crore | |||
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Shreedhar Spinners Ltd. | SME | ₹30.68 Cr | ₹53 | 13.44 | ₹57.10 | +7.74% | ₹111.10 |
| Harikanta Overseas Ltd. | SME | ₹24.30 Cr | ₹91 | 14.66 | ₹75.77 | -16.74% | ₹70.60 |
| Yajur Fibres Ltd. | SME | ₹120.41 Cr | ₹174 | 23.49 | ₹132.25 | -23.99% | ₹33.65 |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure for the purchase of Solar panel. | 3.68 |
| 2 | Working Capital Requirement of the Company. | 15.92 |
| 3 | Prepayment or repayment of a portion of certain outstanding borrowings availed by the Company | 20.85 |
| 4 | General Corporate Purposes | |
| Total | 40.44 |
| KPI | Feb 28, 2026 | Mar 31, 2025 |
|---|---|---|
| ROE | 28.33% | 37.42% |
| ROCE | 31.11% | 33.49% |
| Debt/Equity | 1.69 | 2.28 |
| RoNW | 28.33% | 37.42% |
| PAT Margin | 6.34% | 6.43% |
| EBITDA Margin | 13.19% | 13.56% |
| NAV | 32.47 | 22.75 |
| Price to Book Value | 3.08 | 4.40 |
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 8.23 | 7.19 |
| P/E (x) | 12.15 | 13.91 |
| IPO Date | 24 to 27 Aug, 2026 |
| Listing Date | Tue, Sep 1, 2026T |
| Face Value | ₹10 per share |
| Price Band | ₹95 to ₹100 |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 53,26,800 shares (agg. up to ₹53 Cr) |
| Reserved for Market Maker |
2,66,400 shares
(agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 50,60,400 shares (agg. up to ₹51 Cr) |
| Net Offered to Public | 50,60,400 shares (agg. up to ₹51 Cr) |
| Share Holding Pre Issue | 1,34,10,125 shares |
| Share Holding Post Issue | 1,87,36,925 shares |
As per our analysis and Based on the information we have, this is the output.
Allah knows best.
If you find this result mistaken or questionable, let us know via email at info (@) halalstock.in
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