Aritas Vinyl Limited is engaged in manufacturing technical textiles, primarily PU synthetic leather and PVC-coated leather, using advanced Transfer Coating Technology. The company earns revenue through domestic sales and exports of synthetic leather used across automotive, footwear, furnishings, fashion accessories, healthcare, and upholstery industries. Its products replace natural leather due to durability, cost efficiency, customization, and eco-friendly advantages.

The Company is led by Promoter, i.e.,MR. ANILKUMAR PRAKASHCHANDRA AGRAWAL, MR. SANJAYKUMAR KANTILAL PATEL, MR. ANKIT ANILBHAI AGRAWAL, MR. MOHIT ASHOKKUMAR AGRAWAL, MR. ROHIT DINESHBHAI AGRAWAL, MR. RUTVIK PATEL AND MR. SHUBHAM SUNILBHAI AGRAWAL

The Revenues from operations for the Period ended on Aug 31 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 4,058.21 Lakh, ₹ 9,801.85 Lakh, ₹ 6,924.63 Lakh, and ₹ 5,142.00 Lakh, The EBITDA for the Period ended on Aug 31 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 454.68 Lakh, ₹ 863.20Lakh, ₹ 465.19 Lakh, and ₹ 309.26 Lakh, The Profit after Tax for the Period ended on Aug 31 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were were ₹ 242.11 Lakh, ₹ 413.26 Lakh, ₹ 166.50 Lakh, and ₹ 99.49 Lakh, respectively. This indicates a steady growth in financial performance.

The Company Key Performance Indicates the pre-issue  EPS of ₹ 13.14 and post-issue EPS of ₹ 2.10 for FY25. The pre-issue P/E ratio is 3.58x,while the post-issue P/E ratio is 22.39x against the Industry P/E ratio is NA The company's ROE for FY25 is 31.23% and RoNW is 20.36% The Annualised EPS is ₹ 2.95x and P/E is 15.93x.  These metrics suggest that the IPO is Fully priced.

 
The Grey Market Premium (GMP) of Aritas Vinyl showing listing gains of 0%.Given the company's financial performance and the valuation of the IPO, we recommend  Investors to Avoid to the Aritas Vinyl Limited.