Spunweb is a leading manufacturer of PP (Polypropylene) spunbond nonwoven fabric based in Morbi, Gujarat. As one of the largest production houses in India, they operate five advanced production lines across two state-of-the-art manufacturing units. Their facilities are equipped with cutting-edge technology and laboratories designed to maintain the highest quality standards during production.

The Promoters, Jay Dilipbhai Kagathara and Kishan Dilipbhai Kagathara, have been instrumental in expanding our business operations. Their experience and efforts have enabled the company to implement an efficient manufacturing process and build strong customer relationships coupled with a diversified product portfolio. Their General Manager – Operations, Yashpalsinh Ghanshyamsinh Dasondi, has an experience of over eighteen years in production of nonwoven fabrics, and the Chief Financial Officer, Abhaykumar Narshibhai Fadadu, has an experienced over nine years the experience in the field of accountancy.

The Revenues from operations for the Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 22,713.95 Lakh, ₹ 15,424.12 Lakh and ₹ 11,768.01 Lakh. The EBITDA for the Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 3,201.51 Lakh, ₹ 2,063.49 Lakh and ₹ 1,256.35 Lakh. The Profit after Tax for the Fiscals ended on Mar 31, 2025, 2024 and 2023 were were ₹ 1,079.22 Lakh, ₹ 544.18 Lakh and ₹ 112.68 Lakh respectively. This indicates a steady growth in financial performance.

The Company Key Performance Indicates the pre-issue EPS of ₹ 6.28 and post-issue EPS of ₹ 4.48 for FY24. The pre-issue P/E ratio is 15.28x, while the post-issue P/E ratio is 21.44x. The company's ROCE for FY24 is 33.66%, ROE for FY24 is 31.63% and RoNW is 31.63%. These metrics suggest that the IPO is fairly priced.

The Grey Market Premium (GMP) of Spunweb Nonwoven showing listing gains of 20.83 %.Given the company's financial performance and the valuation of the IPO, we recommend Risky Investors to Apply to the Spunweb Nonwoven Limited IPO for Listing gain.

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About the Author
CA Abhay Kumar (Also known as  CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms.