At Vashishtha Luxury Fashion Ltd., they take the utmost pride in making every piece curated with love, ensuring every stitch is beautifully sewn and showing each piece the respect it deserves. Their artisans carry a legacy of traditional craftsmanship and come from a lineage of skilled artisans who carry forward the tradition and heritage of Indian embroidery to its finest splendour.

The experience and trade relations of the promoters and management have played a key role in the Company’s growth. Promoters Ravindra Dilip Dhareshivkar and Mustak Basirbhai Odiya bring strong expertise to both strategic and day-to-day operations. With over 18 years of diverse industry experience, Ravindra oversees overall processes and sampling, while Mustak, a fashion design graduate, adds creative direction and financial acumen, ensuring smooth workflow and driving organizational growth.

The Revenues from operations for the Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 1,084.31 Lakhs, ₹ 744.98 Lakhs and ₹ 686.38 Lakhs. The EBITDA for the Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 255.52 Lakhs, ₹ 104.06 Lakhs and ₹ 201.22 Lakhs. The Profit after Tax for the Fiscals ended on Mar 31, 2025, 2024 and 2023 were were ₹ 153.49 Lakhs, ₹ 31.93 Lakhs and ₹ 104.50 Lakhs respectively. This indicates a steady growth in financial performance.

The Company Key Performance Indicates the pre-issue EPS of ₹ 10.92 and post-issue EPS of ₹ 6.51 for FY24. The pre-issue P/E ratio is 10.16x, while the post-issue P/E ratio is 17.04x. The company's ROCE for FY24 is 31.43%, ROE for FY24 is 28.28% and RoNW is 64.49%. These metrics suggest that the IPO is fairly priced.

The Grey Market Premium (GMP) of Vashishtha Luxury Fashion showing listing gains of 0.00 %.Given the company's financial performance and the valuation of the IPO, we recommend Investors to Avoid to the Vashishtha Luxury Fashion Limited IPO for Listing gain.

Disclaimer: The information provided in this IPO review is for educational and informational purposes only and should not be construed as financial advice or an offer to buy or sell securities. The review must not be used as a singular basis of any investment decision. The views herein are of a general nature and do not consider the risk appetite or the particular circumstances of an individual investor; readers are requested to take professional advice before investing. Nothing in this document should be construed as investment advice. The content is based on publicly available information and market perceptions as of the date of publication and is subject to change. Neither the author nor the website is responsible for any losses or damages arising from the use of this information. 1.“Registration granted by SEBI, membership of a SEBI recognized supervisory body (if any) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.” 2. “Investment in securities market are subject to market risks. Read all the related documents carefully before investing.” 3. To read the Disclaimers, Disclosures, Investor Charter, Investor Complaints please visit our website abhayvarn.com

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.