Shri Techtex Limited IPO Review & Recommendations
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Shri Techtex Limited IPO Review
Shri Techtex was established with the purpose
of producing and exporting technical textile fabrics and yarns made from
different types of polymers. The company has effectively established
manufacturing plants for nonwoven fabrics and composites and is marketing its
products both within India and in foreign countries. They produce fabric in
various sizes and densities tailored to meet each client's specific needs. Their
products find versatile applications across multiple industries, including
Geotextile, Horticulture, Furniture, Construction, and Healthcare, among
others.
Their Competitive Strengths are the Prime
Location of their Manufacturing Facility and installed Capacity, Experienced
Promoters and Management Team, Infrastructure, and Integrated capabilities to
deliver quality, Wide Application of Products. Their Business Strategy is Expanding
their product portfolio, Leveraging their market skills and relationship, and Optimal
Utilization of Resources.
Shri Techtex Limited Products and Services
Their company specializes in producing Polypropylene (PP) Non-Woven Fabric, which finds practical applications in various fields and industries. It is particularly eco-friendly and ideal for use in areas where disposable or single-use products are essential, such as organic farming, healthcare facilities, nursing homes, home furnishings, vehicle upholstery, mattress and furniture covering, ecological packaging, and various industrial and consumer goods. Their company has consistently witnessed continuous growth in various financial indicators over the last three fiscal years, resulting in a stronger balance sheet and increased net worth. Additionally, their operations have expanded naturally over time.Their achievements are attributed to the strong bonds they have built with customers who have remained loyal to us for a considerable time. They receive orders from both domestic and international clients.
Financial Overview
The company is active in a fiercely competitive market with numerous competitors in the same segment. The company's performance in FY21 surprised many, but afterward, while its revenue increased, its profit margins declined. Therefore, the future sustainability of profit margins is a major cause for concern. Knowledgeable investors with excess cash may consider investing their funds with a long-term view.
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