| Annual Financials | Mar 2024 | Mar 2025 | Mar 2026 |
| Revenue | 27148.80 | 33536.93 | 34263.62 |
| Expenses | 26449.68 | 32309.97 | 32882.64 |
| Other Income | 16.59 | 36.68 | 32.14 |
| Total Revenue | 27165.39 | 33573.61 | 34295.76 |
| Profit Before Tax | 715.72 | 1263.64 | 1413.12 |
| Net Profit | 548.64 | 923.36 | 1040.74 |
Vinod Texworld
Vinod Texworld IPO
₹2,25,600
0.45 xOver-subscribedBidding Dates 09 Sept, 26 -11 Sept, 26
Min Investment ₹2,25,600
Lot Size1,200
Price Range ₹94 – ₹94
Issue Size ₹42.83 Cr.
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IPO Subscription Details
Retail Subscription Details
0.75 x
Non-Institutional Buyers (bHNI)
0.15 x
Total0.45 x
0.45 x IPO Timeline
IPO Offer Start
09 Sept,26
IPO Offer Ends
11 Sept,26
Allotment Finalisation
15 Sept,26
Refund Initiation
16 Sept,26
Listing of Shares
17 Sept,26
IPO Analysis
Strengths
The company has maintained long-standing relationships with key customers ranging from 1.5 to 9 years, contributing to repeat business and stable revenue base with 235 repeated customers generating Rs. 31,042.09 lakhs in FY 2025-26.
The company maintains average delivery duration of 15-20 days with organized sales structure allowing direct customer communication and well-defined complaint redressal mechanism ensuring customer satisfaction.
The company is managed by a team with relevant industry experience of over a decade with promoter and managing director supported by competent team having in-depth operational knowledge.
Risks
The company has provided corporate guarantees of ₹1,733.00 lakhs to State Bank of India for credit facilities availed by promoter group company Vinod Cotfab Private Limited, representing approximately 0.40 times of the company's net worth. Any default by the borrower could require the company to discharge such liabilities, materially affecting financial condition and cash flows.
The company's top ten customers contribute 51.99% of revenue from operations in FY 2026, with significant exposure to related party Vinod Denim Limited (15.12% of revenue). Loss of one or more major customers could materially impact revenues and profitability due to pricing pressures and reduced bargaining power.
The company requires substantial working capital with debtor days of 88 days in FY 2026 (above industry norm of 30-45 days) and projected working capital requirement of ₹5,688.83 lakhs for FY 2027. Any inability to arrange adequate working capital timely may adversely affect operations and growth prospects.
Objectives
The company is undertaking expansion of its existing fabric processing and dyeing plant through installation of new machinery to increase production capacity, improve product quality, and meet growing demand for services.
The company intends to prepay a portion of its cash credit facility from State Bank of India to reduce debt service coverage ratio and enhance eligibility for bidding on larger projects.
The company requires additional working capital to fund incremental business requirements including inventory, trade receivables, and operational expenses to support expanded production capacity.
The company intends to deploy funds for general corporate purposes including funding growth opportunities, strategic initiatives, meeting ordinary business expenses, and addressing business exigencies.
The company will utilize funds to cover various expenses related to the IPO including lead manager fees, underwriting commission, regulatory fees, and other professional charges.
Yearly Financial Results
Balance Sheet
| Balance Sheet | Mar 2024 | Mar 2025 | Mar 2026 |
| Total Assets | 15427.68 | 17768.13 | 18150.06 |
| Current Assets | 12823.07 | 15347.19 | 15471.18 |
| Fixed Assets | 2604.61 | 2420.95 | 2678.88 |
| Total Equity & Liabilities | 15427.68 | 17768.13 | 18150.06 |
| Total Liabilities | 13111.22 | 14528.30 | 13869.49 |
| Current Liabilities | 11104.84 | 12689.82 | 11844.49 |
| Non Current Liabilities | 2006.38 | 1838.48 | 2025.00 |
| Total Equity | 2316.47 | 3239.83 | 4280.57 |
Cash Flow
| Cash Flow | Mar 2024 | Mar 2025 | Mar 2026 |
| Net Cash Flow | -203.35 | 7.09 | 21.38 |
| Investing Activities | -585.79 | -208.18 | -605.00 |
| Operating Activities | -674.69 | -1196.93 | 787.26 |
| Financing Activities | 1057.13 | 1412.20 | -160.86 |
About Vinod Texworld
Vinod Texworld Limited is engaged in manufacturing, processing, supplying and trading of textile products. The company operates in India and caters to both domestic and international markets, with core operations including dyeing and printing of greige fabric. The company's product portfolio includes cotton, polyester, and blended fabrics, managing the entire...more
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Managing DirectorMr. Yash Vinod Mittal
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