All filings

Rudra Cottex Limited

DRHP · filed 29 Sept 2026

Draft filed

This is a draft. SEBI has not cleared it, there is no final price yet, and it may never become an IPO.

Rudra Cottex Limited is a textile company with a revenue CAGR of 24.62% and a latest revenue of Rs 3453.33 crore, while the IPO structure consists of a fresh issue of equity shares and an offer for sale by selling shareholders. The company is profitable with a latest profit after tax of Rs 329.89 crore and a return on equity of 25.62%. The draft prospectus highlights material risks including high customer concentration where the top ten customers accounted for 96.17% of revenue and high supplier concentration where the top ten suppliers accounted for 60.40% of total purchases.

What stands out

Risk factor. The Company's revenue from operations is highly concentrated with its top ten customers, which contributed 96.17% of revenue in Fiscal 2026. Any reduction in orders, loss of business, or adverse change in the relationship with these key customers could materially and adversely affect the Company's b

Risk factor. The Company is primarily dependent upon its top ten suppliers for its principal raw material cotton bales, packing material, stores and spares and stock-in-trade, which contributed 60.40% of total purchases in Fiscal 2026. Any disruption, delay, or inability of these suppliers to fulfil their commit

Risk factor. A substantial portion of the raw materials, stores and spares, packing materials and stock-in-trade required for the Company's manufacturing and trading operations is sourced from suppliers located within Gujarat, which accounted for 99.58% of total purchases in Fiscal 2026. Any event affecting cott

Strong revenue growth. Restated revenue CAGR of 24.6%.

Healthy return on equity. ROE of 25.6%.

How the offer is structured

  • Funding the capital expenditure requirements of our Company towards civil construction works and the purchase of equipment, plant and machinery in connection with the expansion and augmentation of our Manufacturing Facility (Proposed Expansion)₹48.0 Cr
  • Prepayment or repayment of all or a portion of certain outstanding borrowings availed by our Company₹37.0 Cr
  • General corporate purposes

Restated financials

Revenue

₹3.45k Cr

Latest fiscal year

Profit after tax

₹330 Cr

Revenue CAGR

24.6%

Return on equity

25.6%

Debt / equity

0.89

PAT CAGR

81.7%

Fiscal yearRevenueEBITDAPATNet worth
2024₹2.22k Cr₹321 Cr₹100.0 Cr₹718 Cr
2025₹2.76k Cr₹541 Cr₹239 Cr₹957 Cr
2026₹3.45k Cr₹650 Cr₹330 Cr₹1.29k Cr

Promoters, litigation & related parties

Promoter (pre)

19.0%

Related-party

7.5%

Share of revenue

Except as stated below, there are no outstanding (i) criminal proceedings (including matters which are at the FIR stage even if no cognizance has been taken by any court or judicial authority), (ii) actions (including all outstanding penalties and show cause notices) by regulatory authorities and/or statutory authorities, including notices issued by such authorities, (iii) claims related to direct or indirect taxation matters, and (iv) litigation proceedings (including arbitration or other civil proceedings) that are otherwise material, in each case, involving our Company, Promoters and Directors. Further, except as disclosed below, there are no disciplinary actions including any penalty imposed by the SEBI or stock exchanges against our Promoters in the last five Fiscals including any outstanding action; Further, there are no finding/ observations of any inspections by SEBI or any other regulator involving our Company which are material and which need to be disclosed and non-disclosure of which may have bearing on the investment decision. Further, except as disclosed below, there are no (a) outstanding criminal proceedings (including matters which are at the first information report stage even if no cognizance has been taken by any court or judicial authority); and (b) outstanding actions (including all outstanding penalties and show cause notices) by regulatory authorities and statutory authorities against our Key Managerial Personnel and members of Senior Management.

Risks the company discloses

  • The Company's revenue from operations is highly concentrated with its top ten customers, which contributed 96.17% of revenue in Fiscal 2026. Any reduction in orders, loss of business, or adverse change in the relationship with these key customers could materially and adversely affect the Company's business, financial condition, results of operations and cash flows.(Customer Concentration)

  • The Company is primarily dependent upon its top ten suppliers for its principal raw material cotton bales, packing material, stores and spares and stock-in-trade, which contributed 60.40% of total purchases in Fiscal 2026. Any disruption, delay, or inability of these suppliers to fulfil their commitments may materially and adversely affect the Company's production, financial performance, and growth prospects.(Supplier Concentration)

  • A substantial portion of the raw materials, stores and spares, packing materials and stock-in-trade required for the Company's manufacturing and trading operations is sourced from suppliers located within Gujarat, which accounted for 99.58% of total purchases in Fiscal 2026. Any event affecting cotton cultivation, arrivals or movement within Gujarat would affect the Company's procurement and production simultaneously, and the Company may be required to source cotton bales from suppliers located in other states at a higher landed cost.(Geographic Concentration)

  • The Company's procurement is dependent on relationships personal to its Promoters and management, who identify suppliers based on their commercial relationships in the cotton trade. The discontinuance of any such relationship, or the unavailability of the persons in whom it subsists, may impair the Company's ability to procure cotton bales of the requisite grade at competitive prices.(Management Dependence)

  • The Company does not manufacture raw materials on its own and is entirely dependent on third party suppliers and manufacturers of raw materials for procurement. The Company remains exposed to the risk that its suppliers may be unable or unwilling to fulfil their commitments in a timely manner or at all, including capacity constraints, operational disruptions, price volatility, regulatory changes, and geo-political factors.(Supply Chain Risk)

  • The Company's top ten customers and top ten suppliers have included Surya Future Tradewing LLP, a member of the Company's Promoter Group. Sales to this entity represented approximately 13.52% and 7.80% of the Company's total revenue from operations in Fiscal 2025 and Fiscal 2024, respectively, and purchases from this entity represented approximately 9.80%, 4.11% and 7.01% of the Company's total purchases in Fiscal 2026, Fiscal 2025 and Fiscal 2024, respectively.(Related Party Transactions)

  • The Company's largest customer contributed 42.26% of revenue from operations in Fiscal 2026. Any reduction in orders, loss of business, or adverse change in the relationship with this key customer could materially and adversely affect the Company's business, financial condition, results of operations and cash flows.(Customer Concentration)

  • The Company's largest supplier contributed 12.12% of total purchases in Fiscal 2026. Any disruption, delay, or inability of this supplier to fulfil its commitments may adversely affect the Company's production, financial performance, and growth prospects.(Supplier Concentration)

How this document reads, dimension by dimension

growthrevenue CAGR 24.6%
balance sheetdebt/equity 0.89x
profitabilityROE 25.6%

Each bar is a fixed formula applied to the figures shown above, scored 0–100. This is a reading of what the company disclosed — not a recommendation to apply or avoid, not a price target, and not a prediction of listing performance. Dimensions that could not be extracted are excluded rather than assumed, so coverage varies between documents.

Figures are extracted automatically from the document filed with SEBI and may contain errors — the linked SEBI document is the authoritative record; analysed 07 Oct 2026.

Not investment advice

These lists are rules-based research, not buy recommendations. Rankings are generated from NSE & BSE data by a deterministic formula and do not account for your personal circumstances. For informational purposes only. Consult a SEBI-registered advisor before investing.

Rudra Cottex Limited DRHP — SEBI filing analysis | DocStoX