Ashutosh Fibre Ltd.
PROSPECTUS · filed 31 Aug 2026
Ashutosh Fibre Ltd. is a manufacturer of technical textiles, including para-aramid, meta-aramid, and flame retardant viscose, with a revenue of Rs 117.37 crore and a profit after tax of Rs 16.04 crore. The company's revenue has grown at a CAGR of 3.36% over the past three years. The IPO structure consists of a fresh issue of shares, and the company is not currently loss-making. The draft prospectus highlights significant risks, including a high dependency on imported raw materials and a concentration of revenue from a small number of key customers, which together account for approximately 68.85% to 72.11% of revenue.
What stands out
Risk factor. A significant portion of our raw materials, including para-aramid, meta-aramid, modacrylic and flame retardant (FR) viscose, are imported, creating a dependency on global suppliers and exposing us to risks relating to foreign exchange fluctuations, supply chain delays, freight cost volatility and ch
Risk factor. We source majority of our raw materials from our top 10 suppliers, and a significant portion is procured from a limited number of key suppliers. Any disruption in the supply of raw materials from such suppliers could adversely impact our operations if we are unable to replace them or have alternativ
Risk factor. A significant portion of our revenue comes from key customers. For the Fiscals 2026, 2025 and 2024, our top ten customers contributed approximately 68.85%, 67.40% and 72.11% of our Revenue from operations, respectively.
How the offer is structured
- Funding capital expenditure requirements towards funding of new equipment and machinery₹25.5 Cr
- Repayment/pre-payment, in full or in part, of certain borrowings availed by our Company₹20.0 Cr
- General Corporate Purpose₹2.1 Cr
Restated financials
Revenue
₹117 Cr
Latest fiscal year
Profit after tax
₹16.0 Cr
Revenue CAGR
3.4%
P/E at upper band
8.54
Only in a priced RHP
PAT CAGR
50.9%
| Fiscal year | Revenue | EBITDA | PAT | Net worth |
|---|---|---|---|---|
| 2023-2024 | ₹110 Cr | ₹7.0 Cr | ||
| 2024-2025 | ₹114 Cr | ₹8.5 Cr | ||
| 2025-2026 | ₹117 Cr | ₹16.0 Cr |
Risks the company discloses
A significant portion of our raw materials, including para-aramid, meta-aramid, modacrylic and flame retardant (FR) viscose, are imported, creating a dependency on global suppliers and exposing us to risks relating to foreign exchange fluctuations, supply chain delays, freight cost volatility and changes in international trade policies.(Supply Chain)
We source majority of our raw materials from our top 10 suppliers, and a significant portion is procured from a limited number of key suppliers. Any disruption in the supply of raw materials from such suppliers could adversely impact our operations if we are unable to replace them or have alternative in a timely and cost-effective manner.(Supply Chain)
We do not have long-term agreements for the supply of our raw materials. Purchases are generally made through local suppliers on the basis of purchase orders, which may be discontinued, modified, or cancelled without significant prior notice.(Supply Chain)
A significant portion of our revenue comes from key customers. For the Fiscals 2026, 2025 and 2024, our top ten customers contributed approximately 68.85%, 67.40% and 72.11% of our Revenue from operations, respectively.(Customer Concentration)
We rely on a limited number of high-volume customers for a substantial portion of our revenues. Any loss of these customers or failure to renew orders on similar terms could materially affect our business, financial condition, cash flows and future prospects.(Customer Concentration)
We are subject to export obligations under duty exemption schemes. Any inability to comply with such obligations, adverse movements in foreign trade policy, or unfavourable external factors may adversely affect our business, financial condition, results of operations, and cash flows.(Regulatory)
Our ability to pass on cost increases to customers is limited by competitive pressures. Any significant disruption in availability or increase in the pricing of raw materials could materially raise our input costs, which could materially reduce our operating margins.(Cost Management)
We cannot assure you that we will continue generating the same level of business, or any business at all, from our key customers. Any loss of business from one or more key customers could materially and adversely affect our revenues, profitability and financial condition.(Customer Concentration)
No dimension score is published for this filing. Too few sections could be read from the document to score it without guessing, and a score built on two fields would say more about our extraction than about the company.