Twinkle Papers Ltd.
RHP · filed 29 Jun 2026
Twinkle Papers Ltd. is a paper manufacturing company with a revenue CAGR of 46.39% and a latest revenue of Rs 4.5 crore, while the draft prospectus indicates a debt-to-equity ratio of 0.34 and a return on equity of 17.14%. The offer is structured as a fresh issue of equity shares, and the company is not a loss-making entity with a latest profit after tax of Rs 0.6 crore. The material risks associated with the IPO include the company's reliance on a single customer, which accounted for 100% of its revenue in the latest financial year.
Partial analysis — some sections could not be read from the document (found: cover, financials, objects, price_basis).
What stands out
Low leverage. Debt-to-equity of 0.34x.
Strong revenue growth. Restated revenue CAGR of 46.4%.
Healthy return on equity. ROE of 17.1%.
How the offer is structured
Restated financials
Revenue
₹4.5 Cr
Latest fiscal year
Profit after tax
₹0.6 Cr
Revenue CAGR
46.4%
Return on equity
17.1%
Debt / equity
0.34
PAT CAGR
73.2%
| Fiscal year | Revenue | EBITDA | PAT | Net worth |
|---|---|---|---|---|
| 2023 | ₹2.1 Cr | ₹0.3 Cr | ₹0.2 Cr | ₹2.5 Cr |
| 2024 | ₹3.2 Cr | ₹0.5 Cr | ₹0.4 Cr | ₹2.9 Cr |
| 2025 | ₹4.5 Cr | ₹0.8 Cr | ₹0.6 Cr | ₹3.5 Cr |
How this document reads, dimension by dimension
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.