FX Multitech Ltd.
PROSPECTUS · filed 21 Sept 2026
FX Multitech Ltd. is a company that extends credit to customers and is subject to risks related to customer demand, competitive pressures, and macro-economic conditions. The company's revenue from operations increased from Rs. 685.17 Lakhs in FY 2023-24 to Rs. 1,020.06 Lakhs in FY 2024-25 and Rs. 1,261.39 Lakhs in FY 2025-26, though there is no assurance that this growth will be sustained. The company is highly dependent on a single supplier for a significant portion of its purchases, with purchases from the top supplier being 73.96% in FY 2023-24, 71.39% in FY 2024-25, and 74.11% in FY 2025-26. The company has contingent liabilities of Rs. 0.04 Lakhs as of the financial year ended March 31, 2026, which have not been provided for in the financials.
Partial analysis — some sections could not be read from the document (found: capitalisation, cover, litigation, objects, price_basis, promoters, risks).
What stands out
Risk factor. The Company is highly dependent on a single supplier for a significant portion of its purchases, with purchases from the top supplier being 73.96% in FY 2023–24, 71.39% in FY 2024-25 and 74.11% in FY 2025-26.
Risk factor. The Company does not have long-term agreements or binding purchase commitments with any of its customers, and sales are generally based on purchase orders or short-term arrangements.
How the offer is structured
- Repayment/pre-payment, in full or part, of certain borrowings availed by our Company₹10.0 Cr
- Investment in our subsidiary namely Everestt Chillers Private Limited for purchase of machineries₹6.3 Cr
- Funding of working capital requirements₹14.8 Cr
- General corporate purposes
Promoters, litigation & related parties
Promoter (pre)
91.6%
Risks the company discloses
The Company is highly dependent on a single supplier for a significant portion of its purchases, with purchases from the top supplier being 73.96% in FY 2023–24, 71.39% in FY 2024-25 and 74.11% in FY 2025-26.(Supply Chain)
The Company does not have long-term agreements or binding purchase commitments with any of its customers, and sales are generally based on purchase orders or short-term arrangements.(Customer Concentration)
The Company has contingent liabilities of ₹ 4.23 Lakhs as of the financial year ended March 31, 2026, which have not been provided for in the Company’s financials.(Financial)
The Company's revenue from operations was Rs. 6,851.74 Lakhs in FY 2023-24, which increased to Rs. 10,200.60 Lakhs in FY 2024-25 and Rs. 12,613.93 Lakhs in FY 2025-26, but there can be no assurance that this growth will be sustained in future periods.(Revenue Volatility)
The Company extends credit to customers with a standard credit period of 180 days, exposing it to the risk of delayed receipt or non-receipt of outstanding amounts.(Credit Risk)
The proposed purchase of plant and machinery for the subsidiary is yet to be placed, and there can be no assurance that the purchase orders will be placed within expected timelines or on terms currently contemplated.(Capital Expenditure)
The Company's revenues are subject to various factors including changes in customer demand, geographical sales mix, timing of order execution, competitive pressures, pricing dynamics, macro-economic conditions and the ability to efficiently manage operations and working capital.(Operational)
The Company has not experienced any material disruption, delay, or failure in supply from its supplier as of the date of this Red Herring Prospectus, but there can be no assurance that such events will not occur in the future.(Supply Chain)
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.