Madhur Knit Crafts Limited
Company at a glance · Human reviewed · 26 Aug 2026
The business, in brief
Madhur Knit Crafts Limited is engaged in the business of manufacturing blankets, readymade garments, and knitted cloth, operating as a vertically integrated yarn-to-cloth manufacturing enterprise.
- Customer concentration
- 34.14% top 10 customers
- Total borrowings
- ₹73.54 cr Fiscal 2025-26
- Anti-pilling Fabric
- Knitted Fabrics
- Sherpa Fabric
- Blankets
- Paint Roller Fabrics
- Garments
- Job work
* Estimated date based on the standard exchange timeline. Unmarked dates are exchange-reported.
Calculated at the upper band of ₹100.00 per share. Amounts exclude blocked-funds variation.
Prospectus dossier
Numbers, plans & pressure points
A focused reading of the company's reported financials, planned use of proceeds, business strengths and material risks.
A multi-year view
Figures retain the units reported in the RHP| Fiscal year | Revenue | Profit after tax | Operating cash flow | Borrowings | Net worth |
|---|---|---|---|---|---|
| 2025-26 | ₹194.69 cr | ₹12.35 cr | ₹4.44 cr | ₹73.54 cr | ₹43.61 cr |
| 2024-25 | ₹171.64 cr | ₹11.03 cr | ₹-2.56 cr | ₹67.2 cr | ₹29.49 cr |
| 2023-24 | ₹108.38 cr | ₹1.7 cr | ₹-3.68 cr | ₹57.79 cr | ₹16.24 cr |
| 2022-23 | ₹89.33 cr | ₹0.9 cr | ₹-0.05 cr | ₹34.18 cr | ₹14.54 cr |
01 Use of funds
Where the
money goes.
05stated objects
in the filing
Funding capital expenditure for the purchase of Solar panel.RHP p. 80
Working Capital Requirement of the Company.RHP p. 80
Prepayment or repayment of a portion of certain outstanding borrowings availed by the Company.RHP p. 80
General Corporate Purposes.RHP p. 80
Issue ExpensesRHP p. 80
02 Growth case
What could drive
the business.
08signals found
in the filing
Vertically Integrated Manufacturing OperationsRHP p. 131
Advanced Machinery and InfrastructureRHP p. 131
Strategic Location AdvantageRHP p. 131
Diversified Product PortfolioRHP p. 131
Order-Based and Demand-Driven Production ModelRHP p. 131
Future Expansion into Technical Textiles to Boost Sales VolumeRHP p. 132
Increasing Geographical PresenceRHP p. 132
Revival and Expansion of Fabric ExportsRHP p. 132
03 Risk factors
Read the downside first.
Selected material risks disclosed in the RHP. Read these before the upside case. This summary is not a substitute for the prospectus.
High geographical concentration in Punjab
Our Company derives the majority of its revenue from the state of Punjab, contributing more than 90% of total revenue over the past three fiscal years.
Dependence on a few major customers
A major portion of our revenue depends upon our few customers. The top 10 customers contributed 34.14% of total revenue in February 28, 2026, 34.15% in Fiscal 2025, 41.45% in Fiscal 2024, and 48.50% in Fiscal 2023.
Dependence on a limited number of raw material suppliers
A substantial portion of our raw materials is sourced from a limited number of suppliers. For the eleven months ended February 28, 2026, the top 3 suppliers accounted for 30.48% of total procurement.
Dependence on short-term rental agreements for operational premises
The Company operates from premises taken on rental agreements with a tenure of 11 months, which do not provide long-term security of tenure and are subject to renewal at the discretion of respective landlords.
Seasonality of the business
Our business is significantly influenced by seasonal demand, particularly due to our focus on winter wear garments and fabrics, with sales typically higher during winter months.
Live issue demand
The book, in motion
No exchange tape for this issue yet