Aten Papers & Foam IPO Review

Aten Papers & Foam Limited (APFL) has been at the forefront of the paper industry, providing tailored solutions to meet the diverse needs of the paper and packaging market in India and globally, for the past six years. They design and produce recyclable and renewable products that connect and protect the world. Their products include paper designed for our essential hygiene needs. They produce paper for business documents, contracts, Expressions of love, joy, sorrow, and grief, for exams, novels, and stories. In essence, they create paper for every aspect of life.

The Promoters, Mr. Mohamedarif Mohamedibrahim Lakhani and Mrs. Amrin Lakhani, with their deep knowledge, vision, and industry insight, have been instrumental in shaping and executing the growth strategies. Their leadership has allowed the company to adapt to evolving market demands and successfully expand the business.

The Revenues from operations for the period ended on Mar 31, 2025, Fiscals ended 2024, 2023 and 2022 were ₹   13,870.23 Lakh, ₹ 9,679.82 Lakh, ₹  9,099.72 Lakh and ₹ 8,982.28 Lakh respectively. The EBITDA for the period ended on Mar 31, 2025, Fiscals ended 2024, 2023 and 2022 were ₹  1,066.39 Lakh, ₹ 515.27 Lakh, ₹  187.58 Lakh, and ₹ 190.83 Lakh, respectively. The Profit after Tax for the period ended on Mar 31, 2025, Fiscals ended 2024, 2023 and 2022 were ₹  701.14 Lakh, ₹ 278.10 Lakh, ₹  50.26 Lakh, and ₹ 76.31 Lakh respectively. This indicates a steady growth in financial performance.

The Company Key Performance Indicates the pre-issue EPS of ₹  10.02 and post-issue EPS of ₹ 6.81 for FY24. The pre-issue P/E ratio is 9.58x, while the post-issue P/E ratio is 14.10x. The company's ROCE for FY24 is 43.84%, ROE for FY24 is 66.53% and RoNW is 49.93%. These metrics suggest that the IPO is fairly priced.

The Grey Market Premium (GMP) of Aten Papers & Foam showing listing gains of 0.00 %.Given the company's financial performance and the valuation of the IPO, we recommend Investors to Avoid to the Aten Papers & Foam Limited IPO for Listing gain or long-term Investment Purposes.

Disclaimer: The information provided in this IPO review is for educational and informational purposes only and should not be construed as financial advice or an offer to buy or sell securities. The review must not be used as a singular basis of any investment decision. The views herein are of a general nature and do not consider the risk appetite or the particular circumstances of an individual investor; readers are requested to take professional advice before investing. Nothing in this document should be construed as investment advice. The content is based on publicly available information and market perceptions as of the date of publication and is subject to change. Neither the author nor the website is responsible for any losses or damages arising from the use of this information. 1.“Registration granted by SEBI, membership of a SEBI recognized supervisory body (if any) and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.” 2. “Investment in securities market are subject to market risks. Read all the related documents carefully before investing.” 3. To read the Disclaimers, Disclosures, Investor Charter, Investor Complaints please visit our website abhayvarn.com

About the Author
CA Abhay Kumar (Also known as  CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms.