NAPS Global India IPO Review

NAPS Global India Limited, incorporated in March 2014, is a Mumbai-based wholesale importer and supplier of textile products, primarily catering to garment manufacturers across India. The company specializes in procuring and distributing a wide range of fabrics, including cotton, super-soft velvet, knitted, linen, and man-made fibers, sourced from China and Hong Kong.

The Company is led by Promoters, Pankaj Jain (Chairman & MD) – Over a decade of experience in garment and textile trading. Ronak Mistry (Whole-time Director & CFO) – Expertise in financial management and business expansion.

The Revenues from operations for the period ended on Dec 31, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 5,283.38 Lakh, ₹ 4,788.30 Lakh, ₹ 2,600.75 Lakh and ₹ 1,348.42 Lakh respectively. The EBITDA for the period ended on Dec 31, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 210.60 Lakh, ₹ 188.55 Lakh, ₹ 54.20 Lakh, and ₹ 40.2 Lakh, respectively. The Profit after Tax for the period ended on Dec 31, 2024, Fiscals ended 2024, 2023 and 2022 were ₹ 153.43 Lakh, ₹ 145.22 Lakh, ₹ 27.17 Lakh, and ₹ 18.26 Lakh respectively. This indicates a steady growth in financial performance.

The Company Key Performance Indicates the pre-issue EPS of ₹ 6.96 and post-issue EPS of ₹ 3.28 for FY24. The pre-issue P/E ratio is 12.93x, while the post-issue P/E ratio is 27.45x against the Industry P/E ratio of 15x. The company's ROCE for FY24 is 47.47%, ROE for FY24 is 59.14% and RoNW 38.15%. The Annualised EPS based on the latest financial data is ₹ 6.57 and PE ratio is 13.69x. These metrics suggest that the IPO is fully priced.

The Grey Market Premium (GMP) of NAPS Global India 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 NAPS Global India 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. 

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 during the training period. He is good at technical analysis and Fundamental Analysis and uses both Technical and Fundamental analysis along with five other important factors that affect the movement of the Market namely Global Market Analysis, Upcoming Event Analysis, Institutional Money Analysis, Derivative Data Analysis, and Emotions and Sentiment of Traders and Investors in his Framework called - Technical Fundamental GUIDE to find the winning Trades.