Clay Craft India Limited is a leading manufacturer and distributor of ceramic tableware products in India, offering a wide range of items such as dinner sets, tea and coffee serving sets, mugs, tumblers, platters, bowls, and tabletop accessories. Its diverse product portfolio caters to retail consumers, institutional buyers, and the hospitality industry. Products are marketed under in-house brands, Clay Craft and JCPL, while also undertaking design, development, and manufacturing activities for various customers, including customized solutions for corporate and institutional clients. In addition, the company has developed a specialized range for the HoReCa segment to meet the functional requirements of hotels, restaurants, and catering businesses. With the capability to address broad-based as well as specialized demand segments, the company operates across domestic and select international markets. As
Moderate fundamentals with elevated risk parameters
SME IPOs are higher risk, less liquid and more volatile than mainboard IPOs. Invest only after reading the offer document and understanding the risks.
Clay Craft India's IPO is open with a price band of 193-203. The company has shown revenue growth and improving margins.
The company's financials indicate growth and improving profitability, but more detailed analysis is hindered by missing data.
Data quality is compromised due to missing peer comparison, anchor investor, and company profile data.
+14.8%
Overall demand
Retail Queue
Institutional Queue
Non-Institutional
Subscribed
Hem Securities Market Maker
Hem Securities Limited managed 144 IPOs, with 88% listed with gains.
Post-listing volume can be low. Trading takes place in large retail lots.
Top 5 customers account for more than 40% of revenues.
Scale of operations is relatively small, with minor audit flags.
Clay Craft India Limited is a leading manufacturer and distributor of ceramic tableware products in India, offering a wide range of items such as dinner sets, tea and coffee serving sets, mugs, tumblers, platters, bowls, and tabletop accessories. Its diverse product portfolio caters to retail consumers, institutional buyers, and the hospitality industry. Products are marketed under in-house brands, Clay Craft and JCPL, while also undertaking design, development, and manufacturing activities for various customers, including customized solutions for corporate and institutional clients. In addition, the company has developed a specialized range for the HoReCa segment to meet the functional requirements of hotels, restaurants, and catering businesses. With the capability to address broad-based as well as specialized demand segments, the company operates across domestic and select international markets. As
Ceramic And Stone
Promoters group
Whole-time Directors & Promoter group
| Company | P/E (x) | ROE (%) | Revenue CAGR (3Y) | EBITDA Margin (%) | Market Cap (₹ Cr) |
|---|---|---|---|---|---|
| Clay Craft India (IPO) | 11.38x | 16.27% | 18.4% | 23.3% | -- |
| Ganga Bath | 17.68x | -- | -- | -- | ₹64.575 Cr |
| Refractory Shapes | 16.46x | -- | -- | -- | ₹58.845 Cr |
Good / Improving metrics, margins and cash flows with comfortable leverage.
| Financial Year | Revenue (₹ Cr) | EBITDA Margin (%) | PAT (₹ Cr) | ROCE (%) | ROE (%) | Debt / Equity (x) |
|---|---|---|---|---|---|---|
| FY24 | ₹145.42 Cr | 19.69% | ₹13.50 Cr | 14.42% | 11.54% | 0.40x |
| FY25 | ₹151.94 Cr | 25.52% | ₹20.75 Cr | 16.69% | 14.92% | 0.34x |
| FY26 | ₹179.88 Cr | 23.32% | ₹27.01 Cr | 18.26% | 16.27% | 0.30x |
Hem Securities Limited, based in Jaipur is the Lead Manager (BRLM) of Clay Craft IPO. Hem Securities Limited has handled 144 SME IPOs till date of which (88%) of the SME IPOs have been listed with listing gains. Read full review of Hem Securities Limited .
| Name | Offer Price | Listing Price | Listing Gain | CMP | % CMP |
|---|---|---|---|---|---|
| Ganga Bath IPO | ₹49.00 | ₹59.00 | +20.41% | ₹23.00 | -52.00% |
| Esprit Stones IPO | ₹87.00 | ₹97.80 | +12.41% | ₹65.00 | -25.00% |
| Refractory Shapes IPO | ₹31.00 | ₹78.75 | +154.03% | ₹31.00 | +0.00% |
| Manoj Ceramic IPO | ₹62.00 | ₹79.00 | +27.42% | ₹110.00 | +77.00% |
| Dhyaani Tile IPO | ₹51.00 | ₹54.80 | +7.45% | ₹5.00 | -90.00% |
| Dynamic Cables IPO | ₹40.00 | ₹48.00 | +20.00% | ₹327.00 | +716.00% |
| Lexus Granito IPO | ₹45.00 | ₹54.00 | +20.00% | ₹16.00 | -65.00% |
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GMP Trend (₹)
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