Clay Craft India
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.
Plain-English Summary✨
What does the company do?
Clay Craft India is an SME IPO in the ceramic and stone sector with a price band of 193-203, aiming to raise 110.11 cr.
Why are investors interested?
The company's financials show growth in revenue and PAT, with improving margins, but the data is limited to a few years.
What should beginners watch out for?
Some data, such as the company's promoter holding, face value, and issue type, is missing or stale, which may impact the analysis.
Key IPO Metrics
GMP Today
+17.2%
Total Subscription
Overall demand
Retail Subscription
Retail Queue
QIB Subscription
Institutional Queue
NII (HNI) Subscription
Non-Institutional
Anchor Book
Subscribed
SME Risk Radar
GYR Capital Market Maker
Merchant banker track record is not available.
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.
Business Overview
About the Company
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
Industry
Ceramic And Stone
Business Segments
Objects of the Issue
Promoters
Promoters group
Whole-time Directors & Promoter group
Lead Managers
Registrar
TBAIssue & Valuation
Peer Snapshot (FY24)
| 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 |
Financials & Performance(Standalone)
Revenue (₹ Cr)
CAGR 11.2%PAT (₹ Cr)
CAGR 41.4%EBITDA Margin (%)
ImprovingROCE (%)
Healthy TrendROE (%)
ImprovingFinancial Quality
GoodGood / 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 |
Why this IPO looks good
- The company has a diverse product portfolio and caters to various industries.
- It has shown revenue and PAT growth in the last few years.
- The issue is priced at a relatively lower P/E compared to its peers.
Demand & Momentum
Subscription Trend (Times)
GMP Trend
GMP Trend (₹)
Documents
AI Research Q&A
Who is this IPO suitable for?
Ideal for investors who:
- Believe in India's regional industrial manufacturing expansion
- Have a medium to long-term investment horizon
- Are comfortable with moderate to high risk appetite