External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

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Equity Bottom-Up

<ul><li>Capacity Expansion Post IPO: The company reached a major milestone with the completion of its IPO, where it raised Rs 400 Cr from leading investors and has undertaken an ambitious capacity expansion plan in Punjab.</li><li>The upcoming Punjab plant is expected to be operational by Q1FY26 (Phase-I), increasing polyester filament capacity from 550 to 1,500 TPD, and will take total capacity to 5.5 Lc MTPA by FY28 in a phased manner.</li><li>Its current capacities are running at optimum utilisation, and it expects to quickly ramp up the utilisation in the new facilities based on the expected demand.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Capacity Expansion Post IPO: The company reached a major milestone with the completion of its IPO, where it raised Rs 400 Cr from leading investors and has undertaken an ambitious capacity expansion plan in Punjab.The upcoming Punjab plant is expected to be operational by Q1FY26 (Phase-I), increasing polyester filament capacity from 550 to 1,500 TPD, and will take total capacity to 5.5 Lc MTPA by FY28 in a phased manner.Its current capacities are running at optimum utilisation, and it expects to quickly ramp up the utilisation in the new facilities based on the expected demand.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Axis Punch: Sanathan Textiles Ltd - 18th June, 2025

Equity Analyst - Fundamental & Thematic, Sree Capital

Sreemant Dudhoria,CFA

Equity Analyst - Fundamental & Thematic

Fundamental Research on Listed Indian Companies

Sree Capital

Sree Capital is a platform to share fundamental research on listed Indian companies. We do this research for our own investment

Thematic (Sector/Industry)

<ul>
<li>Global and Indian textile markets face shifting supply chains due to geopolitical tensions, driving sourcing diversification towards India.</li>
<li>There's a significant push for innovation in materials, focusing on man-made fibers, sustainable, and technical textiles globally and in India</li>
<li>The Indian textile industry benefits from strong government policy support, including protective tariffs and various incentive schemes</li>
</ul>


Global and Indian textile markets face shifting supply chains due to geopolitical tensions, driving sourcing diversification towards India.
There's a significant push for innovation in materials, focusing on man-made fibers, sustainable, and technical textiles globally and in India
The Indian textile industry benefits from strong government policy support, including protective tariffs and various incentive schemes


Global and Indian Textile Industry-Shifting Supply Chains,Innovation in Materials,and Policy Support

Forensic Analyst, Trudence Capital Advisors

Nitin Mangal

Forensic Analyst

Trudence Capital Advisors

Trudence Capital Advisors Private Limited is a SEBI-registered Research Analyst, holding SEBI registration number INH000015747. Our firm is dedicated to providing independent and unbiased research on Indian mid to large-cap companies. Trudence Capital is known for its counter-consensus views, with a focus on forensic research and on-ground primary investigations. Our research approach is thorough, involving detailed analysis of accounting practices and governance, alongside extensive channel checks.

Independent & Unbiased Research

Equity Capital Markets

Sanathan Textiles / Equity Capital Markets

<ul>
<li>
<a href="https://www.smartkarma.com/entities/sanathan-textiles-private-limited" target="_blank" data-smartkarma-citation="entities:43995:1" rel="noopener">Sanathan Textiles (0907479D IN)</a> plans to re-appear for its IPO. The company is into yarn manufacturing and has a presence in all three, Polyester, Cotton and Technical Textiles segments. </li>
<li>Revenue growth did light up in FY22, however topline growth has pretty much been stale since then. Moreover, margins have also been on a sliding trajectory.</li>
<li>Key forensic takeaways include capitalising of expenses on the back of falling margins, acquisition of a non-operating subsidiary from promoters, secondary income sources driving profits, etc.</li>
</ul>



Sanathan Textiles (0907479D IN) plans to re-appear for its IPO. The company is into yarn manufacturing and has a presence in all three, Polyester, Cotton and Technical Textiles segments. 
Revenue growth did light up in FY22, however topline growth has pretty much been stale since then. Moreover, margins have also been on a sliding trajectory.
Key forensic takeaways include capitalising of expenses on the back of falling margins, acquisition of a non-operating subsidiary from promoters, secondary income sources driving profits, etc.


India

Sanathan Textiles Private Limited manufactures textile products. The Company supplies partially oriented, cotton, fully drawn, draw and air textured, polyester, fibers, and effect yarns to fabric weaving and knitting companies. Sanathan Textiles serves customers worldwide.

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Sanathan Textiles (0907479D IN)

Axis Punch: Sanathan Textiles Ltd - 18th June, 2025

The company reached a major milestone with the completion of its IPO, where it raised Rs 400 Cr from leading investors and has undertaken an...

Axis Direct

Global and Indian Textile Industry-Shifting Supply Chains,Innovation in Materials,and Policy Support

Geopolitical tensions drive sourcing diversification to India in the textile market, with a focus on innovation in sustainable and technical...

Sreemant Dudhoria,CFA

Sanathan Textiles IPO- Forensic Analysis

Forensic takeaways include expense capitalization when margins are down, subsidiary acquisition, secondary income sources driving profits, etc.

Nitin Mangal

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

Axis Punch: Sanathan Textiles Ltd - 18th June, 2025

The company reached a major milestone with the completion of its IPO, where it raised Rs 400 Cr from leading investors and has undertaken an...

Axis Direct

Global and Indian Textile Industry-Shifting Supply Chains,Innovation in Materials,and Policy Support

​Geopolitical tensions drive sourcing diversification to India in the textile market, with a focus on innovation in sustainable and technical...

Sreemant Dudhoria,CFA

Sanathan Textiles IPO- Forensic Analysis

​Forensic takeaways include expense capitalization when margins are down, subsidiary acquisition, secondary income sources driving profits, etc.

Nitin Mangal

Geopolitical tensions drive sourcing diversification to India in the textile market, with a focus on innovation in sustainable and technical...

Forensic takeaways include expense capitalization when margins are down, subsidiary acquisition, secondary income sources driving profits, etc.