Krishca Ltd : A SME offering steel strapping Solution
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The broader market sentiment, as indicated by the banking sector news, shows volatility (Sensex down 841 points). SME IPOs, while offering potential long-term value, carry significant risks for retail investors.
Trading Insight
Key Evidence
- •Krishca Ltd. (now Krishca Strapping Solutions) is an SME incorporated in 2017, manufacturing high tensile steel straps, strapping seals, and tools.
- •Reported approximate FY23 revenues of >70 crores, EBITDA margin of ~17%, and PAT of ~9 crores.
- •Boasts a client list including major steel players like Jindal, JSW, POSCO, SAIL, and Hyundai Steel.
- •Capacity for steel straps is 18000 MTPA and strapping seals is 80 MNPA.
- •Promoter Balamanikandan has an engineering degree and conducted extensive research in steel strapping.
Affected Stocks
The article provides a fundamental overview of the company, which is now publicly listed. The information is historical but gives context to its business model and potential.
Mentioned as a client, indicating demand for Krishca's products from major steel players.
Mentioned as a client, indicating demand for Krishca's products from major steel players.
Mentioned as a client, indicating demand for Krishca's products from major steel players.
People in this Story
promoter
Founder and key figure behind Krishca Ltd., with a background in engineering and information security.
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