IPO Season – Series 2

Exxaro Tiles Limited

Exxaro Tiles makes and sells vitrified floor tiles. The company started as a partnership firm in 2007-08 making frit, a raw material used in tile manufacturing, and evolved over the years into a manufacturer of vitrified tiles. It has two product categories – double charge vitrified tiles and glazed vitrified tiles.

The products are marketed under the Exxaro brand and they are available in six sizes and in more than 1,000 designs. It also supplies wall tiles to certain dealers, outsourcing their manufacture.

Exxaro has more than 2,000 dealers and its tiles were sold in 24 states and Union Territories in FY21. The tiles are also exported to over 12 countries including Poland, the United Arab Emirates, Italy and Bosnia. Exports contributed 13.88 percent of the company’s total revenue and they have increased at a CAGR of 47.92 percent during FY19-FY21.

 

My Point of View

·        Apply with listing gain and long term gain also.

·        Revenue growth improving YOY basis.

·        PAT growing YOY basis.

·        Experienced Promoters and strong management Team.

·        Large Portfolio of Products.

 

Company revenue

 



Peer Comparison


* Financial are as on FY21:^ at upper price band


Exxaro Tiles IPO Date & Price Band

 



Exxaro Tiles IPO Market Lot

 



 

Exxaro Tiles IPO Date, Time Table, Allotment & Listing

   



 

Exxaro Tiles IPO Listing Gain



Disclaimer
The information, recommendations, opinions, suggestions may be based upon data and information sourced from third party data providers, news items, research reports, company websites etc.


Munish Mahajan
Green Trade Securities 


Comments

  1. Tejal.joshiJanuary 28, 2022 at 5:26 AM

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