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 is an SME IPO in the ceramic and stone sector with a price band of 193-203, aiming to raise 110.11 cr.
The company's financials show growth in revenue and PAT, with improving margins, but the data is limited to a few years.
Some data, such as the company's promoter holding, face value, and issue type, is missing or stale, which may impact the analysis.
+17.2%
Overall demand
Retail Queue
Institutional Queue
Non-Institutional
Subscribed
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.
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 |
Subscription Trend (Times)
GMP Trend (₹)
Ideal for investors who:
