Vinod Texworld IPO

Vinod Texworld was incorporated in July 2012 and is involved in the manufacturing, processing, supply and trade of textiles. The company's primary activities include dyeing and printing of greige fabric in cotton, polyester and blended fabrics. The value chain of the company involves the complete manufacturing and selling of grey fabric to dyed and printed fabric, and it also performs job work for other third-party companies. This enables the company to use its installed capacity and maintain continuous cash flows. In the past three financial years, the company has changed its revenue sources from job work to manufacturing and selling.

The installed capacity of the company for manufacturing is 225 lakhs metres/annum, and it is located on 5,949 sq. metres of owned land. The capacity utilisation of the company has improved from 85.57% in FY24 to 88.18% in FY25 and 90.00% in FY26. Manufacturing involves 11 steps ranging from inspection of grey fabric to folding and packaging.

The production of the company was 1.63 crore metres in FY24 and 1.84 crore metres in FY26. The total sales of the company were 1.57 crore metres in FY24 and 2.08 crore metres in FY26; sales volume exceeded the production volume in FY26, indicating a reduction in inventory level.

With respect to the product, the largest contributor of revenue has been Cotton Dyed Fabrics at 81.69% of revenue for FY26, followed by Cotton Print Fabrics at 18.30% in FY26. The job work revenue contribution reduced significantly from 1.88% in FY24 to merely 0.01% in FY26. The manufacturing revenue contribution increased from ₹223.48 crore in FY24 to ₹290.29 crore in FY26. Trade goods revenue contribution increased from ₹42.90 crore in FY24 to ₹52.33 crore in FY26. With respect to geography, domestic sales revenue contribution was 99.02% of the revenue in FY26, of which Gujarat contributed 58.83%, Punjab 15.01%, and West Bengal 10.51%. The export share in FY26 was 0.98%, and all of this comes from Nepal.