Siddhi Cotspin Ltd (NSE SME)

IPO Details

Company Financials (In ₹Crore)

About Company

Established in 2015 and based in Dholi, Ahmedabad (Gujarat, India), Siddhi Cotspin is a prominent manufacturer specializing in a wide array of high-quality cotton yarns. The company has carved a niche for itself by focusing on both standard and innovative value-added yarns, catering to the discerning needs of the textile industry.

Core Business
Siddhi Cotspin is engaged in the manufacturing and sale of:

• Standard Cotton Yarns: Carded and Combed yarns.

• Value-Added & Specialty Yarns: A diverse portfolio including:

  • Compact Yarns (Carded & Combed for Hosiery/Weaving)

  • Eli Yarns (KW & CW)

  • Slub and Siro Slub Yarn

  • Lycra-Core Spin Yarn (Spandex)

  • TFO Double Yarn: A key specialty product that enhances strength and durability.

Manufacturing Capabilities
The company's strength is underpinned by a significant and modern production facility:

• Location: Dholi, Ahmedabad, Gujarat.

• Spindle Capacity: 29,376 spindles.

• Production Capacity:

  • Cotton Yarn: ~9,011,850 kg per annum.

  • Value-Added Yarns: ~27,035,550 kg per annum.

• Infrastructure: Equipped with state-of-the-art automated machinery, ensuring high productivity and consistent quality.

Quality and Sustainability

• Quality Control: A skilled technical team employs modern technology and implements stringent quality control measures at every stage of the spinning process, from raw material selection to the final product.

• Sustainability: The company is committed to sustainable manufacturing by minimizing waste, conserving energy, and reducing its environmental impact.

Strength

RhpCommitment to Quality: The company maintains high product and process standards, holding GOTS (Ver 6.0) certification and consistently adhering to customer-prescribed quality norms, strengthening its brand reputation.

Strong Supplier Network: With established relationships across major cotton-producing states, the company ensures reliable sourcing of quality raw materials, supporting stable production and growth.

Efficient Resource Utilization: Continuous process improvements, employee skill upgrades, and modernization of machinery enable optimal use of resources, ensuring smooth and efficient operations.

Weakness

HIGHLY RISKY AS PER SOME MARKET  NOICE
Pending Legal Proceedings: Ongoing cases involving the company, promoters, directors, and group companies could negatively impact business, operations, and financial condition if decided adversely.

Demand & Consumer Preference Risk: Fluctuations in cotton yarn demand and shifts in consumer preferences may adversely affect the company’s business, operations, and financial condition.

Dependence on Key Suppliers: Heavy reliance on a few suppliers for raw materials exposes the company to supply disruptions or price fluctuations, affecting operations and financials.