Product/service
ERW Pipes & Hollow Section Pipes
DRHP p.95 · BUSINESS OVERVIEW
listed · IPO · NSE SME · listed 24 April 2023
A G Universal Limited
Raised ₹8.72 Cr at ₹60 per share.
+0.2%
listing-day move
Issue price
₹60
Issue size
₹8.72 Cr
Listing-day close
₹60.1
Current price
₹62.9
Return since listing
+4.83%
Exchange filings
Fields captured from NSE and BSEIssue information
- Symbol
- AGUL
- Issue period
- 2023-04-11 to 2023-04-13
Prospectus intelligence
verified extraction · 120 verified factsBusiness snapshot
Product/service
MS Pipes
DRHP p.96 · BUSINESS OVERVIEW
Product/service
Hot & Cold Rolled Strips & Sheets
DRHP p.96 · BUSINESS OVERVIEW
Product/service
TMT/Beam/Channel/Angle
DRHP p.97 · BUSINESS OVERVIEW
Product/service
cPVC Pipes & Fittings
DRHP p.98 · BUSINESS OVERVIEW
Product/service
uPVC Plumbing Pipes and Fittings
DRHP p.98 · BUSINESS OVERVIEW
Competitive strength
Experienced Promoter and their Network in the Trading Community
DRHP p.98 · OUR COMPETITIVE STRENGTH
Competitive strength
Quality Policy
DRHP p.99 · OUR COMPETITIVE STRENGTH
Competitive strength
Strengthen human capital
DRHP p.99 · OUR COMPETITIVE STRENGTH
Competitive strength
Existing client and supplier relationships
DRHP p.99 · OUR COMPETITIVE STRENGTH
Key dependency
Dependence on key suppliers: Surya Roshni Limited, Jindal Supreme (India) Private Limited, Swastik Pipe Limited, Ravindra Tubes Private Limited, Sks Ispat & Power Ltd
DRHP p.95 · BUSINESS OVERVIEW
Key dependency
Dependence on experienced Promoter and key management personnel
DRHP p.98 · OUR COMPETITIVE STRENGTH
Geography
Domestic India (no international revenue)
DRHP p.100 · GEOGRAPHICAL REVENUE BREAKUP
Industry and macro context
Industry
Steel Industry
DRHP p.87
Market size
US$ 874.6 Billion
DRHP p.84
Market size
133.596 MT
DRHP p.88
Market size
105.751 MT
DRHP p.88
Market size
13.49 MT exports, 4.67 MT imports
DRHP p.88
Growth driver
Growing Automobile Sector
DRHP p.86
Growth driver
Growing Demand for Long Steel
DRHP p.86
Growth driver
Opportunities in Steel Recycling
DRHP p.86
Growth driver
Steel Materials Can Play a Role in The Buildings and Cities of the Future
DRHP p.86
Regulatory context
National Steel Policy, 2017: 300 MT capacity by 2030-31, per capita consumption 160 kg
DRHP p.94
Regulatory context
PLI scheme for specialty steel approved in July 2021
DRHP p.93
Regulatory context
Steel Scrap Recycling Policy 2019
DRHP p.109
Regulatory context
Make in India, Digital India initiatives
DRHP p.83
Financial highlights
Revenue
34,55,42,713
p.37
Revenue
70,46,13,103
p.37
Revenue
38,44,28,206
p.37
Revenue
19,95,23,209
p.37
Profit after tax
1,14,29,044
p.38
Profit after tax
70,88,805
p.38
Profit after tax
14,66,390
p.38
Profit after tax
4,94,538
p.38
Operating cash flow
-2,29,57,383
p.39
Operating cash flow
1,34,69,316
p.39
Operating cash flow
1,85,31,899
p.39
Operating cash flow
1,96,50,808
p.39
Risks and red flags
Top risk
Substantial portion of revenues dependent upon few clients; top 10 clients account for 92.61% of sales, top 5 over 75%
DRHP p.26
Top risk
No long-term contracts with customers; business dependent on purchase orders
DRHP p.25
Top risk
Prices for traded products subject to fluctuations beyond company control
DRHP p.26
Customer/supplier risk
Loss of major customers would have material adverse effect on operations and profitability
DRHP p.26
Customer/supplier risk
Dependence on purchase orders; no long-term contracts with most customers
DRHP p.25
Customer/supplier risk
Failure to procure inventory or supply in timely manner may result in loss of business
DRHP p.27
Customer/supplier risk
Customer payment delays or defaults could reduce profits and cash flows
DRHP p.28
Financial risk
Delays or defaults in customer payments could reduce profits and cash flows
DRHP p.28
Financial risk
No alternate arrangements for working capital; shortfall could negatively affect operations
DRHP p.27
Financial risk
Failure to procure inventory in timely manner could adversely affect net sales, profitability and cash flow
DRHP p.27
Financial risk
Insurance coverage may not adequately protect against unforeseen losses
DRHP p.28
Regulatory risk
Changes in government regulations could disrupt operations and adversely affect business
DRHP p.31
Regulatory risk
Taxes and other levies imposed by government may have material adverse effect on business
DRHP p.31
Regulatory risk
Political instability or change in economic liberalization could harm business
DRHP p.32
Offer and advisors
Lead manager SHARE INDIA CAPITAL SERVICES PRIVATE LIMITED DRHP p.42
Registrar SKYLINE FINANCIAL SERVICES PRIVATE LIMITED DRHP p.42
Valuation and peers
Valuation metric 114.29 DRHP p.76
EPS / NAV / RoNW 114.29 DRHP p.76
Governance
Litigation Please refer to chapter titled 'Outstanding Litigation and Material Developments' beginning on page 191 DRHP p.138
Related-party transaction Please refer to Annexure VIII of Restated Financial statement beginning on page 175 DRHP p.146
Documents
Data sources: KITE , MONEYCONTROL , NSE , NSE , YAHOO . Data quality clean.