💰 Financial Performance

Revenue Growth by Segment

SPNP Paper and Pack Private Limited generated turnover of INR 36.56 Cr, while Yug Fashion Garments Private Limited generated INR 8.54 Cr. Consolidated profit grew by 1844.6% YoY, rising from INR 6.32 Lakhs to INR 122.90 Lakhs.

Geographic Revenue Split

100% of operations and subsidiary activities are based in India, primarily managed from Mumbai, Maharashtra.

Profitability Margins

SPNP Paper and Pack Private Limited reported a PAT margin of 1.83% (INR 66.77 Lakhs profit on INR 36.56 Cr turnover). Yug Fashion Garments Private Limited reported a PAT margin of 0.62% (INR 5.26 Lakhs profit on INR 8.54 Cr turnover).

EBITDA Margin

Not disclosed in available documents; however, consolidated net profit after depreciation stood at INR 122.90 Lakhs for FY25.

Capital Expenditure

The company undertook a major investment of INR 60.57 Lakhs on April 1, 2025, to acquire 100% of Auro Fintech Private Limited.

Credit Rating & Borrowing

Not disclosed in available documents. Total liabilities for subsidiaries include INR 6.72 Cr for SPNP and INR 4.57 Cr for Yug Fashion.

⚙️ Operational Drivers

Raw Materials

Dyes, chemicals, and textile auxiliaries represent the core trading inventory for the company's distribution business.

Capacity Expansion

Not disclosed in available documents; focus is currently on scaling up operations of existing subsidiaries in paper, garments, and fintech.

Raw Material Costs

Not disclosed in available documents; however, the company operates as a trader and distributor in the chemicals and dyes segment.

📈 Strategic Growth

Expected Growth Rate

Not disclosed

Growth Strategy

The company is pursuing an acquisition-led growth strategy, evidenced by the 100% acquisition of Auro Fintech for INR 60.57 Lakhs. It aims to achieve accelerated momentum by scaling up the operations of its paper and garment subsidiaries while integrating new fintech services.

Products & Services

Dyes, chemicals, textile auxiliaries, paper and packaging products, garments, and fintech services.

Brand Portfolio

Nidhi Granites, SPNP Paper and Pack, Yug Fashion Garments, and Auro Fintech.

New Products/Services

Fintech services through the newly acquired subsidiary Auro Fintech Private Limited (acquired April 2025).

Strategic Alliances

Maintains 100% ownership of SPNP Paper and Pack, Yug Fashion Garments, and Auro Fintech.

🌍 External Factors

Industry Trends

The company is transitioning from a pure trading entity into a diversified holding company with interests in manufacturing (paper/garments) and technology (Fintech), reflecting a shift toward higher-value service sectors.

Competitive Landscape

The company faces increased competition in its core chemical trading market, which management identifies as a threat to long-term profitability.

Competitive Moat

Moat is built on multi-sector diversification across four distinct industries (Chemicals, Paper, Garments, Fintech), which provides a hedge against sector-specific cyclicality.

Macro Economic Sensitivity

High sensitivity to the local economic environment and global geopolitical stability, which influence trading volumes and manufacturing demand.

Consumer Behavior

Management identifies growing demand for diversified consumer products as a key opportunity for its garment and packaging divisions.

Geopolitical Risks

Escalating geopolitical hostilities are cited as a primary threat to business prospects and supply chain continuity.

⚖️ Regulatory & Governance

Industry Regulations

Operations are governed by the Companies Act 2013 and SEBI Regulations. Secretarial audits indicate a need to strengthen internal compliance systems to match the company's growing size.

Taxation Policy Impact

Effective tax rates for subsidiaries are approximately 30.8% for SPNP Paper and 38.4% for Yug Fashion based on FY25 tax provisions.

Legal Contingencies

Not disclosed in available documents; no major pending court cases or case values were highlighted in the audit reports.

⚠️ Risk Analysis

Key Uncertainties

Primary risks include geopolitical instability impacting trade and the successful integration and scaling of the new Fintech business line.

Geographic Concentration Risk

100% revenue concentration in India, specifically through Mumbai-based operations and subsidiaries.

Technology Obsolescence Risk

The company is mitigating technology risks by diversifying into the Fintech sector through the acquisition of Auro Fintech.