Antala Industries Ltd. IPO Review, Financial Analysis & Valuation

In-depth editorial analysis, statutory financial disclosures, and peer valuation metrics to help you evaluate if the Antala Industries Ltd. IPO is good or bad.

Business Overview

Incorporated in August 2024, Antala Industries Limited is engaged in manufacturing, processing, printing, laminating, and supplying industrial and commercial packaging products, including BOPP bags, BOPP printing and lamination rolls, PP woven bags, and PP woven lamination rolls. The Company serves industries such as food processing, fertilizers, chemicals, cement, and seeds, offering customized packaging solutions with strength, durability, moisture resistance, and high-quality printing. Its integrated manufacturing facility in Rajkot, Gujarat, supports in-house extrusion, printing, lamination, stitching, and finishing operations. The Company’s key strengths include an integrated manufacturing setup, a diversified and customizable product portfolio, and established customer and supplier relationships. It is supported by promoters with nearly three decades of packaging industry experience and holds ISO 9001:2015, ISO 14001:2015, ISO 22000:2018, and ISO 45001:2018 certifications. Its focus on quality control, production efficiency, and timely delivery enables it to cater to varied packaging requirements across multiple industries. As of September 30, 2026, the Company had 11 employees across its operational and administrative functions.

Financial Performance

Period EndedRevenueExpensePATAssetsEBITDANet WorthTotal Borrowing
30 Sep 202630.20NA4.1934.885.7622.171.75
31 Mar 202647.53NA4.2428.416.1517.034.19
31 Mar 202531.98NA1.8225.472.8212.193.85
31 Mar 202412.59NA0.895.971.363.540.36

Peer Comparison & Valuation

Compare the valuation of Antala Industries Ltd. against its listed industry peers to determine if the issue price is justified.

CompanyIssue TypeIssue SizeIssue PricePE RatioListing Day CloseListing Gain/Loss %LTP
Vama Wovenfab Ltd.SME₹49.54 Cr₹34111.04₹323.95-5.00%₹86.20
Shakti Polytarp Ltd.SME₹26.93 Cr₹597.38₹57.08-3.25%₹47.74
Injecto Polymers Ltd.SME₹56.12 Cr₹1009.48₹95.95-4.05%₹93.40
Dhaval Packaging Ltd.SME₹36.36 Cr₹9712.05₹111.68+15.13%₹109.00
Diksha Polymers Ltd.SME₹17.90 Cr₹1129.79₹120.20+7.32%₹193.00
RFBL Flexi Pack Ltd.SME₹35.33 Cr₹509.75₹55.10+10.20%₹90.35
Knack Packaging Ltd.Mainboard₹439.50 Cr₹17018.34₹182.98+7.64%₹204.88

Should you apply for the Antala Industries Ltd. IPO?

Determining whether the Antala Industries Ltd. IPO is good or bad requires evaluating the company's financial growth trajectory, the sector's macroeconomic tailwinds, and the premium demanded by the promoters in the price band.

  • Review the PAT (Profit After Tax) margins in the financials table above to ensure profitability is not artificially inflated just before the IPO.
  • Examine the P/E Ratio in the peer comparison section. A lower P/E relative to industry peers may indicate an undervalued issue.
  • Monitor the QIB subscription data on the final day, as heavy institutional buying is a strong indicator of smart-money confidence.