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Unlisted Shares

Indian Crown Essentials

As of July 27, 2024, Indian Crown, Unlisted Shares are trading at ₹38083.00 per share, with a 52-week high of ₹38083 and 52-week low of ₹15000. The minimun lot size is 15 shares, and the shares are traded on NSDL and CDSL.

Face Value

₹ 10

Total Share

10,000

Total Income

₹ 8.54 undefined

Profit After Tax

₹ ****

P/E

****

Market Capitalisation

₹ 38.08 Cr

Enterprise Value

₹ ****

Sector

Consumer Discretionary

Sub-sector

Fashion & Safety

Category

Early Revenue

Cashflow - Operations

-₹ 0.55

Cashflow - Financing

5

Indian Crown Growth

Compounded Sales Growth

1 Year

3 Year

5 Year

Compounded Profit Growth

1 Year

3 Year

5 Year

Return On Equity

2025

2027

2029

Highlights

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Intro & Business Model

  • Manufacturer of high-quality handbags and backpacks: Indian Crown is a manufacturer of made-in-India handbags, laptop bags, travel bags, diaries, pouches, polyester bags, leatherette bags, notebooks, wallets, leather clutches, luggage, and leatherette accessories.
  • Hybrid Distribution Model: Indian Crown employs a hybrid distribution model, catering to both B2B and D2C segments. In the B2B (offline) segment, they serve established corporate clients like Lino Perris, COBS, Swiss Military, Borosil, and others. Further, in the D2C (online) segment, they serve retailers through online e-commerce platforms like Amazon, Flipkart, Myntra, and AJIO.
  • Addressing Industry Challenges: Indian Crown has identified a critical gap in the market, recognizing the challenges faced by retailers in Tier 1/2/3 cities – high prices and inferior product quality. By offering high-quality, Indian-made products at competitive prices, Indian Crown aims to address these concerns and provide a reliable solution for both corporate and individual buyers.
  • Strong Brand Foundation: The company's founder brings extensive industry experience of 8 years, having worked with renowned brands like Lino Perris, COBS, and Swiss Military. This experience is facilitating the establishment of a distribution network, further helping to strengthen the Indian Crown's position in the market.
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Unique Differentiators

  • Quality product with pocket-friendly pricing: The Indian Crown emphasizes utilizing top-notch materials like PU and Canvas in their products while ensuring an affordable price range. This strategy aims to enhance accessibility and attractiveness to consumers, prioritizing both quality and affordability in their product offerings.
  • Functionality & Designing: Indian Crown specializes in crafting multi-purpose bags equipped with advanced features like biometric locks and Office-cum-Gym capabilities, enhancing both utility and security for the modern user. Indian Crown prioritizes contemporary styles and modern designs, ensuring its products remain at the forefront of fashion trends.
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Key Traction & Metrics

  • 5,500 units are expected to be produced per month (expected to increase by 2,500 units per month)
  • 15,000 units of production capacity per month
  • 60% revenue expected from B2B segment and 40% from D2C segment
  • 20+ SQS ready and 20 SQS are in the pipeline
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Financial Projections

  • Top line and bottom line: Indian Crown is aiming at revenue of ₹ 5.06 Cr in FY24 and is expected to reach ₹ 190.17 Cr in FY29 with a CAGR of 107% and the PAT is aiming at ₹ 0.61 Cr. in FY24 and is expected to reach ₹ 29.75 Cr in FY29 with a CAGR of 118%.
  • Margins: Indian Crown with its strong networking, boasts substantial margins of 58% in gross margin, 15% in EBIT margin, and 10% in PAT margins.
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Investment Thesis

  • Indian Crown has the potential to become a prominent player in the handbags and backpacks Industry with its innovative and quality-oriented bag by providing at a reasonable price.
  • Indian crown is expected to reach ₹190.17 Cr revenue in FY29 from ₹5.06 Cr in FY24. Currently, based on the customer list, production capacity, and experience of management, the company is valued at ₹38.1 Cr. The company is anticipated to achieve a valuation of ₹250 Cr by FY29 which is 6.5x times, implying that an investment of ₹1,00,000 in FY24 is projected to reach ₹6,50,000 by FY29 (considering the constant effect of dilution).

Business Rating

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Managment

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Accounting Practice

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Profatibility

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Solvency

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Growth

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Valuation

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Overall Ratings

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Recommendation

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Our Team

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Garima Aziz

( Co-Founder & Director )

 Garima Aziz had 2 enterprises in the past, Indian Crown (in partnership with Shoukat Aziz) and GHS Lifestyle (OPC) Private Limited (Sole proprietorship) which was involved in the production of handbags and backpacks for esteemed brands including COBS, Swiss Military, Lino Perris, Ciria India, Borosil, among others.

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Shaukat Aziz

( Co-Founder & Director )

Shoukat Aziz possessed six years of experience as a channel sales manager in Modways’ Object Pvt Ltd company and two years of experience in overseeing and managing the operations of an Original Equipment Manufacturer (OEM) specifically focused on crafting handbags and backpacks for these reputable brands.

Quantity

Invest

, Min. Investment: ₹