What we do United Cotfab Ltd manufactures high-quality open-end cotton yarn for the textile industry, leveraging advanced technology and strategic locations in Gujarat's cotton-rich regions. |
Founded in 2,015 |
Market share Emerging player with modern production capacity, recently listed on BSE SME platform expanding market presence. |
Problem solved Provides quality cotton yarn with consistent quality to meet textile manufacturers' demand near major cotton-producing regions. |
Top clients or who we serve Serves textile manufacturers B2B, focusing on cotton yarn suppliers for regional and national markets. |
Key management Gagan Nirmalkumar Mittal - Chairman and Managing Director; Nirmalkumar Mangalchand Mittal - Non-Executive Director. |
Our journey and innovations Founded in 2015 as LLP, converted to public company in 2023; commenced manufacturing in 2023 with modern automated plant; IPO launched in 2024. |
Where we operate Primary operations in Gujarat, India, near Saurashtra cotton belt, catering to domestic textile sector. |
Top products or what we offer Open-end cotton yarn manufactured using advanced spinning technology, capacity approx 9125 MT per annum. |
Top brands - |
Raw materials needed Raw cotton sourced regionally from Gujarat and Maharashtra cotton-growing areas. |
Raw materials supplier Local cotton growers and suppliers in Gujarat and Maharashtra. |
Recurring vs cyclical contribution Revenue largely cyclical, tied to cotton crop seasons and textile industry demand cycles. |
Our industry position New entrant with increasing capacity and market share, focusing on quality and technological advantage. |
Financial highlights FY 2024-25 revenue Rs 125.3 crore; net profit Rs 2.75 crore; EPS improved to Rs 1.72; IPO raised Rs 36.29 crore. |
Geographical revenue split Primarily India domestic market with focus on Gujarat region; no export data available. |
Order book - |
Whats driving growth Growth driven by commissioning new manufacturing facility, proximity to raw cotton, improved efficiencies, and equity infusion via IPO. |
Our future plans Plans to expand capacity and optimize technology to enhance market share and profitability in cotton yarn manufacturing. |
Our green promise Focus on sustainable cotton sourcing and energy-efficient operations, adhering to industry environmental standards. |
Our people and values Employee base skilled in modern spinning technology, emphasis on ethics, diversity, and compliance with workplace standards. |
Key challenges ahead Volatility in cotton prices and production, industry cyclicality, competition from established players, and regulatory compliance. |
Interesting facts Successfully transitioned from LLP to public company within a decade, rapidly establishing manufacturing with modern equipment. |
Risks and strategy Address supply-side risks via local cotton sourcing; mitigation through technological investments and quality assurance. |
