For investors, it can be quite challenging to decide if the Euro Pratik Sales IPO is a good investment or not. If you are unsure and still thinking about whether to apply or skip this IPO, don’t worry. In this article, we bring you the top important key factors and a detailed review of the Euro Pratik Sales IPO. This will help you analyze the strengths, risks, and financial details of the Euro Pratik Sales, making your investment decision better.
About Company
Incorporated in 2010, Euro Pratik Sales Limited is involved in the selling and marketing of decorative wall panels and laminates that match modern architectural trends. The company is involved in offering innovative products, including Louvres, Chisel, and Auris. Additionally, the company’s EBITDA increased from ₹621.63 million in Fiscal 2022 to ₹836.34 million in Fiscal 2023 and further increased to ₹890.02 million in Fiscal 2024.
In India, the company has more capacity as its product distribution is across 88 cities. One of the famous celebrities, Hritik Roshan, is the brand ambassador of the “Euro Pratik” Products. Strong capacities, experienced promoters, and a strong and effective financial structure are the company’s strengths. Moreover, the management team is also skilled and well-knowledged in the Decorative Wall Panels and Decorative Laminates industries.
Strengths
- Euro Pratik is one of the leading and largest organized wall panel brands in the organized Decorative Wall Panel industry.
- The company is known to offer over 30 products with 3,000 designs across various categories.
- The company consists of a well-established distribution network and a Pan-India presence.
- Euro Pratik is driven by experienced Promoters and a management team that has 19 years of experience in the wall decor industry.
Weaknesses
- In FY25, FY24, and FY23, the company relied heavily on the main contract manufacturer for its products, and losing them could badly affect its business and finances.
- In FY25, FY24, and FY23, the company generated most of its revenue through its top 30 distributors. If any of these distributors discontinue or underperform, it can negatively impact the business, cash flow, and financial condition.
- In FY25, Euro Pratik Sales has experienced negative cash flows from operating activities. If in the future, the company experiences the same negative cash flows, it could badly affect the business, cash flow, and financial condition.
- The company does not own its own manufacturing units, which means the company depends fully on contract manufacturers, which can harm the business and reputation.
Euro Pratik Sales IPO Review
| Reviewer | Recommendation |
| IPO Watch | |
| Axis Capital | |
| Capital Market | Neutral |
| SBICAP Securities Limited | May Apply |
Euro Pratik Sales IPO Details
| IPO Open Date: | September 16, 2025 |
| IPO Close Date: | September 18, 2025 |
| Face Value: | ₹1 Per Equity Share |
| IPO Price Band: | ₹235 to ₹247 Per Share |
| Issue Size: | Approx ₹451.31 Crores |
| Offer For Sale: | Approx 1,82,71,862 Equity Shares |
| Registrar | MUFG Intime India Pvt.Ltd. |
| IPO Lead Managers | Axis Capital Ltd., Dam Capital Advisors Ltd. |
| Basis of Allotment | September 19, 2025 |
| IPO Listing Date: | September 23, 2025 |
| Listing | BSE, NSE |
Financial Performance Trend Details
| Particulars | Fiscal 2025 | Fiscal 2024 | Fiscal 2023 |
| Revenue from Operations | 2,842.27 Crores | 2,216.98 Crores | 2,635.84 Crores |
| EBITDA | 1,101.01 | 890.02 | 836.34 |
| EBITDA Margin (%) | 38.74% | 40.15% | 31.73% |
| Net Profit after Tax | 764.40 | 629.07 | 595.65 |
| Return on Net Worth (%) | 32.60% | 40.39% | 45.81% |
| Return on Capital Employed | 44.58% | 55.17% | 61.42% |
| Debt-Equity Ratio | 0.01 | – | – |
| Days Working Capital | 168 | 139 | 119 |
Peer Comparison with the Company
| Name of the Company | Face Value per Equity Share (₹) | P/E | EPS (Basic) (₹) | RoNW (%) | NAV per Equity Share (₹) |
| Euro Pratik Sales Ltd | ₹1 | [●] | ₹7.53 | 32.65% | ₹22.91 |
| Greenlam Industries Limited | ₹1 | 87.54 | ₹2.68 | 6.07% | ₹44.17 |
| Asian Paints Limited | ₹1 | 62.64 | ₹38.25 | 19.16% | ₹201.84 |
| Berger Paints India Limited | ₹1 | 55.77 | ₹10.13 | 19.22% | ₹52.78 |
| Indigo Paints Limited | ₹10 | 40.32 | ₹29.76 | 13.79% | ₹216.35 |
Promoters & Track Records, if any
- Pratik Gunvantraj Singhvi, one of the Promoters, the Chairman and Managing Director of the Company, holds 5,283,500 shares, representing 5.17% of the shares in the company.
- Jai Gunvantraj Singhvi, aged 41 years, is the promoter, Executive Director, and Chief Financial Officer of the company, and holds 5,216,000 shares, representing 5.10% of the shares in the company.
- Pratik Gunwantraj Singhvi HUF holds 29,326,500 Equity shares in the company, representing 28.70% of the paid-up Equity Share capital.
- Jai Gunwantraj Singhvi HUF holds 29,326,500 equity shares, representing 28.70% of the paid-up Equity Share capital in the company.
Information on Industry’s P/E Ratio
The company Euro Pratik Sales did not show the P/E ratio in the RHP. However, let’s check out the industry’s P/E ratio to understand it more. The Price-To-Earnings Ratio within the Decorative Wall Panel industry signifies significant changes, with the lowest P/E recorded at 40.32 and the highest at 87.54. On average, the industry maintains a P/E ratio of 61.57, which showcases the typical level at which companies in this sector are currently trading.
Euro Pratik Sales IPO – Should You Apply or Not?
Euro Pratik Sales IPO has a well-established distribution network, pan-India presence, experienced promoters and a management team, rising demand with a diverse portfolio of the laminates segment, and steady revenue growth. However, investors should also notice that risks include negative cash flows, intense competition, dependence on third-party logistics and service providers, and pricing pressure on raw materials.
Cautious Investors may choose to apply for this IPO for listing gains in a short-term period after evaluating the Grey Market Premium trends (GMP) and market sentiment and demand. Long-term investors must carefully evaluate the company’s scalability, profit margins, and future growth before investing their money in it.
Please note:
Investors are advised to make their own decisions and apply entirely at their own risk. This article is written using information from the company’s RHP (Red Herring Prospectus) data and online sources. If you have any queries, kindly contact the IPO Watch Team.
