R.K.Fashion AccessoriesIPO Review — Financials, Valuation & Peers
A data-only look at the R.K.Fashion Accessories IPO: restated financials, valuation ratios, the RHP peer group and third-party analyst views. ipostation does not rate IPOs — nothing here is a recommendation.
Financials (₹ Cr)
| Period Ended | Revenue | PAT | EBITDA | Net Worth | Total Assets | Borrowings | EPS (₹) |
|---|---|---|---|---|---|---|---|
| FY 2024 | 14.46 | 0.95 | 0.11 | 7.82 | 11.7 | 0.61 | — |
| FY 2025 | 17.82 | 2 | 2.98 | 9.81 | 16.88 | 0.61 | — |
| FY 2026 | 31.54 | 6.29 | 7.34 | 16.16 | 23.88 | 1.7 | — |
| Jun 2026 (interim) | 7.49 | 1.83 | 2.55 | 17.99 | 28.32 | 3.06 | 5.59 |
Restated figures from the offer document. Amounts in ₹ crore; EPS in ₹ per share. FY = the 12 months ended 31 March. Interim periods cover part of a year and are not comparable to the full-year rows.
KPIs & Valuation
- P/E (pre-issue)
- 14.67x
- P/E (post-issue)
- 17.41x
- RoNW
- 40.66%
- RoE
- 10.71%
- RoCE
- 12.56%
- Debt / Equity
- 0.17
- EPS (pre-issue)
- ₹5.59
- EPS (post-issue)
- ₹4.71
- EBITDA Margin
- 34.08%
- PAT Margin
- 24.4%
- P/BV
- 5.13x
- NAV / share
- ₹15.99
- Market Cap
- ₹127.24 Cr
As of 30 Jun 2026 (latest reported period in the offer document). Market cap is computed on a post-issue basis at the upper price band.
Peer Comparison
| Company | EPS (₹) | NAV (₹) | P/E | RoNW | P/BV | Statements |
|---|---|---|---|---|---|---|
| R.K.Fashion Accessories | 6.5 | 15.99 | — | 40.66% | — | Restated |
| Banaras Beads Ltd. | 2.69 | 87.38 | 44.31x | 3.08% | 1.37x | — |
Peer group as disclosed in the offer document, figures as of 31 Mar 2026. The issuer’s P/E is computed at the upper price band.
Promoters & Shareholding
Promoters: <p>Md.Qasim, Mohammed Usman, Mohammed Imran, Md.Aurangzeb</p>
- Holding (pre-issue)
- 99.67%
- Holding (post-issue)
- 72.26%
- Dilution
- 27.41%
Analysis in brief
Margin and return profile
The offer document gives a read on the operating engine behind the issue. R.K.Fashion Accessories operates at an EBITDA margin of 34.08% and a net (PAT) margin of 24.4% — the share of revenue retained at the operating and the net level respectively. Capital efficiency reads at a return on capital employed (RoCE) of 12.56% and a return on equity (RoE) of 10.71%. At the upper band, the post-issue market capitalisation works out to about ₹127.24 crore. These are offer-document figures for the latest reported period (as of 30 Jun 2026); they describe the business as disclosed, not how the stock will trade.
Objects of the issue
Per the offer document, the company intends to deploy the net proceeds primarily toward to finance establishment of-new plating facility at baruipur, kolkata west bengal (₹8.8 crore), alongside to finance establishment of-inventory cost for the proposed new showroom and stores (₹5.6 crore). In all, 6 objects are disclosed.
Financials
In FY2026, R.K.Fashion Accessories reported revenue of ₹7.49 crore and a net profit of ₹1.83 crore. Revenue declined from ₹14.46 crore in FY2024 to ₹7.49 crore in FY2026 (-48.0%). Net worth stood at ₹17.99 crore at the end of FY2026. At the upper band, that puts the issue at roughly 14.7× FY2026 earnings (P/E), a figure worth comparing against listed peers in the sector.
Valuation
At the upper band, the issue is priced at 17.41× post-issue earnings and 5.13× book value, against a return on net worth of 40.66% and a debt-to-equity ratio of 0.17. These ratios come from the offer document and are for comparison, not a recommendation.
Promoters
The promoters of the company are <p>Md.Qasim, Mohammed Usman, Mohammed Imran, Md.Aurangzeb</p>. Promoter holding stands at 99.67% before the issue and comes down to 72.26% after listing.
Frequently asked questions
- What is the reservation split in the R.K.Fashion Accessories IPO?
- Of the total shares offered, retail investors get 59.3%, QIBs 1.07%, non-institutional investors 39.64%.
- Who are the promoters of R.K.Fashion Accessories and what is their holding?
- The promoters are <p>Md.Qasim, Mohammed Usman, Mohammed Imran, Md.Aurangzeb</p>. Promoter holding is 99.67% before the issue and 72.26% after listing.
- What is the P/E ratio of the R.K.Fashion Accessories IPO?
- At the upper price band, the R.K.Fashion Accessories IPO is valued at 14.67× pre-issue earnings and 17.41× post-issue earnings, based on the financials disclosed in the offer document.
- What are the objects of the R.K.Fashion Accessories IPO?
- The net proceeds go primarily toward to finance establishment of-new plating facility at baruipur, kolkata west bengal, among 6 disclosed objects.