Industries
Alok Industries (₹10,050 Cr), Bombay Dyeing, Garden Silk Mills, Bombay Rayon, Mandhana, Spentex and denim TEV studies.
Sector overview
The textile practice covers the full chain from spinning and weaving to processing, denim and readymade garments. The largest assignment is the valuation of Alok Industries for State Bank of India (₹10,050 crore). Others include Bombay Dyeing (₹904 crore), Garden Silk Mills on both an asset and enterprise basis for Bank of Baroda, Bombay Rayon Fashions, Spentex, Hindoostan Spinning and Weaving Mills, Kores India and Naagreeka Exports.
Because much of the sector has passed through restructuring, the team has particular depth in stressed situations: IBC valuations of Mandhana Industries (₹1,000 crore), Indus Fila, Datsun Fashions, NRC Limited and Provogue, including a brand valuation, and TEV studies for the SVG Denim and Rainbow Denim expansions and the Krishna Knitware project, where the firm also acted as Lenders’ Engineer.
Industry challenges
Yarn and fabric margins track cotton and polyester prices with a lag that can erase a year’s cash flow. We build the viability case on a price range, not a point estimate, and show where debt service breaks.
Ring frames, looms and processing lines lose value and efficiency with age and technology change. Our engineers record make, vintage, condition and utilisation machine by machine before assigning value or remaining life.
Textile insolvencies need a realistic view of what a buyer will pay for the plant as a going concern versus in parts. We report fair value and liquidation value with the assumptions behind each.
Inventory across the chain ties up more funding than the plant itself. TEV studies size working capital from actual conversion and collection cycles.
Our solutions
Machine-by-machine valuation of spinning, weaving, processing and garment plant for loan security, restructuring and resolution.
Learn moreViability of new spinning, denim and processing capacity, with market, technology and working-capital review.
Learn moreFair and liquidation value for resolution professionals and committees of creditors, from an IBBI-registered firm covering all three asset classes.
Learn moreTrack record
| Company | Lender or appointing party | Service | Value |
|---|---|---|---|
| Alok Industries | State Bank of India | Valuation | ₹10,050 Cr |
| Garden Silk Mills | Bank of Baroda | Asset and enterprise valuation | ₹1,563 Cr / ₹1,620 Cr |
| Mandhana Industries | Resolution professional (EY Restructuring) | IBC valuation | ₹1,000 Cr |
| Bombay Dyeing and Manufacturing Company | Company | Valuation | ₹904 Cr |
| Naagreeka Exports | State Bank of India | Valuation | ₹218 Cr |
| SVG Denim | State Bank of India | TEV study | ₹172 Cr |
| Indus Fila | Resolution professional | IBC valuation | ₹135 Cr |
| Krishna Knitware Technology | Allahabad Bank | Lenders’ Engineer | ₹500 Cr |
In numbers
Valuation, enterprise value or project cost in ₹ crore.
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