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Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

Credit Rating (CRISIL)
CARE D
Rates the company's debt-servicing ability — not the quality or value of its shares.
Rated: 9 Jul 2025
This rating is over a year old.
View Full ReportValuation
Financials (FY2019)
Source: CRISILInvestment Thesis
Artedz Fabs Limited is under liquidation with no active operations since 2019. NSE delisted. Equity value is effectively nil.
Pros
Cons
Business Segments
Textile Fabric Manufacturing & Trading
Manufacturing and trading of cotton yarn dyed fabrics for suiting and shirting; cotton, linen, polyester, nylon, blended fabrics.
Revenue Model
Artedz Fabs Limited generates revenue through the sale of manufactured and/or processed fabrics to garment manufacturers, textile traders, and potentially export customers. Revenue depends on production volumes, fabric prices (linked to polyester yarn and raw material costs), and customer demand from downstream apparel and home textile industries.
Detailed Analysis
Growth Plans
Growing domestic demand for synthetic and blended fabrics
India's textile PLI scheme supporting capacity investment
Potential export opportunities as global brands diversify sourcing from China
Surat's infrastructure upgrades improving logistics for textile clusters
Industry Tailwinds
Recent Developments
India's textile and apparel exports saw a recovery trend in FY2024. Surat-based fabric manufacturers benefit from domestic demand for synthetic fabrics driven by fashion retail growth.
2024-02After significant volatility in FY2022-23, polyester yarn prices stabilised in H2 FY2024, providing margin relief to Surat-based synthetic fabric manufacturers.
2023-10Comparable Companies
SUTLEJTEX · ~2,500 Cr
Frequently Asked Questions
About Artedz Fabs
Artedz Fabs Limited is a Surat, Gujarat-based fabric manufacturing and processing company incorporated in 2001. The company operates in India's textile industry, producing and processing fabrics for the domestic and export markets. Surat is India's undisputed fabric capital — the city produces approximately 40% of India's total synthetic fabric output and is the world's largest polyester fabric processing hub. Surat's textile cluster houses thousands of weaving, dyeing, printing, and embellishment units, creating a vertically integrated ecosystem that enables rapid product development and cost-competitive production. The city has evolved from a traditional saree and dress material producer to a diversified synthetic fabric hub serving domestic fashion, apparel export, and home textile markets. Artedz Fabs has been operating in Surat's dynamic textile environment since 2001, with 23+ years of fabric manufacturing experience. The company benefits from Surat's deep ecosystem advantages — proximity to raw material suppliers (polyester yarn producers, traders), access to skilled textile labour, specialised processing infrastructure, and established domestic and export distribution networks. India's textile and apparel exports are growing at 8% annually, targeting $100 billion in exports by 2030. The China+1 strategy of global fashion brands increasingly sourcing from India creates export opportunities for Surat's fabric manufacturers. The domestic market also offers strong growth as India's middle class expands and fashion consumption per capita rises.
Key Milestones
Incorporated 2006 in Mumbai, Maharashtra (CIN: U17299MH2006PLC163645)
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Takes 2 minutes
We source & quote
Typically within 1 business day
You accept the allocation
Quote valid for 3 days
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Unlisted shares are illiquid and carry higher risk. Pricing is indicative, not live, and these are private off-market transactions with no exchange settlement guarantee. Read the full risk disclosure.
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Growing domestic demand for synthetic and blended fabrics
India's textile PLI scheme supporting capacity investment
Potential export opportunities as global brands diversify sourcing from China
Surat's infrastructure upgrades improving logistics for textile clusters
Industry Headwinds
Rising polyester yarn prices squeezing margins
Competition from low-cost Chinese fabric imports
Slowdown in domestic apparel retail affecting fabric demand
Textile dyeing and processing units face increasing environmental compliance costs and water usage regulations
Source: Regulatory Filings
Intense competition within Surat's fabric manufacturing cluster
Source: AlphaHub Research
Net profit margin is thin at 0.3% (FY2019) — limited buffer against revenue or cost shocks
Source: Financial data
Interest coverage ratio of 1.43x (FY2019) — earnings provide limited headroom to service debt obligations
Source: Financial data
CRISIL rating of CARE D — sub-investment grade; indicates elevated credit risk
Source: CRISIL
Fabric manufacturing profitability is highly sensitive to polyester yarn and petrochemical-derived raw material price movements.
Surat has thousands of fabric manufacturers creating intense price competition, making it difficult for smaller players to maintain margins.
Global demand slowdown in textile importing markets (US, EU) can reduce export orders from Indian fabric manufacturers.
The textile sector has complex GST implications and compliance requirements; any regulatory changes can impact cost structures.
Shares are thinly traded in the unlisted market with limited buyers, making exit at desired prices difficult.
VTL · ~15,000 Cr
NITINSPIN · ~1,200 Cr
Listed on NSE (ticker: ARTEDZ) — textile fabric manufacturer for suiting/shirting market
Last balance sheet filed March 31, 2019; subsequently entered liquidation proceedings
Delisted from NSE; no operational activity since 2019