Company Overview

QVC Exports Limited was incorporated as "QVC Exports Private Limited" at Kolkata on August 9, 2005, in West Bengal. It later changed its name to "QVC Exports Limited" and received a fresh Certificate of Incorporation on March 01, 2022, from the Registrar of Companies, Kolkata, upon converting its status from a Private Company to a Public Company. QVC Exports Ltd. is a Government of India-recognized Two Star Export House, a winner of many awards and accolades, and is accredited with AEO (Authorized Economic Operator) status. QVC Exports Ltd. is a professionally managed organization that has emerged as one of the leading suppliers for the steel industry and foundries through its entrepreneurial skills, innovative strategies, and a highly dedicated and dynamic workforce.

Business Operations and Core Activities

The Company is primarily engaged in the business of dealing in Ferro Alloys, including High Carbon Silico Manganese, Low Carbon Silico Manganese, High Carbon Ferro Manganese, High Carbon Ferro Chrome, and Ferro Silicon. It also deals in raw materials essential for steel manufacturing. QVCEL is an ISO 9001-certified company trading in various metals and minerals such as iron, steel, ferroalloys, copper, nickel, aluminum, manganese ore, coal, and coke. The company is a producer of Bulk Ferro Alloys like High, Medium, and Low Carbon Silicon Manganese and High, Medium, and Low Carbon Ferro Manganese.

QVC Exports has developed a unique business model that strategically positions it within the ferro alloys value chain. It procures raw materials like manganese ore, chrome ore, and coke for ferro alloy manufacturers. Subsequently, it purchases and resells the finished products to both domestic and international steel manufacturers. This dual approach of inward procurement and outward sales has enabled QVC Exports to build a robust and reliable customer and supplier base, effectively serving manufacturers at different stages of the steel supply chain.

Global Export Operations

As of March 31, 2024, 82.95% of the revenue from operations was generated from export activities. A significant portion of its operational revenue comes from exporting products to reputable steel manufacturers worldwide. As of January 31, 2024, the company exported its products to countries including, but not limited to, Taiwan, Japan, Bangladesh, Vietnam, Thailand, Turkey, Afghanistan, Korea, Italy, Ukraine, United Kingdom, Belgium, and Oman. The company also imports manganese ore and manganese ore lumps from reputed miners and manufacturers in Hong Kong and France.

Quality assurance is a cornerstone of the company's operations. The Company holds a certificate of registration dated April 8, 2023, from Bureau Veritas (India) Private Limited, confirming that its management system complies with ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 standards. They utilize independent inspection agencies such as Bureau Veritas, IRA, and SGS for quality verification.

Market Position and Industry Outlook

The ferro alloys industry offers significant growth opportunities for QVC Exports. India holds the 1st position globally for Silico Manganese exports and the 4th position for Ferro Manganese exports. India's export potential in this sector is substantial with high growth prospects. According to the Steelworld report, the ferroalloys industry is projected to grow at a CAGR of 5.9% between 2017 and 2025, with an expected valuation of US$ 188.7 billion by 2025. India's robust economy, massive infrastructure needs, and expanding industrial production are expected to drive strong growth in steel consumption.

Globally, the ferro alloys market is poised for growth, expected to rise from USD 139.5 billion in 2022 to USD 204.2 billion by 2030, at a CAGR of 5.6%. This expanding global demand presents significant export opportunities for QVC Exports Limited.

Financial Performance and Market Data

As of July 30, 2025, 03:31 PM, QVC Exports Ltd.'s market capitalization stood at Rs. 31.67 Cr. The 52-week high for QVC Exports Ltd (QVCEL) was ₹162, and the 52-week low was ₹22.20. The latest PE ratio as of July 30, 2025, 03:31 PM, was 5.72, and the PB ratio was 1.59.

The company has demonstrated strong financial growth in recent years. Key financial metrics for FY 2024 include:

- Revenue: Increased significantly from ₹12,310.14 lakhs in FY 2022 to ₹44,598.65 lakhs in FY 2024, indicating robust growth.

- Profit After Tax: Improved from ₹90.54 lakhs to ₹392.76 lakhs, reflecting positive profitability trends.

- Diluted EPS: Increased from ₹1.34 to ₹7.20, highlighting substantial earnings growth per share.

On a trailing twelve-month basis, QVC Exports Ltd. has an operating revenue of Rs. 973.86 Cr. The company exhibits an outstanding annual revenue growth of 112%. While the pre-tax margin of 1% requires improvement, the Return on Equity (ROE) of 17% is exceptional. The company maintains a reasonable debt-to-equity ratio of 7%, signaling a healthy balance sheet.

IPO and Public Listing

QVC Exports' IPO was subscribed 482.06 times. The issue opened for bidding on August 21, 2024, and closed on August 23, 2024. The IPO price was set at Rs. 86 per share. The scrip was listed at Rs. 161, a premium of 87.21% over the initial public offer (IPO) price. The promoter and promoter group shareholding diluted from 99.98% pre-offer to 73.22%. The company intends to utilize the net proceeds for working capital requirements, repayment of unsecured loans, and general corporate purposes.

Shareholding Pattern

As per the last reported quarter for QVC Exports Ltd., the Promoter held 73.2%, FIIs held 0.3%, DIIs held 0.2%, and the public held 26.4% of the total shares. This shareholding structure indicates strong promoter commitment while maintaining an adequate public float for trading liquidity.

QVC Exports Limited is positioned as a significant player in India's ferro alloys export industry, leveraging its strategic business model, quality certifications, and extensive global network to capitalize on the growing demand for ferro alloys in international markets.