Published: 31st Aug 2024
By: Value Research
The company manufactures highly critical and niche industrial components like technical springs and special fastening solutions (nuts and bolts), which find applications in industries including automotive, railway and wind energy sectors.
Total IPO size (Rs cr) 168 Offer for sale (Rs cr) 33 Fresh issue (Rs cr) 135 Price band (Rs) 503 - 529 Subscription dates September 2-4, 2024 Purpose of issue To undertake capex and repay debt
M-cap (Rs cr) 670 Net worth (Rs cr) 239 Promoter holding (%) 55.4 Price/earnings ratio (P/E) 30.1 Price/book ratio (P/B) 2.5
Key financials 2Y growth (% pa) FY24 FY23 FY22 Revenue (Rs cr) 18.1 203 166 145 EBIT (Rs cr) 48.6 30 31 13 PAT (Rs cr) 83.8 22 24 7 Net worth (Rs cr) 105 84 59 Total debt 57 60 57
*FY24 numbers are on a consolidated basis. ** Earnings before interest and tax (EBIT) is adjusted for rental payments PAT is profit after tax
3Y average (%) FY24 FY23 FY22 ROE (%) 20.5 21.4 28.9 11.2 ROCE (%) 18.9 19.9 22.9 13.9 EBIT margin (%) 14.2 14.6 18.8 9.2 Debt-to-equity 0.5 0.7 1Ratios
*FY24 numbers are on a consolidated basis
The company’s products have to undergo a long-period of testing and audits before they can be commercialised. This ensures client stickiness. Hence, the company boasts an average relationship of over eight years with its top 10 clients.
The company’s market itself is a limiting factor. To know how, head on to our full story, which lays out a detailed analysis. Read it from the link below.