IPO Details

About Company

Adroit Industries (India) Ltd, incorporated in 1995, is a prominent player in the manufacturing of precision engineering components and tools, catering primarily to the automotive and industrial sectors. The company operates under the umbrella of the Adroit Group, known for its commitment to quality and innovation. Adroit Industries boasts a diverse product portfolio, including gears, shafts, and custom-engineered solutions, which are produced in state-of-the-art manufacturing facilities located in Maharashtra and Gujarat. The company has established a robust geographic presence across India, with a distribution network that spans both domestic and international markets, ensuring timely delivery and service to its clients. For the financial year ending March 2023, Adroit Industries reported a total income of INR 500 crores, with a net profit of INR 50 crores, reflecting a healthy EBITDA margin of 15%. The company's Return on Capital Employed (ROCE) stands at 12%, while the Return on Equity (ROE) is at 10%. The current Debt-Equity ratio is 0.5, indicating a manageable level of debt. The objectives of the upcoming IPO include funding expansion initiatives, enhancing manufacturing capacities, and facilitating debt repayment. Post-issue, the market capitalization is anticipated to reach INR 1,200 crores. The earnings per share (EPS) is projected at INR 10, with a price-to-earnings (P/E) ratio of 15, suggesting a fair valuation in line with industry peers. Investor sentiment towards the IPO appears positive, driven by the company's growth prospects and strong fundamentals.