IPO Details

About Company

Susan Electricals India Ltd., incorporated in 2005, is a prominent player in the Indian electrical manufacturing sector, specializing in the production of a diverse range of electrical equipment including transformers, switchgear, and circuit breakers. The company operates under the umbrella of the Susan Group, which has been a significant contributor to the electrical infrastructure in India. With state-of-the-art manufacturing facilities located in Maharashtra and Gujarat, Susan Electricals boasts a robust production capacity that supports both domestic and international demand. The company has established a wide geographic presence across India, with a comprehensive distribution network that ensures efficient delivery of products to various markets. As of the latest financials, Susan Electricals reported a total income of INR 500 crore, with a net profit of INR 50 crore, reflecting an EBITDA margin of 15%. The company's return on capital employed (ROCE) stands at 12%, while return on equity (ROE) is noted at 10%. The debt-equity ratio is a manageable 0.5, indicating a balanced approach to leveraging. The upcoming IPO aims to raise funds primarily for expansion into new markets, enhancing manufacturing capabilities, and repaying existing debt. Post-issue, the market capitalization is projected to be around INR 1,000 crore, with an earnings per share (EPS) of INR 5 and a price-to-earnings (P/E) ratio of 20, suggesting a fair valuation in the current market context. Investor sentiment appears cautiously optimistic, driven by the company's solid fundamentals and growth potential in the electrical sector.