Incorporated in 1994, Sumax Engineering Ltd. is engaged in the manufacturing and trading of products for the Automotive OEM (Original Equipment Manufacturer) and Auto Refinish markets. The company operates through two segments: manufacturing and trading.
Its manufacturing portfolio includes adhesive tapes and die-cuts, pre-taped masking films, rubbing and polishing compounds, buffing and foam pads, reflective tapes, domes and graphics, and car care products.
Through its trading business, the company supplies electrical and pneumatic tools, abrasive sheets, discs and rolls, body shop consumables, retail products, accessories, and aerosol products.
The company operates two manufacturing units, located in Sriperumbudur, Tamil Nadu, and IMT Manesar, Haryana.
It has a market presence across 26 states and Union Territories in India and exports its products to markets including Thailand, South Korea, Russia, Turkey, China, Vietnam, the United States, Saudi Arabia, and Taiwan.
As of March 31, 2026, the company had 121 employees.
Competitive Strengths
Sumax Engineering Ltd.’s revenue increased by 1% and profit after tax (PAT) rose by 28% between the financial year ending with March 31, 2026 and March 31, 2025.
| Period Ended | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Assets | 84.81 | 66.14 | 54.00 |
| Total Income | 148.34 | 147.18 | 131.54 |
| Profit After Tax | 12.76 | 9.98 | 7.43 |
| EBITDA | 19.08 | 15.03 | 11.63 |
| NET Worth | 61.60 | 48.84 | 38.86 |
| Reserves and Surplus | 46.88 | 46.75 | 36.77 |
| Total Borrowing | 13.06 | 7.75 | 6.43 |
| Amount in ₹ Crore | |||
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Technocrats Plasma Systems Ltd. | SME | ₹60.98 Cr | ₹132 | 11.38 | ₹241.50 | +82.95% | ₹241.50 |
| Liotech Industries Ltd. | SME | ₹36.03 Cr | ₹321 | 23.13 | ₹244.15 | -23.94% | ₹102.35 |
| Narmadesh Brass Industries Ltd. | SME | ₹44.87 Cr | ₹515 | 19.63 | ₹470.25 | -8.69% | ₹334.00 |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding of Capital Expenditure towards Construction of proposed manufacturing Unit I at Plot No-E-185, RIICO IND Area Karoli Teh Tapukara, Rajasthan | 4.89 |
| 2 | Funding of Capital Expenditure towards Construction of proposed manufacturing Unit II at Plot No. P 32 Street No. B, Sector 11, Model Economic Township, Village – Nimana, Tehsil Badli, District – Jhajjar, State Haryana | 16.62 |
| 3 | Funding working capital requirements of the company | 12.00 |
| 4 | General corporate purposes | |
| Total | 33.51 |
| KPI | Mar 31, 2026 | Mar 31, 2025 |
|---|---|---|
| ROE | 23.10% | 22.76% |
| ROCE | 23.86% | 24.64% |
| Debt/Equity | 0.21 | 0.16 |
| RoNW | 20.71% | 20.44% |
| PAT Margin | 8.64% | 6.83% |
| EBITDA Margin | 12.86% | 10.21% |
| NAV | 41.83 | 33.21 |
| Price to Book Value | 2.41 | 3.04 |
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 8.66 | 6.71 |
| P/E (x) | 11.66 | 15.05 |
| IPO Date | 25 to 28 Aug, 2026 |
| Listing Date | Wed, Sep 2, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹95 to ₹101 |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 52,87,200 shares (agg. up to ₹53 Cr) |
| Reserved for Market Maker | 2,66,400 shares (agg. up to ₹3 Cr) |
| Fresh Issue (Ex Market Maker) | 40,24,800 shares (agg. up to ₹41 Cr) |
| Offer for Sale | 9,96,000 shares of ₹10 (agg. up to ₹10 Cr) |
| Net Offered to Public | 50,20,800 shares (agg. up to ₹51 Cr) |
| Share Holding Pre Issue | 1,47,31,500 shares |
| Share Holding Post Issue | 1,90,22,700 shares |
The promoters of the company are Sudeep Mehta and Smriti Mehta.
| Share Holding Pre Issue | 96.74% |
| Share Holding Post Issue | 71.25% |
As per our analysis and Based on the information we have, this is the output.
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