Incorporated in January 1995, Adroit Industries (India) Limited is a vertically integrated manufacturer and supplier of propeller shafts and torque-transmission components used in driveline systems. The Company offers a portfolio of over 5,000 SKUs comprising precision-machined torque-transmission components, complete propeller shaft assemblies and forged components. Its vertically integrated manufacturing capabilities cover forging, precision machining, heat treatment, assembly, balancing and testing, enabling end-to-end control over the production process.
The Company supplies its products through distributors, Tier-1 driveline component suppliers and directly to OEMs, based on customer-specific technical requirements. Its products cater primarily to commercial vehicles, as well as SUVs, defence and emergency services, heavy equipment, off-highway machinery and industrial applications.
The Company has a strong export presence, supplying products to customers across North America, Europe, Latin America, the Middle East, Africa and Asia-Pacific. During Fiscal 2026, it supplied products to customers across more than 32 countries.
The Company is supported by its subsidiary, Adroit Driveshafts Private Limited, and together they had 367 permanent employees as of July 31, 2026.
Competitive Strengths
Adroit Industries (India) Ltd.’s revenue increased by 5% and profit after tax (PAT) rose by 44% 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 | 212.74 | 187.01 | 199.39 |
| Total Income | 143.04 | 136.61 | 125.10 |
| Profit After Tax | 26.16 | 18.14 | 14.53 |
| EBITDA | 38.71 | 31.02 | 29.69 |
| NET Worth | 128.63 | 103.53 | 87.82 |
| Reserves and Surplus | 105.59 | 96.92 | 78.79 |
| Total Borrowing | 52.40 | 8.32 | 16.29 |
| Amount in ₹ Crore | |||
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Tempsens Instruments (India) Ltd. | Mainboard | ₹650.00 Cr | ₹300 | 34.05 | ₹586.65 | +95.55% | ₹526.85 |
| MV Electrosystems Ltd. | Mainboard | ₹290.00 Cr | ₹425 | -68.88 | ₹624.00 | +46.82% | ₹882.20 |
| Indo-MIM Ltd. | Mainboard | ₹3,812.11 Cr | ₹485 | 44.01 | ₹741.75 | +52.94% | ₹1,161.45 |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding capital expenditure by the Company towards procurement of; (i) machinery and equipment for enhancement of operations at Dewas Facility; and (ii) transportation vehicle for local transportation of goods between the Manufacturing Facilities | 19.91 |
| 2 | Investment in the Subsidiary, Adroit Driveshafts Private Limited, in the form of debt or equity or a combination thereof, for funding capital expenditure towards procurement of; (i) machinery and equipment for enhancement of operations at Pithampur Facility; and (ii) transportation vehicle for local transportation of goods between the Manufacturing Facilities | 43.96 |
| 3 | Investment in the Subsidiary, Adroit Driveshafts Private Limited, in the form of debt or equity or a combination thereof, for re-payment or pre-payment, in full or in part, of certain borrowings availed by the Subsidiary | 24.12 |
| 4 | General Corporate Purposes | |
| Total | 87.98 |
| KPI | Mar 31, 2026 |
|---|---|
| ROE | 22.54% |
| ROCE | 19.01% |
| Debt/Equity | 0.41 |
| RoNW | 22.51% |
| PAT Margin | 18.69% |
| EBITDA Margin | 27.66% |
| NAV | 36.84 |
| Price to Book Value | 3.64 |
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 7.49 | 5.84 |
| P/E (x) | 17.89 | 22.95 |
| IPO Date | 23 to 25 Sep, 2026 |
| Listing Date | Wed, Sep 30, 2026 |
| Face Value | ₹10 per share |
| Price Band | ₹126 to ₹134 |
| Lot Size | 111 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,12,47,000 shares (agg. up to ₹151 Cr) |
| Fresh Issue | 98,97,000 shares (agg. up to ₹133 Cr) |
| Offer for Sale | 13,50,000 shares of ₹10 (agg. up to ₹18 Cr) |
| Share Holding Pre Issue | 3,49,11,340 shares |
| Share Holding Post Issue | 4,48,08,340 shares |
The promoters of the company are Saurabh Sangla, Mukesh Sangla, Monika Sangla, Shubhangi Trust, Shreya Trust and Swan Irrigation LLP.
| Share Holding Pre Issue | 96.1% |
| Share Holding Post Issue | 71.86% |
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