Incorporated in 1972, Kanohar Electricals Limited is engaged in the manufacturing of transformers in India. The Company caters to industries such as power transmission, railways, renewable energy and power distribution.
The Company operates through two business segments: (i) transformer manufacturing and (ii) engineering, procurement and construction (EPC). It is one of four manufacturers in India certified by the Research Designs and Standards Organisation (RDSO), the research and development arm of Indian Railways, for manufacturing 100 MVA 132 kV Scott transformers.
Kanohar Electricals Limited operates two manufacturing facilities in Rithani, Meerut, Uttar Pradesh (“Rithani Manufacturing Facility”) and Gangol, Meerut, Uttar Pradesh (“Gangol Manufacturing Facility” and collectively with Rithani Manufacturing Facility, “Manufacturing Facilities”) with an aggregate transformer manufacturing capacity of 19,200 MVA as on March 31, 2026.
The Company has five regional offices located in NCT of Delhi, Mumbai, Maharashtra, Kolkata, West Bengal, Bangalore, Karnataka, and Chennai, Tamil Nadu, and a team of over 526 employees to cater to our customers across India.
Kanohar Electricals Ltd.’s revenue increased by 45% and profit after tax (PAT) rose by 99% 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 | 613.93 | 432.07 | 322.86 |
| Total Income | 662.86 | 457.30 | 281.12 |
| Profit After Tax | 129.73 | 65.12 | 17.76 |
| EBITDA | 180.42 | 93.39 | 31.07 |
| NET Worth | 372.84 | 243.13 | 178.12 |
| Reserves and Surplus | 357.95 | 239.12 | 174.11 |
| Total Borrowing | 39.04 | 32.27 | 42.08 |
| Amount in ₹ Crore | |||
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Powerica Ltd. | Mainboard | ₹1,100.00 Cr | ₹395 | 24.45 | ₹390.00 | -1.27% | ₹525.05 |
| Atlanta Electricals Ltd. | Mainboard | ₹687.34 Cr | ₹754 | 46.33 | ₹823.35 | +9.20% | ₹1,881.70 |
| Anawil Wire & Engineering Ltd. | SME | ₹177.81 Cr | ₹270 | 14.53 | ₹346.10 | +28.19% | ₹382.40 |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the capital expenditure requirements of Company | 64.18 |
| 2 | Funding the incremental working capital requirements of Company | 155.00 |
| 3 | General Corporate Purposes | |
| Total | 219.18 |
| KPI | Mar 31, 2026 | Mar 31, 2025 |
|---|---|---|
| ROE | 42.12% | 30.92% |
| ROCE | 70.13% | 47.61% |
| Debt/Equity | 0.10 | 0.13 |
| RoNW | 34.80% | 26.78% |
| PAT Margin | 19.57% | 14.24% |
| EBITDA Margin | 27.59% | 20.73% |
| NAV | 50.09 | 32.66 |
| Price to Book Value | 12.62 | 19.35 |
| Valuation Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 17.43 | 16.38 |
| P/E (x) | 36.26 | 38.58 |
| IPO Date | 8 to 10 Sep, 2026 |
| Listing Date | Wed, Sep 16, 2026 |
| Face Value | ₹2 per share |
| Price Band | ₹601 to ₹632 |
| Lot Size | 23 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 1,67,04,750 shares (agg. up to ₹1,056 Cr) |
| Fresh Issue | 47,46,835 shares (agg. up to ₹300 Cr) |
| Offer for Sale | 1,19,57,915 shares of ₹2 (agg. up to ₹756 Cr) |
| Share Holding Pre Issue | 7,44,40,000 shares |
| Share Holding Post Issue | 7,91,86,835 shares |
The promoters of the company are Dinesh Singhal, Adesh Singhal, Vivek Singhal, Abhishek Singhal, Virat Singhal and Aditya Singhal.
| Share Holding Pre Issue | 99.72% |
| Share Holding Post Issue | 78.64% |
As per our analysis and Based on the information we have, this is the output.
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