MV Electrosystems Ltd. IPO

Incorporated in 2009, MV Electrosystems Ltd. is engaged in engaged in the design, development, assembly and manufacturing of electrical & power electronics equipment used in railway rolling stock including IGBT based 3-Phase Drive Propulsion equipment for electric locomotives, switchgear panels for railway coaches & EMU’s, cable protection & management products and electrical components, systems & sub-systems.

The company operate within India’s rail infrastructure transition driven by mandated broad-gauge electrification, Make-inIndia procurement requirements and the expansion of the network, including upcoming high-speed corridors. MV Electrosystems Ltd. operates through integrated design, production, and quality-testing processes. The company emphasizes innovation, precision engineering, and client-centric solutions, enabling reliable performance and long-term value across diverse industries and product categories.

Products:

  • Propulsion Equipment
  • Cable protection & management products

The company has in-house Research, Design & Development Centre based at Plot No. 7, Site No. 2, 14/3, Mathura Road, Faridabad, Haryana, India is the technological backbone of our operations, dedicated to innovation, engineering and advancement of complex and high-performance power electronics and other railway systems.

As of May 31, 2026. the company had 206 employees.

Competitive Strengths:

  • Engineering and systems design focused railways company with strong in-house research, design & development capabilities for highly engineered and complex railway systems, combining precision and domain expertise.
  • Ability to create precision driven design & development capabilities and safety critical & complex railway electric equipment acts as high barriers to entry in this segment.
  • Long-standing and deep relationship with Indian Railways
  • Experienced Promoter and management team with strong implementation skills and operational effectiveness.

Company Financials (Restated)

MV Electrosystems Ltd.’s revenue decreased by 23% and profit after tax (PAT) dropped by 1000% between the financial year ending with March 31, 2026 and March 31, 2025.

Period Ended31 Mar 202631 Mar 202531 Mar 2024
Assets145.7474.1265.58
Total Income49.7964.6450.57
Profit After Tax-12.631.400.56
EBITDA-9.948.926.41
NET Worth62.5717.9116.53
Reserves and Surplus52.348.779.15
Total Borrowing49.8927.5027.59
Amount in ₹ Crore

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IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

#Issue ObjectsEst Amt (₹ Cr.)
1Funding long-term working capital requirements of the Company180.00
2Investment in research design and development activities for new power electronic equipment21.00
3General corporate purpose 
 Total201.00

Key Performance Indicator (KPI)

KPIMar 31, 2026
ROE-31.55%
ROCE-17.69%
Debt/Equity0.80
RoNW-20.29%
PAT Margin-25.36%
EBITDA Margin-19.97%
NAV30.58
Price to Book Value13.90

IPO Valuation

Valuation MatricPre IPOPost IPO
EPS (₹)-6.17-ve
P/E (x)-68.88-ve

MV Electrosystems IPO Details

IPO Date 30 Jul to 3 Aug, 2026
Listing Date Thu, Aug 6, 2026T
Face Value ₹5 per share
Price Band ₹400 to ₹425
Lot Size 34 Shares
Sale Type Fresh capital only
Issue Type Bookbuilding IPO
Listing At BSE, NSE
Total Issue Size 68,23,528 shares (agg. up to ₹290 Cr)
Fresh Issue 68,23,528 shares (agg. up to ₹290 Cr)
Share Holding Pre Issue 2,04,59,200 shares
Share Holding Post Issue 2,72,82,728 shares

MV Electrosystems IPO Promoter Holding

The promoters of the company are Amit Dhawan, Mohit Vohra, Rahul Dhawan, Ramendra Pratap Singh,Sonali Dhawan, Sumit Dhawan.

Share Holding Pre Issue76.92%
Share Holding Post Issue56.78%

SHARIAH SCREENING for - MV Electrosystems Ltd. IPO

BUSINESS SCREEN

FINANCIAL RATIOS

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