| Annual Financials | Mar 2024 | Mar 2025 | Mar 2026 |
| Revenue | 137.71 | 161.38 | 189.40 |
| Expenses | 125.37 | 140.51 | 162.87 |
| Other Income | 3.46 | 5.33 | 4.03 |
| Total Revenue | 141.17 | 166.71 | 193.44 |
| Profit Before Tax | 15.80 | 26.19 | 30.56 |
| Net Profit | 11.60 | 19.62 | 22.59 |
Hy-Tech Engineers
Hy-Tech Engineers IPO
₹14,150
4.9 xOver-subscribedBidding Dates 24 Aug, 26 -27 Aug, 26
Min Investment ₹14,150
Lot Size283
Price Range ₹50 – ₹53
Issue Size ₹135.73 Cr.
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IPO Subscription Details
Retail Subscription Details
7.33 x
Non-Institutional Buyers (sHNI)
8.77 x
Non-Institutional Buyers (bHNI)
2.83 x
Qualified Institutional Buyers (QIB)
0.49 x
Total4.9 x
4.9 x IPO Timeline
IPO Offer Start
24 Aug,26
IPO Offer Ends
27 Aug,26
Allotment Finalisation
28 Aug,26
Refund Initiation
31 Aug,26
Listing of Shares
01 Sept,26
IPO Analysis
Strengths
The company offers over 11,000 SKUs comprising standard hydraulic fittings and develops 880-2,206 new SKUs annually. The company operates with backward integration at Nashik Unit with 3,120 MT forging capacity and 483 lakh pieces manufacturing capacity across facilities.
The company served 170 direct customers in Fiscal 2026 with exports contributing 29.37% of revenues across eleven countries. The company maintains dual-channel approach with direct sales (88.42%) and distributor network (11.58%) reducing dependence on single sales channels.
The company benefits from over four decades of experience led by IIT Bombay alumnus promoter. The company achieved 95.10% revenues from repeat customers in Fiscal 2026 and overseas sales grew at 6.08% CAGR from ₹283.77 million to ₹338.71 million.
Risks
The company is dependent on a few customers for a major portion of revenues with top 10 customers contributing 45.32%, 42.02% and 48.72% of revenue from operations in Fiscals 2026, 2025 and 2024, respectively. The company does not enter into long-term arrangements with customers and any failure to continue existing arrangements could adversely affect business, financial condition and cash flows.
The company derives significant revenue from exports (29.37%, 28.30% and 33.14% in Fiscals 2026, 2025 and 2024), with substantial portion from the United States (21.42%, 22.85% and 24.56% respectively). Fluctuations in exchange rates, adverse developments in these markets or strained economic relations could adversely affect business operations.
In Fiscal 2024, the company experienced negative year-on-year growth in profit after tax with a decline of 35.59%. The company may be unable to manage growth and expansion operations or successfully implement business plans within budget estimates, which could materially affect business and financial condition.
Objectives
The company proposes to utilize Net Proceeds for acquiring advanced manufacturing machinery, CNC machines, testing equipment, barrel auto plating plants, and solar power installations to enhance operational efficiency, boost productivity, and strengthen sustainable practices across three manufacturing units.
The company intends to utilize Net Proceeds towards repayment/prepayment of outstanding borrowings to de-leverage its financial position, achieve favorable debt-equity ratio, reduce interest outflow, and enable additional investment in business growth and expansion.
The company proposes to deploy balance Net Proceeds for general corporate purposes including funding growth opportunities, strengthening marketing capabilities, brand building exercises, meeting working capital requirements, business development initiatives, and other expenses as approved by the Board.
Yearly Financial Results
Balance Sheet
| Balance Sheet | Mar 2024 | Mar 2025 | Mar 2026 |
| Total Assets | 146.24 | 170.65 | 175.71 |
| Current Assets | 69.20 | 96.76 | 98.52 |
| Fixed Assets | 77.04 | 73.88 | 77.19 |
| Total Equity & Liabilities | 146.24 | 170.65 | 175.71 |
| Total Liabilities | 64.02 | 69.40 | 53.69 |
| Current Liabilities | 40.95 | 43.84 | 33.67 |
| Non Current Liabilities | 23.07 | 25.55 | 20.02 |
| Total Equity | 82.22 | 101.25 | 122.02 |
Cash Flow
| Cash Flow | Mar 2024 | Mar 2025 | Mar 2026 |
| Net Cash Flow | -0.24 | 0.12 | 1.91 |
| Investing Activities | -35.52 | -13.40 | -7.15 |
| Operating Activities | 18.68 | 17.02 | 30.33 |
| Financing Activities | 16.60 | -3.50 | -21.26 |
About Hy-Tech Engineers
The company is an engineering company engaged in the design, manufacture and supply of hydraulic fittings catering to diverse industrial applications, with over four decades of operational experience in the hydraulics industry. The company's product portfolio comprises standard hydraulic fittings viz. DIN-metric fittings, JIC flared and flareless fittings, O-Ring Face...more
Website
Managing DirectorHemant Tukaram Mondkar
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