IC Electricals SME IPO Review | APPLY or AVOID?
IC Electricals Company Limited started in 2005. It operates in the Railway industry and provides electronic equipment for railway applications to its customers across India. This business is based in New Delhi. This IPO review covers the main facts of the offer. It helps you decide if the issue fits your portfolio. Updated review will be available soon.
✅ Strengths
⚠️ Challenges
Financial Update
The company released its restated financial statements for the year ending March 31, 2026. Total revenue was ₹143.81 crore increased from ₹122.39 in previous year. The net profit for the same period was ₹14.10 crore increased from ₹9.41 in previous year. Assets increased by 20.87% compared to the previous year. Net worth surged ahead to 65.74 crores. Profit margins look steady because of excellent operational efficiency. Investors must analyze these long-term balance sheet updates carefully before making any decisions. Updated review will be available soon.
IPO Valuation
The upper price band is ₹TBA. This price leads to a Price-to-Earnings (P/E) ratio of –. The average P/E for the industry is –. The historical basic EPS stands at 10.49 rupees. Return on net worth shows a strong performance metric at 23.88 percent. A complete price-based valuation analysis will come out once the management announces the specific bands. Updated review will be available soon.
IPO Objective
Company will use Offer proceeds to meet stated objectives:
- Funding the working capital requirements of the Company
Promoters & Lead Manager
- Experienced promoters like Mr. Sunil Kumar Verma guide the engineering projects
- NEXGEN Financial Solutions Private Limited acts as the book running lead manager
Peer Comparison
Below is the comparison of the company with its listed peers using data from March 31, 2026. The company posts a high return on net worth compared to the standard peer group.
| Company Name | EPS (Basic) | EPS (Diluted) | NAV (₹ per share) | P/E (x) | RoNW (%) | P/BV Ratio | Financial statements |
|---|---|---|---|---|---|---|---|
| IC Electricals Co. Ltd. | 10.49 | 10.49 | 47.40 | 24.88 | Consolidated | ||
| Hind Rectifiers Limited | 13.1 | 13.1 | 59.88 | 99.5 | 24.62 | 20.15 | Consolidated |
Financial data sourced from annual reports and stock exchange data, using restated financial statements for 2024-25. NAV per share (closing net worth divided by weighted average number of paid-up equity shares) and RoNW (net profit after tax divided by closing net worth).
IPO Review & Analyst Rating
Updated review will be available soon.
| Analyst Name | Recommendation |
|---|---|
| – | – |
Disclaimer: The information on the site is informational only. The contents of this blog are not financial advice. You should not invest in any stock market instrument without consulting your Financial advisor.
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