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Susan Electricals India Limited (SME)

Minimum Investments
₹2,40,000
Price Range
₹120 - ₹127
Issue Size
₹70.38 Cr
Lot Size
1000shares
This stock belongs to the SME (Small & Medium Enterprises) segment which usually has low liquidity and hence, is also riskier. It will be traded in a lot size of 1000 shares after listing.
Proceeds of this IPO to be used for
Funding of capital expenditure towards expansion of existing manufacturing facility situated in Ghaziabad, Uttar Pradesh
Funding of working capital requirements
General corporate purposes
Strengths & Weaknesses
Vendor registrations & approvals

The company has obtained vendor registrations with multiple state-owned power distribution utilities (DISCOMs) under various central and state government electrification schemes, enabling participation in cable and wire supply tenders directly or through EPC contractors. Ongoing electrification initiatives such as RDSS and Saubhagya 2.0 continue to drive demand for its products, providing strong medium- to long-term growth opportunities for organized manufacturers

In-house manufacturing facilities

The company operates three in-house manufacturing facilities in Ghaziabad, Uttar Pradesh, equipped with the machinery and infrastructure required to produce winding wires, cables, and conductors. Two facilities are located in the Sahibabad Industrial Area, while the third is situated on SSGT Road, supporting its integrated manufacturing operations

Quality & safety standards

The company’s winding wires, conductors, and cables must comply with stringent BIS standards, customer-specific specifications, and inspection requirements, particularly for supplies to DISCOMs. Any failure to meet quality, testing, or certification standards could result in product rejections, penalties, order cancellations, payment delays, or restrictions on manufacturing and supply operations

Operational risks

The company’s operations and workforce are exposed to occupational and operational hazards, including adverse weather events, equipment failures, workplace accidents, fires, and explosions, which may result in injuries, fatalities, property damage, or environmental harm. Such incidents could lead to regulatory actions, litigation, reputational damage, and adverse effects on its financial condition and operating performance

Labour intensive

The company operates in a labour-intensive industry and depends on the availability of skilled and unskilled workers for its manufacturing activities. Any labour shortages, strikes, work stoppages, or increased wage demands by its workforce or suppliers’ employees could disrupt operations, increase costs, and adversely affect its business and financial performance

Financials

Income Statement

Also called a profit and loss statement, an income statement shows a company’s income, expenses, and how much profit or loss it has made over a specific accounting period. It provides a clear view of how well the business is running.

Particulars (in Cr)Mar 2026Y/Y Change
Operating Revenue269.36+98.44%
Other Income0.61+96.77%
Total Income269.96+98.43%
Total Expenditure245.34+91.36%
EBIDT32.69+165.56%
Depreciation1.52+58.33%
Interest6.55+86.61%
Tax6.38+191.32%
Net Profit18.25+223.01%

Balance Sheet

A balance sheet is a financial statement that details a company’s assets, liabilities, and shareholders’ equity at a given time. It helps assess how financially strong and stable the company is.

Particulars (in Cr)Mar 2026
Total Current Assets109.25
Total Non-Current Assets20.80
Fixed assets12.83
Total Assets130.05
Total Current liabilities89.91
Total Non Current Liabilities1.66
Total Equity Plus Liabilities130.05
Total Shareholder Funds38.48
Total Debt to Equity173.00%

Cash Flow

Cash flow highlights the cash or cash equivalents moving in and out of a company during a particular period. It provides a clear picture of how well a company manages its cash by tracking its operating, investing and financing activities.

Particulars (in Cr)Mar 2026
Cash from Operating Activity-9.71
Cash from Financing Activities17.15
Cash from Investing Activities-7.56
Net Cash Flow-0.12

About the Company

Susan Electricals India was incorporated on December 10, 2007. The company manufactures aluminium and copper-based electrical winding wires, conductors, and cables in various specifications, sizes, and configurations. Its product portfolio includes LT and HT cables, aluminium and copper winding wires and strips, and aluminium conductors designed to meet prescribed industry standards

Promoter
Vishal Jain
Promoter
Mahak Jain

FAQs for Susan Electricals India Limited IPO

Blockbuster Bidding Ongoing
11 Jun 26 - 15 Jun 26