BUSINESS BRIEF
A specialised defence manufacturing company with proven design, development and delivery capabilities for critical ground support equipment. It has strong relationships with premier Defence PSUs (HAL, BEL, ECIL), fully owned product patents, and a robust order pipeline. Proven track record with DRDO labs and DPSUs.
Business Divisions
The company to operate as a single unified business unit focused on defence manufacturing.
Products & Services
- Jacks (35% of revenue)
- Heliskid Tug Tow (25% of revenue)
- Electro Mechanical Telescopic Masts (20% of revenue)
- Other defence components (20% of revenue) Top 3 products contribute 80% of total revenue. Specialised in indigenous electro-mechanical and aerospace ground support equipment.
Additional Information
FY26 run-rate revenue projected at ~₹13.5 Cr. Order pipeline of ₹15–20 Cr for FY27.
Proposal
Industry
Aerospace and Defence
Sub Industry
Aerospace Manufacturing and Engineering (Aerospace Components Manufacturing)
Nature of Business
B2B, B2G
Sector
Manufacturing (Contract Manufacturing)
Reason for sell-off
Retirement or Personal Reasons
Location
India
Region
Western
Open For Dilution
76-99 % (Controlling)
Top Customer
Deal Size
INR 22 - 25 Cr
Justification
The valuation of ₹22 Crore is justified on two components: ₹18 Cr – Business Value based on: Normalized EBITDA with industry valuation multiples, order book strength and customer relationships (HAL, BEL, ECIL), technical know-how and indigenous design capabilities, future growth potential via DCF, and strategic value to an acquirer. ₹4 Cr – Net Tangible Assets comprising Plant & Machinery, Moulds/Tools/Production Equipment, Furniture & Fixtures, Electrical Installations, and IT Infrastructure. Additionally, FY26 revenue is already at ₹12 Cr by Feb'26 (on track for ~₹13.5 Cr), and the FY27 pipeline stands at ₹15–20 Cr — further supporting the valuation.
Business Operation Information
Financial Information |
2025 (in INR Cr) | 2024 (in INR Cr) | 2023 (in INR Cr) |
|---|---|---|---|
Sales |
7.90 | 4.98 | 5.94 |
EBITDA |
|||
PAT |
