ENS EnterprisesIPO Review — Financials, Valuation & Peers
A data-only look at the ENS Enterprises IPO: restated financials, valuation ratios, the RHP peer group and third-party analyst views. ipostation does not rate IPOs — nothing here is a recommendation.
Financials (₹ Cr)
| Period Ended | Revenue | PAT | EBITDA | Net Worth | Total Assets | Borrowings | EPS (₹) |
|---|---|---|---|---|---|---|---|
| FY 2024 | 10.12 | 0.9 | 1.38 | 1.9 | 3.35 | — | — |
| FY 2025 | 28.62 | 3.7 | 5.48 | 10.04 | 20.24 | — | — |
| FY 2026 | 51.77 | 8.4 | 11.71 | 18.44 | 32.46 | 3.97 | 8.4 |
Restated figures from the offer document. Amounts in ₹ crore; EPS in ₹ per share. FY = the 12 months ended 31 March.
KPIs & Valuation
- P/E (pre-issue)
- 10.95x
- P/E (post-issue)
- 14.89x
- RoNW
- 58.97%
- RoE
- 98.97%
- RoCE
- 78.41%
- EPS (pre-issue)
- ₹8.4
- EPS (post-issue)
- ₹6.18
- EBITDA Margin
- 22.78%
- PAT Margin
- 16.35%
- P/BV
- 4.99x
- NAV / share
- ₹18.45
- Market Cap
- ₹125.07 Cr
As of 31 Mar 2026 (latest reported period in the offer document). Market cap is computed on a post-issue basis at the upper price band.
Peer Comparison
| Company | EPS (₹) | NAV (₹) | P/E | RoNW | P/BV | Statements |
|---|---|---|---|---|---|---|
| ENS Enterprises | 4.5 | 14.55 | — | 36.61% | — | Restated |
| Asm Technologies Ltd | 53.77 | 230.85 | 92.27x | 24.49% | 21.57x | Standalone |
| Infobeans Technologies Limited | 6.9 | 37.97 | 24.31x | 19.66% | 4.51x | Standalone |
| Silver Touch Technologies Limited | 14.89 | 66.28 | 12.99x | 22.47% | 2.92x | Standalone |
Peer group as disclosed in the offer document, figures as of 31 Mar 2026. The issuer’s P/E is computed at the upper price band.
Promoters & Shareholding
Promoters: <p>Manish Kumar Srivastava, Avinash Kumar Singh, Anupam Kumar Srivastava</p>
- Holding (pre-issue)
- 75%
- Holding (post-issue)
- 55.13%
- Dilution
- 19.87%
Analysis in brief
Anchor book
Before the issue opened to the public, ENS Enterprises placed shares with 2 anchor investors, who together put in ₹9.44 crore. Anchor investors are institutions allotted shares at the issue price a day before bidding opens, in exchange for a mandatory post-listing lock-in — their names and cheque sizes are disclosed, which is why the anchor book is read as an institutional signal. The largest allocations went to PURAN ASSOCIATES PVT.LTD. (₹4.73 crore) and NEXUS GLOBAL OPPORTUNITIES FUND (₹4.71 crore). Investor categories represented include Other and FII/FPI. The lock-in on half the anchor shares ends on 18 Sept 2026, with the remainder locked until 18 Nov 2026.
Margin and return profile
Beyond the headline pricing, the disclosed operating profile stands on its own numbers. ENS Enterprises operates at an EBITDA margin of 22.78% and a net (PAT) margin of 16.35% — the share of revenue retained at the operating and the net level respectively. Capital efficiency reads at a return on capital employed (RoCE) of 78.41% and a return on equity (RoE) of 98.97%. At the upper band, the post-issue market capitalisation works out to about ₹125.07 crore. These are offer-document figures for the latest reported period (as of 31 Mar 2026); they describe the business as disclosed, not how the stock will trade.
Objects of the issue
Per the offer document, the company intends to deploy the net proceeds primarily toward investment related to enhancement, maintenance and upgrading of existing products through manpower hiring (₹17.02 crore), alongside investment in upgradation of it infrastructure (₹6.75 crore). In all, 5 objects are disclosed.
Financials
In FY2026, ENS Enterprises reported revenue of ₹51.77 crore and a net profit of ₹8.4 crore. Revenue grew from ₹10.12 crore in FY2024 to ₹51.77 crore in FY2026 (+412.0%). Net worth stood at ₹18.44 crore at the end of FY2026. At the upper band, that puts the issue at roughly 11.0× FY2026 earnings (P/E), a figure worth comparing against listed peers in the sector.
Valuation
At the upper band, the issue is priced at 14.89× post-issue earnings and 4.99× book value, against a return on net worth of 58.97%. These ratios come from the offer document and are for comparison, not a recommendation.
Peer comparison
The offer document names listed peers including Asm Technologies Ltd and Infobeans Technologies Limited, with a median peer P/E of about 24.3×. The issue's own post-issue P/E works out to 14.89×.
Promoters
The promoters of the company are <p>Manish Kumar Srivastava, Avinash Kumar Singh, Anupam Kumar Srivastava</p>. Promoter holding stands at 75% before the issue and comes down to 55.13% after listing.
Frequently asked questions
- What is the reservation split in the ENS Enterprises IPO?
- Of the total shares offered, retail investors get 35.01%, QIBs 19.99% (plus 29.99% anchor), non-institutional investors 15.01%.
- Who are the promoters of ENS Enterprises and what is their holding?
- The promoters are <p>Manish Kumar Srivastava, Avinash Kumar Singh, Anupam Kumar Srivastava</p>. Promoter holding is 75% before the issue and 55.13% after listing.
- What is the P/E ratio of the ENS Enterprises IPO?
- At the upper price band, the ENS Enterprises IPO is valued at 10.95× pre-issue earnings and 14.89× post-issue earnings, based on the financials disclosed in the offer document.
- What are the objects of the ENS Enterprises IPO?
- The net proceeds go primarily toward investment related to enhancement, maintenance and upgrading of existing products through manpower hiring, among 5 disclosed objects.