Paluck TechnologiesIPO Review — Financials, Valuation & Peers
A data-only look at the Paluck Technologies 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 | 101.74 | 3.43 | 13.27 | 18.48 | 53.53 | 30.05 | — |
| FY 2025 | 102.9 | 9.63 | 18.99 | 31.82 | 66.98 | 17.49 | — |
| Feb 2026 (interim) | 105.09 | 13.84 | 23.93 | 45.66 | 105.09 | 13.17 | 6.91 |
Restated figures from the offer document. Amounts in ₹ crore; EPS in ₹ per share. FY = the 12 months ended 31 March. Interim periods cover part of a year and are not comparable to the full-year rows.
KPIs & Valuation
- P/E (pre-issue)
- 6.95x
- P/E (post-issue)
- 6.62x
- RoNW
- 30.31%
- RoE
- 30.31%
- RoCE
- 27.43%
- Debt / Equity
- 0.29
- EPS (pre-issue)
- ₹6.91
- EPS (post-issue)
- ₹7.25
- EBITDA Margin
- 22.79%
- PAT Margin
- 13.18%
- P/BV
- 1.47x
- NAV / share
- ₹32.74
- Market Cap
- ₹99.95 Cr
As of 28 Feb 2026 (latest reported period in the offer document). Market cap is computed on a post-issue basis at the upper price band.
Promoters & Shareholding
Promoters: <p>Navin Katiyar, Praveen Kumar, Sarika Katiyar, Sumit Kumar Bajaj</p>
- Holding (pre-issue)
- 86.55%
- Holding (post-issue)
- 57.97%
- Dilution
- 28.58%
Analysis in brief
Margin and return profile
Away from the price multiples, the offer document also discloses the shape of the underlying business. Paluck Technologies operates at an EBITDA margin of 22.79% and a net (PAT) margin of 13.18% — the share of revenue retained at the operating and the net level respectively. Capital efficiency reads at a return on capital employed (RoCE) of 27.43% and a return on equity (RoE) of 30.31%. At the upper band, the post-issue market capitalisation works out to about ₹99.95 crore. These are offer-document figures for the latest reported period (as of 28 Feb 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 funding capital expenditure towards the purchase of new ready-mix concrete (rmc) machinery and dg sets (₹10 crore), alongside funding the working capital requirements of the company (₹10 crore). In all, 4 objects are disclosed.
Financials
In FY2026, Paluck Technologies reported revenue of ₹105.09 crore and a net profit of ₹13.84 crore. Revenue grew from ₹101.74 crore in FY2024 to ₹105.09 crore in FY2026 (+3.0%). Net worth stood at ₹45.66 crore at the end of FY2026. At the upper band, that puts the issue at roughly 6.9× FY2026 earnings (P/E), a figure worth comparing against listed peers in the sector.
Valuation
At the upper band, the issue is priced at 6.62× post-issue earnings and 1.47× book value, against a return on net worth of 30.31% and a debt-to-equity ratio of 0.29. These ratios come from the offer document and are for comparison, not a recommendation.
Promoters
The promoters of the company are <p>Navin Katiyar, Praveen Kumar, Sarika Katiyar, Sumit Kumar Bajaj</p>. Promoter holding stands at 86.55% before the issue and comes down to 57.97% after listing.
Frequently asked questions
- What is the reservation split in the Paluck Technologies IPO?
- Of the total shares offered, retail investors get 35%, QIBs 20.03% (plus 29.95% anchor), non-institutional investors 15.02%.
- Who are the promoters of Paluck Technologies and what is their holding?
- The promoters are <p>Navin Katiyar, Praveen Kumar, Sarika Katiyar, Sumit Kumar Bajaj</p>. Promoter holding is 86.55% before the issue and 57.97% after listing.
- What is the P/E ratio of the Paluck Technologies IPO?
- At the upper price band, the Paluck Technologies IPO is valued at 6.95× pre-issue earnings and 6.62× post-issue earnings, based on the financials disclosed in the offer document.
- What are the objects of the Paluck Technologies IPO?
- The net proceeds go primarily toward funding capital expenditure towards the purchase of new ready-mix concrete (rmc) machinery and dg sets, among 4 disclosed objects.