Poojaa Precision Engg.IPO Review — Financials, Valuation & Peers
A data-only look at the Poojaa Precision Engg. 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 | 174.59 | 16.1 | 27.45 | 64.83 | 96.75 | 14.28 | — |
| FY 2025 | 222.8 | 23.93 | 39.89 | 86.2 | 135.92 | 19.54 | — |
| FY 2026 | 295.2 | 30.9 | 51.78 | 133.16 | 231.38 | 41.16 | 21.12 |
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)
- 14.25x
- P/E (post-issue)
- 19.43x
- RoNW
- 23.21%
- RoE
- 28.18%
- RoCE
- 26.38%
- Debt / Equity
- 0.31
- EPS (pre-issue)
- ₹21.12
- EPS (post-issue)
- ₹15.49
- EBITDA Margin
- 17.62%
- PAT Margin
- 10.52%
- P/BV
- 3.19x
- NAV / share
- ₹94.36
- Market Cap
- ₹600.34 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 |
|---|---|---|---|---|---|
| Poojaa Precision Engg. | 21.9 | 94.36 | — | 23.21% | — |
| Alicon Castalloy Limited | 21.09 | 386.36 | 31.49x | 5.48% | 1.71x |
| Endurance Technologies Ltd | 67.66 | 486.33 | 39.52x | 13.91% | 5.5x |
| Rico Auto Industries Limited | 3.73 | 57.97 | 36.29x | 6.68% | 2.37x |
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>Anil Shivajirao Kulkarni, Jayshree Anil Kulkarni, Sanket Anil Kulkarni, Rahul Sohanlal Ranka, Vaishali Dakshendra Agrawal, Dakshendra Brijballabh Agrawal, Bhavya Dakshendra Agrawal, Bhavya Financial Services Pvt.Ltd.</p>
- Holding (pre-issue)
- 82.63%
- Holding (post-issue)
- 60.63%
- Dilution
- 22%
Analysis in brief
Margin and return profile
Away from the price multiples, the offer document also discloses the shape of the underlying business. Poojaa Precision Engg. operates at an EBITDA margin of 17.62% and a net (PAT) margin of 10.52% — the share of revenue retained at the operating and the net level respectively. Capital efficiency reads at a return on capital employed (RoCE) of 26.38% and a return on equity (RoE) of 28.18%. At the upper band, the post-issue market capitalisation works out to about ₹600.34 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 funding capital expenditure towards setting up of manufacturing facility (₹106.34 crore), alongside to meet working capital requirements (₹30 crore). In all, 3 objects are disclosed.
Financials
In FY2026, Poojaa Precision Engg. reported revenue of ₹295.2 crore and a net profit of ₹30.9 crore. Revenue grew from ₹174.59 crore in FY2024 to ₹295.2 crore in FY2026 (+69.0%). Net worth stood at ₹133.16 crore at the end of FY2026. At the upper band, that puts the issue at roughly 14.3× FY2026 earnings (P/E), a figure worth comparing against listed peers in the sector.
Valuation
At the upper band, the issue is priced at 19.43× post-issue earnings and 3.19× book value, against a return on net worth of 23.21% and a debt-to-equity ratio of 0.31. These ratios come from the offer document and are for comparison, not a recommendation.
Peer comparison
The offer document names listed peers including Alicon Castalloy Limited and Endurance Technologies Ltd, with a median peer P/E of about 36.3×. The issue's own post-issue P/E works out to 19.43×.
Promoters
The promoters of the company are <p>Anil Shivajirao Kulkarni, Jayshree Anil Kulkarni, Sanket Anil Kulkarni, Rahul Sohanlal Ranka, Vaishali Dakshendra Agrawal, Dakshendra Brijballabh Agrawal, Bhavya Dakshendra Agrawal, Bhavya Financial Services Pvt.Ltd.</p>. Promoter holding stands at 82.63% before the issue and comes down to 60.63% after listing.
Frequently asked questions
- What is the reservation split in the Poojaa Precision Engg. IPO?
- Of the total shares offered, retail investors get 34.72%, QIBs 19.83% (plus 29.73% anchor), non-institutional investors 14.89%.
- Who are the promoters of Poojaa Precision Engg. and what is their holding?
- The promoters are <p>Anil Shivajirao Kulkarni, Jayshree Anil Kulkarni, Sanket Anil Kulkarni, Rahul Sohanlal Ranka, Vaishali Dakshendra Agrawal, Dakshendra Brijballabh Agrawal, Bhavya Dakshendra Agrawal, Bhavya Financial Services Pvt.Ltd.</p>. Promoter holding is 82.63% before the issue and 60.63% after listing.
- What is the P/E ratio of the Poojaa Precision Engg. IPO?
- At the upper price band, the Poojaa Precision Engg. IPO is valued at 14.25× pre-issue earnings and 19.43× post-issue earnings, based on the financials disclosed in the offer document.
- What are the objects of the Poojaa Precision Engg. IPO?
- The net proceeds go primarily toward funding capital expenditure towards setting up of manufacturing facility, among 3 disclosed objects.