Wiscon IndustriesIPO Review — Financials, Valuation & Peers
A data-only look at the Wiscon Industries 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 2026 | 197.13 | 20.41 | 28.09 | 30.61 | 90.75 | 25.26 | — |
| Jun 2026 (interim) | 69.85 | 7.89 | 11 | 38.49 | 144.79 | 36.97 | 13.02 |
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)
- 15.67x
- P/E (post-issue)
- 12.93x
- RoNW
- 20.49%
- RoE
- 22.83%
- RoCE
- 14.72%
- Debt / Equity
- 0.96
- EPS (pre-issue)
- ₹13.02
- EPS (post-issue)
- ₹15.78
- EBITDA Margin
- 15.74%
- PAT Margin
- 11.29%
- P/BV
- 10.45x
- NAV / share
- ₹24.56
- Market Cap
- ₹407.75 Cr
As of 30 Jun 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 |
|---|---|---|---|---|---|
| Wiscon Industries | 13.56 | 19.53 | — | 66.67% | — |
| Cellecor Gadgets Limited | 1.8 | 9.27 | 15.89x | 19.35% | 3.89x |
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>Sidhant Dalmia</p>
- Holding (pre-issue)
- 94.18%
- Holding (post-issue)
- 68.46%
- Dilution
- 25.72%
Analysis in brief
Margin and return profile
Away from the price multiples, the offer document also discloses the shape of the underlying business. Wiscon Industries operates at an EBITDA margin of 15.74% and a net (PAT) margin of 11.29% — the share of revenue retained at the operating and the net level respectively. Capital efficiency reads at a return on capital employed (RoCE) of 14.72% and a return on equity (RoE) of 22.83%. At the upper band, the post-issue market capitalisation works out to about ₹407.75 crore. These are offer-document figures for the latest reported period (as of 30 Jun 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 in the wos, dalmia technologies limited for funding its incremental working capital requirements (₹35 crore), alongside to meet working capital requirements of the company (₹17 crore). In all, 6 objects are disclosed.
Financials
In FY2026, Wiscon Industries reported revenue of ₹69.85 crore and a net profit of ₹7.89 crore. Revenue declined from ₹197.13 crore in FY2026 to ₹69.85 crore in FY2026 (-65.0%). Net worth stood at ₹38.49 crore at the end of FY2026. At the upper band, that puts the issue at roughly 15.7× FY2026 earnings (P/E), a figure worth comparing against listed peers in the sector.
Valuation
At the upper band, the issue is priced at 12.93× post-issue earnings and 10.45× book value, against a return on net worth of 20.49% and a debt-to-equity ratio of 0.96. These ratios come from the offer document and are for comparison, not a recommendation.
Promoters
The promoters of the company are <p>Sidhant Dalmia</p>. Promoter holding stands at 94.18% before the issue and comes down to 68.46% after listing.
Frequently asked questions
- What is the reservation split in the Wiscon Industries IPO?
- Of the total shares offered, retail investors get 35.55%, QIBs 24.51% (plus 24.51% anchor), non-institutional investors 15.44%.
- Who are the promoters of Wiscon Industries and what is their holding?
- The promoters are <p>Sidhant Dalmia</p>. Promoter holding is 94.18% before the issue and 68.46% after listing.
- What is the P/E ratio of the Wiscon Industries IPO?
- At the upper price band, the Wiscon Industries IPO is valued at 15.67× pre-issue earnings and 12.93× post-issue earnings, based on the financials disclosed in the offer document.
- What are the objects of the Wiscon Industries IPO?
- The net proceeds go primarily toward investment in the wos, dalmia technologies limited for funding its incremental working capital requirements, among 6 disclosed objects.