Adroit Industries (India) IPO

Adroit Industries (India) IPO Profile

Adroit Industries (India) Limited is an India-based manufacturer and supplier of propeller shafts and related torque-transmission components used in automotive and non-automotive applications. The company has vertically integrated manufacturing capabilities covering forging, precision machining, heat treatment, assembly, balancing and testing.

The company offers a broad product portfolio of more than 5,000 SKUs, including propeller shaft assemblies, yokes, shafts, flanges, joints and other driveline components. Its products are supplied to distributors, Tier-1 driveline component suppliers and OEM customers across India and international markets.

Adroit Industries (India) IPO Details

Adroit Industries IPO Timeline

Adroit Industries IPO Lot Size

The above amounts are calculated at the upper price band of ₹134 per share.

Adroit Industries (India) Company Profile

Adroit Industries (India) Limited was established in 1966 and is engaged in the manufacturing and supply of propeller shafts and torque-transmission components. Its products are used in driveline systems for commercial vehicles, selected passenger vehicles, defence and emergency services, heavy equipment, off-highway machinery and industrial equipment.

The company's manufacturing capabilities include forging, precision machining, heat treatment, assembly, balancing and testing. Its manufacturing facilities are located in Madhya Pradesh, including facilities at Dewas, Pithampur and Sanwer.

As of July 31, 2026, the company offered approximately 5,250 SKUs across different torque-transmission components. During FY2026, the company served 185 customers and supplied products to customers in more than 32 countries.

The company serves customers through distributors, Tier-1 driveline component suppliers and original equipment manufacturers (OEMs).

Adroit Industries Product Portfolio

• Propeller shaft assemblies
• Yoke components
• Shaft components
• Flange components
• Joint components
• Other driveline and torque-transmission components
• Forged components
• Precision-machined components

The company had approximately 5,250 SKUs as of July 31, 2026, covering different driveline and torque-transmission applications.

Adroit Industries Financials

The financial figures are based on reported/prospectus-based data and should be read along with the company's RHP and financial statements.

Adroit Industries Key Financial Ratios

Adroit Industries IPO – Objects of the Issue

The company proposes to utilise the net proceeds of the Fresh Issue for the following purposes:

• Capital expenditure towards procurement of machinery and equipment for enhancement of operations at the Dewas facility.
• Procurement of transportation vehicles for local transportation of goods between manufacturing facilities.
• Investment in subsidiary Adroit Driveshafts Private Limited for machinery, equipment and transportation vehicles.
• Investment in the subsidiary for repayment or prepayment of certain borrowings.
• General corporate purposes and issue-related expenses.

Adroit Industries IPO – Strengths

• Wide Product Portfolio: The company offers more than 5,000 SKUs across propeller shafts and other torque-transmission components.
• Vertically Integrated Manufacturing: The company has in-house capabilities across forging, machining, heat treatment, assembly, balancing and testing.
• Established Customer Relationships: The company has a diversified customer base comprising distributors, Tier-1 suppliers and OEMs, with a significant proportion of repeat business.
• Strong Export Presence: Products were supplied to customers in more than 32 countries during FY2026.
• Engineering and Validation Capabilities: The company's manufacturing and product-development capabilities support a broad range of driveline applications.
• Improving Financial Performance: Revenue and profit increased between FY2024 and FY2026, while reported debt-to-equity declined over the same period.

Adroit Industries IPO – Risk Factors

• High Export Dependence: A substantial portion of revenue from sale of products is generated from export markets.
• US Market Concentration: A significant portion of the company's export revenue is derived from the United States, exposing the company to changes in demand, regulations and economic conditions in that market.
• Customer Concentration: A meaningful share of revenue is generated from a limited number of customers, and loss of major customers could affect business.
• Raw Material Price Risk: Fluctuations in the prices and availability of steel and other raw materials may affect operating margins.
• Manufacturing Concentration: Manufacturing operations are concentrated in Madhya Pradesh, which creates operational risks in case of disruptions.
• Foreign Exchange Risk: A high proportion of export revenue exposes the company to fluctuations in foreign currency exchange rates.
• Competition: The company operates in a competitive automotive component and industrial component market.
• Execution Risk: Expansion plans and investments in manufacturing capacity require effective execution and timely utilisation of the additional capacity.

Adroit Industries IPO Allotment Status

Adroit Industries IPO allotment is expected to be finalised on 28 September 2026. Investors can check their allotment status through the registrar or relevant exchange platforms after the allotment is finalised.

Adroit Industries IPO FAQs