IC Electricals Company Ltd
The Company is involved in the business of manufacturing of electronic equipment for Railways Application. The company provide advanced engineering solutions to Indian Railways. It offers a wide range of electronic products such as regulators, battery chargers, emergency lights, inverters, microprocessor-based control systems, and vigilance control devices, compliant with the latest technical standards. The Company also manufactures key railway components including alternators, traction motors, and permanent magnet alternators with controllers. These products are engineered to meet stringent industry standards, and our team works closely with clients to develop tailored solutions that ensure high performance, reliability, and compliance across various rail applications. The Company's revenues are generated exclusively from manufacturing activities, value-added operations, and its Contract Division. The Company procures raw materials and components, undertakes in-house manufacturing and value-addition processes, and supplies finished or value-added products to its customers. Further, the Contract Division undertakes execution of contracts and forms part of the Company's service operations.
Timeline
Subscription
Reports
Offer Details
Terms
Application Sizes
Managers & Registrar
Ownership & Proceeds
Shareholding
Objects of the Issue
- Funding the Working Capital requirement
- General corporate purposes
Anchor Book
Financials
Profit & Loss
| Financial Year | FY24 | FY25 | FY26 |
|---|---|---|---|
| RevenueCr | 99 | 122 | 143 |
| Operating ProfitCr | 13 | 20 | 27 |
| OPM% | 13.1 | 16.1 | 18.9 |
| PBTCr | 6 | 13 | 19 |
| PATCr | 5 | 9 | 14 |
| EPS | 4 | 7 | 10 |
Balance Sheet
| Financial Year | FY24 | FY25 | FY26 |
|---|---|---|---|
| Equity CapitalCr | 4 | 13 | 13 |
| ReservesCr | 27 | 36 | 50 |
| BorrowingsCr | 48 | 56 | 75 |
| Total AssetsCr | 144 | 160 | 193 |
Cash Flow
| Financial Year | FY24 | FY25 | FY26 |
|---|---|---|---|
| Operating Cash FlowCr | -1 | -10 | -11 |
| Investing Cash FlowCr | 0 | 0 | -1 |
| Financing Cash FlowCr | 2 | 10 | 12 |
| Net Cash FlowCr | 0 | 0 | 0 |
Strengths & Risks
- Designing and execution capabilities.
- Experienced management team and a motivated and efficient work force.
- Cordial relations with our consumers.
- Quality assurance and control.
- Focusing on the rail contracts division.
- Focus on strengthening exports and targeting new markets.
- Product Innovation.
- Enhancing Our working capital levels.
- The company business is heavily dependent on contracts awarded by the Ministry of Railways and its affiliated entities, and any reduction in railway sector spending, adverse policy changes or inability to maintain historical business levels with Indian Railways may materially and adversely affect its business, financial condition and results of operations.
- The Company operates in a competitive industry, and increasing competition may exert pressure on its profit margins, potentially leading to a reduction in the company market share and overall profitability.
- Risk of the Company Being Blacklisted by Government Authorities.
- The Company requires significant amount of working capital for a continuing growth. Its inability to meet the company working capital requirements may adversely affect its results of operations.
- As an integral aspect of its business operations, it is necessary for its to provide bank guarantees and additional guarantee. Failing to secure these guarantees or the activation of such guarantees has the potential to negatively impact the company cash flows and financial standing.
- There are outstanding legal proceedings involving the Company as well as its promoter. Any adverse outcome on such proceedings may affect its business, financial condition and reputation.