Lohia Corp Ltd
We are among the leading global manufacturers of machinery and equipment for technical textiles in terms of revenue in 2024, with a strong focus on solutions for producing polypropylene ("PP") and high-density polyethylene ("HDPE") woven fabric and sacks ("Raffia"). (Source: F&S Report, page 193) In 2024, we ranked among the top global players by revenue, with a 15.4% share of the global woven Raffia machinery market by value. We are a market leader in the domestic woven Raffia machines market, with a dominant market share of 40.7% by value in Fiscal 2025. As of March 31, 2026, our manufacturing facilities had an installed capacity to produce 240 tapelines, 13,800 circular looms and 108,000 tape winders annually. We manufacture a comprehensive and diverse suite of machinery such as tape extrusion lines, circular loom, coating and lamination lines, printing machines, conversion machines, multifilament yarn machines, twister winders, monofilament extrusion lines and recycling machines, amongst others, as well as spare parts. We provide end-to-end solutions for the entire ecosystem of woven fabric, offering services from `concept to commissioning', throughout the complete production lifecycle required for the Raffia industry. We manufacture winders and rewinders for high performance fibres and we have also ventured into extrusion lines to produce technical monofilaments with diversified applications such as textiles, agriculture and sports.
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Managers & Registrar
Ownership & Proceeds
Offer for Sale
Shareholding
Objects of the Issue
- Listing the Equity Shares on the Stock Exchanges
Anchor Book
Financials
Profit & Loss
| Financial Year | FY22 | FY23 | FY25 | FY26 |
|---|---|---|---|---|
| RevenueCr | 2,237 | 1,919 | 1,377 | 1,717 |
| Operating ProfitCr | 236 | 181 | 219 | 319 |
| OPM% | 10.5 | 9.4 | 15.9 | 18.6 |
| PBTCr | 201 | 105 | 162 | 265 |
| PATCr | 160 | 75 | 118 | 193 |
| EPS | 14 | 6 | 14 | 18 |
Balance Sheet
| Financial Year | FY22 | FY23 | FY25 | FY26 |
|---|---|---|---|---|
| Equity CapitalCr | 4 | 11 | 11 | 11 |
| ReservesCr | 487 | 536 | 357 | 511 |
| BorrowingsCr | 317 | 313 | 237 | 175 |
| Total AssetsCr | 1,467 | 1,286 | 968 | 1,305 |
Cash Flow
| Financial Year | FY22 | FY23 | FY25 | FY26 |
|---|---|---|---|---|
| Operating Cash FlowCr | 125 | 18 | 141 | 325 |
| Investing Cash FlowCr | -75 | 26 | -31 | -239 |
| Financing Cash FlowCr | -66 | -23 | -88 | -95 |
| Net Cash FlowCr | -16 | 20 | 22 | -9 |
Strengths & Risks
- Market leader in India and among the leading manufacturers globally of woven raffia machinery in a growing market.
- Diverse product portfolio, offering end-to-end solutions for the woven plastic ecosystem.
- Long-standing relationships with a diverse, global customer base through an extensive global sales and distribution network.
- Advanced manufacturing infrastructure with comprehensive backward integration, supported by an in-house training centre
- Technology-driven operations with a strong focus on innovation-led research and development, leading to products that cater to dynamic market requirements.
- Expand our footprint in international markets through increased exports and strengthen our global market share by leveraging our existing overseas presence.
- Strengthen our capabilities in the conversion and processing machines segment of the Raffia industry.
- Strengthen our position in the high-performance fibres and monofilament segment.
- Focus on recycling machinery and equipment to advance sustainability initiatives.
- Continue to focus on improving operational efficiencies.
- Augment our scale of operations through selective strategic acquisitions and technical alliances.
- The company is heavily dependent on the performance of the woven raffia machines market. Its derived 88.16%, 87.28% (based on the Restated Financial Information) and 85.68% (based on the company's Special Purpose Combined and Carveout Financial Statements) of its revenue from operations in Fiscals 2026, 2025 and 2024, respectively, from woven raffia machines. The woven raffia machines market depends on the growth of end-use industries such as agrotextiles, building-textiles, geo-textiles and packing-textiles. Any slowdown in these end-use industries or any other adverse changes in the conditions affecting the woven raffia machines market can adversely impact its business, results of operations, financial condition and cash flows.
- Significant increases or fluctuations in prices of, or shortages of, or delay or disruption in supply of primary raw materials could affect the company's estimated costs, expenditures and timelines which may have an adverse effect on its business, results of operations, financial condition and cash flows.
- The company sources a significant portion of its raw materials, parts and components, from overseas suppliers. Events such as restrictions on import of raw materials, or changes in tariffs and tax rates, may adversely affect the company's business, results of operations, financial condition and cash flows.
- The company's Special Purpose Combined and Carve-Out Financial Statements and other combined and carve out operational data may not be representative of its results as an independent company.
- The company relies on the continued operations of its manufacturing facilities and any slowdown, shutdown or disruption in the company's manufacturing facilities may be caused by natural and other disasters causing unforeseen damages which may lead to disruptions in the company's business and operations, which in turn could have an adverse effect on its business, results of operations, financial condition and cash flows.
- The Indian and global woven raffia machines market faces challenges such as environmental regulations, high capital costs for advanced machinery and competition. The company cannot assure you that the demand for its products will continue to grow in the faces of these challenges, or that its will be able to successfully navigate such challenges.