Sumax Engineering Ltd
We are engaged in both the manufacturing and trading of a diverse range of products tailored for the Automotive OEM (Original Equipment Manufacturer) Market and Auto Refinish Market. Our manufacturing division specializes in producing high-quality adhesive tapes and die-cuts, rubbing and polishing compounds, buffing pads, reflective tapes and printing solutions, domes and graphics, as well as an extensive range of car care products. These offerings are designed to meet industry standards and provide reliable solutions for automotive applications. In addition to manufacturing, our trading segment supplies a variety of essential products, including electrical and pneumatic tools, abrasive sheets, discs, and rolls, body shop consumables, retail products and accessories, and aerosol products. Through our all-inclusive portfolio, we aim to deliver innovative and high-performance solutions that cater to the evolving demands of both automotive manufacturers and the aftermarket industry. Further, we have ventured into a new product, namely Paint Protection Film (PPF), a transparent thermoplastic polyurethane film applied to the painted surfaces of vehicles. PPF is designed to protect the vehicle's paint from stone chips, scratches, stains, minor abrasions and exposure to environmental elements, thereby helping maintain the vehicle's exterior paint protection and surface finish.
Timeline
Subscription
Reports
Offer Details
Terms
Application Sizes
Managers & Registrar
Ownership & Proceeds
Offer for Sale
Shareholding
Objects of the Issue
- Funding of Capital Expenditure towards Construction of proposed manufacturing Unit I at Plot No-E-185, RIICO IND Area Karoli Teh
- Funding of Capital Expenditure towards Construction of proposed manufacturing Unit II at Plot No. P 32 Street No. B, Sector 11, Model Economic Township, Village - Nimana, Tehsil Badli, District
- Funding working capital requirements of the company
- General corporate purposes
Anchor Book
Financials
Profit & Loss
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| RevenueCr | 127 | 131 | 146 | 148 |
| Operating ProfitCr | 8 | 11 | 14 | 17 |
| OPM% | 6.0 | 8.4 | 9.6 | 11.8 |
| PBTCr | 7 | 10 | 13 | 17 |
| PATCr | 5 | 7 | 10 | 13 |
| EPS | 3 | 5 | 7 | 9 |
Balance Sheet
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Equity CapitalCr | 2 | 2 | 2 | 15 |
| ReservesCr | 29 | 37 | 47 | 47 |
| BorrowingsCr | 5 | 6 | 8 | 13 |
| Total AssetsCr | 46 | 54 | 66 | 85 |
Cash Flow
| Financial Year | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Operating Cash FlowCr | 3 | 4 | 1 | 19 |
| Investing Cash FlowCr | -2 | -2 | 0 | -27 |
| Financing Cash FlowCr | -1 | 1 | 1 | 5 |
| Net Cash FlowCr | 1 | 3 | 2 | -4 |
Strengths & Risks
- Experienced Management Team.
- Long standing relationships with customers.
- Consistent financial performance.
- Setting up new Manufacturing Units for enhanced production capabilities.
- Optimal Utilization of Resources and Customer Satisfaction.
- Dual-Segment Marketing Approach.
- Efficient Sales and Marketing: Global Marketing Insight.
- Sustainability and Compliance.
- Rising costs, supply disruptions, and import restrictions on essential raw materials may impact the company's expenses, timelines, and overall financial performance.
- The company's Registered Office and Manufacturing unit from where its operates is not owned by it.
- Shifting of leased manufacturing facility and integration with proposed Manufacturing Unit II.
- The company is significantly dependent on imports for its raw material procurement, which exposes it to risks arising from geopolitical developments, trade sanctions, international trade tensions, and foreign exchange fluctuations.
- The company is subject to strict quality requirements and any failures by it or its suppliers to comply with quality standards may lead to cancellation of existing and future orders, product recalls, product liability, warranty claims and other disputes and claims.
- The company's individual Promoters plays key role in its functioning and the company heavily relies on their knowledge and experience in operating the company's business and therefore, it is critical for its business that the company's Promoters and Executive Directors remain associated with it. The company's success also depends upon the services of its key managerial personnel and the company's ability to attract and retain key managerial personnel and its inability to attract them may affect the company's operations.