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PARTH IPO

Parth Electricals & Engineering Limited

IPO Doc

Start Date04-08-2025

Application Timing10am-5pm

Price Range₹160 - ₹170

Min Qty800

Min. Investment₹128000

Listing Date11-08-2025

Close Date06-08-2025

About Parth Electricals & Engineering Limited

Established in 2007, Parth Electricals & Engineering Ltd. is a Vadodara-based company engaged in manufacturing and servicing high-end electrical infrastructure components. Over time, it has evolved from a service-oriented firm into a robust manufacturing entity that delivers solutions for power distribution systems.

Its product portfolio includes MV switchgear panels, VCB panels, CRPs, Earth Link Boxes, and Compact Substations (CSS). The company also executes AIS and GIS turnkey projects up to 220kV along with HV and EHV cable laying services.

Parth Electricals serves top-tier clients like Adani, Tata Power, Siemens, ABB, Reliance, Ultratech Cement, L&T, Tata Steel, BHEL, Schneider Electric, among others, and has begun global exports.

With its ISO 9001:2015, ISO 14001, and ISO 45001 certifications, the company ensures strict compliance with quality, environment, and occupational safety standards.

Why To Invest in Parth Electricals & Engineering Limited

Strong Financial Growth: The company’s revenue grew 102% YoY (FY25 vs FY24), and PAT increased by 119%, showcasing robust business expansion.

Blue-chip Clientele: Working with large conglomerates like Adani, Tata, Reliance, and ABB indicates strong trust in Parth's capabilities and quality.

Strategic Expansion: The IPO proceeds will fund new manufacturing units in Gujarat and Odisha, boosting future capacity and market reach.

Solid Margins & Returns: Healthy ROE (24.92%), ROCE (23.38%), and EBITDA margin (10.04%) reflect strong operational efficiency.

IPO Valuation: At a market cap of Rs 232.36 Cr and P/E of 22.97x (post-issue), the valuation appears competitive within the electrical infra segment.

Growing Sector Demand: The increasing investments in infrastructure, smart grids, and electrification of India support long-term growth prospects for companies like Parth.

Financial Table

Period Ended	31 Mar 2025	31 Mar 2024	31 Mar 2023
Assets	106.76	66.53	50.70
Revenue	176.20	87.17	65.70
Profit After Tax	10.12	4.61	2.45
EBITDA	17.53	9.05	4.31
Net Worth	40.59	14.50	9.58
Reserves and Surplus	30.57	13.25	8.64
Total Borrowing	33.33	15.84	8.43

Strengths And Risks

Robust Financial Growth: The company has shown strong financial performance with a 102% jump in revenue and a 119% increase in PAT in FY25 compared to FY24, reflecting healthy business expansion.

Prestigious Client Base: Parth Electricals serves reputed names such as Adani, Tata Power, Siemens, Reliance, ABB, and L&T showcasing strong market credibility and long-standing corporate relationships.

Wide Range of Products & Services: The company manufactures and delivers a diverse set of products including MV panels, VCB panels, CSS, and also executes AIS & GIS turnkey projects up to 220kV, making it a one-stop electrical solution provider.

Quality Certifications: Parth Electricals is certified with ISO 9001:2015, ISO 14001, and ISO 45001, indicating adherence to global standards in quality, environmental, and occupational safety management.

Strategic Expansion Plans: The IPO proceeds will be used to set up manufacturing facilities in Gujarat and Odisha, which will boost production capabilities and widen operational footprint.

Emerging Global Presence: The company has started exporting its products and services to international markets, tapping into global demand and opening new revenue channels.

High Minimum Investment Requirement: With a minimum retail application amount of Rs. 2.56 lakh, small retail investors might find it difficult to participate in this IPO due to high capital requirement.

Sector Dependency Risk: The company's performance is closely tied to infrastructure and power sector capex cycles. Any slowdown in industrial investment may directly impact its business.

Equity Dilution Post IPO: Post-issue, promoter holding drops from 79.60% to 62.57%, resulting in equity dilution and a potential change in control dynamics over time.

Rising Debt Levels: Total borrowings have jumped from Rs 8.43 Cr in FY23 to Rs 33.33 Cr in FY25, which could put pressure on cash flows and profitability if not managed efficiently.

FAQs

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Company

Astha Credit & Securities Pvt Ltd NSE, BSE & MCX SEBI Reg No:

INZ000187932

Membership ID:

NSE - 12227 BSE-6844 MCX - 40000 NSDL-IN303420 CDSL-94500

CIN:

U65929MP2003PTC016241

SEBI Depository Participant Reg No:

IN-DP-611-2021

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ARN-35911

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We do proprietary trading

Client Bank Account Details:

Sr. No	Name of Bank Account	Bank Account Number	IFSC Code
1	ASTHA CREDIT AND SECURITIES P LTD - USCNBA A/c	00620340000150	HDFC0000062

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PARTH IPO

About Parth Electricals & Engineering Limited

Why To Invest in Parth Electricals & Engineering Limited