Incorporated in December 1978, Hy-Tech Engineers Limited is an engineering company engaged in the design, manufacture and supply of hydraulic fittings for diverse industrial applications. With over four decades of experience in the hydraulics industry, the Company offers a portfolio of more than 11,000 SKUs, including DIN-metric fittings, JIC flared and flareless fittings, O-Ring Face Seal (ORFS) fittings, conversion fittings and customized hydraulic fittings.
The Company operates on a B2B model across domestic and international markets, serving OEMs and industrial customers through direct sales as well as authorized distributors and distribution partners. Its products cater to industries including construction machinery, automotive, farming machinery, injection moulding machines and hydraulic systems, while certifications for railway and defence applications further expand its market reach. As of March 31, 2026, the Company had an international presence across markets including the USA, Belgium, Poland, Russia, Brazil, Italy, Saudi Arabia, Hungary, UAE, Thailand and Germany.
Hy-Tech Engineers operates manufacturing facilities at Thane, Shirwal, Kavathe and Pithampur, supported by its Nashik unit, which supplies forged components to these facilities as part of its backward integration strategy.
As of March 31, 2026, the Company had 468 permanent employees and a contractual workforce of 253 personnel across various functions, including production, finance, sales and marketing, quality control, supply chain, design and human resources.
Strengths
- Integrated operations and product development capabilities.
- Diversified customer base with wide market reach.
- Experienced leadership, deep market understanding and industry credibility.
- Established global presence with access to growing international markets.
- Decentralized cell-based manufacturing model.
| Purpose | Amount (₹ Cr) |
|---|---|
| Funding capital expenditure requirement of the Company towards procurement of machinery and equipment for expansion at Kavathe Unit, Shirwal Unit and procurement Pithampur Unit-I | ₹30 |
| Prepayment or repayment, in full or in part, of certain outstanding borrowings availed by the Company | ₹16 |
| General Corporate Purposes | — |
| Metric | 31 Mar 2026 | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|---|
| Total Assets | 176 | 171 | 146 |
| Revenue | 193 | 167 | 141 |
| PAT | 23 | 20 | 20 |
| EBITDA | 42 | 35,788,000 | 23 |
| Net Worth | 122 | 101 | 82 |
| Reserves | 80 | 59 | 82 |
| Total Borrowing | 30 | 44 | 41 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| QIB | 100.07 | 12,805,101 | 1,281,364,004 |
| NII / HNI | 410.36 | 3,841,531 | 1,576,419,238 |
| Retail (RII) | 171.71 | 8,963,572 | 1,539,120,970 |
| Total | 171.69 | 25,610,204 | 4,396,904,212 |
* Amount calculated at upper price band (₹53) · ** Total includes all investor categories
- 1 Initiation of Refund 31 Aug 2026
- 2 Credit of Shares to Demat 31 Aug 2026
- 3 Lock-in Period (30%) Sun, Sep 27, 2026
- 4 Lock-in Period (50%) Thu, Nov 26, 2026
- The IPO P/E of 22x reflects a good valuation relative to typical market ranges.
- Pre-issue EPS of ₹3 compares to post-issue EPS of ₹2 after dilution.
This IPO has relatively lower interest or stretched valuation. Proceed with thorough research and caution.
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