Gurunanak Agriculture India Limited IPO
Business Overview
Gurunanak Agriculture India Limited is engaged in the manufacturing of agricultural machinery, offering products such as Threshers (Paddy, Groundnut, Wheat, Maize, Multi-crop), Harvesters, Reapers, Rotavators, and Cultivators. A major milestone was the launch of the Combined Harvester, which has gained strong customer acceptance due to its advanced features, efficiency, and reliability, reflecting the trust customers place in the brand.
Expansion Strategy
To meet rising demand, the company is undertaking a strategic expansion of its production capacity. The new manufacturing infrastructure will support annual production of 300 harvesters, 4,000 threshers, and 4,000 other implements (rotavators, reapers, cultivators, etc.). This expansion is aimed at positioning the company as a market leader in agricultural machinery while maintaining high quality and innovation standards.
Business Model & Revenue Streams
1. Sale of Agricultural Machinery: Primary source of revenue from sales of threshers, harvesters, reapers, rotavators, and cultivators. Recent surge in demand for Combined Harvesters adds strong growth momentum.
2. Product Diversification: Multiple product categories (paddy thresher, maize thresher, groundnut thresher, etc.) catering to different crop segments. It Allows the company to tap diverse farming markets across India.
3. Future Upside: Increased production capacity (300 harvesters, 4,000 threshers, 4,000 other implements annually) will directly translate into higher revenue potential. Potential expansion into exports and bespoke machinery based on R&D outputs.
Product Portfolio:
Paddy Thresher, Paddy Multicrop Thresher, Double Drum Multicrop Thresher, Lower Drum Multicrop Thresher, Wheat Thresher, Wheat Multicrop Thresher, Groundnut Thresher, Groundnut Multicrop Thresher, High Capacity Multicrop Thresher, Electric Thresher, Maize Thresher, Combine Harvester, Electric Reaper, and Rotavator.
Core Strengths
i) Strong Product Portfolio: Wide range of agricultural machinery addressing multiple crop needs.
ii) Market Acceptance: Rapid success of the Combined Harvester, showcasing customer trust.
iii) Scalable Manufacturing: Ongoing capacity expansion ensures ability to meet growing demand.
iv) R&D Capability: Focus on technological advancements and tailored machinery for evolving farming needs.
v) Experienced Management: Proven ability to scale operations, innovate, and respond to customer feedback.
vi) Customer-Centric Approach: High emphasis on quality, efficiency, and affordability, driving loyalty.
Objects of the Gurunanak Agriculture India Limited IPO:
Gurunanak Agriculture India Limited IPO Details:
Open Date: | Sep 24 2025 |
Close Date: | Sep 26 2025 |
Total Shares: | 38,40,000 |
Face Value: | ₹ 10 Per Equity Share |
Issue Type: | Fixed Price |
Issue Size: | 28.80 Cr. |
Lot Size: | 1600 Shares |
Issue Price: | ₹ 75 Per Equity Share |
Listing At: | NSE Emerge |
Listing Date: | Oct 01 2025 |
Promoters And Management:
Financials of Gurunanak Agriculture India Limited IPO:
Particulars | FY 2024-25 | FY 2023-2024 | FY 2022-2023 |
Revenue from Operations (Cr) | 43.85 | 44.01 | 38.97 |
EBITDA (Cr) | 9.75 | 5.36 | 2.52 |
EBITDA Margins | 22.23% | 12.20% | 6.48% |
PAT (Cr) | 6.05 | 2.45 | 0.6 |
PAT Margins | 13.81% | 5.57% | 1.56% |
ROCE | 63.88% | 47.46% | 26.29% |
Debt to Equity Ratio(In Times) | 0.38 | 1.7 | 1.77 |
Operating Cash Flows (Cr) | 2.04 | 1.14 | 6.07 |
Comparison With Peers:
Companies | Revenue (in cr) | EBITDA Margins | PAT Margins | ROCE | D/E Ratio | MCap (in cr) | P/E |
Gurunanak Agriculture India Limited | 43.85 | 22.23% | 13.81% | 63.88% | 0.38 | 90 | 14.88 |
Indo Farm Equipment Limited | 368 | 16% | 6.52% | 7.74% | 0.33 | 1,257 | 47.4 |
Lead Manager of Gurunanak Agriculture India Limited IPO:
Registrar of Gurunanak Agriculture India Limited IPO:
Discussion on Gurunanak Agriculture India Limited IPO:
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