Diffusion Engineers Limited IPO
They specialize in the manufacturing of welding consumables, wear plates, wear parts, and heavy engineering machinery for core industries such as cement, steel, power, mining, oil & gas, and sugar. With over four decades of experience, they also provide repair and reconditioning services for heavy machinery and equipment, ensuring extended life and reduced production costs for the clients.
Their offerings include:
i. Welding consumables like special-purpose electrodes and flux-cored wires.
ii. Wear plates, which are used in industrial equipment to protect machinery from wear and tear.
iii. Heavy engineering machinery that integrates wear plates for enhanced durability.
Market Overview and Growth Projections
The welding consumables market in India was valued at around ₹51 billion in fiscal 2024 and is projected to grow to ₹64-66 billion by fiscal 2027. This growth is driven by increasing infrastructure investments, including the construction of roads, bridges, ports, and airports.
The wear plates market is also growing, valued at approximately ₹22 billion in fiscal 2024, with an expected CAGR of 8-9% to reach ₹28 billion by fiscal 2027. Wear plates are essential in industries like power plants, steel mills, and cement manufacturing, where they protect critical machinery components from wear and tear.
India’s heavy engineering capital goods industry is valued at ₹3,100-3,200 billion in fiscal 2024, with a projected CAGR of 7.5-8.5% over the next few years, reaching ₹3,800-3,900 billion by fiscal 2027. The largest segments within this industry include heavy electrical engineering, earthmoving, construction and mining machinery, and process plant equipment.
By aligning their capabilities with these growing markets, they are well-positioned to meet the increasing demands of India’s industrial sector and continue expanding their presence in the heavy engineering and manufacturing space.
Objects of the Diffusion Engineers Limited IPO:
Diffusion Engineers Limited IPO Details:
Open Date: | Sep 26 2024 |
Close Date: | Sep 30 2024 |
Total Shares: | 9,405,000 |
Face Value: | ₹ 10 Per Equity Share |
Issue Size: | 158.00 Cr. |
Lot Size: | 88 Shares |
Issue Price: | ₹ 159 - 168 Per Equity Share |
Listing At: | NSE,BSE |
Listing Date: | Oct 04 2024 |
Promoters And Management:
Financials of Diffusion Engineers Limited IPO:
Particulars | FY 2024 | FY 2023 | FY 2022 |
Revenue from Operations | ₹278 | ₹254 | ₹204 |
Cost of Materials Consumed | ₹129 | ₹137 | ₹116 |
Employee Benefit Expenses | ₹36 | ₹30 | ₹26 |
Other Expenses | ₹17 | ₹15 | ₹11 |
EBITDA | ₹47 | ₹34 | ₹27 |
EBITDA Margin | 17.04% | 13.65% | 13.45% |
Net Profit (PAT) | ₹30 | ₹22 | ₹17 |
Net Profit Margin (NPM) | 10.79% | 8.56% | 8.16% |
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