Lohia Corp

Incorporated in 1981, Lohia Corp Limited has evolved over four decades into a trusted name in the industrial machinery sector. The company began its journey with the manufacturing of Circular Looms, which are essential for weaving plastic fabric, and has since scaled its operations to become a comprehensive provider of synthetic fiber processing solutions.

The company's core business model centers on the design and manufacture of a diverse range of machinery, including extrusion, winding, lamination, conversion, and multifilament equipment. By integrating advanced Research & Development (R&D) with scalable manufacturing, Lohia Corp ensures its machinery is innovative and reliable, catering to the evolving needs of the plastic woven industry.

Beyond the sale of heavy machinery, the firm maintains a sustainable revenue stream through the supply of spare parts and field maintenance services. This service-oriented approach ensures long-term customer retention and operational efficiency for its global clientele, strengthening its market position as a one-stop-shop for plastic fabric machinery.

Operationally, Lohia Corp leverages its 40+ years of experience to maintain a competitive edge in both domestic and international markets. The company is recognized for introducing India's first synthetic fiber processing machines, demonstrating a legacy of innovation and technical leadership.

The company is led by its promoters, Raj Kumar Lohia, Gaurav Lohia, and Amit Kumar Lohia. Their strategic direction has shifted the company from a local manufacturer to a globally recognized entity with a robust balance sheet and significant operational scale.

Lohia Corp is launching a Mainboard IPO to raise approximately ₹1,101.28 Crores. The issue is structured as a Bookbuilding process with a price band of ₹404 to ₹425 per equity share. The IPO opens for subscription on July 23, 2026, and closes on July 27, 2026, with listing scheduled for July 30, 2026, on both the BSE and NSE. The minimum lot size for retail investors is 35 shares, requiring an application amount of ₹14,875.

The offer consists primarily of an Offer for Sale (OFS) of approximately 2,59,31,407 equity shares. As the proceeds from an OFS go to the selling shareholders rather than the company, there is no fresh capital infusion for corporate expansion; the primary objective cited is to achieve the benefits of listing on the stock exchanges.

Financial performance has shown a strong upward trajectory. For the fiscal year 2025, the company reported revenue of ₹1,386.47 Crore and a PAT of ₹117.84 Crore. This growth accelerated in 2026, with revenue climbing to ₹1,737.87 Crore and PAT increasing significantly to ₹193.45 Crore, reflecting strong operational scaling.

From a valuation perspective, the company boasts an impressive Return on Equity (ROE) of 36.80% and a Return on Capital Employed (ROCE) of 40.92%. While a formal P/E comparison is not fully detailed, the company's EPS of ₹18.31 and healthy PAT margins of 11.13% position it competitively against peers like Jyoti CNC Automation and Rajoo Engineers.

Key investment strengths include a very low debt-to-equity ratio of 0.23 and a dominant market position in the woven plastics machinery segment. However, investors should note the risk associated with the issue structure, as it is heavily weighted toward promoter offloading via OFS rather than fresh growth capital.

Overall, Lohia Corp presents a fundamentally strong profile with robust profitability and low leverage. While the lack of fresh issue funds for expansion is a point for consideration, the overall financial health suggests a stable outlook for long-term investors.