Lohia Corp

Incorporated in 1981, Lohia Corp Limited has established itself over four decades as a trusted name in the manufacturing of machinery for the plastic woven and fabric industry. The company began its journey with the production of Circular Looms, which are essential for weaving plastic fabric, and has since expanded its technical capabilities significantly.

The company's business model centers on providing end-to-end machinery solutions. Their extensive product portfolio now includes extrusion, winding, lamination, conversion, and multifilament machines. By integrating research and development with global recognition, the firm ensures its machinery is innovative, reliable, and scalable for industrial use.

Beyond the sale of heavy machinery, Lohia Corp maintains a steady revenue stream through the supply of spare parts and field maintenance services. This service-oriented approach ensures long-term client retention and operational efficiency for their customers globally.

The company's operational scale is evidenced by its significant asset base and its position as the creator of India's first synthetic fiber processing machines. This pioneering spirit has allowed them to maintain a competitive edge in the textile and plastic machinery market.

Lohia Corp is led by its promoters, Raj Kumar Lohia, Gaurav Lohia, and Amit Kumar Lohia, whose combined leadership has steered the company from a domestic manufacturer to a recognized global player in the woven plastics machinery segment.

The Lohia Corp IPO is a mainboard offering looking to raise approximately ₹1,101.28 crore. The issue is structured as a book-building process with a price band of ₹404 to ₹425 per share. The IPO opens for subscription on July 23, 2026, and closes on July 27, 2026, with the 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.

From a financial perspective, the company has shown impressive growth trajectories. Revenue increased from ₹1,386.47 crore in 2025 to ₹1,737.87 crore in 2026. More notably, the Profit After Tax (PAT) saw a substantial jump from ₹117.84 crore in 2025 to ₹193.45 crore in 2026, demonstrating strong operational leverage and profitability.

Valuation-wise, the company reports a basic EPS of ₹18.31 for FY2026. While a specific P/E ratio was not explicitly provided in the comparison table, the company boasts an exceptional Return on Net Worth (RoNW) of 72.95% and a healthy ROCE of 40.92%, suggesting high efficiency in capital utilization.

Investment strengths include the company's 40-year industry legacy, strong EBITDA margins of 19.53%, and a very conservative debt-to-equity ratio of 0.23. These factors indicate a stable balance sheet and the ability to fund growth internally.

However, investors should note that the issue involves a significant offer for sale of approximately 2.59 crore shares, which implies a reduction in promoter holding from 95.61% to 75.24%. The absence of a clear 'fresh issue' component for capital expenditure may be viewed as a missed opportunity for inorganic growth.

Overall, Lohia Corp presents as a fundamentally strong industrial play. While the valuation appears fair given the growth rates, investors should balance the high returns against the cyclical nature of the plastic machinery industry.