Lohia Corp

Incorporated in 1981, Lohia Corp Limited has evolved over more than four decades into a trusted global name in the plastic woven and fabric machinery industry. The company began its journey by manufacturing Circular Looms, which are essential for weaving plastic fabrics, and has since expanded its technical capabilities to cover the entire production chain.

The company's business model centers on the design and manufacturing of a comprehensive suite of machinery, including extrusion lines, winding machines, lamination equipment, and conversion machinery. Beyond equipment sales, Lohia Corp maintains a sustainable revenue stream by providing critical services, including the supply of spare parts and field maintenance for its installed base.

With over 40 years of expertise, the firm established itself as a pioneer by developing India's first synthetic fiber processing machines. The company leverages strong Research & Development (R&D) and a global recognition framework to ensure its machinery is innovative, reliable, and scalable for international clients.

Operationally, the company is headquartered in Kanpur, Uttar Pradesh, with a significant industrial presence in the Panki Industrial Estate. Its operational scale is evidenced by its substantial asset base, which grew to ₹1,304.66 crore by 2026, reflecting its capacity for large-scale industrial manufacturing.

The company is led by a promoter group consisting of Raj Kumar Lohia, Gaurav Lohia, and Amit Kumar Lohia. Their long-term stewardship has transitioned the company from a domestic loom manufacturer to a diversified global player in the synthetic fiber and plastic machinery space.

Lohia Corp is launching a Mainboard IPO to raise approximately ₹1,101.28 crore. The issue is structured as a Bookbuilding Issue with a price band of ₹404 to ₹425 per share. The offer consists of an Offer for Sale (OFS) of up to 2,59,31,407 equity shares. The IPO is scheduled to open on July 23, 2026, and close on July 27, 2026, with listing on the BSE and NSE expected on July 30, 2026.

The financial trajectory of the company is robust, showing significant growth in both top and bottom lines. Revenue increased from ₹1,386.47 crore in 2025 to ₹1,737.87 crore in 2026. More impressively, the Profit After Tax (PAT) surged from ₹117.84 crore to ₹193.45 crore in the same period, indicating strong operational leverage and efficiency.

From a valuation perspective, the company reports a basic EPS of ₹18.31 for FY2026. While a formal P/E ratio is not explicitly provided, the company's internal metrics are highly attractive, boasting a Return on Net Worth (RoNW) of 72.95% and a healthy EBITDA margin of 19.53%.

Key investment strengths include the company's deep industry experience, strong profitability ratios (ROE of 36.8%), and a conservative debt profile with a Debt-to-Equity ratio of 0.23. These fundamentals suggest a high-quality balance sheet capable of sustaining future growth.

However, investors should note that the issue is primarily an Offer for Sale (OFS), meaning the proceeds go to the selling shareholders rather than the company's coffers for growth capital. Additionally, the company operates in a specialized industrial niche, making it susceptible to cyclical demands in the plastic and fabric industry.

Overall, Lohia Corp presents a case of strong financial health and market leadership. While the OFS structure is a point of consideration, the high ROCE and growing profit margins provide a compelling fundamental backdrop for long-term investors.