
Admach Systems Limited designs, manufactures, and exports customized special purpose machines for the engineering industry, serving sectors like steel, automotive, and packaging. The company specializes in automation, assembly machines, product design, and robotic material handling systems, offering comprehensive after-sales support including maintenance and technical services for its products.
Dec 23, 2025
Dec 26, 2025
Dec 31, 2025
SME
Upcoming
—
42.6 Cr
0 Cr
₹227 - ₹239
600
Our Company intends to utilize the Net Proceeds for the following objects:
Funding capital expenditure of ₹1,647.43 lakhs for purchasing new machinery, including a CNC Cutting Machine and a CNC Milling Machine, to enhance in-house processing capabilities, improve technological infrastructure, and cater to additional demand.
Funding working capital requirements of ₹1,550.00 lakhs to manage its intensive working capital cycle driven by long project durations, the need for advance raw material procurement, and extended credit periods for domestic and export customers.
Allocating the balance of the proceeds towards general corporate purposes to support business growth, meet operational expenses, and address unforeseen exigencies, subject to regulatory limits.
19.56
12.22
43.94%
44%
27.69%
—
11.43%
19.32%
5.41
Experienced promoters and management team with over 20 years of experience in the machine tool industry.
Diversified domestic and international customer base, reducing dependency on a single market.
Strong focus on quality control with multi-level checks from raw material procurement to final product inspection.
In-house capabilities for designing and manufacturing customized, high-quality special purpose machines tailored to client needs.
Heavy reliance on third-party suppliers for raw materials without long-term contracts, posing risks of price volatility and supply disruptions.
Working capital-intensive business model characterized by long project execution and payment realization cycles.
High revenue concentration from the steel industry, which accounted for over 88% of revenue in Fiscal 2025.
Lack of long-term contracts with customers, leading to uncertainty in future revenue streams.
Growing domestic steel demand in India, projected to increase by 9-10% in FY25, which is a key end-user market.
Expansion into new emerging markets driven by industrial growth in automotive, electronics, and consumer goods sectors.
Supportive government initiatives like 'Make in India' and Production-Linked Incentive (PLI) schemes for the engineering sector.
Increasing demand for automation and customized machinery to enhance manufacturing efficiency and precision across industries.
Volatility in the prices of key raw materials like steel, which can impact profit margins.
Global geopolitical tensions and trade policy uncertainties that could affect export business and supply chains.
Intense competition from both domestic and international players in the special purpose machines market.
Changes in government regulations, tax policies, or environmental laws that could increase compliance costs and affect operations.