Kheria Autocomp Ltd.
KHERIASME
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Overview
Kheria Autocomp Limited is an Indian auto-ancillary manufacturer focused on plastic injection moulded components and sub-assemblies supplied mainly to the automotive passenger-vehicle supply chain as a Tier-II vendor. It produces interior trims, exterior parts, under-hood components and HVAC ducts for both ICE and EV platforms from its Sanand (Gujarat) facility, using a fleet of injection moulding machines, automation/robots and in-house quality control supported by IATF/ISO certifications and sustainability initiatives such as rooftop solar power.
Opening Date
Sep 17, 2026
Closing Date
Sep 21, 2026
Listing Date
Sep 24, 2026
IPO Type
SME
IPO Status
Upcoming
Issue Size
46.44 Cr
Fresh Issue
39.96 Cr
Offer for Sale
0 Cr
Price Band
₹96 - ₹101
Lot Size
1200
IPO Timeline
Financials
Revenue
Profit After Tax (PAT)
Use of IPO funds
Key Performance Indicator
P/E Ratio
9.95
EPS
10.15
ROE
33.72%
ROCE
26.89%
RONW
33.72%
Debt to Equity Ratio
0.89
PAT Margin
9.52%
EBITDA Margin
19.08%
P/B
4.02
Bull vs Bear
Bull case
- •
High capacity use plus a new plant plan can reduce bottlenecks, helping the business take on more orders without missing deliveries.
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IATF and ISO systems plus in-house testing matter because auto customers punish defects; strong quality processes help retain customers and win new programs.
- •
Robots and automation can lower errors and keep output consistent, which is hard for smaller rivals to copy quickly without similar investment.
Bear case
- •
Customer concentration is extreme, so one big Tier-I cutting orders could quickly hit revenue, plant utilization, and profit margins.
- •
The new facility needs multiple pending approvals, so delays can push back production start and raise costs, hurting cash flows.
- •
Nearly all revenue comes from Gujarat, so any local disruption can disproportionately impact operations and customer deliveries.
Net takeaway
This is a plastic auto-component maker that depends on tight quality, automation, and a planned capacity expansion to keep serving demanding automotive customers. For long-term holders, the story works if the new plant ramps smoothly and customer relationships stay stable, but the big risk is concentration—both in a few customers and one region. The key thing to monitor is execution progress on approvals, installation, and commercial start for the new facility.
Subscription Rate
Subscription data will be available once the IPO opens.
