Tempsens Instruments (India) Ltd.
TEMPSENSMainboard
Overview
Tempsens Instruments (India) Limited designs and manufactures engineered thermal engineering products and specialised cables, spanning temperature sensing solutions (including contact and non-contact sensors), electrical heating solutions (including industrial/process heaters and furnaces) and specialised cables/conductors for industrial applications. Tempsens operates a make-to-order model with significant in-house/backward-integrated manufacturing and calibration capabilities, supplies both project/OEM and recurring MRO demand, and sells in India and internationally through subsidiaries, joint ventures and a distributor network.
Opening Date
Aug 20, 2026
Closing Date
Aug 24, 2026
Listing Date
Aug 27, 2026
IPO Type
Mainboard
IPO Status
Upcoming
Issue Size
650 Cr
Fresh Issue
95 Cr
Offer for Sale
555 Cr
Price Band
₹285 - ₹300
Lot Size
50
IPO Timeline
Financials
Revenue
Profit After Tax (PAT)
Use of IPO funds
Key Performance Indicator
P/E Ratio
34.05
EPS
8.81
ROE
13.54%
ROCE
21.61%
RONW
13.55%
Debt to Equity Ratio
0.15
PAT Margin
15.59%
EBITDA Margin
24.83%
P/B
4.87
Bull vs Bear
Bull case
- •
High share of Projects/OEM suggests tougher qualification and long sales cycles, which can keep new competitors out and protect customer relationships.
- •
R&D headcount and rising R&D spend indicate the company can customise products; custom fit makes switching suppliers harder for customers.
- •
Export revenue plus overseas units via subsidiaries/JVs can reduce reliance on one market, supporting resilience if one geography slows.
Bear case
- •
Revenue depends heavily on Projects/OEM, so delayed or cancelled customer capex can create sudden sales swings and hurt cash generation.
- •
Large exposure to metal and petrochemical end-users means a sector slowdown can hit order flow and push plant utilisation down.
- •
Raw material price and supply volatility can squeeze margins on urgent orders and delay deliveries for custom projects, risking penalties or customer loss.
Net takeaway
For a long-term investor, the story is about a specialised industrial supplier that can win complex projects and deepen customer lock-in through custom engineering, while also building exports. That can create durable demand, but results may stay lumpy because Projects/OEM orders depend on customer capex and key end-user sectors. The main thing to monitor over time is how stable revenue becomes, especially the mix between project orders and recurring MRO business.
Subscription Rate
Subscription data will be available once the IPO opens.

