Karbonsteel Engineering is a structural engineering and fabrication company engaged primarily in the design, fabrication and assembly of heavy and precision steel structures, customized to meet clients’ requirements across various industrial and infrastructure segments. They have delivered structural engineering and fabrication solutions in diverse sectors including steel plants, railway bridges, oil & gas plants, refineries, chemical plants and other industrial units.

The company have an experienced management team led by the Directors and Promoters, including Shrenik Kirit Shah and Mittal Shrenik Shah. The Promoter and Managing Director Shrenik Kirit Shah, has over 19 years of experience in the Steel industry and has been the driving force behind the Company's growth, playing a pivotal role in strategic decisionmaking and managing overall business operations.

The Revenues from operations for the Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹  27,390.81 Lakhs, ₹ 21,877.30 Lakhs and ₹  15,588.79 Lakhs. The EBITDA for the Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 3,746.40 Lakhs, ₹  2,622.33 Lakhs and ₹ 1,652.92 Lakhs. The Profit after Tax for the Fiscals ended on Mar 31, 2025, 2024 and 2023 were were ₹  1,415.93 Lakhs, ₹ 942.49 Lakhs and ₹  510.70 Lakhs respectively. This indicates a steady growth in financial performance.

The Company Key Performance Indicates the pre-issue EPS of ₹ 12.78 and post-issue EPS of ₹ 10.01 for FY24. The pre-issue P/E ratio is 12.44x, while the post-issue P/E ratio is 15.88x against the Industry P/E ratio is 25x. The company's ROCE for FY24 is 24.63%, ROE for FY24 is 27.19% and RoNW is 23.45%. These metrics suggest that the IPO is fairly priced.

The Grey Market Premium (GMP) of Karbonsteel Engineering showing listing gains of 10.06 %.Given the company's financial performance and the valuation of the IPO, we recommend Risky Investors to Apply to the Karbonsteel Engineering Limited IPO for Listing gain.

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About the Author
CA Abhay Kumar (Also known as  CA Abhay Varn) is a qualified Chartered Accountant by profession and cleared CA at age 21. He is a SEBI Registered Research Analyst with Registration Number - INH300008465. He Possesses 8+ years of experience in the Stock Market Field and has also worked in Big CA firms.