AbridgedLast filing 1 Oct 2026

Ekkaa Electronics (India) Limited

CIN

Detailed viewexpand everythingSource documents

Ekkaa Electronics (India) Limited (CIN U32304DL2021PLC379143) has filed a SEBI filings with SEBI for an IPO comprising a fresh issue of ₹525 Cr and an offer for sale of ₹200 Cr. In FY26 it reported revenue of ₹1,222 Cr (+146.1% on FY25) and a net profit of ₹65 Cr. Promoters hold 75.9% before the IPO.

Read from public SEBI filings; last updated 1 Oct 2026. Not investment advice.

Key signals

Read from the filing. Signals summarise it; they are not a recommendation or investment advice.

ValuationNot available
Not yetThe price band isn't out, so P/E and price-to-book can't be worked out.
GrowthLooks fine
13,017.9% a yearSales FY24 to FY26; latest year +146.1%.p.79
ProfitabilityLook closer
5.4% net marginFY26; operating margin slipping.p.79
DebtLook closer
1.23x equity₹309 crore borrowed at the end of FY26.p.79
Profit into cashConcern
-44% of profitOperations brought in ₹-28.7 crore against ₹65.4 crore of profit in FY26.p.79
One-off incomeLooks fine
8% of profitOther and one-off income is 8% of pre-tax profit.
Where the money goesLooks fine
28% for sale72% is new shares issued by the company. 60% of the new money repays debt.p.125
Red flagsNot available
Not checkedWe no longer check the filing's claims against the web, so there are no look-ups for this company.

How we rate these

Valuation: P/E at the top of the band: up to 25x good, up to 40x watch, above that concern.
Growth: Sales growth per year: 20% or more good, 8% or more watch, below that concern.
Profitability: Net profit margin: 10% or more good, 4% or more watch, below that concern. The trend note compares operating margin with the year before (1.5 points either way).
Debt: Borrowings / net worth: up to 0.5x good, up to 1.5x watch, above that concern.
Profit into cash: Cash from operations as a share of net profit: 80% or more good, 40% or more watch, below that (or negative) concern.
One-off income: Other and one-off income as a share of pre-tax profit: up to 10% good, up to 30% watch, above that concern. Any one-off item management itself describes moves "good" to "watch".
Where the money goes: Offer for sale as a share of the whole issue: under 40% good, under 75% watch, above that concern. In an offer for sale the money goes to the selling shareholders, not the company.
Red flags: Earlier web look-ups of the filing's claims: any high-concern finding is concern, any medium is watch, otherwise good.

Rules are rules of thumb, not a verdict: a fast-growing business can reasonably carry a higher P/E, and some sectors run on debt.

Original draft not analysed yet. We have one filing for this company, but not its full draft prospectus. The amendments below are shown on their own until it is added.

The IPO

What Ekkaa Electronics (India) Limited is offering, at what price, and who owns it today. Read from the Other; anything the company hasn't fixed yet shows as pending.

Draft under SEBI review

Price band and dates are announced only once the RHP is filed.

Fresh issue: ₹525 Cr
Offer for sale: ₹200 Cr
Price band: To be announced
Shares today: 6.85 Cr
Face value: ₹5
Listing on: BSE & NSEEQ

Lead managers

Motilal Oswal Investment AdvisorsShannon Advisors

Registrar

Bigshare Services

Read from p.1 p.74 p.75 p.76+2

Where the money goes

Earmarked for specific objects

₹375 Cr

of a ₹525 Cr fresh issue

Object	₹ crore	% of issue
Debt repayment Repayment/ prepayment, in full or part, of certain outstanding borrowings availed by our Company	225	43%
Working capital Funding our Company's working capital requirements	150	29%
General corporate General corporate purposes	Not fixed yet	n/a

Amounts marked “not fixed yet” are left blank in the draft and are set once the price is decided. Source: page 125

Who owns it

Promoters hold before the IPO

75.9%

As stated in the filing. The full shareholding table could not be cross-checked.

Valuation

Valuation comes with the price band. P/E, price-to-book and price-to-sales need an offer price, and draft filings leave it blank. We'll compute them here as soon as the RHP announces the band.

Financials

What Ekkaa Electronics (India) Limited earned and how, read straight from its Other.

Sales FY26

₹1,222 Cr

+146.1% vs FY25

Net profit FY26

₹65 Cr

5.4% net margin

Net worth

₹252 Cr

Debt / equity 1.23x

Operating cash flow FY26

−₹29 Cr

Business consumed cash

₹ crore · Standalone · FY = year ended 31 MarchSource p.78 p.79 p.80

Metric	FY24	FY25	FY26
Profit & loss
Sales	0.07	497	1,222
Sales growth	–	6,99,215.5%	146.1%
Operating profit	-0.41	55	115
Operating margin	-574.7%	11.2%	9.4%
Other income	1.1	2.1	6.6
Interest	1.9	22	28
Depreciation	0.79	8.8	14
Profit before tax	-2.0	27	80
Profit before tax excl. other & one-off income	-3.1	25	73
Other & one-off income as % of PBT	–	7.7%	8.3%
Tax rate	–	13.6%	17.9%
Net profit	-4.1	24	65
Net margin	-5,704.2%	4.7%	5.4%
Balance sheet
Net worth	15	38	252
Borrowings	170	323	309
Total assets	203	444	840
Debt / equity	11.57x	8.44x	1.23x
Return on equity	-27.6%	61.6%	26.0%
Cash flow
Cash from operations	-15	-64	-29
Cash from investing	-92	-67	-89
Cash from financing	108	131	118

How they earn

Where the revenue comes from. Each split adds up to the reported sales.

Revenue by type

₹ crore · Source p.350

Segment	FY24	FY25	FY26	Share of FY26
Sale of products	0.00	400	1,037	84.9%
Sale of spare parts, component & others	0.07	96	183	15.0%
Sale of scrap	0.00	0.07	0.78	0.1%
Others (recovery of freight)	0.00	0.31	0.77	0.1%

Full statements

As printed in the filing's summary financial information, converted to ₹ crore.

₹ crore (per-share figures in ₹), as restated in the filing. Click + to see what a line is made of.Source p.79

Line item	FY24	FY25	FY26
Revenue from operations	0.07	497	1,222
Other income	1.1	2.1	6.6
	1.2	499	1,228
Income
Finance costs	1.9	22	28
Depreciation and amortisation expense	0.79	8.8	14
	3.2	471	1,149
Expenses
Cost of materials consumed	0.27	418	1,042
Changes in inventories of finished goods and work-in progress	-0.08	-8.1	-27
Employee benefits expense	0.00	6.7	15
Other expenses	0.29	24	78
Profit / (loss) before tax	-2.0	27	80
	2.1	3.7	14
Tax expense
Current tax	0.00	1.8	15
Deferred tax charge	2.1	1.9	-0.29
Profit / (loss) for the year	-4.1	24	65
	0.00	0.00	-0.00
Other comprehensive income
subsequent period
Re-measurement gain/(loss) on defined benefit plans	0.00	0.00	-0.00
Income tax effect	0.00	0.00	0.00
Total comprehensive income for the year	-4.1	24	65

₹ crore (per-share figures in ₹), as restated in the filing. Click + to see what a line is made of.Source p.78

Line item	FY24	FY25	FY26
Property, plant and equipment	126	159	239
	184	237	305
(Consolidate
Assets
Non-current assets
Capital work-in-progress	0.00	0.00	1.8
Intangible assets	0.00	0.14	3.4
Right-of-use assets	35	34	45
Financial assets
Other financial assets	11	37	15
Other non-current assets	13	6.2	0.66
Inventories	5.5	130	252
Trade receivables	0.02	75	219
Cash and cash equivalents	0.29	0.22	2.3
	18	207	535
Current Assets
Financial assets
Other bank balances	0.00	0.00	10
Other financial assets	0.00	0.00	18
Current tax assets (net)	0.05	0.05	0.00
Other current assets	13	1.4	33
Total Assets	203	444	840
Equity share capital	4.1	4.1	8.6
Other equity	11	34	243
	15	38	252
Equity and Liabilities
Equity
Instrument entirely in the nature of equity	0.00	0.00	0.01
Borrowings	65	74	113
	67	78	131
Liabilities
Non-current Liabilities
Financial Liabilities
Lease liabilities	0.00	0.00	12
Provisions	0.00	0.15	0.26
Deferred tax liabilities (net)	2.0	3.9	5.1
Borrowings	105	249	196
Trade payables total outstanding dues of micro enterprises and small enterprises; and	0.00	0.53	28
	0.20	54	169
Current liabilities
Financial liabilities
Lease liabilities	0.00	0.00	0.00
	121	328	458
Other financial liabilities	16	9.2	33
Provisions	0.00	0.01	0.22
Current tax liabilities (net)	0.00	1.2	13
Other current liabilities	0.43	14	19
Total liabilities	188	405	588
Total equity and liabilities	203	444	840

₹ crore (per-share figures in ₹), as restated in the filing. Click + to see what a line is made of.Source p.80 p.81

Line item	FY24	FY25	FY26
Net Profit before income tax	-2.0	27	80
Operating profit before working capital changes	0.32	57	129
	-15	-64	-29
(Consolidate
Adjusted for:
Depreciation and amortisation expenses	0.79	8.8	14
Finance costs	1.8	21	28
Interest income on financial assets	-0.41	-1.6	-2.4
Interest expense on deferred payment liabilities	0.16	0.32	0.02
Unwinding of discount on security deposit	0.00	0.00	-0.00
Sundry balances written back (net)	0.00	0.00	0.41
Allowance for expected credit loss	0.00	0.00	0.19
Remeasurement of defined employee benefit plans	0.00	0.00	-0.00
Unrealised exchange loss, net	0.00	1.2	10
Changes in working capital
Movement in trade receivables	-0.00	-75	-97
Movement in inventories	-5.5	-125	-39
Movement in other non-current and current financial assets	-0.91	0.00	-0.24
Movement in other non-current and current assets	-9.6	11	-23
Movement in trade payables	0.13	54	-13
Movement in other financial liabilities	0.21	0.55	22
Movement in provisions	0.14	0.16	1.1
Movement in other liabilities	0.00	14	-3.8
Cash generated from operations	-15	-63	-23
Income taxes paid (net)	-0.05	-0.65	-5.3
	-92	-67	-89
Payments for purchase of property, plant and equipment, capital workin-progress and Intangible assets	-87	-43	-89
Receipt of government grant/subsidy against property, plant and equipment	0.00	0.00	11
Receipt of government grant/subsidy against finance cost	0.00	0.00	1.4
Interest received	0.42	0.87	2.8
Amount (invested)/redeemed through fixed deposit (net)	-5.6	-25	-5.0
Payment made to acquire subsidiary (net of cash acquired) (refer note 41)	0.00	0.00	-9.2
	108	131	118
Finance cost paid	-1.6	-20	-28
Proceeds from borrowings	109	158	40
Repayment of borrowings	0.00	-6.3	-5.7
Proceeds/(repayment) from short term borrowings	0.00	0.00	6.0
including security premium net of share issue expenses	0.00	0.00	106
Net increase/(decrease) in cash and cash equivalents (A+B+C)	0.26	-0.07	1.3
Cash and cash equivalents at the beginning of the year	0.03	0.29	0.22
Increase in cash and cash equivalents on account of acquisition of subsidiary	0.00	0.00	0.87
	0.29	0.22	2.3
(Consolidate
statement
Cash in hand	0.01	0.15	0.69
Balances with banks in current accounts	0.28	0.07	1.4
deposits with original maturity of less than 3 months 2.80 - Balances as per statement of cash flows	0.29	0.22	2.3

Discounted cash flow

What Ekkaa Electronics (India) Limited's cash flow would be worth today. Change the rate, time period or growth to see how sensitive the answer is.

Discount rate

% / yr

Time period

years

Cash flow growth

% / yr

Worth today (10 years of cash)

₹1,029 Cr

Per share

–

Needs the price band.

Top of the price band

–

Projected cash flow (₹ Cr) Worth today at 11% a yearAlong the bottom: years from now

Starts from FY26 net profit of ₹65 Cr, grown 20% a year (based on revenue growth FY24–FY26, capped at 20%) and discounted at 11% a year, with no value counted beyond year 10. A simple illustration from the filing's numbers, not a forecast or investment advice; small changes to the rate or growth move the answer a lot.

The short version

Start here. The story in a few minutes, with every fact tied to the page it came from.

Here's what you need to know before investing in Ekkaa Electronics (India) Limited's IPO.
AI-written summary of Ekkaa Electronics (India) Limited's filings. Verify against the source documents.

Bottom line

Do your own research before deciding whether to invest.

Updates since the first filing

Addenda, corrigenda and the abridged prospectus, newest first.

1 Oct 2026OtherOther filing· 582 pagesOpen document
An earlier full draft. The main analysis above reflects the latest version; open the document to compare.

Ekkaa Electronics (India) Limited IPO: common questions

Short answers drawn from the filings above.

How big is the Ekkaa Electronics (India) Limited IPO?

Ekkaa Electronics (India) Limited's IPO comprises a fresh issue of ₹525 Cr and an offer for sale of ₹200 Cr, according to its SEBI filings. The price band is not stated in that document.

What are Ekkaa Electronics (India) Limited's revenue and profit?

Ekkaa Electronics (India) Limited reported revenue from operations of ₹1,222 Cr in FY26, +146.1% versus FY25. Net profit was ₹65 Cr (FY25: ₹24 Cr). Revenue grew at a compound rate of 13,017.9% a year from FY24 to FY26. Figures are read from the Other, as printed there.

How much do promoters own in Ekkaa Electronics (India) Limited?

Promoters hold 75.9% of Ekkaa Electronics (India) Limited before the IPO.

How will Ekkaa Electronics (India) Limited use the IPO money?

The fresh-issue proceeds are earmarked for: Repayment/ prepayment, in full or part, of certain outstanding borrowings availed by our Company (₹225 Cr); Funding our Company's working capital requirements (₹150 Cr); General corporate purposes (amount not fixed yet). The offer-for-sale portion goes to the selling shareholders, not the company.

What does Ekkaa Electronics (India) Limited do?

Here's what you need to know before investing in Ekkaa Electronics (India) Limited's IPO.

Who manages the Ekkaa Electronics (India) Limited IPO?

Book running lead managers: Motilal Oswal Investment Advisors Limited, Shannon Advisors Private Limited. Registrar to the offer: Bigshare Services Private Limited. Shares are proposed to list on BSE and NSE.

Where can I read the original Ekkaa Electronics (India) Limited IPO documents?

All 1 filing for Ekkaa Electronics (India) Limited (Other) are listed on this page with links to the original PDFs on SEBI's website. Every page reference cites the exact page of the source document.

Source documents

Every page reference on this site links to the original SEBI PDF.

Document	Filed	Pages	On this page	Source
OtherOther filing EKKAA ELECTRONICS (INDIA) LIMITED - DRHP · 1 Oct 2026	1 Oct 2026	582	See update	PDF

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