About the Business
Incorporated in December 1978, Hy-Tech Engineers Limited is an established engineering company engaged in the design, manufacture, and supply of precision hydraulic fittings for diversified industrial applications. With over four decades of domain expertise, the company maintains an extensive portfolio of more than 11,000 SKUs, including DIN-metric fittings, JIC flared and flareless fittings, O-Ring Face Seal (ORFS) fittings, conversion adapters, and custom engineered solutions.
Operating on a B2B model across domestic and international markets, Hy-Tech serves leading OEMs and industrial clients across sectors like construction machinery, automotive, agriculture, injection moulding, and hydraulics. Certifications for railway and defence applications further broaden its commercial reach. The company operates manufacturing units across Thane, Shirwal, Kavathe, and Pithampur, supported by a backward-integrated forging facility in Nashik.
- Over 45 years of specialized operational track record with a catalog exceeding 11,000 SKUs.
- Robust backward integration via in-house forging capabilities at the Nashik plant.
- Broad international presence spanning the USA, Germany, Belgium, Poland, Brazil, and the UAE.
- Certified supplier base addressing high-entry-barrier segments like railways and defence.
The company’s promoters are Hemant Tukaram Mondkar, Surekha Hemant Mondkar, and Ashwin Hemant Mondkar.
Financial Overview
Hy-Tech Engineers Ltd. demonstrated consistent top-line and bottom-line expansion, with revenue increasing by 16% and profit after tax (PAT) rising by 15% between FY25 and FY26.
| Metric (₹ Cr) | FY 2026 | FY 2025 | FY 2024 |
|---|---|---|---|
| Total Income | ₹193.44 | ₹166.71 | ₹141.17 |
| EBITDA | ₹41.69 | ₹35.79 | ₹22.55 |
| PAT (Profit After Tax) | ₹22.59 | ₹19.62 | ₹11.60 |
| Net Worth | ₹122.02 | ₹101.25 | ₹82.22 |
| Reserves & Surplus | ₹80.25 | ₹59.48 | ₹81.84 |
| Total Borrowings | ₹29.76 | ₹43.53 | ₹40.84 |
| Total Assets | ₹175.71 | ₹170.65 | ₹146.24 |
Restated Consolidated Figures | Source: RHP Filings
Key Financial Metrics (FY26)
Issue Reservation
| Investor Category | Allocation Limit |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Offer |
| Retail (RII) Shares Offered | Not less than 35% of the Net Offer |
| NII (HNI) Shares Offered | Not less than 15% of the Net Offer |
Objects of the Issue
The net proceeds from the ₹60.00 Cr fresh issue are proposed to be utilized as follows:
- Machinery and equipment procurement for expansion at Kavathe, Shirwal, and Pithampur Unit-I ₹29.97 Cr
- Prepayment or repayment, in full or in part, of certain outstanding borrowings ₹16.00 Cr
- General corporate purposes Balance
Hy-Tech Engineers Limited stands out with solid operational stability, an expansive SKU catalog, and healthy double-digit margins (EBITDA margin of 22.01% and ROCE of 24.40%).
The planned capex of ₹29.97 Cr will expand its manufacturing bandwidth across key hubs, while ₹16.00 Cr earmarked for debt reduction will improve capital efficiency and lower interest outgo. At a reasonable post-issue P/E multiple of 22.27x and a market capitalization of ₹502.72 Cr, the offering is positioned attractively for investors seeking exposure to the precision engineering and industrial hydraulics space.
