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Company Profile

Established in 1972, Kanohar Electricals Limited is an Indian transformer manufacturer serving key infrastructure sectors, including power transmission, distribution, railways, and renewable energy. The company operates through two primary divisions: transformer manufacturing and Engineering, Procurement, and Construction (EPC). Notably, it is one of only four domestic manufacturers certified by the Research Designs and Standards Organization (RDSO) to produce specialized 100 MVA 132 kV Scott transformers for Indian Railways.

The company’s operations are supported by two manufacturing plants in Meerut, Uttar Pradesh, which possess a combined production capacity of 19,200 MVA. To serve its nationwide client base, Kanohar Electricals maintains five regional offices across major commercial centers—Delhi, Mumbai, Kolkata, Bengaluru, and Chennai—backed by a dedicated workforce of over 500 employees.

For the year/period ended (Rs. in Cr.)

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*Market cap @upper band

• established player in the transformer manufacturing sector catering to high growth industries
• successful short circuit testing of transformers up to 500 MVA 400 kV which enables us to compete for large, high value contracts across sectors
• comprehensive presence across our Transformer Manufacturing Business and EPC Business enables us to serve a large total addressable market
• integrated manufacturing facilities equipped to deliver high-quality products
• track record of executing orders for large and marquee clients
• experienced Promoters and management team with significant industry experience
• track record of profitability.

The Company KANOHAR ELECTRICALS LIMITED IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:

• Funding the capital expenditure requirements of Company (Rs. 64.18 Cr.)
• Funding the incremental working capital requirements of Company (Rs. 155.00 Cr.)
• General Corporate Purposes.

At the upper band of IPO Rs. 632, the stock is valued at 38.58 P/E multiple. Hence, well-informed investors subscribe for medium to long term perspective.