Business Overview
Kanodia Cements is a cement manufacturer operating through satellite grinding units (SGUs) in Uttar Pradesh and Bihar, with a focus on blended cement products such as Portland Pozzolana Cement and Composite Cement. Its business model combines business-to-business contract manufacturing for established cement brands with the production and marketing of its own consumer brands. According to the CRISIL Report, the company is among the pioneers of contract cement manufacturing in India. As of December 31, 2024, it operates five SGUs with an aggregate installed cement manufacturing capacity of 3.54 million tonnes per annum (MTPA).
Kanodia Cement IPO Size
Objects of Issue
The issue is a complete Offer for Sale (OFS). The company will not receive any funds from the issue, entire proceeds will be received by the Selling Shareholder(s).
Kanodia Cement IPO Financial Performance
(Rs. in crores)
| Particulars | Dec-24 | Mar-24 | Mar-23 | Mar-23 |
|---|---|---|---|---|
| Revenue | 719.56 | 887.91 | 665.28 | 488.45 |
| PAT | 98.24 | 113.84 | 55.47 | 40.36 |
| Net Worth | 498.39 | 400.20 | 286.34 | 230.89 |
| Borrowings | 32.00 | 14.94 | 77.27 | 116.05 |
| Assets | 677.39 | 581.78 | 500.06 | 498.43 |
| NAV (₹) | 66.27 | 53.10 | 37.83 | 30.33 |
| EPS (₹) | 13.17 | 15.27 | 7.43 | 5.38 |
Key Performance Indicators (KPIs)
EBITDA
17.21%
PAT
12.82%
ROE
33.58%
ROCE
36.47%
All the data pertains to FY 2023-24. PE, PB, and market capitalization are calculated based on the Upper Price Band.
Promoter Holding
Promoter
0.00%
Public
100.00%
Management
Registrar & Lead Managers
Registrar
MUFG Intime India
Lead Managers (3)
Company Details
Name: Kanodia Cements Limited
Address: D-19, UPSIDCLand Industrial Area, Sikandrabad, Bulandshahr,
Uttar Pradesh, 203205, India
Number: 0120-4561670
Email: ipo@kanodiagroup.co.in
Website: www.kanodiacement.co.in
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