Business Overview
Lalbaba Engineering is an engineering solutions company focused on the development and manufacture of high-performance seamless tubes, precision forgings and integrated rail systems. The Company operates at the intersection of advanced metallurgy and precision manufacturing, enabling it to serve critical applications across railways, automotive, energy and industrial infrastructure. As of August 31, 2025, it is the largest manufacturer of cold-finished seamless tubes in India and the second-largest overall in cold-finished steel tubes by installed capacity among key players (Source: CRISIL Report). Its customer base includes wagon builders, rail system integrators, automotive Tier 1 manufacturers and public sector undertakings, reflecting its strong presence across core industrial sectors.
Lalbaba Engineering IPO Size
Objects of Issue
- Funding capital expenditure requirement for expansion of the Haldia Facility
- Repayment/ prepayment, in full or in part, of certain outstanding borrowings availed by the Company
- General corporate purposes
Lalbaba Engineering IPO Financial Performance
(Rs. in crores)
| Particulars | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| Revenue | 771.61 | 599.50 | 343.30 |
| PAT | 42.44 | 26.61 | 14.26 |
| Net Worth | 181.63 | 140.85 | 78.37 |
| Borrowings | 264.72 | 197.02 | 121.66 |
| Assets | 586.96 | 435.66 | 248.42 |
| NAV (₹) | 17.83 | 13.83 | 9.07 |
| EPS (₹) | 4.35 | 2.90 | 1.85 |
Key Performance Indicators (KPIs)
EBITDA
12.63%
PAT
5.49%
ROE
25.19%
ROCE
21.01%
Net Debt to Equity
1.41
- All the data pertains to FY 2024-25.
- PE, PB, and market capitalization are calculated based on the Upper Price Band.
Promoter Holding
Promoter
99.99%
Public
0.01%
Management
Registrar & Lead Managers
Registrar
MUFG Intime India
Lead Managers (3)
Company Details
Name: Lalbaba Engineering Limited
Address: Kashberia, Bardhanyaghata Debhog, Haldia, East Midnapore, Midnapore – 721 657, West Bengal, India
Nmber: + 91 33 22879256
Email: investorrelations@lalbabagroup.com
Website: https://lalbabagroup.com/
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