Poojaa Precision Engg. Limited

1. Overview

Poojaa Precision Engg. Limited is a precision engineering company engaged in the manufacturing of aluminium die casting and machining components. Originally incorporated in 1992, the company commenced manufacturing operations at its first facility in 2007 and has since grown into a two-facility operation based in Pune, Maharashtra, with a combined melting capacity of 13,800 MT and casting and finishing capacity of 6,000 MT as of March 31, 2026.

The company primarily serves the automotive sector, including electric vehicle (EV) applications, alongside a growing non-automotive presence spanning agriculture, defence, energy, healthcare, and engineering goods. It manufactures over 600 SKUs, several of which are safety-critical automotive and EV components, using gravity die casting (GDC), low-pressure die casting (LPDC), and high-pressure die casting (HPDC) processes, supported by in-house machining and finishing.

The company's customer base has expanded from 39 customers in Fiscal 2024 to 58 customers in Fiscal 2026, with domestic OEMs and Tier-1 suppliers forming the core base, alongside export customers in Germany, the United States, Italy, and Switzerland. Financially, the company has demonstrated consistent growth — Revenue from Operations rose from ₹173.72 crore in FY24 to ₹293.86 crore in FY26 (a CAGR of 30.06%), while PAT grew from ₹16.10 crore to ₹30.90 crore over the same period (a CAGR of 38.53%).

2. Business Model and Revenue Streams

Revenue by Sector

The company's revenue is diversified across three broad end-markets — Automotive, Electric Vehicle (EV), and Non-Automotive — as shown below (₹ in Lakhs):

Notably, the non-automotive and EV segments have grown their combined share from ~20% in FY24 to ~27% in FY26, indicating a deliberate diversification strategy away from pure automotive dependence.

Revenue by Geography

The business remains heavily concentrated in Maharashtra, though export contribution — while small — has fluctuated across the three years.

Customer Concentration

The company derives more than 70% of revenue from its top five customers across the last three fiscals, and its top 10 customers contributed 88.64% of revenue in FY26 (down from 96.00% in FY24, indicating gradually improving diversification). This concentration remains a key commercial dependency risk.

Capacity and Utilization (Manufacturing Sector KPI)

Utilization has improved meaningfully in FY26 across both melting and casting/finishing operations, following capacity expansion in the prior year.

3. Products and Service Portfolio

The company's product portfolio spans three principal application segments:

1. Automotive Segment — Components including brackets, compressors, intake manifolds, cylinder head covers, camshaft carriers, clutch housings, and oil filter holders, primarily supplied to OEMs and Tier-1 automotive suppliers.
2. Electric Vehicle Segment — Transmission housings, brackets, and housing bearing sleeve assemblies supporting 3-wheeler and 4-wheeler EV applications.
3. Non-Automotive Segment — Products such as drive box housings, cast flanges, turbo outlets, and contact carriers serving agriculture, defence, energy, and healthcare end-markets. The company has also recently entered the aerospace segment, having obtained vendor approval from a customer.

Manufacturing Infrastructure

The proposed Unit III will more than double total installed capacity on both melting and casting/finishing fronts. Separately, the company is establishing Unit IV to diversify into magnesium-based precision components — a new material segment distinct from its existing aluminium casting operations.

The company also operates in-house design and reverse-engineering capabilities, supported by a 17-member design and engineering team using tools such as Adstefan casting simulation software and Solidcam. Quality systems include ISO 14001:2015, ISO 45001:2018, ISO 9001:2015, and IATF 16949:2016 certifications across its facilities.

4. Key Business Strengths

• Integrated manufacturing capabilities: End-to-end operations spanning melting, casting (GDC/LPDC/HPDC), machining, and finishing across two closely located, certified facilities in Pune.
• Design-led customer engagement: In-house reverse engineering and CAD-based design capabilities enable close collaboration with customers on component specifications, supporting a quality, cost, and delivery competitive edge.
• Diverse and long-standing customer relationships: A growing base of 58 customers in FY26 (up from 39 in FY24) spanning automotive OEMs, Tier-1 suppliers, and export accounts in Germany, the US, Italy, and Switzerland.
• Comprehensive precision engineering portfolio: Over 600 SKUs across automotive, EV, and non-automotive segments, supported by melting and casting capacity across multiple casting technologies.
• Experienced promoter and management team: Led by Anil Shivajirao Kulkarni (Chairman, 32 years' experience), Sanket Anil Kulkarni (Managing Director, 16 years' experience), and Rahul Sohanlal Ranka (Whole-Time Director, 25 years' experience), supported by a 216-strong workforce.
• Consistent revenue growth and profitability: Revenue CAGR of 30.06% and PAT CAGR of 38.53% over FY24–FY26, with RoNW of 23.21% in FY26.

5. Future Growth Strategy

• Quality and design capability expansion: Continued investment in ISO/IATF-certified quality systems, automated and CNC-enabled processes, and design software to reduce production cycle times and defect rates.
• Customer expansion and diversification: Deepening existing OEM/Tier-1 relationships while actively pursuing new international customers, particularly in markets previously served by other suppliers, and expanding non-automotive verticals including aerospace, defence, and healthcare.
• Capacity expansion via Units III and IV: Utilizing IPO proceeds to more than double melting and casting capacity through Unit III, while Unit IV marks a strategic entry into magnesium-based precision components — a new, less-penetrated material category.
• Cost and sustainability optimization: A proposed ₹14.81 crore captive solar power installation to reduce grid dependence, alongside existing Sewage and Effluent Treatment Plants, aimed at lowering both operating costs and the company's carbon footprint.