Business Overview
Steamhouse is an Indian provider of industrial gas solutions, focused on the generation and centralized distribution of steam and nitrogen through an extensive pipeline network. It operates seven community steam boilers—6 owned and 1 leased—across key industrial locations, with an aggregate installed steam capacity of 345 TPH as of September 30, 2025. The company also operates a nitrogen generation and distribution facility in Ankleshwar, commissioned in February 2025, with a capacity of 350 NM³ per hour. Its operations use a mix of fuels, including coal and alternative non-fossil fuels such as plastic waste. As of November 15, 2025, the company owned and maintained over 56 km of operational pipelines and served 174 customers across sectors including pharmaceuticals, chemicals, agro-chemicals, textiles, tyres, dyes and pigments, polymers, and paints.
Steamhouse IPO Size
Objects of Issue
- Repayment or prepayment of all or a portion of certain outstanding borrowings availed by the Company
- Funding Capex requirements for augmenting infrastructure development of company towards expansion of the Ankleshwar Facility & Panoli Facility
- Funding Capex in relation to the setting up of a new manufacturing facility for generation of steam in Dahej SEZ
- General corporate purposes
Steamhouse IPO Financial Performance
(Rs. in crores)
| Particulars | Sep-25 | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|---|
| Revenue | 238.42 | 395.11 | 291.71 | 315.54 |
| PAT | 13.09 | 31.16 | 27.19 | 33.40 |
| Net Worth | 139.67 | 131.00 | 102.71 | 56.84 |
| Borrowings | 216.60 | 222.95 | 202.71 | 105.94 |
| Assets | 594.38 | 543.67 | 422.31 | 247.08 |
| NAV (₹) | 6.18 | 5.80 | 4.55 | 7.58 |
| EPS (₹) | 0.58 | 1.38 | 1.21 | 1.48 |
Key Performance Indicators (KPIs)
EBITDA
17.54%
PAT
7.82%
ROE
23.53%
ROCE
17.20%
Net Debt to Equity
1.63
- All the data pertains to FY 2024-25.
- PE, PB, and market capitalization are calculated based on the Upper Price Band.
Promoter Holding
Promoter
98.69%
Public
1.31%
Management
Registrar & Lead Managers
Registrar
KFin Technologies
Lead Managers (1)
Company Details
Name: Steamhouse India Limited
Address: Office No. – 324, Second Floor, Four Point, V.I.P. Road, Vesu, Surat – 395007, Gujarat, India
Number: +91 261 2998109
Email: compliance@steamhouse.in
Website: https://steamhouse.in/
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