Stocks
Invest in Stocks
Invest in stocks, ETFs, IPOs with fast orders. Track returns on your stock holdings and view real-time P&L on your positions.
F&O
KVS Castings IPO
KVS Castings Ltd
₹1,06,000 /2000 sharesMinimum Investment
KVS Castings IPO Details
| Bidding Dates | Min. Investment | Lot Size | Price Range |
|---|---|---|---|
| 26 Sep ‘25 - 30 Sep ‘25 | ₹2,12,000 | 2,000 | ₹53 - ₹56 |
| Issue Size | IPO Doc |
|---|---|
| 27.83Cr | RHP PDF |
Subscription rate
As of 30 Sep'25, 02:02 PM
| Qualified Institutional Buyers | 0.00x |
| Non-Institutional Investor | 2.14x |
| Retail Individual Investor | 1.50x |
| Total | 1.28x |
About KVS Castings
Founded in
2005
Managing director
Mr Arpan Jindal
Parent organisation
KVS Castings Ltd
Strengths & Financials of KVS Castings
Strengths
Risks
KVS Castings claims to have developed strong, long-standing relationships with a broad range of customers, including original equipment manufacturers (OEMs) and Tier-1 customers in sectors such as commercial vehicles, tractors, railways, and off-highway vehicles. The company is a key supplier of brake systems to Indian Railways, providing almost the entire casting portion for brake assemblies and handling processes like casting, machining, painting, and leakage testing in-house.
The company offers a comprehensive portfolio of castings across various grades and sizes, including grey and ductile iron, high-temperature exhaust elbows, and impact-resistant ductile iron for railway braking. KVS Castings claims to have the capacity to produce components ranging from 50 to 90,000 parts per month, supplying both rough castings and fully machined sub-assemblies.
The company claims its manufacturing plant in Kashipur, Uttarakhand, is strategically located 50 km from Rudrapur, a significant automotive manufacturing hub. This location provides access to a key customer base and a reliable source of steel scrap, an essential raw material. Additionally, Kashipur is well-connected by road and rail, ensuring efficient transportation of both inputs and finished products.
The company claims to have advanced in-house pattern-making and machining capabilities, including computer-aided design (CAD), computer-aided manufacturing (CAM), computer-aided engineering (CAE) tools, and computer numerical control (CNC) machines. By manufacturing tools and patterns internally, KVS Castings reduces development time and costs, giving them a competitive advantage in delivering high-quality products that meet customer specifications.
KVS Castings has obtained multiple quality certifications, including IATF 16949:2016 and ISO 9001:2015 for its quality management systems. The company is also certified by the Research Designs and Standards Organisation (RDSO) under the Ministry of Railways in India.
The company has reported a consistent increase in profit after tax (PAT). It increased from Rs 4.84 crore in FY23 to Rs 5.95 crore in FY24 and Rs 6.62 crore in FY25.
The company has reported a consistent decline in revenue from operations. It decreased from Rs 57.26 crore in FY23 to Rs 54.16 crore in FY24 and Rs 50.11 crore in FY25.
KVS Castings is significantly dependent on the performance of the Indian automobile sector. Any adverse changes in the automobile market, such as shifts in government policies, economic downturns, or demographic trends, can hurt the company’s business, results of operations, and financial condition.
The company derives a significant portion of its revenue from the sale of auto components. It accounted for Rs 37.33 crore (74.50 percent) of the company’s revenue in FY25, Rs 45.62 crore (84.23 percent) in FY24, and Rs 45.90 crore (80.15 percent) in FY23. A decline in demand for this product, whether due to changes in market trends, customer preferences, or technological advancements, could negatively impact the company’s revenue and results of operations.
The company, its promoter, and group companies are involved in certain ongoing legal proceedings, including criminal and tax-related cases. Any adverse judgments in any of these cases could be detrimental to the company’s business prospects.
The company reported negative cash flow from investing activities amounting to Rs 18.54 crore in FY25, Rs 0.51 crore in FY24, and Rs 3.28 crore in FY23. This was primarily due to capital expenditure on property, plant, and machinery. Additionally, negative cash flow from financing activities amounted to Rs 4.72 crore in FY24, largely due to the repayment of long-term and short-term borrowings. Continued negative cash flow in the future could adversely affect the company’s financial condition, operational results, and liquidity.
KVS Castings has experienced a decline in manufacturing capacity utilisation over the past few years. It decreased from 84.90 percent in FY23 to 81.74 percent in FY24 and 76.20 percent in FY25. This under-utilisation of manufacturing capacity may result in inefficiencies and an inability to fully leverage the potential of its facilities, affecting overall profitability. If the company is unable to optimise its production and improve capacity utilisation, it could negatively impact its operational performance and future financial outcomes.
The top five customers accounted for Rs 33.08 crore (66.02 percent) of the company’s revenue in FY25, Rs 42.31 crore (78.13 percent) in FY24, and Rs 39.60 crore (69.15 percent) in FY23. Any failure to retain these key customers, expand the customer base, or loss of business from these clients can adversely affect the company’s business and financial standing.
The top supplier alone accounted for Rs 5.98 crore (32.34 percent) of the company’s total raw material purchased in FY25, Rs 7.25 crore (39.53 percent) in FY24, and Rs 4.56 crore (29.53 percent) in FY23. Any disruption in supply from this vendor could adversely affect the company’s business operations.
Uttarakhand accounted for Rs 35.90 crore (71.65 percent) of the company’s revenue in FY25, Rs 39.57 crore (73.07 percent) in FY24, and Rs 47.45 crore (82.87 percent) in FY23. Any disruption in this region could hurt the company’s revenue and results of operations.
KVS Castings Financials
*All values are in Rs. Cr
No Graph Data To Display
Application Details of KVS Castings IPO
| Apply as | Price band | Apply Range |
|---|---|---|
| Individual investor | ₹53 - 56 | ₹2 - 5 Lakh |
For KVS Castings IPO, eligible investors can apply as Individual investor.