Liotech Industries Limited is engaged in the manufacturing and trading of hardware structures and accessories used across industries such as housing, infrastructure, agriculture, automotive, electricity, cement, mining, solar energy, and general engineering.
The company manufactures products including door kits, hinges, gate hooks, aldrops, locks, handles, tower bolts, and shelf bottoms, along with trading supplementary products such as door stoppers, magnets, table brackets, bed lifters, and bell magnets.
It operates under a business-to-business (B2B) model and provides services covering product design, manufacturing, quality testing, packaging, and logistics. The company operates a manufacturing facility in Rajkot, Gujarat, and markets its products across multiple states and Union Territories in India.;
Founded in
2020
MD/CEO
Mr. Hiteshbhai Mansukhbhai Bhuva
Parent organisation
Liotech Industries Ltd
Liotech Industries Financials
Revenue
Total Assets
Profit
All values are in ₹ Cr
Strengths & Risks
Strengths
Risks
Liotech Industries manufactures a wide range of hardware structures and accessories, including door kits, hinges, gate hooks, aldrops, locks, handles, tower bolts, and shelf bottoms. The company states that it offers more than 150 product specifications catering to sectors such as housing, infrastructure, agriculture, automotive, cement, mining, solar energy, and general engineering.
The company claims to provide customised manufacturing solutions based on customer specifications related to product dimensions, thickness, length, and design requirements. It also undertakes trading of supplementary products such as door stoppers, magnets, table brackets, bed lifters, and bell magnets, which broaden its product portfolio.
Liotech Industries operates a manufacturing facility in Rajkot, Gujarat, spread across approximately 12,632 square feet. The company claims that its facility is equipped with plant and machinery for fabrication and production activities, along with process controls and automation systems intended to support manufacturing efficiency and quality standards.
The company is ISO 9001:2015 certified for quality management systems related to the design and manufacture of hardware products, including hinges, handles, tower bolts, magnets, brackets, and related accessories. It has also received a certificate of compliance from the UK Certificate and Inspection under the Construction Products (CPD/CPR) Council Directive 89/106/EEC and Regulation (EU) No 305/2011 for specified products.
The company follows a B2B operational model and claims to provide end-to-end product solutions covering designing, manufacturing, quality testing, packaging, and logistics. Its manufacturing unit in Gujarat is positioned to support supply and delivery requirements for customers across multiple states and Union Territories in India.
The company has seen a consistent increase in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 8.49 crore in FY23 to Rs 27.86 crore in FY24 to Rs 40.68 crore in FY25, while PAT increased from Rs 0.34 crore in FY23 to Rs 2.93 crore in FY24 to Rs 4.16 crore in FY25.
The company’s top 10 customers contributed Rs 37.19 crore (91.43%), Rs 27.27 crore (97.87%), and Rs 8.36 crore (98.45%) of revenue in FY25, FY24, and FY23, respectively. Any failure to retain these key customers, expand the customer base, or a loss of business from these clients can adversely affect the company’s business and financial standing.
Liotech Industries is highly dependent on a limited number of suppliers for the procurement of stainless-steel rods, sheets, coils, and related raw materials. The top 10 suppliers accounted for Rs 34.12 crore (96.25%), Rs 25.33 crore (98.21%), and Rs 7.46 crore (99.38%) of total purchases in FY25, FY24, and FY23, respectively. Any disruption in raw material supply or volatility in steel prices could hurt the company’s operations, margins, and finances.
The company’s manufacturing facility is located in Rajkot, Gujarat, while a significant portion of revenue is generated from the western region of India. Revenue from the western region stood at Rs 21.05 crore (51.74%), Rs 19.16 crore (68.77%), and Rs 7.95 crore (93.63%) in FY25, FY24, and FY23, respectively. Any adverse developments in Gujarat or the western region, including economic slowdowns, regional disruptions, or natural calamities, could adversely affect the company’s operations and financial performance.
The company recorded negative cash flows from investing activities of Rs 3.20 crore in FY25, Rs 2.28 crore in FY24, and Rs 0.46 crore in FY23, largely driven by capital expenditure and expansion-related investments. On the operating side, cash flows remained negative at Rs 0.52 crore in FY24 and Rs 0.71 crore in FY23, before it turned positive in FY25 to Rs 2.62 crore. Going forward, investors should closely monitor the company’s ability to consistently generate healthy operating cash flows, as sustained dependence on external debt funding could put pressure on profitability.
As of March 31, 2025, trade receivables stood at Rs 5.91 crore compared to Rs 4.86 crore in FY24 and Rs 0.63 crore in FY23. Any delays or defaults in collections from customers could adversely affect liquidity and working capital cycles.
As of March 31, 2025, the company had outstanding financial indebtedness of Rs 4.22 crore. Any failure to service or repay these loans can harm the company’s operations and financial position.
Application details
For Liotech Industries IPO, eligible investors can apply as Individual investor.