TechEra Engineering IPO

The company holds ISO 9001:2015 certification for quality management systems and is also certified with AS9100D:2018, an international standard for quality management systems (QMS) for companies that design, develop, or provide products for the aerospace and defence industries.

The company has been a part of some notable projects, such as producing tooling for the vertical fin assembly line of commercial aircraft and the fighter wing skin layup tool, showcasing its ability to handle complex engineering tasks.

The company claims to have invested in advanced manufacturing technologies, including 5-axis machining and AR/VR for design visualisation, enhancing its capability to manage high-precision and complex projects.

The company has seen a consistent increase in revenue from operations over the past few years. Revenue from operations increased from Rs 7.18 crore in FY22 to Rs 26.43 crore in FY23 to Rs 38.75 crore in FY24.

The company’s top 10 customers contributed Rs 35.55 crore (91.75%), Rs 23.11 crore (87.73%), and Rs 6.77 crore (94.39%) in FY24, FY23, and FY22, respectively, to revenue from operations. Any loss of or a decline in business orders from these customers can be detrimental to the company’s business and finances.

The company relies entirely on its sole manufacturing unit in Pune for all its manufacturing and production purposes. Any disruption at this location can negatively affect the company's manufacturing capabilities and consequently its financial performance.

The company generates the majority of its revenue from two main business segments, aeronautics and automation. Aeronautics contributed Rs 22.73 crore (58.66%), Rs 18.96 crore (71.71%), and Rs 6.43 crore (89.61%) in FY24, FY23, and FY22, respectively, to the revenue from operations, and automation contributed Rs 15.93 crore (41.12%), Rs 7.40 crore (28%), and Rs 0.73 crore (10.15%) in FY24, FY23, and FY22, respectively, to the revenue from operations. These segments are tied to customer preferences and factors like low manufacturing costs. Any decrease in demand from customers due to changes in preferences or a rise in manufacturing costs can harm the company’s financial standing.

The company faced a loss of Rs 6.29 crore in FY22.

As of March 31, 2024, the company had a total outstanding amount of Rs 14.30 crore. Any inability to service or repay these loans can be detrimental to the financial condition of the company.