amit@unlistedkraft.in
+91-9599071664
+91-9599071664
Polymatech Electronics Ltd Unlisted Shares
DRHP Status : Not Filed
68
Fundamentals About Polymatech Electronics Ltd
Downloads & Investor Documents
All documents are provided for informational purposes and are subject to regulatory disclosures.
Key Financials of Polymatech Electronics Ltd
| P&L Statement | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Revenue | 45 | 126 | 649 | 1221 |
| Cost of Material Consumed | 34 | 102 | 468 | 780 |
| Gross Margins | 24.44 | 19.05 | 27.89 | 36.12 |
| Change in Inventory | -1 | -18 | -16 | -79 |
| Employee Benefit Expenses | 0.6 | 0.7 | 1 | 27 |
| Other Expenses | 0.6 | 1.5 | 12 | 189 |
| EBITDA | 10.8 | 39.8 | 184 | 304 |
| OPM | 24 | 31.59 | 28.35 | 24.9 |
| Other Income | 0.5 | 0.5 | 0.6 | 17 |
| Finance Cost | 0.8 | 2.4 | 3 | 0.13 |
| D&A | 3 | 3 | 16 | 50 |
| EBIT | 7.8 | 36.8 | 168 | 254 |
| EBIT Margins | 17.33 | 29.21 | 25.89 | 20.8 |
| PBT | 7 | 35 | 167 | 270 |
| PBT Margins | 15.56 | 27.78 | 25.73 | 22.11 |
| Tax | 0 | 0 | 0 | 30 |
| PAT | 7 | 35 | 167 | 240 |
| NPM | 15.56 | 27.78 | 25.73 | 19.66 |
| EPS | 1.1 | 5.52 | 23.26 | 30.15 |
Financial Ratios |
2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Operating Profit Margin | 24 | 31.59 | 28.35 | 24.9 |
| Net Profit Margin | 15.56 | 27.78 | 25.73 | 19.66 |
| Earning Per Share (Diluted) | 1.1 | 5.52 | 23.26 | 30.15 |
| Assets | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Fixed Assets | 83.5 | 90 | 155 | 446 |
| CWIP | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 139 |
| Trade Receivables | 7.3 | 26 | 133 | 520 |
| Inventory | 1 | 20 | 36 | 267 |
| Other Assets | 2.2 | 1 | 64 | 244 |
| Total Assets | 94 | 137 | 388 | 1616 |
| Liabilities | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Share Capital | 63.4 | 63.4 | 71.8 | 79.6 |
| FV | 10 | 10 | 10 | 10 |
| Reserves | -22 | 13 | 252 | 713 |
| Borrowings | 32 | 45 | 43 | 21 |
| Trade Payables | 20 | 15 | 20 | 276 |
| Other Liabilities | 0.6 | 0.6 | 1.2 | 526.4 |
| Total Liabilities | 94 | 137 | 388 | 1616 |
About Company
Let us take a glance at key points about Polymatech Electronics Ltd. After the following table, we will explain these points in detail:
| Parameter | Key Numbers | Insights |
|---|---|---|
| Business Overview | Incorporated in 2007; Oragadam, Tamil Nadu | Polymatech is an Indian semiconductor and opto-semiconductor manufacturer with in-house design, packaging, and assembly capabilities. |
| Industry & Market Position | Sector: Semiconductors / Opto-semiconductors · FY24 Revenue: ₹1,237.63 Cr · FY24 PAT: ₹240.96 Cr | Among the few Indian semiconductor manufacturing players in the unlisted space. |
| Revenue Growth Trend | Total income FY23–24: ₹1,23,763 L (₹1,237.63 Cr); ~90% YoY growth vs FY22–23 (~₹65,162 L) | Rapid scaling of operations with increased deployment across semiconductor product segments. |
| Profitability & Margins | PAT FY23–24: ₹240.96 Cr vs ₹167.77 Cr (FY22–23) · EPS ~31.41 (FY24) | Strong operating leverage, typical of manufacturing-led capacity expansion. |
| Cash Flow Quality | Operating Cash Flow (FY24): ₹253.87 Cr · Investing Cash Outflow (FY24): ₹477.2 Cr | Operating cash generation remains positive, while investing outflows reflect expansion capex. |
| Balance Sheet Strength | Total Assets (FY24): ₹1,616.02 Cr · Borrowings: ₹21.15 Cr · Reserves & Equity: ₹712.73 Cr · Share Capital: ₹79.69 Cr | Large asset base with low borrowings indicates modest leverage and financial strength. |
| Unlisted Valuation | ~₹1,943 Cr | Valuation reflects high-growth semiconductor manufacturing potential and pre-IPO expectations. |
| Management & Governance | Eswara Rao Nandam – Managing Director & CEO | Technically driven leadership spearheading domestic semiconductor manufacturing initiatives. |
| Growth Triggers & Catalysts | Manufacturing expansion (Chhattisgarh, Bahrain investments) · Planned IPO | Capacity expansion, global partnerships, and strong sectoral demand drive growth visibility. |
| Liquidity & Exit Visibility | Unlisted / Pre-IPO; DRHP filed earlier; IPO status pending | Liquidity limited in the unlisted market; primary exit anticipated via public listing. |
Polymatech Electronics Limited is an Indian semiconductor company specialising in opto-semiconductors (like LED chips) and related products. It's based in Tamil Nadu, with its main manufacturing plant in the SIPCOT Hi-Tech SEZ at Oragadam, near Chennai.
Started in 2007 (originally with Japanese and Malaysian partners), it was revived and taken over in 2018 by Indian promoters (Nandam family-led). It uses Japanese tech know-how for precision, combined with Indian manufacturing, making it a key part of India's push to build its own semiconductor industry.
What They Make & Sell
- Opto-semiconductor chips (COB, HTCC packages, etc.) used in:
- Lighting (LEDs)
- Displays
- Medical devices
- Horticulture (plant growth lights)
- Machine vision (cameras/sensors)
- LED luminaires (full lighting products)
- Moving up the chain: Packaging, assembly, and planning for more advanced chips like GaN (gallium nitride) for high-power/efficient uses.
They aim to be India's first major home-grown opto-chip maker, with exports and global ambitions.
Recent Performance (2024–2025)
Huge growth!
- FY24: Revenue jumped to ~₹1,200–1,237 crore (almost double from previous years).
- FY25: Consolidated revenue ~₹1,900–1,912 crore (up ~50–55% YoY in some reports; standalone ~₹723 crore).
- Strong profits: Net profit ~₹375 crore (consolidated FY25) or ~₹95 crore (standalone).
- Order book strong: Export orders worth ~₹7,000 crore lined up for execution over next 2 years.
- Expects to hit ~₹2,000 crore turnover in FY25, targeting $1 billion (~₹8,300 crore) revenue by 2026 with new production lines every 6 months.
Latest News (as of early February 2026)
- IPO Plans: Company is preparing for a massive ₹10,000 crore IPO in 2026 (much bigger than earlier ₹750 crore plan). Funds will go toward huge capacity expansion in India (Tamil Nadu + new GaN unit in Chhattisgarh) and overseas, plus moving into full electronics products (forward integration).
- Targeting ~₹1 lakh crore valuation (forward basis).
- Merchant bankers being finalized; draft papers (DRHP) expected to be filed this year (2026).
- No listing yet — still pre-IPO stage, but this could be one of India's biggest semiconductor listings if it happens.
- Expansion: New launches (advanced opto chips planned for late 2025/2026), global push (showcased at CES 2026), and vertical integration (from chips to finished products/supply chain).
Unlisted Share Price (Feb 2026)
- Trading around ₹75–₹82 per share (face value ₹2 after split).
- Lot size usually 500 shares.
- 52-week range: ~₹54 (low) to ₹125 (high).
- Seen as a high-growth play — price has risen with IPO buzz and revenue surge.
Why People Like Polymatech
- True "Make in India" semiconductor story — first domestic opto-chip player.
- Explosive revenue/profit growth.
- Big order book and export focus for stability.
- Government support is possible (PLI schemes for semiconductors).
- Huge upside if IPO happens and expansion succeeds.
Main Risks
- Very capital-heavy, needs billions for machines/plants (execution risk high).
- Competition from global giants (China, Taiwan, etc.).
- Supply chain issues (raw materials, wafers, and gases can get disrupted).
- In niche demand for some products, sales can be lumpy.
- Balance sheet concerns: Some reports note high receivables in FY25 (potential cash flow worry).
- IPO delay or valuation miss is possible.
Quick Summary
Polymatech is India's rising star in opto-semiconductors and LEDs, with massive growth (revenue doubling+ yearly) and ambitious plans for a ₹10,000 crore IPO in 2026 to fuel even bigger expansion. It's high-risk/high-reward perfect for believers in India's semiconductor dream, but watch the execution and global competition closely. Unlisted shares look exciting right now with the IPO momentum!
Promoters / Key Leadership
- Eswara Rao Nandam — Managing Director & CEO.
- Uma Nandam — Director.
- The company’s registered office: Plot No. 13, SIPCOT Hi-Tech SEZ, Oragadam, Kancheepuram, Tamil Nadu.
Click to visit the official website of Polymatech Electronics Ltd
Shareholding Pattern of Polymatech Electronics Ltd
| Name | Holding |
|---|---|
| SoftBank | 45% |
| Ritesh Agarwal (Promoter) | 31% |
| Other Investors | 17% |
| Lightspeed | 3% |
| Sequoia | 3% |
| Airbnb | 1% |
Promoters of Polymatech Electronics Ltd
- Eswara Rao Nandam — Managing Director & CEO.
- Uma Nandam — Director.
- The company’s registered office: Plot No. 13, SIPCOT Hi-Tech SEZ, Oragadam, Kancheepuram, Tamil Nadu.
Latest News
Latest Post
.webp)
Frequently Asked Questions
Polymatech Electronics Ltd unlisted shares refer to equity in a privately held electronics manufacturing company, specialising in custom components and PCB assemblies. They are not listed on exchanges like NSE or BSE and are available via private-market platforms such as UnlistedKraft.
Yes, UnlistedKraft provides access to verified deals in Polymatech Electronics Ltd unlisted shares. After you complete your KYC and place your order, shares are typically credited to your demat account, usually within 24 hours.
Unlisted share investments carry inherent risks like limited liquidity and lower public visibility. However, Polymatech operates in the industrial electronics sector with industry-standard certifications. Investing via UnlistedKraft ensures your transaction is secure, transparent, and verified.
The pricing is guided by recent private transactions, the company’s financial health, demand in the secondary market, and industry trends. UnlistedKraft regularly updates pricing to reflect a fair, current valuation.
Yes, an active demat account is required to receive and hold unlisted shares, including those of Polymatech Electronics Ltd.
There is no mandatory lock-in unless the company goes public. Investors typically hold their shares until a liquidity event such as an IPO or strategic acquisition for potential long-term returns.
Yes, UnlistedKraft offers resale support. You can sell your shares through our resale network, subject to buyer availability and prevailing market demand.
Yes. Under SEBI regulations, a six-month lock-in period applies to pre-IPO shares once the company gets listed on a public exchange.
If held for over two years, gains qualify as long-term capital gains taxed at 20% with indexation. Shares sold within two years are considered short-term and taxed as per your applicable income tax slab.
UnlistedKraft offers verified access to private share deals in companies like Polymatech Electronics Ltd, backed by transparent pricing, expert guidance, secure transactions, and fast delivery of shares to your demat account.
+91-9599071664
amit@unlistedkraft.in