amit@unlistedkraft.in
+91-9599071664
+91-9599071664
San Engineering and Locomotive Company Unlisted Shares
DRHP Status : Not Filed
845
Fundamentals About San Engineering and Locomotive Company
Downloads & Investor Documents
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Key Financials of San Engineering and Locomotive Company
| P&L Statement | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue | 137 | 200 | 226 | 266 |
| Cost of Material Consumed | 73 | 102 | 114 | 155 |
| Change in Inventory | -9 | 1 | -4 | -15 |
| Gross Margins | 46.72 | 49 | 49.56 | 47.37 |
| Employee Benefit Expenses | 31 | 34 | 39 | 40 |
| Other Expenses | 25 | 33 | 37 | 42 |
| EBITDA | 17 | 30 | 40 | 44 |
| OPM | 12.41 | 15 | 17.7 | 16.54 |
| Other Income | 1.6 | 2.5 | 5 | 29 |
| Finance Cost | 1 | 1 | 1 | 2.4 |
| D&A | 6 | 6 | 6 | 6.2 |
| EBIT | 11 | 24 | 34 | 37.8 |
| EBIT Margins | 8.03 | 12 | 15.04 | 14.21 |
| PBT | 12 | 26 | 37 | 64 |
| PBT Margins | 8.76 | 13 | 16.37 | 24.06 |
| Tax | 4 | 7 | 9 | 13 |
| PAT | 8 | 19 | 28 | 51 |
| NPM | 5.84 | 9.5 | 12.39 | 19.17 |
| EPS | 17.98 | 42.7 | 62.92 | 114.61 |
Financial Ratios |
2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Operating Profit Margin | 12.41 | 15 | 17.7 | 16.54 |
| Net Profit Margin | 5.84 | 9.5 | 12.39 | 19.17 |
| Earning Per Share (Diluted) | 17.98 | 42.7 | 62.92 | 114.61 |
| Assets | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Fixed Assets | 45 | 42 | 50 | 45 |
| CWIP | 0.02 | 1.6 | 0 | 0 |
| Investments | 40 | 43 | 40 | 33 |
| Trade Receivables | 64 | 82 | 107 | 104 |
| Inventory | 62 | 72 | 79 | 94 |
| Other Assets | 48.98 | 52.4 | 57 | 98 |
| Total Assets | 260 | 293 | 333 | 374 |
| Liabilities | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Share Capital | 4.45 | 4.45 | 4.45 | 4.45 |
| FV | 10 | 10 | 10 | 10 |
| Reserves | 197 | 215 | 242 | 288 |
| Borrowings | 0.07 | 0 | 0 | 0 |
| Trade Payables | 19 | 29 | 47 | 42 |
| Other Liabilities | 39.48 | 44.55 | 39.55 | 39.55 |
| Total Liabilities | 260 | 293 | 333 | 374 |
About Company
As of early 2026, San Engineering and Locomotive Company Limited unlisted shares are trading around ₹850 per share. The company, established in 1969, is a prominent manufacturer of locomotives, power packs, and gearboxes with strong financial performance, reporting a Net Sales turnover of ₹2,663.09 Million for FY2024-25
The following table shows a 10-point analysis of San Engineering and Locomotive Company Limited. We will discuss each point in detail after this table.
| Parameter | Key Numbers | Insights |
|---|---|---|
| Business Overview | Incorporated 1973 | Manufacturer of locomotives and railway equipment |
| Industry | Railways · Industrial Engineering | Operates in rail mobility and engineering solutions |
| Core Products | Locomotives · gearboxes · power packs | Supplies to railways and industrial clients |
| Manufacturing | Bengaluru-based facility | Strong in-house engineering and manufacturing |
| Revenue | ₹314.5 Cr (FY25) | Steady growth vs FY24 |
| Profitability | ₹50.7 Cr PAT (FY25) | Strong jump YoY |
| EBITDA | Healthy operating performance | Supported by execution and product mix |
| Order Book | ₹400 Cr+ backlog | Provides near-term revenue visibility |
| Debt Position | Low to moderate | Comfortable financial structure |
| Outlook | Rail capex driven | Growth linked to railway and infra demand |
Company Overview
(i) San Engineering and Locomotive Company Limited is a railway engineering company engaged in manufacturing locomotives, power packs, gearboxes, and other rail equipment.
(ii) Incorporated in 1973 and headquartered in Bengaluru, the company has over five decades of experience in locomotive and rail engineering solutions.
(iii) Its product portfolio includes diesel locomotives, diesel-electric tower cars, rail vehicles, gear systems, and railway components, catering to both industrial and railway applications.
(iv) The company supplies to Indian Railways and industrial clients, with a focus on customized engineering and long-term contracts.
(v) With increasing railway modernization and infrastructure spending, the company is positioned to benefit from growing demand in rail mobility and engineering sectors.
Challenges in San Engineering and Locomotive Company Limited’s Business
- Dependence on railway capex cycle: Revenue is closely linked to government and infrastructure spending.
- Working capital intensive operations: Project-based execution leads to longer receivable cycles.
- Raw material and cost pressures: Steel and component price fluctuations impact margins.
- Order concentration risk: Dependence on a few large contracts can affect revenue stability.
Financial Review of San Engineering and Locomotive Company Limited
Here are some highlights of the financial performance of San Engineering and Locomotive Company Limited over the past few years.
FY25 Performance
• Revenue from operations stood at ₹314.5 crore
• Profit before tax stood at ₹64.2 crore
• Profit after tax reported at ₹50.7 crore
• EPS improved to ₹113.66 per share
FY24 Performance
• Revenue from operations stood at ₹267.6 crore
• Profit before tax stood at ₹37.0 crore
• Profit after tax reported at ₹27.9 crore
• Strong improvement driven by execution
FY23 Performance
• Revenue from operations stood at ₹200 crore
• Profit before tax stood at ₹26 crore
• Profit after tax reported at ₹19 crore
• Growth supported by order inflows
Quick Summary
San Engineering and Locomotive Company Limited is a well-established railway engineering company with strong domain expertise and improving financial performance. The company has demonstrated consistent growth in revenue and profitability, supported by a healthy order book, though it remains dependent on the railway capex cycle.
Click here to visit the official website of San Engineering and Locomotive Company Limited.
Promoters of San Engineering and Locomotive Company Limited
The following are the active promoters/leadership associated with the company:
| Name | Designation | Promoter Group |
|---|---|---|
| Promoters | Promoter | Promoter Group |
Shareholding Pattern of San Engineering and Locomotive Company
| Name | Holding |
|---|---|
| Mr. Milind S. Thakker | 45% |
| Sonmil Engineering Pvt. Ltd., | 31% |
| Importex International Pvt. Ltd., | 17% |
| Anjana M Thakker | 3% |
| Other | 1% |
Promoters of San Engineering and Locomotive Company
| Name | Designation | Experience | Linkedin Profile |
|---|---|---|---|
| Milind S Thakkar | Chairman | 30+ |  |
| Ramanathan Narayanan | MD & CEO | 40+ | |
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Frequently Asked Questions
San Engineering and Locomotive Company Limited unlisted shares are equity shares of the company that are not listed on NSE or BSE and are traded privately.
Yes, San Engineering and Locomotive Company Limited unlisted shares can be purchased through private market platforms, subject to availability.
Yes, a demat account is required to hold San Engineering and Locomotive Company Limited unlisted shares.
San Engineering and Locomotive Company Limited has strong operational performance but is dependent on railway demand cycles, making it a moderate-risk investment.
Yes, San Engineering and Locomotive Company Limited unlisted shares can be sold in the secondary market depending on buyer availability.
Yes, as per SEBI regulations, pre-IPO investors are subject to a six-month lock-in period after listing.
If held for more than two years, gains are taxed at 20% with indexation; otherwise taxed as per income slab.
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