Liotech Industries Ltd
Incorporated in 2020, Liotech Industries Limited is engaged in manufacturing of the hardware structures and accessories.
- Market Cap ₹ 36.4 Cr.
- Current Price ₹ 93.3
- High / Low ₹ 257 / 83.5
- Stock P/E 6.08
- Book Value ₹ 115
- Dividend Yield 0.00 %
- ROCE 48.4 %
- ROE 46.5 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.81 times its book value
- Company has delivered good profit growth of 192% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 50.7%
- Debtor days have improved from 52.8 to 41.8 days.
- Company's working capital requirements have reduced from 40.2 days to 22.0 days
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Capital Goods Industrial Products Other Industrial Products
Part of BSE SME IPO
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|
| 0.00 | 4.78 | 8.50 | 27.86 | 40.68 | 70.09 | 67.62 | |
| Sales growth | +77.82% | +227.76% | +46.02% | +72.30% | +15.31% | ||
| 0.03 | 4.38 | 7.61 | 23.41 | 34.02 | 60.10 | 57.79 | |
| Operating Profit | -0.03 | 0.40 | 0.89 | 4.45 | 6.66 | 9.99 | 9.83 |
| OPM % | 8.37% | 10.47% | 15.97% | 16.37% | 14.25% | 14.54% | |
| 0.00 | -0.01 | 0.03 | 0.01 | 0.02 | 0.41 | 0.55 | |
| Interest | 0.00 | 0.16 | 0.01 | 0.14 | 0.42 | 0.47 | 0.37 |
| Depreciation | 0.00 | 0.19 | 0.37 | 0.53 | 0.65 | 1.43 | 1.96 |
| Profit before tax | -0.03 | 0.04 | 0.54 | 3.79 | 5.61 | 8.50 | 8.05 |
| Tax % | 0.00% | -225.00% | 31.48% | 22.69% | 26.92% | 25.65% | |
| -0.03 | 0.13 | 0.37 | 2.93 | 4.11 | 6.32 | 5.99 | |
| EPS in Rs | -0.30 | 1.30 | 1.85 | 9.77 | 13.70 | 21.07 | 17.25 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 102% |
| TTM: | 15% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 192% |
| 3 Years: | 158% |
| TTM: | 1% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 48% |
| 3 Years: | 51% |
| Last Year: | 47% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 1.00 | 1.00 | 2.00 | 3.00 | 3.00 | 3.00 | 3.90 |
| Reserves | -0.03 | 0.10 | 0.47 | 3.28 | 7.43 | 13.75 | 40.81 |
| 0.06 | 1.74 | 1.38 | 3.55 | 4.22 | 5.66 | 2.15 | |
| 0.02 | 1.93 | 0.29 | 4.26 | 5.12 | 11.17 | 16.73 | |
| Total Liabilities | 1.05 | 4.77 | 4.14 | 14.09 | 19.77 | 33.58 | 63.59 |
| 0.35 | 2.18 | 2.36 | 4.04 | 6.60 | 12.58 | 11.13 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 10.20 |
| 0.70 | 2.59 | 1.78 | 10.05 | 13.17 | 21.00 | 42.26 | |
| Total Assets | 1.05 | 4.77 | 4.14 | 14.09 | 19.77 | 33.58 | 63.59 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 0.82 | -0.52 | 2.62 | 6.48 | |||
| -1.84 | -2.28 | -3.00 | -7.40 | |||
| 1.56 | 3.03 | 0.35 | 0.97 | |||
| Net Cash Flow | 0.54 | 0.23 | -0.03 | 0.05 | ||
| Free Cash Flow | -1.02 | -2.81 | -0.59 | -0.93 | ||
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 205% | 7% | 60% | 86% |
Ratios
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 77.89 | 28.34 | 63.67 | 53.03 | 41.76 | |
| Inventory Days | 35.21 | 44.46 | 71.43 | 79.93 | 60.52 | |
| Days Payable | 164.89 | 8.27 | 53.73 | 40.80 | 38.68 | |
| Cash Conversion Cycle | -51.80 | 64.53 | 81.36 | 92.15 | 63.60 | |
| Working Capital Days | -31.31 | 49.81 | 52.14 | 46.57 | 22.03 | |
| ROCE % | 10.85% | 16.44% | 57.46% | 49.18% | 48.41% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
- Liotech Industries schedules H1 FY27 earnings call and analyst meeting on 12 November 2026.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
- Liotech reports H1 FY27 revenue ₹3,363.84 lakh, PAT ₹353.61 lakh; received ₹6.46 crore orders.
-
Intimation Regarding Change In Corporate Identification Number (CIN) Pursuant To Alteration In The Main Object Clause Of The Company.
- Company changed its main object clause, updating CIN from L27100GJ2020PLC114008 to L25934GJ2020PLC114008.
-
Statement On Deviation Or Variation Of Funds Under Regulation 32 Of SEBI (LODR) Regulations, 2015.
- No deviation in IPO proceeds use for H1 FY2026; Rs. 3,602.90 lakh raised, Rs. 2,424.96 lakh utilized.
- Financial Result For The Half Year Ended On 30 September, 2026
Business Overview:[1][2]
LTIL is a Rajkot-based manufacturer of hardware structures and accessories, serving customers primarily through a business-to-business model. It manufactures and supplies a broad range of hardware accessories and engineering products.
In addition to its manufacturing activities, the company also undertakes trading of complementary products such as door aldrops, door kits, hinges, bolts, handles, locks and other hardware accessories