Polymatech Electronics Pvt Ltd
| Market Cap | ₹0Cr. | Stock P/E | 12.4 |
| Current Price | ₹70 | Book Value | ₹₹ 19.9 |
| Lot Size | 1000 | 52W Low | ₹ |
| 52W High | ₹₹ 163 | Demat Account | NSDL\CDSL |
| EPS | 6.03 | ISIN | INE0OLN01029 |
| Debt to Equity | 0.03 | Valuation | ⭐⭐⭐⭐ |
| Face Value | 2 | No. of Shares | 39.84Cr |
Description
| Buy Price | Minimum Quantity | Amount |
|---|---|---|
| ₹ 60 | 1000 | ₹ 60000 |
| Sell Price | Minimum Quantity | Amount |
|---|---|---|
| ₹ 70 | 1000 | ₹ 70000 |
Company Overview:
Company Overview
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Established: In May 2007 as an Indian subsidiary of Japan-based Polymatech Company Ltd (51%) and Polymatech (Malaysia) Sdn Bhd (49%).
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Pioneering Role: Recognized as India’s first semiconductor chip manufacturer with operations in Oragadam, Kancheepuram, Tamil Nadu.
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Acquisition: In August 2018, the company was acquired by the Nandam family (Eswara Rao Nandam & Uma Nandam) via a share purchase agreement.
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Product Portfolio & Capabilities
Polymatech leverages advanced Japanese semiconductor tech across a range of products:
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Semiconductor Chips: Including microcontrollers, wireless, logic, memory, and LED chips for applications in automotive, mobile, computing, IoT, communications, and data centers .
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Opto-Semiconductors: Used in lighting, medical, food sanitization; manufactured using HTCC and Chip-on-Board (COB) packaging technologies, giving >97% Color Rendering Index (CRI) .
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Innovative Lighting Products: The Ravaye™ horticulture LED grow lights (full-spectrum and monochromatic) are tailored for greenhouse and vertical farming applications.
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Leadership & Structure
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Promoters: Leadership is spearheaded by Eswara Rao Nandam (Founder / President) and Uma Nandam, supported by Japanese CTOs and board members enhancing technical acumen .
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Corporate Identity: Polymatech Electronics Limited is currently in IPO registration stage, operating as a private equity–backed entity with ~20 employees .
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Subsidiary: Polymatech Interstellar Private Limited, incorporated in August 2020 in Chennai, operates under the same leadership and is active in unlisted semiconductor product and service operations, with ₹50 crore authorized and ₹47.56 crore paid-up capital
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Shareholding Breakdown (as of March 2024)
According to data compiled up to the fiscal year ending March 31, 2024:
| Shareholder | Holding (%) |
|---|---|
| Eswara Rao Nandam | 41.57% |
| Uma Nandam | 38.07% |
| Others | 20.36% |
Announcement and News
MC Exclusive: India’s first opto-semiconductor maker Polymatech may launch IPO in April
Polymatech IPO: The issue size is expected to be about Rs 750-1,000 crore and the price band may be between Rs 680-750 per share
Polymatech, India’s first opto-semiconductor chips manufacturer, is eyeing an IPO debut in April this year if it gets the regulator’s nod. The issue size is expected to be about Rs 750-1,000 crore and the price band may be between Rs 680-750 per share, sources aware of the matter told Moneycontrol on the condition of anonymity.
Polymatech Electronics is trading at Rs 860 per share in the unlisted market, according to Unlisted Arena.
Polymatech had filed draft documents with the Securities and Exchange Board of India in October 2023, to raise Rs 750 crore via an IPO. According to DRHP, the offer will be entirely a fresh issue of shares and there will be no offer-for-sale (OFS) component. The company plans to use the IPO proceeds to buy new machinery for its existing facility in Tamil Nadu.
It has a unit in Tamil Nadu’s Oragadam, with a capacity of 300 MPA chips, offering efficiency and economies of scale. The company is also working on setting up a second plant in Krishnagiri again in Tamil Nadu, acquired as a “Built to Suit” (BTS) property through a sale deed dated August 22, 2023.
Financial Data (IN CR.)
| YEAR | 2024 | 2023 | 2022 |
|---|---|---|---|
| NET SALES | 1220.7 | 649 | 125.9 |
| TOTAL INCOME | 1237.6 | 649.7 | 126.4 |
| NET PROFIT | 240.1 | 166.8 | 34.8 |
| SHAREHOLDERS FUND | 792.4 | 324.5 | 76.3 |
| TOTAL ASSETS | 1616 | 387.8 | 137.6 |
| EPS | 6.03 | 4.19 | 0.87 |
Financial Docs
Profit and Loss (IN CR.)
| Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| Revenue | 12.59 | 64.90 | 1,220.67 |
| Cost Of Material Consumed | 9.824 | 45.0637 | 780.23 |
| Gross Margin | – | – | – |
| OPM | – | – | – |
| Other Income | 0.55 | 0.65 | 16.96 |
| Other Expenses | – | – | 189.09 |
| Depreciation & Amortization | 3.16 | 16.05 | 50.17 |
| Profit before tax | 34.80 | 166.78 | 270.84 |
| Net Profit Margin | (~27.6%) | (~25.8%) | (~19.8%) |
| EPS in Rs | 5.48 | 23.34 | 30.24 |
| Finance Cost | 2.46–3.24 | 3.24 | 0.13 |
Balance Sheet (IN Cr.)
| Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|
| Share Capital | 63.46 | 71.88 | 79.69 |
| Reserves | 12.88 | 252.59 | 712.73 |
| Borrowings | ~45.52 | ~43.47 | ~21.15 |
| Other Liabilities | ~15.76 | ~19.88 | ~772.39 |
| Total Liabilities | ~137.62 | ~387.82 | ~1,616.05 |
| Fixed Assets | 90.30 | 154.62 | 446.32 |
| CWIP | 0 | 0 | 0 |
| Investments | 0 | 0 | 138.77 |
| Other Assets | 46.78 | 233.20 | 1,030.96 |
| Total Assets | ~137.62 | ~387.82 | ~1,616.05 |