LIOTECH INDUSTRIES LIMITED
Event Details
The management of Liotech Industries Limited will be interacting with Investors/Analysts in a virtual meeting on Thursday, 12th November 2026 at 11:00 AM. The discussions are based on generally available information and not related to any Unpublished Price Sensitive Information (UPSI). The schedule is subject to change due to exigencies.
Company Overview
Liotech Industries Limited, based in Rajkot, Gujarat, manufactures precision hardware structures and accessories including door kits, hinges, hooks, aldrops, locks, handles, and bolts. The Company operates on a B2B model, catering to the housing, infrastructure, and engineering sectors. Incorporated in 2020, the company is ISO 9001:2015 certified and has market presence in 9 States & Union Territories with 150+ product specifications.
Manufacturing Capabilities
- Location: Shapar, Rajkot, Gujarat
- Total Area: 12,632 sq ft
- Installed Capacity: 2,458.56 MTPA
- Certifications: ISO 9001:2015, UK CPD/CPR
- Manufacturing Processes: Power Press, Injection Moulding, Buffing, Welding, and Auto Clamping
- Materials Handled: Mild Steel, Stainless Steel, Brass, Aluminium, and Iron
H1 FY27 Financial Performance (In ₹ Cr)
| Particulars | H1 FY27 | H1 FY26 | YoY Change |
| Revenues | 33.64 | 36.11 | |
| Other Income | 0.28 | 0.14 | |
| Total Income | 33.92 | 36.25 | (6.42%) |
| Raw Material Costs | 27.01 | 29.22 | |
| Employee Costs | 0.81 | 0.67 | |
| Other Expenses | 0.17 | 0.42 | |
| Total Expenditure | 27.99 | 30.30 | |
| EBITDA | 6.21 | 5.70 | 8.95% |
| Finance Costs | 0.13 | 0.23 | |
| Depreciation | 1.08 | 0.55 | |
| PBT | 4.72 | 5.16 | |
| Tax | 1.18 | 1.30 | |
| Net Profit | 3.54 | 3.71 | (4.58%) |
| Diluted EPS (₹) | 9.08 | 12.89 | |
Historical Financial Performance (In ₹ Cr)
| Particulars | FY24 | FY25 | FY26 |
| Revenues | 27.86 | 40.68 | 70.09 |
| Other Income | 0.01 | 0.01 | 0.41 |
| Total Income | 27.87 | 40.69 | 70.50 |
| Raw Material Costs | 22.28 | 32.65 | 57.67 |
| Employee Costs | 0.95 | 1.21 | 1.93 |
| Other Expenses | 0.18 | 0.26 | 0.50 |
| Total Expenditure | 23.41 | 34.12 | 60.10 |
| EBITDA | 4.47 | 6.58 | 10.80 |
| Finance Costs | 0.14 | 0.32 | 0.47 |
| Depreciation | 0.53 | 0.65 | 1.43 |
| PBT | 3.79 | 5.60 | 8.50 |
| Tax | 0.86 | 1.49 | 2.18 |
| Net Profit | 4.31 | 6.42 | 10.65 |
| Diluted EPS (₹) | 10.42 | 13.69 | 21.07 |
Balance Sheet Position (In ₹ Cr)
| Equities & Liabilities | FY24 | FY25 | FY26 | Assets | FY24 | FY25 | FY26 |
| Equity | 3.00 | 3.00 | 3.00 | Fixed Assets | 4.04 | 6.60 | 12.58 |
| Reserves | 3.28 | 7.43 | 13.75 | Inventories | 4.36 | 7.15 | 9.56 |
| Net Worth | 6.28 | 10.43 | 16.75 | Trade Receivables | 4.86 | 5.91 | 8.02 |
| Long Term Borrowing | 1.97 | 1.30 | | Cash & Bank Balance | 0.25 | 0.01 | 0.07 |
| Deferred Tax Liability | 0.01 | 0.07 | 0.12 | Other Current Financial Assets | 0.58 | 0.09 | 3.30 |
| Current Borrowings | 1.57 | 2.92 | 5.66 | Other Current Assets | - | - | 0.06 |
| Trade Payables | 3.28 | 3.65 | 6.11 | | | | |
| Short Term Provisions | 0.96 | 1.39 | 2.00 | | | | |
| Other Current Liabilities | 0.02 | 0.01 | 2.94 | | | | |
Cash Flow Statement (In ₹ Cr)
| Particulars | FY24 | FY25 | FY26 |
| Cashflow from Operations | (0.52) | 2.62 | 6.48 |
| Cashflow from Investments | (2.28) | (3.20) | (7.40) |
| Cashflow from Financing | 3.03 | 0.35 | 0.97 |
Regional Revenue Breakdown (In ₹ Cr)
| Particulars | H1 FY27 | % | FY26 | % | FY25 | % | FY24 | % |
| West | 13.90 | 41.32% | 35.43 | 50.55% | 21.05 | 51.74% | 19.16 | 68.77% |
| North | 0.17 | 0.51% | 0.42 | 0.60% | 0.66 | 1.62% | 0.49 | 1.75% |
| South | - | - | - | - | - | - | - | - |
| East | 19.57 | 58.17% | 34.43 | 49.12% | 18.97 | 46.64% | 8.21 | 29.48% |
| Total | 33.64 | 100.00% | 70.09 | 100.00% | 40.68 | 100.00% | 27.86 | 100.00% |
Customer Concentration (In ₹ Cr)
| Particulars | H1 FY27 | % | FY26 | % | FY25 | % | FY24 | % |
| Top 1 Customer | 6.21 | 9.58% | 10.13 | 14.45% | 5.85 | 14.38% | 4.43 | 15.89% |
| Top 5 Customers | 25.22 | 38.90% | 49.48 | 70.59% | 24.91 | 61.25% | 19.34 | 69.40% |
| Top 10 Customers | 33.41 | 51.53% | 68.30 | 97.44% | 37.19 | 91.43% | 27.27 | 97.87% |
Management Commentary
Management stated that during H1 FY27, the company continued to focus on expanding its hardware manufacturing business, catering to diverse customer requirements and strengthening operational capabilities. The East region remained the largest market, accounting for 58.17% of total revenue, followed by the West region at 41.32%. The company intends to build on its existing manufacturing base by broadening customer reach, enhancing production capabilities, and exploring new opportunities across product segments to support sustainable business growth.
Competitive Strengths
- Experienced & Qualified Team: Led by seasoned promoters with over a decade in hardware industry
- Compliance With Quality Standards: ISO 9001:2015 certified manufacturing unit with UK & EU CPD/CPR certification
- Wide Range of Products: 150+ hardware & engineering products
- Own Brand Business Model: Sale of products under its own brand name
- Strategic Location: Rajkot plant ensures cost efficiency and fast delivery
- Long-Term Customer Relationships: Top 10 customers contribute significant portion of revenue
Future Strategy
- Increase order-taking appetite by augmenting working capital base
- Enhance production and product quality through process optimization
- Expand geographical network beyond current 9 states
- Upgrade manufacturing unit through infrastructural development
- Improve debt-equity ratio through loan repayment
Key Personnel
- Mr. Hiteshbhai Mansukhbhai Bhuva - Managing Director
- Mrs. Hetal Hitesh Bhuva - Non-Executive Director
- Chief Financial Officer - [Name not provided]
- Mr. Mihir Narayanbhai Vyas - Non-Executive Independent Director
- Mr. Amar Manohar Petiwale - Non-Executive Independent Director
- Ms. Pooja Nakul Jain - Company Secretary & Compliance Officer
Market Context
The Indian Furniture Hardware Market is projected to reach US$5.75 Bn by 2030, growing at a 9.77% CAGR during 2026-2031.