Readymix Construction Machinery Ltd. is gearing up for its Initial Public Offering (IPO), creating a buzz among investors. As a well-established player in the construction equipment industry, the company is set to list on the NSE SME. In this blog, we will explore the Readymix Construction Share Price Target from 2025 to 2040, along with key company details, financials, and peer comparisons.
Readymix Construction IPO Details
| Detail | Information |
|---|---|
| Issue Type | Public Issue (Book Building) |
| Issue Size | ₹37.66 Crores |
| Fresh Issue | 30.62 Lakhs shares |
| Price Band | ₹121 – ₹123 per share |
| Face Value | ₹10 per share |
| Lot Size | 1,000 Shares |
| Minimum Investment | ₹1,23,000 |
| Listing Exchange | NSE SME |
| IPO Open Date | February 6, 2025 |
| IPO Close Date | February 10, 2025 |
| Listing Date | February 13, 2025 |
The IPO has gained strong interest, with a 1.64x subscription as of the second day, signaling strong demand from investors.
Readymix Construction Company Information
Founded in 2008, Readymix Construction Machinery Ltd. is headquartered in Pune, Maharashtra. The company specializes in the manufacturing and supply of construction machinery such as dry mix mortar plants, wall putty plants, and high-capacity silos.
Core Business Areas
| Segment | Description |
|---|---|
| Manufacturing | Produces construction machinery, including batching plants and dry mix mortar plants. |
| Turnkey Solutions | Offers design, development, installation, and maintenance services. |
| After-Sales Services | Provides AMC (Annual Maintenance Contract) and plant layout consultancy. |
Readymix has an extensive dealer network across India and is committed to innovation, quality, and sustainability.
Readymix Construction Business Overview
Product Range
Readymix Construction Machinery Ltd. manufactures a variety of construction and infrastructure equipment, including:
- Dry Mix Mortar Plants
- Wall Putty Plants
- Plaster Sand Plants
- High-Capacity Silos
- Bulk Filling Terminals
- Thermoplastic Paint Manufacturing Plants
Manufacturing Excellence
The company is known for its high-quality engineering solutions and tailor-made products. It has a team of technicians, engineers, and designers who ensure premium-quality output for the construction sector.
Readymix Construction Financials
The company has shown strong financial growth, with revenue and profits increasing significantly over the years.
| Particulars | FY2023 | FY2024 |
|---|---|---|
| Revenue (₹ Crore) | ₹55.01 | ₹69.84 |
| Net Profit (₹ Crore) | ₹2.78 | ₹9.28 |
| Total Assets (₹ Crore) | – | ₹52.43 |
| ROE (Return on Equity) | – | 65.90% |
| ROCE (Return on Capital Employed) | – | 48.96% |
The company is nearly debt-free, making it financially stable and attractive for investors.
Readymix Construction Shareholding Pattern
After the IPO, Readymix Construction Machinery Ltd.’s ownership structure will look as follows:
| Investor Category | Post-IPO Holding (%) |
|---|---|
| Promoters | 72.06% |
| Qualified Institutional Buyers (QIBs) | 19.01% |
| Non-Institutional Investors (NIIs) | 14.27% |
| Retail Individual Investors (RIIs) | 33.25% |
| Anchor Investors | 28.45% |
The company was 100% promoter-owned before the IPO, indicating a strong belief in its long-term potential.
Readymix Construction Share Price Target (2025-2040)
Considering an estimated 20% yearly growth from the listing price, here is the potential share price forecast:
| Year | Projected Share Price (₹) |
|---|---|
| Readymix Construction Share Price Target 2025 | ₹147 – ₹150 |
| Readymix Construction Share Price Target 2026 | ₹176 – ₹180 |
| Readymix Construction Share Price Target 2027 | ₹210 – ₹216 |
| Readymix Construction Share Price Target 2028 | ₹252 – ₹260 |
| Readymix Construction Share Price Target 2029 | ₹302 – ₹312 |
| Readymix Construction Share Price Target 2030 | ₹362 – ₹374 |
| Readymix Construction Share Price Target 2040 | ₹2,245 – ₹2,300 |
These projections are based on financial growth trends and industry performance. However, market conditions and company performance may impact these targets.
Readymix Construction Peer Comparison
Readymix Construction competes with several established players in the construction equipment sector.
| Company Name | LTP (₹) | P/E Ratio | Market Cap (₹Cr) | Net Profit (₹Cr) |
|---|---|---|---|---|
| Readymix Construction | 123 (IPO Price) | – | – | 9.28 |
| LMW Ltd | 15,539.2 | 121.87 | 16,907.61 | 147.88 |
| Tega Industries Ltd | 1,528.8 | 66.06 | 9,956.04 | 30.95 |
| Azad Engineering Ltd | 1,490.35 | 127.26 | 8,899.17 | 21.07 |
Readymix Construction’s valuation appears attractive when compared to some of its peers.
FAQs
1. What is the Readymix Construction Share Price Target for 2025?
The expected price for 2025 is ₹147 – ₹150, assuming 20% growth from the listing price.
2. What does Readymix Construction Machinery Ltd. manufacture?
The company produces construction machinery such as dry mix mortar plants, silos, and batching plants.
3. What is the financial outlook of Readymix Construction?
The company has seen strong revenue growth, from ₹55.01 Cr in FY23 to ₹69.84 Cr in FY24, with profit rising from ₹2.78 Cr to ₹9.28 Cr.
4. Is Readymix Construction Machinery Ltd. a profitable company?
Yes, the company is profitable, with a Return on Equity (ROE) of 65.90%.
5. What are the risks of investing in Readymix Construction?
- SME stocks tend to be volatile.
- Growth depends on construction industry demand.
- Competition from larger industry players.
Final Word
Readymix Construction Machinery Ltd. is an exciting investment opportunity in the construction equipment sector. The Readymix Construction Share Price Target suggests steady growth potential, backed by strong financials and an expanding market presence.
However, investors should consider market risks and conduct their own research before investing. The company’s IPO performance and financial stability will be key factors in determining its future stock value.
Would you consider investing in Readymix Construction? Share your thoughts in the comments! 🚀
