Company Overview

Abhishek Integrations Ltd, promoted by Mr. Sanjay Dubey, commenced its business in the name of Abhishek Associates as a proprietorship firm in the year 2002. The company has evolved from a proprietorship firm to a publicly listed entity, demonstrating steady growth in the infrastructure and engineering sector. During the first quarter of FY2022, the company successfully completed its Initial Public Offer (IPO) of shares. It issued and allotted 3,010,785 equity shares of ₹10 each at a premium of ₹40 per share through the SME platform on the National Stock Exchange of India (NSE). Subsequently, the allotted shares were listed on the NSE on June 21, 2021.

Abhishek Integrations Ltd was established in 2002 as a proprietorship firm engaged in telecommunications and cable works. The business expanded to include electrical works at railway platforms, LT/HT substations in various locations, and fire-fighting solutions systems over subsequent years. In 2017, the firm was registered as a company, taking over the activities and assets of Abhishek Associates.

Business Operations and Services

Abhishek Integrations Ltd operates as a specialized engineering solutions provider focusing on critical infrastructure development. The Company is engaged in the development, operation, and maintenance of high-tension (HT) and low-tension (LT) electrical and mechanical systems, including installation at airport terminal buildings. It also focuses on the installation and maintenance of firefighting solutions as a system integrator, operation and maintenance of ground lighting systems/airfield lighting systems, operating and maintaining baggage handling systems, water distribution systems, substations including perimeter light fittings at airports, and LT switchgear at various government departments in India.

The company has diversified its operations beyond airport infrastructure. It is also involved in the field of distribution and coal trading. This diversification strategy helps reduce dependency on a single sector while expanding revenue streams.

Its clients include Airports Authority of India (AAI), Indian Space Research Organization (ISRO), Bhabha Atomic Research Centre (BARC), Indian Institute of Management (IIM), Indian Institute of Technology (IIT), Indian Railways, and others. This prestigious client base demonstrates the company's capability to handle complex and critical infrastructure projects.

Market Performance and Financial Metrics

As of April 17, 2025, 03:31 PM, the market capitalization of Abhishek Integrations Ltd stood at ₹39.75 Cr. The stock has shown significant volatility. The 52-week low for Abhishek Integrations share price was ₹33.50 and the 52-week high was ₹115.20. Over the past 6 months, the Abhishek Integrations share price has decreased by 9.96%, and in the last one year, it has increased by 96.14%.

The company's financial performance shows a steady growth trajectory. Abhishek Integrations has an operating revenue of ₹70.34 Cr on a trailing 12-month (TTM) basis. Recent figures indicate Revenue: ₹26.4 Cr and Profit: ₹1.03 Cr, reflecting the company's current operational scale.

Key financial ratios include:

• Return on Equity (ROE): 8% (considered fair but needs improvement)

• Price-to-Earnings (PE) Ratio: 59.77

• Price-to-Book (PB) Ratio: 0.23 (as of April 17, 2025, 03:31 PM)

Recent Financial Performance

The company has been reporting consistent profitability.

• Profit (TTM): ₹1.02 Crs

• Profit (Mar 2024): ₹0.77 Crs

• Profit (Mar 2023): ₹0.67 Crs

This demonstrates a positive growth trend in earnings over the past three years.

However, the company faces some working capital challenges.

• Net Debt: ₹7.45 Crs as of March 2025, an increase from ₹4.45 Crs in March 2024.

• Debtor Days: Increased from 43.8 to 54.1 days.

Recent business developments include:

• Abhishek Integrations Limited has been awarded a two-year maintenance contract for Aurangabad Airport valued at ₹131.03 lakhs.

• The company reported a slight revenue growth of 6% and a net profit increase of 4% year-on-year.

Shareholding Pattern and Corporate Governance

• Promoter Holding: Increased to 67.72% as of March 2025 from 67.72% as of March 2024. This stable promoter holding indicates strong management confidence and commitment to the company's long-term growth.

• Leadership: Mr. Sanjay Dubey serves as Chairman and Company Secretary. The management team possesses extensive experience in the infrastructure and engineering sector.

Corporate Structure and Operations

• Stock Exchange Listings:

_ BSE Code: [Insert BSE Code if known, otherwise leave blank or state 'Not specified']

_ NSE Symbol: AILIMITED \* ISIN: INE0CAJ01017

• Registered Office: 801, Venus Benecia, Pakvan Dining Lane, Opp. Rajpath Club, S G Highway, Bodakdev, Ahmedabad-380053, Gujarat.

The company has established itself as a reliable partner for government and institutional clients. Abhishek Integrations Limited (AIL) is recognized for its trust, quality standard services, and unshakable commitments, handled by dedicated people. With vast experience in the Services & Projects sector, AIL has consistently delivered quality work to its esteemed clients, many of whom are reputed government departments.

Looking ahead, the company continues to focus on expansion and diversification. Future plans emphasize innovation, market expansion, and sustainability to embrace new opportunities and build a brighter future.

Investment Considerations

• Technical Standing: The stock is comfortably placed above its key moving averages, approximately 38% and 24% from the 50-day moving average (DMA) and 200-day moving average (DMA), respectively.

• Dividend Policy: The company appears to pay a very low dividend, and investors should examine how profits are being allocated.

• Sector Stability vs. Growth: The company operates in the specialized infrastructure sector with government clients, which provides stability but may limit growth potential compared to companies focused on the private sector.

• Diversification Risks: Diversification into coal trading and other segments shows management's intent to expand beyond traditional engineering services, though this also introduces additional sector-specific risks.