Technocraft Industries (India) Limited, incorporated in 1992, has established a significant presence across five core business industries: Drum Closures, Scaffolding Systems, Cotton Yarn, Fabric & Garments, and Engineering Services. The company boasts manufacturing facilities in both India and China. Founded in 1972 by two IIT graduates and technologists, S.K. Saraf and S.M. Saraf, Technocraft initially focused on manufacturing precision drum closures. Over the decades, it has evolved into a diversified industrial conglomerate with a global footprint, expanding from its specialized beginnings to operate across multiple sectors.
Demonstrating a strong export-oriented approach, Technocraft launched a major export drive in 1977 and was recognized as an export house by 1979. To facilitate its growing demand and international reach, the company expanded into the USA and Europe, establishing several foreign subsidiary companies. This strategic international expansion has been instrumental in its remarkable growth trajectory, transforming it from a single-product manufacturer into a multi-industry player with substantial global operations.
Technocraft Industries operates through several key business divisions, contributing to its diversified revenue streams.
Scaffolding Systems and Modular Formworks: The company manufactures advanced scaffolding systems and modular formworks, integrating in-house steel tube production. Its Aurangabad facility is equipped with a monthly capacity of 1,500 MT for extrusion and 60,000 sqm for formwork. This division also develops specialized solutions like self-climbing screen systems, heavy-duty posts, and shoring systems. The scaffolding and formwork segment is the largest revenue contributor, accounting for approximately 48% of the business in Q3 FY25.
Drum Closures: Leveraging its legacy expertise, Technocraft Industries has designed and developed proprietary technology for manufacturing drum closures. It also produces all its gaskets and clamps, offering a comprehensive range of drum closure products to its clientele. This foundational business continues to be a vital part of its operations, benefiting from the company's technical proficiency and established market presence.
Textile Division: This is another significant business vertical, producing a wide array of cotton yarn products, ranging from NE 20 to NE 40, in both carded and combed varieties. The company has further diversified its textile operations with an integrated division that manufactures yarn, fabric, and garments. Its facilities include capabilities for cotton yarn and melange yarn production, as well as knitting, dyeing, printing, and garment manufacturing.
Engineering Services: Technocraft offers broad-based engineering, designing, and information technology (IT) services, employing various client-partnership models for delivery. This segment highlights the company's capacity to provide comprehensive engineering solutions across different industries.
Technocraft Industries holds a substantial market presence, with a reported Market Capitalization of ₹6,565 Crore. Recent financial metrics underscore its operational scale and profitability. The company has an operating revenue of Rs. 2,485.85 Crore on a trailing 12-month basis. It has demonstrated a good annual revenue growth of 12%, a great pre-tax margin of 17%, and a good Return on Equity (ROE) of 15%.
The company maintains a healthy balance sheet, characterized by a reasonable debt-to-equity ratio of 8%, indicating financial stability. Key financial ratios from recent reports include a Stock P/E of 25.6, a Book Value of ₹772, a Dividend Yield of 0.72%, a Return on Capital Employed (ROCE) of 16.2%, and an ROE of 14.9%.
While recent quarterly performance has shown some challenges, with Technocraft Industries (India) Ltd's net profit falling by 30.33% year-on-year to ₹40.61 Crore in Q3 FY2024-25, the company continues to maintain operational efficiency across its diversified business portfolio.
The main management of Technocraft Industries (India) Ltd includes Sharad Saraf as Chairman and Neeraj Rai as Company Secretary. The company operates under the CIN number L28120MH1992PLC069252 and its registered office is located in Mumbai, Maharashtra.
Technocraft has a robust corporate structure with 10 subsidiaries, three of which are Indian, while the others are strategically located in the Middle East, Europe, USA, and Australia. This international subsidiary network underpins the company's global operations and market reach across diverse continents. Notable subsidiaries include Technosoft Engineering Projects Limited, Technocraft Fashions Limited, and Shivale Infra Products Private Limited, which enable focused operations within specific business segments while upholding the parent company's diversified approach.
The company successfully exports its garment products to markets in Europe, Asia, and Latin American countries, demonstrating its competitiveness in global markets and its adherence to international quality standards.
Technocraft's export capabilities are not limited to garments; its drum closure business has maintained a strong international presence since the late 1970s. This early global expansion has equipped Technocraft with extensive experience in managing international supply chains and meeting the diverse requirements of customers across various geographical regions.
Recent corporate actions include the approval of FY25 audited results and the recommendation of a ₹20 interim dividend, reflecting management's confidence in the company's financial health and its commitment to shareholder value. Additionally, secretarial auditors have been appointed for a five-year term.
The company maintains transparent communication with its stakeholders, evidenced by the sharing of an audio recording link for the Q4 FY25 financial results conference call. These regular earnings calls and investor communications exemplify strong corporate governance practices.
Technocraft Industries stands as a well-established industrial conglomerate with over five decades of operational experience. Despite encountering some recent quarterly fluctuations, its diversified business model, strong international presence, and healthy balance sheet position it as a significant entity in India's industrial manufacturing sector. The fusion of traditional manufacturing expertise with modern engineering capabilities provides a solid foundation for sustained long-term growth.
