Diffusion Engineers Limited (DEL) specializes in manufacturing welding consumables, wear plates, and heavy engineering machinery for industries like cement, steel, power, and mining. With over 40 years of experience, DEL has integrated its production process to enhance efficiency, reduce costs, and strengthen supply chain control. The company operates four manufacturing units in Nagpur and has expanded globally with subsidiaries and joint ventures across various countries. From 2021-2024, DEL saw strong growth with a 21% CAGR in operating income, driven by R&D investments and a focus on custom solutions for OEMs. Under the leadership of Prashant Garg, the company aims to expand its product line with corrosion-resistant powders and continue its international growth.

For the year/period ended (Rs. in Cr.)

For year/ period ended ( in Cr.)

• Synergistic business models focused on forward integration.
• Serving industry major players directly as well as through OEMs.
• Long-standing relationships with customers across industries.
• Consistent financial performance;

• Funding capital expenditure requirements towards Proposed Expansion of the existing manufacturing facility at Unit IV.
• Setting up of a new manufacturing facility at Hingna, Sonegaon District, Nagpur, Maharashtra

(“Proposed Facility”).

For general corporate purposes

The company’s revenue grew from INR 204.6 crore to INR 278.1 crore while PAT surged from INR 17 crore to INR 30.8 crore in last two fiscal years. The company’s valuation seems cheap considering upper price of INR 168 which provide valuation, i.e.  P/BV-3.25 and P/E-20.51. So we recommend to subscribe the IPO for long term gain.