Jagatjit Agri Engineering Limited
DRHP · filed 01 Oct 2026
This is a draft. SEBI has not cleared it, there is no final price yet, and it may never become an IPO.
Jagatjit Agri Engineering Limited manufactures agricultural equipment, including Super Seeder, Straw Reaper, and Laser Land Leveller, which contributed 64.40% of revenue in Fiscal 2026. The offer comprises a fresh issue of Rs 300 crore with no offer for sale. The company reported a revenue of Rs 413.97 crore and a profit after tax of Rs 31.39 crore in the latest fiscal year, with a revenue CAGR of 191.08%. Key risks include high revenue concentration from a limited number of flagship products and dependence on the broader agricultural equipment ecosystem, including tractor sales and government policies.
What stands out
Risk factor. A significant portion of revenue is derived from a limited number of flagship products, specifically Super Seeder, Straw Reaper, and Laser Land Leveller, which contributed 64.40% of revenue in Fiscal 2026 and 75.24% on a proforma basis in Fiscal 2025.
Risk factor. Demand for flagship products is dependent on the performance of the broader agricultural equipment ecosystem, including tractor sales, availability and cost of credit to farmers, and is further driven by product quality, innovative product design, competitive pricing, and government policies.
Primarily fresh capital. 100% of the offer is fresh issue, so most proceeds fund the company.
Strong revenue growth. Restated revenue CAGR of 191.1%.
Healthy return on equity. ROE of 44.3%.
How the offer is structured
Fresh issue
₹300 Cr
New capital into the company
OFS share
0%
- Funding working capital requirements of our Company₹110 Cr
- Funding the capital expenditure requirements of our Company towards expansion of Dehlon Manufacturing Facility₹71.7 Cr
- Repayment and/or prepayment, in part or full of certain borrowings availed by our Company₹18.5 Cr
- General corporate purposes
Restated financials
Revenue
₹414 Cr
Latest fiscal year
Profit after tax
₹31.4 Cr
Revenue CAGR
191.1%
Return on equity
44.3%
Debt / equity
1.76
PAT CAGR
254.2%
| Fiscal year | Revenue | EBITDA | PAT | Net worth |
|---|---|---|---|---|
| 2024 | ₹48.9 Cr | ₹6.8 Cr | ₹2.5 Cr | ₹0.5 Cr |
| 2025 | ₹95.9 Cr | ₹11.2 Cr | ₹6.5 Cr | ₹7.1 Cr |
| 2026 | ₹414 Cr | ₹62.0 Cr | ₹31.4 Cr | ₹70.9 Cr |
Promoters, litigation & related parties
Promoter (pre)
100.0%
Except as disclosed in this section and in accordance with the Materiality Policy set out hereunder, as on the date of this Draft Red Herring Prospectus, there are no outstanding (i) criminal proceedings (including FIR Stage even if no cognizance has been taken by the court) involving our Company, our Subsidiary, our Promoters or our Directors (“Relevant Parties”), our Key Managerial Personnel and Senior Management(ii) actions taken by (including all outstanding penalties and show cause notices) regulatory or statutory authorities against the Relevant Parties, our Key Managerial Personnel and Senior Management; (iii) claims related to direct and indirect taxes (disclosed in a consolidated manner giving the total number of claims and total amount involved) and material tax matters; and (iv) any other outstanding litigation as determined to be material as per the Materiality Policy in accordance with the SEBI ICDR Regulations in each case involving Relevant Parties; Further, except as disclosed below there are no outstanding disciplinary action including penalty imposed by SEBI or stock exchanges against the Promoters in the last five Fiscals including outstanding action. In accordance with the Materiality Policy, as on the date of this Draft Red Herring Prospectus, there is no pending litigation involving our Group Companies, which in accordance with the SEBI ICDR Regulations, would be considered to have a ‘material impact’, if an adverse outcome from such pending litigation would materially and adversely affect the business, prospects, operations, performance, financial position, cash flows or reputation of our Company
Risks the company discloses
A significant portion of revenue is derived from a limited number of flagship products, specifically Super Seeder, Straw Reaper, and Laser Land Leveller, which contributed 64.40% of revenue in Fiscal 2026 and 75.24% on a proforma basis in Fiscal 2025.(Revenue Concentration)
Demand for flagship products is dependent on the performance of the broader agricultural equipment ecosystem, including tractor sales, availability and cost of credit to farmers, and is further driven by product quality, innovative product design, competitive pricing, and government policies.(Market Demand)
A significant portion of revenue is derived from the domestic market, with sales in Northern states comprising 68.04% of revenue in Fiscal 2026 on a restated basis and 81.31% in Fiscal 2025 on a proforma basis.(Geographic Concentration)
Revenue from Central states comprised 25.95% of revenue in Fiscal 2026 on a restated basis.(Geographic Concentration)
The business model is significantly dependent on a limited number of flagship products, exposing the company to competitive pricing pressure, as other manufacturers or imported products target the same farmer base with similar specifications and features.(Competition)
Any disruption in the supply chain for flagship products, such as delays in delivery or quality issues, may impact the ability to meet customer demand and result in loss of sales.(Supply Chain)
Any non-compliance by suppliers with applicable laws and regulations, labour disruptions, capacity constraints, or logistical challenges may lead to production interruptions or delays in deliveries.(Supply Chain)
The demand for flagship products depends primarily on customer-related factors such as customer confidence in products and evolving customer preferences.(Customer Preferences)
How this document reads, dimension by dimension
Each bar is a fixed formula applied to the figures shown above, scored 0–100. This is a reading of what the company disclosed — not a recommendation to apply or avoid, not a price target, and not a prediction of listing performance. Dimensions that could not be extracted are excluded rather than assumed, so coverage varies between documents.

