Laser Power and Infra Limited
RHP · filed 10 Jul 2026
Laser Power and Infra Limited manufactures power cables and conductors, which contributed 72.70%, 72.25% and 87.43% of its Revenue from Operations in Fiscals 2026, 2025 and 2024. The offer comprises a fresh issue of 5420 crore and an offer for sale of 2000 crore, representing 26.95% of the post-issue paid-up capital. The company has a debt-to-equity ratio of 1.14 and faces high material risks related to customer concentration, business segment concentration, and dependence on government expenditure for transmission and distribution projects.
What stands out
Risk factor. Our business largely depends on our top 10 customers, which contributed 72.14%, 68.87% and 53.37% of our Revenue from Operations in Fiscals 2026, 2025 and 2024. The loss of any of these customers could have an adverse effect on our business, financial condition, results of operations and cash flows.
Risk factor. The sale of power cables and conductors manufactured by our Company contributes a significant portion to our Revenue from Operations (72.70%, 72.25% and 87.43% for the Fiscals 2026, 2025 and 2024). Any adverse development in our performance in the manufacturing business segment could have an adverse
Risk factor. The cables and conductors market is dependent primarily on governments planned expenditure on building new transmission and distribution networks or upgrading existing transmission and distribution networks. Accordingly, our cables and conductors business may be affected by a reduction in budgetary
How the offer is structured
Fresh issue
₹5.42k Cr
New capital into the company
Offer for sale
₹2.00k Cr
Goes to selling shareholders
OFS share
27%
- Pre-payment or re-payment, in full or in part, of all or a portion of certain outstanding borrowings availed by our Company₹4.90k Cr
- General corporate purposes
Promoters, litigation & related parties
Promoter (pre)
100.0%
Related-party
0.4%
Share of revenue
Except as disclosed in this section, there are no outstanding (i) criminal proceedings; (ii) actions taken by regulatory or statutory authorities; (iii) claims related to direct and indirect tax matters (disclosed in a consolidated manner); and (iv) other pending litigation as determined to be material by our Board pursuant to its resolution dated September 26, 2025 ("Materiality Policy") in each case involving our Company, Promoters and Directors ("Relevant Parties"). Further, there are no disciplinary actions including penalties imposed by SEBI or the Stock Exchanges against our Promoters in the last five Financial Years including any outstanding action. Additionally, except as disclosed in this section, there are no outstanding (i) criminal proceedings involving our Key Managerial Personnel and members of the Senior Management; or (ii) actions by statutory and regulatory authorities against our Key Managerial Personnel and members of the Senior Management, as on the date of this Red Herring Prospectus. Outstanding litigation involving the Relevant Parties have been considered material and disclosed in this section where the aggregate amount involved in such litigation exceeds ₹49.79 million i.e. 5% of the average of absolute value of profit or loss after tax as per the last three annual Restated Consolidated Financial Information of our Company ("Materiality Threshold").
Risks the company discloses
Our business largely depends on our top 10 customers, which contributed 72.14%, 68.87% and 53.37% of our Revenue from Operations in Fiscals 2026, 2025 and 2024. The loss of any of these customers could have an adverse effect on our business, financial condition, results of operations and cash flows.(Customer Concentration)
The sale of power cables and conductors manufactured by our Company contributes a significant portion to our Revenue from Operations (72.70%, 72.25% and 87.43% for the Fiscals 2026, 2025 and 2024). Any adverse development in our performance in the manufacturing business segment could have an adverse effect on our business, cash flows, results of operation and financial position.(Business Segment Concentration)
The cables and conductors market is dependent primarily on governments planned expenditure on building new transmission and distribution networks or upgrading existing transmission and distribution networks. Accordingly, our cables and conductors business may be affected by a reduction in budgetary allocation in transmission and distribution networks or cancellation or interruption of transmission and distribution related projects.(Regulatory/Policy)
Contracts with government-owned and controlled entities tend to entail a long credit period, which leads to uncertainty regarding the receipt of payments.(Credit Risk)
We cannot assure you that similar instances will not arise in the future or that such losses will not materially affect our business, results of operations, financial condition and cash flows going forward.(Operational)
Our dependence on these key products makes us vulnerable to fluctuations in their demand. Economic downturns, shifts in industry trends, or disruptions in supply chains could reduce the demand for our products, which may have an adverse impact on our business, results of operations, financial condition and cash flows.(Market Risk)
Any lapses in quality control could lead to product recalls, negative publicity, and a decline in customer confidence, which would adversely affect sales.(Operational)
These customers may change their outsourcing strategy by moving more work in-house, replace us with our competitors, or replace their existing products with alternative products which we do not supply.(Customer Concentration)

