Aegeus Technologies Ltd.
PROSPECTUS · filed 04 Aug 2026
Aegeus Technologies Ltd. is a company that provides robotic cleaning systems, AMC, and MCaaS. The company's revenue grew at a CAGR of 63.71% to Rs 40.94 crore in the latest financial year, with a net profit of Rs 4.02 crore and a return on equity of 26.09%. The offer is structured as a fresh issue of equity shares, and the company faces material risks including dependence on a limited number of customers for 91.26% of revenue, unpredictable demand due to soiling patterns and weather, and the nascent stage of the market for robotic solar panel cleaning solutions.
What stands out
Risk factor. The Company depends on a limited number of customers for a significant portion of its revenues, with Top Ten customers accounting for 91.26% of revenue in the most recent financial year.
Risk factor. Unpredictable soiling patterns, seasonal variations, and extreme weather events could materially and adversely affect the demand for robotic cleaning systems, AMC, and MCaaS.
Risk factor. Manufacturing or quality control issues in products, including defects, design flaws, or component failures, could adversely affect business and reputation.
Strong revenue growth. Restated revenue CAGR of 63.7%.
Healthy return on equity. ROE of 26.1%.
How the offer is structured
- Investment in Product Development₹2.9 Cr
- Funding Capital Expenditure towards Setting up of Manufacturing Facility through Purchase of Land and Civil Works₹5.7 Cr
- To meet out the expenses for Working Capital to fund business growth₹8.0 Cr
- General Corporate Purposes₹3.6 Cr
Restated financials
Revenue
₹40.9 Cr
Latest fiscal year
Profit after tax
₹4.0 Cr
Revenue CAGR
63.7%
Return on equity
26.1%
PAT CAGR
108.0%
| Fiscal year | Revenue | EBITDA | PAT | Net worth |
|---|---|---|---|---|
| 2024 | ₹15.3 Cr | ₹0.9 Cr | ₹5.8 Cr | |
| 2025 | ₹21.9 Cr | ₹1.4 Cr | ₹11.4 Cr | |
| 2026 | ₹40.9 Cr | ₹4.0 Cr | ₹15.4 Cr |
Promoters, litigation & related parties
Related-party
4.5%
Share of revenue
Risks the company discloses
The Company depends on a limited number of customers for a significant portion of its revenues, with Top Ten customers accounting for 91.26% of revenue in the most recent financial year.(Business Related Risk)
Unpredictable soiling patterns, seasonal variations, and extreme weather events could materially and adversely affect the demand for robotic cleaning systems, AMC, and MCaaS.(Business Related Risk)
Manufacturing or quality control issues in products, including defects, design flaws, or component failures, could adversely affect business and reputation.(Business Related Risk)
The market for robotic solar panel cleaning solutions is at a nascent stage, with limited market adoption and uncertainty regarding industry maturity.(Business Related Risk)
Rapid technological change and the risk of obsolescence in robotic cleaning solutions could adversely affect the Company's competitive position.(Business Related Risk)
Outstanding legal proceedings involving the Company, its promoters, directors, and Key Managerial Personnel could adversely affect business, financial condition, and reputation.(Internal Issue Related Risk)
The Company is subject to a legal and regulatory environment that may differ from that of other countries.(External Risk)
The Company's business operations could be affected by additional factors that are not presently known to the Company or currently considered immaterial.(Other Internal Risk Factors)
No dimension score is published for this filing. Too few sections could be read from the document to score it without guessing, and a score built on two fields would say more about our extraction than about the company.