Tempsens Instruments (India) Ltd.
PROSPECTUS · filed 20 Aug 2026
Tempsens Instruments (India) Ltd. manufactures sensors and instrumentation for the metal and petrochemical industries. The IPO comprises a fresh issue of Rs 95 crore and an offer for sale of Rs 555 crore, with 85.38% of the offer size being an offer for sale. The company reported a revenue of Rs 444.88 crore and a profit of Rs 71.07 crore in the latest fiscal year, with revenue growing at a CAGR of 27.23%. The draft prospectus highlights high risks related to dependence on the Projects/OEM business, sensitivity to the metal and petrochemical sectors, and volatility in the supply of raw materials such as copper and nickel alloys.
What stands out
Mostly an exit. 85% of the offer is an Offer for Sale, so most proceeds go to selling shareholders, not the company.
Risk factor. Our business is highly dependent on Projects/OEM business, which contributed 67.55%, 69.16%, and 63.99% of revenue from operations for Fiscals 2026, 2025, and 2024, respectively, with the remaining derived from MRO business. Adverse changes in either category may materially and adversely affect our
Risk factor. Our performance is influenced by demand trends in metal and petrochemical industries, which collectively contributed 41.13%, 42.90%, and 41.52% of revenue from operations for Fiscals 2026, 2025, and 2024, respectively. Negative developments in these sectors may materially affect our business, result
Risk factor. Significant volatility, increases, fluctuations, shortages, or delays in the supply of primary raw materials may adversely impact our business, financial condition, results of operations, and cash flows, particularly for project-specific or custom orders. These materials include metals such as coppe
Risk factor. The Projects/OEM business category is sensitive to economic downturns or reductions in customer capital expenditure; delays or cancellations of major projects can suppress growth. In the MRO business, lower demand may arise if customers extend lifecycles of their thermal components, implement effici
Low leverage. Debt-to-equity of 0.13x.
Strong revenue growth. Restated revenue CAGR of 27.2%.
How the offer is structured
Fresh issue
₹95.0 Cr
New capital into the company
Offer for sale
₹555 Cr
Goes to selling shareholders
OFS share
85%
- Funding certain capital expenditure of our Company towards our (i) electrical heating solutions; and (ii) specialized cable solutions₹18.1 Cr
- Pre-payment or scheduled re-payment, in full or in part, of certain outstanding borrowings availed by our Company₹55.0 Cr
- General corporate purposes₹14.2 Cr
Restated financials
Revenue
₹445 Cr
Latest fiscal year
Profit after tax
₹71.1 Cr
Revenue CAGR
27.2%
Return on equity
13.5%
Debt / equity
0.13
P/E at upper band
36.01
Only in a priced RHP
PAT CAGR
31.8%
| Fiscal year | Revenue | EBITDA | PAT | Net worth |
|---|---|---|---|---|
| 2024 | ₹275 Cr | ₹40.9 Cr | ₹205 Cr | |
| 2025 | ₹379 Cr | ₹62.6 Cr | ₹442 Cr | |
| 2026 | ₹445 Cr | ₹71.1 Cr | ₹525 Cr |
Promoters, litigation & related parties
Promoter (pre)
46.1%
Risks the company discloses
Our business is highly dependent on Projects/OEM business, which contributed 67.55%, 69.16%, and 63.99% of revenue from operations for Fiscals 2026, 2025, and 2024, respectively, with the remaining derived from MRO business. Adverse changes in either category may materially and adversely affect our business, financial condition, results of operations, and cash flows.(Business Concentration)
Our performance is influenced by demand trends in metal and petrochemical industries, which collectively contributed 41.13%, 42.90%, and 41.52% of revenue from operations for Fiscals 2026, 2025, and 2024, respectively. Negative developments in these sectors may materially affect our business, results of operations and cash flows.(Industry Concentration)
Significant volatility, increases, fluctuations, shortages, or delays in the supply of primary raw materials may adversely impact our business, financial condition, results of operations, and cash flows, particularly for project-specific or custom orders. These materials include metals such as copper, aluminium, stainless steel, nickel alloys, platinum, and rhodium; polymers and plastics; insulating materials; conductors and alloys for sensors; as well as adhesives, sealants, and specialized coatings.(Supply Chain)
The Projects/OEM business category is sensitive to economic downturns or reductions in customer capital expenditure; delays or cancellations of major projects can suppress growth. In the MRO business, lower demand may arise if customers extend lifecycles of their thermal components, implement efficiency improvements, or shift to alternative products or suppliers.(Market Demand)
A sustained decline, disruption or loss of business in either the Project/OEM or MRO businesses may lower our operational leverage and reduce the predictability of our revenue.(Business Concentration)
While we maintain a diversified industry presence, a significant economic slowdown, regulatory changes, technological shifts, or reduced capital expenditure in one or more of our key industries such as metal, petrochemical, defence & nuclear or power could lower demand for our products and services.(Industry Concentration)
Rapid changes in industry standards, increased competition, or evolving customer preferences for new and innovative products within these segments may impact our market share.(Market Demand)
Any material reduction in demand, adverse sectoral developments or loss of key customers within any of our end-user industries may materially and adversely affect our business, financial condition, results of operations, and cash flows.(Industry Concentration)
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.