Tempsens Instruments (India) Limited
RHP · filed 08 Sept 2026
Tempsens Instruments (India) Limited manufactures and supplies temperature and pressure measurement instruments primarily to the metal and petrochemical industries, with 63.99% to 69.16% of revenue derived from Projects/OEM business. The IPO comprises a fresh issue of Rs 95.0 crore with no offer for sale, and the company reported a revenue of Rs 444.878 crore and a profit of Rs 71.067 crore in the latest fiscal year. The draft prospectus highlights high risks related to dependence on specific industries, volatility in raw material supply, and the long sales cycles associated with large, one-time orders.
What stands out
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.
Risk factor. Our performance is significantly influenced by demand trends in the 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.
Risk factor. Significant volatility, increases, fluctuations, shortages, or delays in the supply of primary raw materials, including metals such as copper, aluminium, stainless steel, nickel alloys, platinum, and rhodium, may adversely impact our business.
Primarily fresh capital. 100% of the offer is fresh issue, so most proceeds fund the company.
Low leverage. Debt-to-equity of 0.16x.
Strong revenue growth. Restated revenue CAGR of 27.2%.
How the offer is structured
Fresh issue
₹95.0 Cr
New capital into the company
OFS share
0%
Debt repayment
₹55.0 Cr
From fresh proceeds
- 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
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
0.16
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%
Except as stated below, there are no outstanding criminal proceedings, actions by regulatory authorities, claims related to direct and indirect taxation matters, or material litigation proceedings involving the Company, Subsidiaries, Promoters, and Directors. There are no disciplinary actions, penalties, or show cause notices by SEBI or stock exchanges against Promoters in the last five Fiscals. There are no outstanding criminal proceedings involving Key Managerial Personnel and Senior Management. There are no outstanding actions by regulatory authorities and statutory authorities against Key Managerial Personnel and Senior Management. The text defines a Materiality Amount for disclosure of litigation but does not state the count or amount of specific outstanding proceedings.
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.(Business Concentration)
Our performance is significantly influenced by demand trends in the 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.(Industry Concentration)
Significant volatility, increases, fluctuations, shortages, or delays in the supply of primary raw materials, including metals such as copper, aluminium, stainless steel, nickel alloys, platinum, and rhodium, may adversely impact our business.(Supply Chain)
Our Projects/OEM business involves large, sometimes one-time, orders with high entry barriers and long sales cycles, and their timing and volume can be affected by broader economic or market conditions.(Market Conditions)
Our MRO business involves supplying regular replacement parts, and there is a risk that the smaller and more frequent nature of these orders may limit our ability to generate substantial revenue growth or offset fluctuations in larger Projects/OEM transactions.(Business Model)
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.(Operational Risk)
Our products are sold to and used in a broad range of industries, including metal, petrochemical, defence & nuclear, power, glass, and plastics, among others.(Industry Exposure)
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.(Macroeconomic)
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.