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Acme India Industries Ltd.

PROSPECTUS · filed 30 Sept 2026

Issue complete

Acme India Industries Ltd. is a railway coach furnishing solutions provider that reported a revenue of Rs 263.71 crore and a profit after tax of Rs 24.36 crore in Fiscal 2025, with revenue growing at a CAGR of 11.15%. The company's financial trajectory is supported by a debt-to-equity ratio of 0.82, though its operations are heavily dependent on the Indian Railways, which accounted for 91.54% of its revenue. The draft prospectus highlights material risks including high customer concentration, the uncertainty of future tender awards, and outstanding legal proceedings totaling over Rs 391 crore. Additionally, the company faces operational and supply chain risks related to strict quality standards and reliance on a limited number of suppliers.

What stands out

Criminal proceedings disclosed. Makwelld LLP has filed a criminal complaint before the Court of the Learned Judicial Magistrate First Class, East Delhi, Karkardooma Courts, Delhi, under Sections 138 read with Sections 139, 141 and 142 of the Negotiable Instruments Act, 1881, against Acme India Industries Limited and certain of its

Risk factor. Our business operations and revenues are entirely dependent on the Indian Railways, with 91.54% of total revenue derived from them in Fiscal 2025. Any adverse change in Ministry of Railways policy may lead to contracts being foreclosed, terminated, or renegotiated.

Risk factor. We depend on the Indian Railways for a significant portion of contracts in our order book, which are awarded on a tender basis. There is no assurance that our bids will be accepted and future contracts will be awarded to us.

Risk factor. There are outstanding legal proceedings involving the Company, its Directors, and Promoters. The total amount in dispute for the Company is ₹1,913.20 lakhs, and for Promoters/Directors it is ₹2,001.30 lakhs.

How the offer is structured

  • Funding to meet working capital requirements₹38.0 Cr
  • Repayment and/or pre-payment, in full or part, of borrowing availed by our Company₹41.0 Cr
  • Funding Capital Expenditure towards purchase of additional plant & machinery₹6.3 Cr
  • General Corporate Purpose

Restated financials

Revenue

₹264 Cr

Latest fiscal year

Profit after tax

₹24.4 Cr

Revenue CAGR

11.2%

Debt / equity

0.82

PAT CAGR

12.6%

Fiscal yearRevenueEBITDAPATNet worth
2024₹213 Cr₹19.2 Cr
2025₹210 Cr₹16.5 Cr
2026₹264 Cr₹24.4 Cr

Promoters, litigation & related parties

Promoter (pre)

88.2%

Proceedings

1

Makwelld LLP has filed a criminal complaint before the Court of the Learned Judicial Magistrate First Class, East Delhi, Karkardooma Courts, Delhi, under Sections 138 read with Sections 139, 141 and 142 of the Negotiable Instruments Act, 1881, against Acme India Industries Limited and certain of its directors/officers in relation to alleged non-payment of dues for goods supplied by the complainant. The Company issued cheque no. 000073 dated April 20, 2026 for ₹8.58 lakhs, which was dishonoured on April 21, 2026 with the remark "Payment Stopped by Drawer." The complainant thereafter issued a statutory legal notice dated May 9, 2026 demanding payment of the cheque amount, which, as stated in the complaint, was served on May 11, 2026. The complaint alleges that the payment was not made within the prescribed period and seeks appropriate proceedings under the Negotiable Instruments Act, together with recovery of the cheque amount and applicable costs/interest. The matter is presently pending before the Chief Metropolitan Magistrate, East, KKD.

Risks the company discloses

  • Our business operations and revenues are entirely dependent on the Indian Railways, with 91.54% of total revenue derived from them in Fiscal 2025. Any adverse change in Ministry of Railways policy may lead to contracts being foreclosed, terminated, or renegotiated.(Customer Concentration)

  • We depend on the Indian Railways for a significant portion of contracts in our order book, which are awarded on a tender basis. There is no assurance that our bids will be accepted and future contracts will be awarded to us.(Contract Risk)

  • There are outstanding legal proceedings involving the Company, its Directors, and Promoters. The total amount in dispute for the Company is ₹1,913.20 lakhs, and for Promoters/Directors it is ₹2,001.30 lakhs.(Legal & Regulatory)

  • We are subject to strict quality requirements and customer inspections. Any failure to comply with quality standards may lead to rework, replacement, penalties, and negatively impact our reputation and future contract opportunities.(Operational)

  • We depend on a limited number of suppliers for raw materials. The top 10 suppliers accounted for 76.95% of total purchases in March 2026. Any interruption in availability or failure by suppliers to deliver on time could adversely impact operations.(Supply Chain)

  • Our operations involve providing turnkey furnishing solutions for railway coaches. Any compromise in service quality could result in penalties and jeopardize future railway contract opportunities.(Operational)

  • We are exposed to regular inspection by customers to ensure internal standards are met. Any non-compliance observed during inspection may have an adverse impact on our business, financial condition, and results of operations.(Operational)

  • We are dependent on third-party suppliers for products used in our turnkey solutions. Any deviation in the quality, timeliness, or reliability of their deliveries poses a significant risk to project execution, customer satisfaction, and business reputation.(Supply Chain)

How this document reads, dimension by dimension

growthrevenue CAGR 11.2%
governancecriminal proceedings
balance sheetdebt/equity 0.82x
profitabilityprofitable in the latest year

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.

Figures are extracted automatically from the document filed with SEBI and may contain errors — the linked SEBI document is the authoritative record; analysed 26 Sept 2026.

Not investment advice

These lists are rules-based research, not buy recommendations. Rankings are generated from NSE & BSE data by a deterministic formula and do not account for your personal circumstances. For informational purposes only. Consult a SEBI-registered advisor before investing.

Acme India Industries Ltd. Prospectus — SEBI filing analysis | DocStoX