58  Total SME IPOs listed in 2025

2,593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

58  Total SME IPOs listed in 2025

2593.84 Crs.  Total funds raised in 2025

40  SME IPOs listed with Gain in 2025

18  SME IPOs listed with loss in 2025

Tejas Cargo India Limited IPO Analysis

Tejas Cargo India IPO is a book build IPO listing on NSE EMERGE exchange. The company is based in New Delhi and caters to Logistics sector. New Berry Capitals Private is the merchant banker of Tejas Cargo India IPO. It is a SME IPO which filed its Draft Red Herring Prospectus (DRHP) on 6th November 2024.

Tejas Cargo India IPO posted revenues of Rs 505.04 crores and PAT of Rs 17.80 crores in FY25 on annualised basis.

Nature of IPO : SME
Exchange : NSE EMERGE
IPO Type : Book Building

Tejas Cargo IPO Financial Performance (Restated)

Financial results of Tejas Cargo India IPO based on restated financials as per prospectus and IPO review parameters can be referred to below.

Amount in ₹ crores
Financials
30-Sep-24
FY24
FY23
FY22
Balance Sheet
Assets
294.29
236.00
116.42
63.57

Net Worth
63.16
55.45
13.02
3.17

Total Debt
206.28
161.37
83.39
30.84

Profit & Loss
Revenue
Revenue on annualised basis
252.61
1,010.44
419.33
381.79
209.29

EBITDA
EBITDA on annualised basis
45.56
182.24
69.03
32.82
8.38

PAT
PAT on annualised basis
8.75
35.00
13.22
9.86
3.16

Notes:
1) Total debt incluides long-term borrowings and short-term borrowings.
2) Revenue means the Revenue from Operations as appearing in the Restated Financial Statements.

Tejas Cargo IPO Key performance Indicators (KPI)

Tejas Cargo India IPO PAT Margin is 3.46%, ROCE (Return on Capital Employed) is 13.52% as per latest financial. The below table shows Tejas Cargo India IPO Key Performance Indicators (KPI) as mentioned in company’s prospectus.

Particulars
30-Sep-24
FY24
FY23
FY22

EBITDA Margin (%)
18.04
16.46
8.60
4.00

PAT Margin (%)
3.46
3.15
2.58
1.51

EPS (Rs.)
4.97
7.52
5.60
1.79

ROE (%)
13.85
23.84
75.73
99.68

ROCE (%)
13.52
28.30
44.50
24.80

ROA (%)
2.97
5.60
8.47
4.97

Debt to Equity (x)  
3.27
2.91
6.40
9.73

Notes:
1) The EPS represents post-bonus basic EPS.
2) Return on Equity is ratio of Profit after Tax and Total Equity.
3) Return on Assets is ratio of Profit after Tax and Total Assets.
4) Debt to Equity is ratio of Total borrowings and Total Equity.

Tejas Cargo India IPO Valuation Metrics

The market Capitalisation of Tejas Cargo India IPO is Rs 401.40 crores at the time of IPO and other IPO valuation metrics of this IPO is mentioned below.

Key Metrics (at the time of IPO)


Market Capitalisation (Rs. Cr.):
401.40

Enterprice Value (EV) (Rs. Cr.):
599.61

EV/EBITDA (times) :
3.29

PE Multiple (times) :
22.95

P/B (times) :
2.38

NAV (Rs.) :
35.90

Notes:
1) The Enterprise Value is calculated as Market Cap. + Total Debt - Cash and Cash Equivalents.
2) Price to Book multiple is calculated as the ratio of Market Cap. and Net Worth post IPO proceeds.

What are the key financial metrics in Tejas Cargo prospectus?

The Tejas Cargo India IPO prospectus highlights an Return on Equity (ROE) of 15%, Return on Assets (ROA) of 12%, and an EBITDA Margin of 18%, showcasing financial performance.

How do profitability ratios impact the evaluation of Tejas Cargo IPO?

Profitability ratios like Return on Equity (ROE), Return on Assets (ROA), and Net Profit Margin shows Tejas Cargo India IPO financial report. Analysing these metrics can provide insights into the company’s efficiency, profitability, and long-term growth potential.

What is the market capitalisation for Tejas Cargo IPO ?

The post-IPO market capitalisation of Tejas Cargo India IPO is ₹401.40 Cr, based on the issue price and share structure. It helps investors gauge the company’s valuation and compare it with industry peers before investing.

What is the PE Multiple of Tejas Cargo IPO?

The Tejas Cargo India IPO has a Price-to-Earnings (PE) ratio of 22.95 X, indicating valuation compared to industry peers. It helps investors determine if the stock is overvalued or undervalued compared to its earnings and industry peers.

What is the Revenue of Tejas Cargo India IPO?

Tejas Cargo India IPO reported revenue of ₹505.04 Cr in the latest fiscal year, showing business performance, on annualised basis. Revenue figures from Tejas Cargo India IPO provide insights into sales growth, market demand, and business scalability.

What is the EBITDA of Tejas Cargo India IPO?

Tejas Cargo India recorded an EBITDA of ₹ 182.24 Cr., reflecting operational efficiency. EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) measures operational profitability.

What is the PAT of Tejas Cargo India IPO?

Tejas Cargo India Profit After Tax (PAT) is ₹35.00 Cr, reflecting earnings growth. Profit After Tax (PAT) reflects the company’s actual earnings after all expenses, taxes, and deductions

IPO Key Highlights

*At the time of IPO, on Annualised Basis
  • Revenue: ₹ 1,010.44 Cr.
            EBITDA: ₹ 182.24 Cr.
            PAT: ₹ 35.00 Cr.
  • EBITDA Margin: 18.04 %
            Pat Margin: 3.46%
  • Net Worth: ₹ 63.16 Cr.
  • Market Capitalisation: ₹ 401.40 Cr.
  • P/E: 22.95 times
  • P/BV: 2.38 times
  • EV/EBITDA: 3.29 times

Revenue

(As Annualised)

EBITDA

(As Annualised)

PAT

(As Annualised)
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FAQs

Tejas Cargo India operates in Logistics and Express Road Transportation Services Under Full Truck Load (FTL) To Various Sectors. The Issue is listed on NSE EMERGE in Feb, 2025. Tejas Cargo India IPO size was 105.84 with Issue price of 168.00 .

Tejas Cargo India IPO subscription was 1.15 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.

Tejas Cargo India IPO listed at a listing price of 175.00 against the offer price of 168.00.

The current market price of Tejas Cargo India is 168.00.

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