business
Founded in 2007, Sedmac is a Pune-based company that designs and manufactures powertrain controllers, motor control products, and starter generator (ISG) solutions for automotive and industrial applications. The company provides patented sensorless motor control technology, enabling precise operation without external sensors for both engine-driven and electric bicycles and three-wheelers. It has two manufacturing facilities in Pune with capacity utilization of 94% and 81%. It has two future facilities, which are still operational.
InstitutionsParts list: Co has strong numbers, and increases capacity. But IPO is suitable for high risk investors due to concentration of income
Mali
Between FY23 and FY25, revenue grew by 24.8% year-on-year to Rs 658.4 crore and net profit rose by 134.3% to Rs 47 crore. Operating profit before interest, tax, depreciation and amortization (Ebitda) grew 51.8% to `125.1 million while Ebitda margin expanded from 12.8% to 19% during the period. About 91% of revenue comes from the top three customers. Return on equity (ROE) grew to 22% in FY25 from 7.8% in FY23. For the nine months ended December 2025, revenue and net profit were Rs 770.7 crore and Rs 71.5 crore, respectively. Although research and development (R&D) expenses rose to Rs 53.8 crore in the nine months ending December 2025 from Rs 43.5 crore in FY23, R&D expenses as a percentage of revenue fell to 7% from 10.3%.
value
Considering post-IPO equity and FY26 annualized profit, the price-earnings (P/E) multiple is 62.7. While it may not be a direct peer in the strict sense, some auto ancillary companies, including ZF Commercial Vehicle Control Systems India and Sona BLW Precision Forgings trade at forward P/Es of 56 and 54 respectively.
