We are forwarding power point presentation for the proposed merger of Ricardo Elevators Private Limited with L. T. Elevator Limited.
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L. T. Elevator Ltd has shared an investor presentation detailing its proposed merger with Ricardo Elevators Private Limited, a D2C home elevator brand. Ricardo brings 18+ experience centers, 2,000+ monthly enquiries, ~2% conversion rate, and a ₹6 Cr monthly order booking run-rate. The combined order book stands at ₹289 Cr (₹244 Cr from LT + ₹45 Cr from Ricardo), with 90% executable over the next 18 months. Management cited margin improvement, cost savings, pricing power, and distribution expansion as key acquisition benefits. LT highlighted targets of 15% market share in the home elevator segment by 2030 and is building a 5x larger manufacturing facility (2.5x installed capacity) targeting Q4 FY27 go-live. H1 FY2026 revenue stood at ₹46.99 Cr.
The acquisition strengthens LT Elevator's position in the high-margin D2C home elevator niche and grows its order book by ~18%, supporting future revenue and margin expansion. However, execution risks remain with the new large-scale facility not coming online until late FY27.