LOHIA CORP LIMITED

Manufactures machinery for the technical textiles industry, specifically equipment used to produce woven plastic products. The product range spans multi-layer coating lines (CoEx 1600), high-speed circular looms (Nova 6 Plus, rated at 1,150 pieces per minute), FIBC cutting machines, and block bottom bag machines. End customers are woven-plastic-product makers serving packaging, flexible intermediate bulk containers (FIBC), geotextiles, tarpaulins, and other industrial fabric applications. In Q1 FY27, revenue was INR 503 cr, up 60% year-on-year, with EBITDA of INR 100 cr at a 19.9% margin. The order book stood at ~INR 1,778 cr, up 195% year-on-year, and is backed by ~20% customer advances. Capacity utilisation is currently 70-72%, with stated headroom to 85%, which the company says supports turnover of INR 2,400-2,500 cr without major capex. The customer mix is currently 59% domestic and 41% export, with management targeting a return to ~50% exports as global capex recovers. The company is net debt-negative and operates with an ~81-day net working capital cycle, with R&D spend stated at ~3% of revenue.