Adroit Industries India Ltd IPO

Offering over 5,000 SKUs of torque-transmission components and assemblies forming part of driveline systems

Vertically integrated manufacturing operations with end-to-end control across forging, machining and assembly operations.

Established relationships with diversified customer base and high degree of repeat business.

Entry barriers supported by established validation and advanced engineering capabilities.

Major portion of the company's revenue from Sale of Products is derived from export sales. Revenue from outside India aggregated to Rs.600.04 million, Rs.1,166.83 million, Rs.1,044.75 million and Rs.866.90 million for the six-month period ended September 30, 2025 and Fiscal 2025, Fiscal 2024 and Fiscal 2023, respectively, representing 94.15%, 96.27%, 94.56% and 95.13% of its revenue from Sale of Products for the respective periods. Any adverse developments affecting its export markets could materially and adversely affect the company's business, financial condition, results of operations, cash flows and prospects.

The company's revenue from operations is significantly concentrated among a limited number of customers. Revenue from its top 10 customers aggregated to Rs.425.18 million, Rs.798.84 million, Rs.758.00 million and Rs.663.00 million for the six-month period ended September 30, 2025 and Fiscal 2025, Fiscal 2024, and Fiscal 2023, respectively, representing 66.71%, 65.91%, 68.61% and 72.76% of our revenue from Sale of Products for the respective periods.The company is dependent on such customers for a substantial portion of its revenue and any reduction, modification or termination of business by such customers could materially and adversely affect the company's business, financial condition, results of operations, cash flows and prospects.

The company's manufacturing operations are concentrated at facilities located in the state of Madhya Pradesh, India. Any disruption, slowdown or shutdown at any of such facilities may materially and adversely affect its business, financial condition, results of operations, cash flows and prospects.

The company depends on a limited number of domestic suppliers for the procurement of its key raw materials and the company's top ten suppliers accounted for purchases aggregating to Rs. 175.85 million, Rs. 337.75 million, Rs. 325.06 million and Rs. 316.63 million, representing 91.84%, 90.41%, 88.09% and 79.87% respectively, of its total purchase cost during the six-month period ended September 30, 2025 and in Fiscal 2025, 2024 and 2023, respectively. Any disruption in supply, increase in prices or inability to procure such materials on commercially acceptable terms may adversely affect the company's business, results of operations, cash flows and financial condition.