Kheria Autocomp IPO

Kheria Autocomp, incorporated in November 2009, manufactures plastic injection-moulded components and undertakes basic sub-assembly operations for the automotive industry. It operates as a Tier-II supplier, producing parts to the specifications of Tier-I vendors that supply passenger vehicle original equipment manufacturers.

The company’s product portfolio includes interior cabin trims, exterior plastic parts, under-hood components and heating, ventilation and air-conditioning ducts for internal combustion engines and electric vehicles. The company previously served the white goods segment, but its current focus is automotive plastic moulded parts.

Sale of manufactured products accounted for 100% of FY26 revenue. Gujarat accounted for 99.96% of FY26 revenue, followed by Maharashtra at 0.03% and West Bengal at 0.01%. The revenue contribution of the largest client was 30.03%, while that of the top 5 clients stood at 97.32%. The company is associated with Tier-I suppliers of automotive components and gets repeat orders. It procures its raw materials from authorised suppliers, including suppliers nominated by its clients, while the clients themselves give moulds/dies for production.

The company has a manufacturing plant occupying around three acres at Tata Vendor Park, Sanand, Gujarat, with 30 injection moulding machines with capacities of 120-1,700 tonnes. Installed capacity increased from 4,200 tonnes per annum in FY25 to 5,400 tonnes in FY26. FY26 production reached 5,061.45 tonnes, with capacity utilisation of 93.73%, compared with 98.90% in FY25 and 76.55% in FY24.