SJP Ultrasonic IPO

SJP Ultrasonics provides end-to-end plastic joining and automation solutions through three business segments: plastic joining solutions, industrial automation and laser technology solutions.

The company designs and manufactures machinery, tools and automated processes and also procures equipment for customer projects. Sales are primarily B2B to manufacturers across automotive, medical, electrical, electronics, textile, FMCG, toys, food and packaging, defence and other industries.

In FY26, industrial automation contributed 50.4% of revenue, plastic joining solutions 46.5% and laser technology solutions 3%. Industrial automation rose from 40.1% in FY24 to 50.4% in FY26, while plastic joining moved from 55.6% to 46.5%.

Domestic revenue was 86.1%, and international revenue was 13.8% in FY26, compared with 100% domestic revenue in FY24. In terms of industry, automotive contributed 44.7% of FY26 revenue, while packaging contributed 16.3%, and pharma contributed 11.6%. Maharashtra remains the larger contributor at 44.1%, followed by Haryana at 15.4%, Tamil Nadu at 8% and Gujarat at 6.8%.

Plastic joining offerings span feasibility studies, machine procurement, supply and installation, tool manufacture, testing, training and support. The company imports certain ultrasonic plastic and vibration welding machines from international manufacturers and manufactures ultrasonic tools and customised solutions. Industrial automation includes robotics, pick-and-place, rotary, conveyor and assembly-line automation. The laser segment supplies and installs standardised laser marking, welding and cutting machines.

The manufacturing facility is located at Vasai East, Palghar, Maharashtra, with offices or demo centres in Vasai, Pune, Gurgaon and Chennai. Installed capacity increased from 650 units in FY24 to 730 units in FY26; actual production increased from 579 units to 649 units, while utilisation remained broadly stable at 89% to 90%. The company had 64 outstanding purchase orders worth ₹21.19 crore as of March 31, 2026.