Susan Electricals India IPO

Incorporated in 2007, Susan Electricals is engaged in the manufacturing of aluminium and copper-based electrical winding wires, conductors and cables in various specifications, sizes and configurations.

The company manufacture low tension (LT) cables, including Low Tension Aerial Bunched (LT AB) cables (up to 1.1 kV), High Tension (HT) cables of specified voltage grades and Medium Voltage Covered Conductor (“MVCC”) Cables under the cables segment. Under the wires and conductors segment, its offerings consist of winding aluminium wires and strips, winding copper wires and strips and aluminium conductors, manufactured with prescribed specifications.

Susan Electricals India primarily supplies its products to state-owned electricity distribution utilities (DISCOMs), private sector companies engaged in infrastructure development & EPC activities, as well as firms operating in the electrical wires, cables and conductor segment. Its products are primarily used in power distribution networks, transformer & motor winding applications, overhead distribution lines and underground cabling works. State-owned electricity distribution utilities (DISCOMs) contributed approximately 35.78%, 49.40% and 90.55% of total revenue from operations in FY26, FY25 and FY24 while the private sector firms generated approximately 64.22%, 50.60% and 9.45% respectively.

Its products are 1) wires and conductors which include winding wires and strips (Aluminium and Copper) and aluminium conductors 2) Cables which include Low Tension (LT) Cables, High Tension (HT) Cables and Medium Voltage Covered Conductor (“MVCC”) Cables. It operates three manufacturing facilities located in Ghaziabad, Uttar Pradesh. In FY26, the company sold its products across 14 states and 1 Union Territory in India, including markets such as UP, MP, Haryana, Rajasthan, Telangana and Karnataka.

Total Revenue from manufacturing products was ~60% and ~38% from trading products in FY26. Revenue from trading of aluminium wires and rods contributed 33.69% of total revenue from operations for FY26. Revenue from job work services made up ~ 0.54% in FY26. Uttar Pradesh and Delhi produced ~67% revenue in FY26. Installed capacity per annum of winding aluminum wire or strip/copper wire or strip was 3,307.5 tonnes and capacity utilisation was 57% in FY26. In the cable segment installed capacity per annum was 6,000 km in LT Cable/ HT Cable/ MVCC Cable and capacity utilisation was ~94% in FY26.