Emmforce Autotech Ltd

Emmforce Autotech Ltd – Company Report


1. Company Overview


Emmforce Autotech Ltd, incorporated in 2012 and headquartered in Baddi, Himachal Pradesh, is a leading Indian manufacturer and exporter of specialized drivetrain components for the automotive sector. Established by Ashok Mehta, an industry veteran and author of the world’s first book on axle shafts, the company integrates three decades of expertise with advanced manufacturing and design capabilities.

Emmforce operates from a modern, ISO-certified facility spanning nearly 10,000 sq.m., producing niche components primarily for four-wheel drive (4WD) vehicles, performance racing cars, and the agriculture equipment sector. With a team of 201–500 employees and a diverse global clientele—which includes major OEMs in automotive and agro-machinery—the company has established itself as a trusted provider of zero-defect, high-performance parts that power racing machines and specialized vehicles.

  • Incorporated: 2012
  • Headquarters: Baddi, Himachal Pradesh, India
  • Founder & MD: Ashok Mehta
  • Employees: 201–500
  • Certification: ISO/TS 16949:2009
  • Core Focus: Niche drivetrain and differential parts for automotive and agriculture
  • Facility: 9,962 sq.m. integrated plant

2. Products and Services


Emmforce Autotech Ltd specializes in a broad spectrum of high-precision drivetrain parts and accessories:

  • Differential Assemblies and Components:

    • Differential Housings, Lockers, Covers
    • Differential Spools, Forged & Cast Differential Parts
  • Axles and Shafts:

    • Performance Axle Shafts, Cardan Shafts, Spindles, Yokes
  • 4WD and Racing Solutions:

    • 4WD Locking Hubs, Floater Hubs, Gear Shifters
  • Precision Tools and Accessories:

    • Differential Tools such as bearing pullers
    • Hydraulic gear pumps, axle bearing pullers, carrier & pinion bearing pullers
  • Subsidiary Product Lines:

    • Forgings and Rotary Tiller Blades (for the agriculture sector) via Emmforce Mobility Solutions Pvt. Ltd.

The company serves a diverse set of end markets, including passenger and performance vehicles, tractors, agriculture equipment, and export markets for high-spec automotive applications.

Key Clients include:

  • Swaraj
  • Sonalika International
  • Yanmar
  • TAFE
  • Indo Farm
  • Dana
  • Dorman
  • Ford
  • American Axle & Manufacturing
  • CNH Industrial

3. Recent News & Business Updates


Strategic Orders:

  • December 12, 2024: Emmforce Autotech Limited has secured a significant multi-year contract worth approximately ₹470 crores from a USA-based company. This agreement spans nine years, commencing in July 2025, and involves an annual supply of products valued at approximately ₹52 crores.
  • October 10, 2025: Emmforce Autotech Limited has announced the acquisition of a substantial supply order valued at approximately ₹10.50 crore annually from a United States-based Original Equipment Manufacturer (OEM). The contract involves the manufacturing and supply of drivetrain parts under a long-term arrangement.
  • Emmforce has expanded its capacities and product offerings, notably with new lines in hydraulic gear pumps and agricultural components.
  • The company completed a successful IPO in April 2024 and continues to leverage technological innovation and strict quality standards to deepen client relationships.
  • Ongoing diversification—especially into forged and agricultural parts via its subsidiary—strengthens its market position and broadens its addressable base.
  • Including the new ₹470 crore order, Emmforce Autotech Limited's total order book now stands at over ₹500 crores.

4. Financial Performance (FY2025)


Metric FY2025 Value FY2024 Value YoY Growth
Total Revenue ₹89.1 crore ₹41.2 crore 116.26%
Net Profit ₹8.06 crore ₹4.09 crore 97.07%
EBITDA Margin 19.45%
Net Profit Margin 9.2%
EPS ₹3.93
Return on Equity (ROE) 16%
Dividend ₹0 ₹0

Financial Summary

FY2025
MetricCompanyIndustry Avg.
Price / Sales2.061.55
EV / EBITDA11.2111.62
Debt / Equity0.440.61
ROE %16.2916.6
ROCE %15.918.24
P / B2.263.18
Div Yld %00.64
P/E22.3822.43
OPM %19.2712.89
Qtr Sales Growth YOY %3121.85
Qtr Profit Growth YOY %14.4328.02
ROA LAST 12M %7.597.93
Prom. Hold. %74.4871.15
Sales 3Yrs CAGR %012.17
Sales 5Yrs CAGR %013.15
Profit 3Yrs CAGR %030.96
Profit 5Yrs CAGR %041.02

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