Sedemac Mechatronics Ltd(SEDEMAC)

NSE: SEDEMACBSE: 544723

₹ 3,053.6-1.42%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 13,488 crWebsite: www.sedemac.comUpdated: 24 Oct 2026

About

SEDEMAC Mechatronics Ltd supplies control-intensive, critical-to-the-application electronic control units (ECUs) to leading OEMs in the mobility and industrial markets in India, the US and Europe. Revenue from operations was Rs 1,058.38 Cr in FY26, with Mobility contributing 86% and Industrial 14%. It is the largest supplier of genset controllers in India, with a market share of about 75%. The company was listed on 11 March 2026.^[1][2][3]

Business segments

Mobility: Rs 910.57 Cr in FY26, 86% of revenue, with EBIT of Rs 129.98 Cr (14.3% margin). It covers ECUs for ICE and electric 2- and 3-wheelers. Segment revenue grew 62% YoY.^[1][3]
Industrial: Rs 147.81 Cr in FY26, 14% of revenue, with EBIT of Rs 22.96 Cr (15.5% margin). Segment revenue grew 55% YoY.^[1][3]

Products and market position

Key Mobility products in FY26 were ISG ECUs, EFI ECUs and combined ISG+EFI ECUs for ICE vehicles, plus motor control units (MCUs) for electric 2- and 3-wheelers.^[1]
It is the largest supplier of genset controllers in India, with a market share of about 75%. It held a 14% global market share in genset controllers and EFI ECUs in FY25.^[1]
ISG ECUs for ICE 3-wheelers saw wide domestic adoption from April 2025 after the OBD 2B norm change. SEDEMAC accounted for more than 80% of the industry's ISG volume growth in FY26.^[4]
EFI ECU for the North American genset market launched and ramped up in FY26, and the dominant market leader adopted it as the default in key models.^[4]
EV products made up 7.4% of 2- and 3-wheeler revenue in FY26. Production of E2W MCUs started in Q3FY26 and is ramping up.^[4][5]

Key operating volumes

Control-intensive ECUs sold on a trailing twelve-month basis were 4,201,939 at Q1FY27, up from 2,747,383 at Q1FY26. More than 13 million have been sold cumulatively.^[5]
Total production rose from 8.4 million units in FY25 to 11.7 million units in FY26, of which 3.9 million were control-intensive ECUs.^[1]
Control-intensive ECU sales were 1,452,867 units in Q1FY27, up 37.5% YoY from 1,056,371 units in Q1FY26.^[6]
Cumulative ISG+EFI ECUs sold reached 1,000,000 units as of Q1FY27, 23 months after the start.^[6]
Industry-wide, 8.4 million 2- and 3-wheelers in India were fitted with ISG in FY26.^[4]

Manufacturing and capacity

MF3 is a new 120,000 sq ft ECU plant, about 3 times the size of the existing MF1 plant, with shipments targeted from Q2FY27.^[4]
Limited commercial production started at the new facility in Village Shinde, Taluka Khed, District Pune, on 25 September 2026.^[7]
MF4 (9,000 sq ft) will make electric machines and motors, with shipments expected from Q3FY27. This will let SEDEMAC supply complete ISG systems to 2- and 3-wheeler OEMs.^[4]
Land of about 13 acres was acquired in Shoolagiri (SIPCOT), Tamil Nadu, for a future manufacturing site in southern India.^[4][1]

Customers and concentration

TVS Motor Company is its most significant customer and has used its SLC-based ISG since 2018.^[1]
Customer concentration, measured as the largest customer's revenue share minus the combined share of the next four, fell from 72% in FY24 to 68% in FY25 and 58% in FY26.^[1]
ISG ECUs for export 3-wheelers began production in Q4FY26 and are ramping up.^[5]

New product pipeline

ISG ECUs are being introduced on variants of 3 popular motorcycle models from 3 of the top-4 OEMs in FY27. One launch was done in Q1FY27, a second is imminent and a third is expected in Q4FY27.^[5][4]
The first Power Tools business has been won: an SLC-based MCU for a small manufacturer, with production expected to start within four to five quarters.^[1]
Production of a CV after-treatment controller (ACU), its first commercial vehicle product, is expected to start in H2FY27.^[4]
An EV MCU for light commercial vehicles is in the production pipeline.^[4]

Recent developments

Revenue from operations was INR 310 Cr in Q1FY27, up 43% YoY from INR 217 Cr.^[5]
Listed on the stock exchanges on 11 March 2026.^[1]
Engineers from IITs, NITs and BITS rose to 154 in FY26 from 120.^[1]

Market Cap

₹13,488 Cr

High / Low

₹3,687 / 1,415

Stock P/E

135.8

Price / Book

31.3

Book Value

₹102

EPS

₹23.4

No. of Shares

4.42 Cr

ROCE

30.8%

ROE

23.1%

OPM

14.9%

Debt / Equity

0.11

Sales

₹1,058 Cr

Net Profit

₹104 Cr

Promoter holding

26.2%

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