What does Dr. M Induscorp Limited do?

Dr. M Induscorp Limited is a wires and cables manufacturer based in New Delhi. Incorporated in 1986, it operates in the industrials sector producing electrical wires and cables. The company is unlisted with a very small market capitalization of approximately ₹7.56 Cr.

What is the market cap of Dr. M Induscorp Limited?

Dr. M Induscorp Limited has a market capitalization of approximately ₹7.56 Cr, with shares trading at ₹10 (equal to face value). The company has an EPS of ₹0.49 and a P/E ratio of approximately 20.41x.

Is Dr. M Induscorp Limited planning an IPO?

No IPO announcement has been made by Dr. M Induscorp Limited as of mid-2025.

How do I buy Dr M Induscorp unlisted shares here?

Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.

Who am I actually transacting with?

You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.

How do I pay, and is there a payment gateway?

Payment is by direct bank transfer to Prospire Network Private Limited's published account (CIN U82300UP2025PTC233622), shown to you in-app at the payment step. There is no card gateway and no escrow. Never pay to a personal account or to any account shared over phone, WhatsApp or email — even if the person claims to be from our team.

How long does settlement take?

After you accept an allocation, you have a short window to pay (typically 2 days). Once payment is verified, shares are usually credited to your demat within 2–3 business days, subject to depository timelines and any company-level restrictions. Timeframes are typical, not guaranteed.

There are no separate platform fee lines and no GST on the transfer — the desk's margin is built into the buy/sell price you're quoted. The only statutory add-on on a purchase is stamp duty on the consideration, shown transparently in your cost breakdown.

Is there a minimum ticket size for Dr M Induscorp?

Minimums vary by company and depend on the lot the desk can source. Raise an enquiry and the desk will confirm the available quantity and the minimum for that name.

What KYC do I need, and do I need a demat account?

You'll share your demat details when you enquire so we can settle directly. Full KYC — PAN and a client-master / demat statement — is required before the transfer step, when shares actually change hands. Yes, you need an active demat account to hold unlisted shares.

Are there lock-ins on unlisted or pre-IPO shares?

Some shares carry statutory or company-imposed lock-ins — for example, a post-listing lock-in on pre-IPO stock — and transfers can be subject to the company's articles or approvals. Where a lock-in applies, we'll flag it before you commit.

How do I sell Dr M Induscorp shares I already hold?

Raise a sell enquiry with the company, quantity and your target price. The desk confirms a buying price, you transfer your shares into the desk's demat, and once the credit is verified we pay you out by bank transfer to your registered account. The desk never pays out before your shares are received.

Unlisted shares are illiquid, may be hard or impossible to sell, and are not covered by exchange settlement guarantees or investor-protection funds. Pricing is indicative, not live. Read the full Risk Disclosure before you enquire, and invest only what you can afford to lock away.

Dr M Induscorp Unlisted Share Price | Buy Dr M Induscorp Pre-IPO Shares — wisefolio

Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

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Dr M Induscorp Unlisted Share Price | Buy Dr M Induscorp Pre-IPO Shares — wisefolio | wisefolio

Investment Thesis

Dr. M Induscorp Limited is a decades-old wires and cables manufacturer based in New Delhi with a micro-cap market value of approximately ₹7.56 Cr. Despite operating in a sector with strong macro tailwinds from India's infrastructure growth, the company's extremely small scale, unlisted status, and intense competition from large established players result in very limited investor interest and exit liquidity.

Pros

Operates in the wires and cables manufacturing sector, which benefits from India's large-scale infrastructure buildout, power sector investments, and real estate demand.
Very low P/S ratio of 0.03 at a market cap of ₹7.56 Cr suggests significant revenue relative to market cap — the company appears very inexpensive relative to sales.
Incorporated in 1986, giving the company nearly four decades of operational history and established manufacturing experience.
Face value of ₹10 per share with EPS of ₹0.49 indicates the company maintains positive profitability at its scale.

Cons

Extremely small market capitalization of ₹7.56 Cr makes this a micro-cap with very limited institutional interest and highly illiquid in the unlisted market.
The wires and cables sector is highly competitive with large listed players (Polycab, Havells, KEI Industries) dominating market share, leaving limited growth room for small players.
Unlisted status with minimal public disclosures makes it impossible to verify financial trajectory, capex plans, or management quality.
Current share price of ₹10 equals the face value, suggesting the market assigns no significant premium to the business — a sign of limited growth expectations.

Business Segments

Wires & Cables Manufacturing

Manufacturing of electrical wires and cables for domestic, industrial, and infrastructure applications.

Revenue Model

Dr. M Induscorp Limited generates revenue from manufacturing and selling wires and cables. Given its P/S ratio of 0.03 at a market cap of ₹7.56 Cr, the implied annual revenue would be in the range of ₹250 Cr or more — suggesting it is primarily a manufacturing/trading operation with thin margins and low market valuation relative to topline.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds7

Growth Plans

India's power sector expansion and rural electrification programs driving demand for wires and cables

Real estate and construction boom in NCR providing local demand for electrical wiring products

Industry Tailwinds

India's power sector expansion and rural electrification programs driving demand for wires and cables

Real estate and construction boom in NCR providing local demand for electrical wiring products

Recent Developments

Net sales ~₹0.47 crore — micro-scale operations

Dr M Induscorp reported approximately ₹0.47 crore in net sales in FY2022, indicating early-stage or micro-scale wires and cables operations. The company is building distribution relationships in the competitive electrical products market.

FY2022

Comparable Companies

CompanyTypeTickerMkt Cap

Polycab India LimitedPE: ~35xxListedPOLYCAB~₹70,000 Cr

KEI Industries LimitedPE: ~40xxListedKEI~₹25,000 Cr

Polycab India LimitedListed

POLYCAB · ~₹70,000 Cr

PE: ~35xx

KEI Industries LimitedListed

Frequently Asked Questions

About Dr M Induscorp

Dr. M Induscorp Limited is a New Delhi-based company with a history dating to 1986, originally incorporated as 'Dr. M. Soy Proteins Limited' in the edible oils and solvent extraction business. The company underwent a significant business transformation, pivoting from agricultural commodities to industrial manufacturing of copper and aluminium wires and cables. Under the leadership of Mr. Prem Prakash, who brings 40+ years of industry experience, Dr. M Induscorp has repositioned itself as a wire and cable manufacturer offering approximately 500+ products across copper and aluminium electrical wires and cables. The company is listed on the Metropolitan Stock Exchange of India (MSEI) under the ticker DRMIND:IN and has also been traded on BSE (scrip code 519512). Wires and cables is a critical industrial input sector — used in residential and commercial construction, power transmission, industrial machinery, and telecommunications. India's wires and cables market is growing rapidly driven by the massive scale-up in power sector infrastructure, housing construction, and EV charging infrastructure under government schemes. The company's revenue profile is modest — approximately ₹0.47 crore in FY2022 net sales — suggesting it is a micro-cap manufacturer with limited current scale. However, the product portfolio of 500+ items indicates broader ambition. With approximately 10,000 shareholders and MSEI/BSE listings, the company has meaningful investor awareness. The business pivot from soy proteins to wires/cables represents the kind of transformation common among Indian small-cap companies seeking higher-growth segments. Under Mr. Prem Prakash's leadership, the company is attempting to establish itself in the competitive but growing wires and cables market.

Key Milestones

Incorporated in 1986 in New Delhi, Delhi as a wires and cables manufacturer

Common questions about unlisted shares

How do I buy Dr M Induscorp unlisted shares here?
Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.
Who am I actually transacting with?
You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.
How do I pay, and is there a payment gateway?

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