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

Credit Rating (CRISIL)
[ICRA]BB
Rates the company's debt-servicing ability — not the quality or value of its shares.
52-Week Range
Valuation
Financials (FY2024-25)
Investment Thesis
Mohindra Fasteners Limited is a Punjab-based fastener manufacturer with three production plants serving India's automotive and industrial sectors. The company operates in a growing but competitive market, with demand tailwinds from infrastructure and automotive growth. Its unlisted status and limited public information restrict detailed assessment, but the ₹280 share price suggests a functional, mid-scale manufacturing business.
Pros
Cons
Business Segments
High-Tensile Fasteners (Automotive)
Manufacturing cold and hot forged high-tensile fasteners for Hero MotoCorp, Maruti Suzuki, Hyundai India, Tata Motors; ~70% export revenue.
Industrial Fasteners & Precision Components
Precision machined components and industrial fasteners for engineering and industrial applications.
Revenue Model
Mohindra Fasteners generates revenue by manufacturing and selling fastener assortments to industrial customers including automotive OEMs, infrastructure contractors, railways, and engineering companies. Revenue is driven by production volumes across three plants, product mix (standard vs. high-tensile fasteners), and sales to both domestic and export markets. Steel constitutes the primary input cost.
Detailed Analysis
Growth Plans
India's automotive sector recovery and EV transition driving demand for precision fasteners
National infrastructure push (roads, railways, metro) increasing demand for construction fasteners
China+1 supply chain diversification encouraging global buyers to source from Indian fastener manufacturers
PLI scheme for auto components benefiting quality fastener manufacturers
Industry Tailwinds
Recent Developments
Revenue declined ~6.9% to ~₹163 Cr (FY25) from ₹175.91 Cr (FY24); EBITDA down from ₹27 Cr to ₹23 Cr; export markets weakening.
FY2024-25FY24 was peak year with EBITDA ₹27 Cr, PAT ₹16 Cr; net worth ₹95.08 Cr.
FY2023-24Comparable Companies
SF · ~₹15,000 Cr (listed)
Frequently Asked Questions
About Mohindra Fasteners
Mohindra Fasteners Limited is an Indian fastener manufacturer, likely based in Punjab — where Ludhiana serves as a major hub for India's fastener and hardware manufacturing industry. The company produces nuts, bolts, screws, washers, and other fastening solutions for automotive, construction, and general industrial applications. India's fastener industry is significant — the country is among the world's top fastener manufacturers, with Ludhiana alone producing approximately 40% of India's fastener output. Indian fastener companies supply to automotive OEMs, construction companies, industrial equipment manufacturers, and export to global markets. Mohindra Fasteners would operate cold forging, hot forging, or thread rolling machinery to manufacture standard and custom fasteners to DIN, ISO, BIS, and customer-specific standards. The company likely sells through a combination of direct OEM contracts and dealer/distributor networks for the aftermarket. Given limited public data, specific financial metrics are not available for Mohindra Fasteners Limited. The company competes in a market with both organised players (Sundram Fasteners, Precision Camshafts) and numerous small Ludhiana-based manufacturers.
Key Milestones
Incorporated December 10, 1995 in Delhi (CIN: L74899DL1995PLC064215) — 31+ years old
ISIN INE705H01011; BSE listed (531938, MOHFAST); ICRA credit rated; three manufacturing plants
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Unlisted shares are illiquid and carry higher risk. Pricing is indicative, not live, and these are private off-market transactions with no exchange settlement guarantee. Read the full risk disclosure.
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India's automotive sector recovery and EV transition driving demand for precision fasteners
National infrastructure push (roads, railways, metro) increasing demand for construction fasteners
China+1 supply chain diversification encouraging global buyers to source from Indian fastener manufacturers
PLI scheme for auto components benefiting quality fastener manufacturers
Industry Headwinds
Steel price inflation squeezing margins in a price-sensitive market
Competition from low-cost imports and unorganised sector players
EV transition requiring investment in new fastener types and joining technologies
Steel accounts for the majority of fastener manufacturing costs; steel price volatility directly impacts margins and can be difficult to pass through to customers.
Source: Company Financial Filings
India's fastener industry has thousands of manufacturers including large players like Sundram Fasteners, Viraj Profiles, and imported Chinese products.
Source: Media Reports / Public Records
If major customers are in the automotive sector, the company is exposed to automotive production cycle downturns.
Source: Media Reports / Public Records
Evolving fastener standards for EVs and advanced manufacturing require continued investment in tooling and quality certifications.
Source: Media Reports / Public Records
Unlisted shares are thinly traded with limited exit options for investors.
Source: Media Reports / Public Records
Steel accounts for the majority of fastener manufacturing costs; steel price volatility directly impacts margins and can be difficult to pass through to customers.
India's fastener industry has thousands of manufacturers including large players like Sundram Fasteners, Viraj Profiles, and imported Chinese products.
If major customers are in the automotive sector, the company is exposed to automotive production cycle downturns.
Evolving fastener standards for EVs and advanced manufacturing require continued investment in tooling and quality certifications.
Unlisted shares are thinly traded with limited exit options for investors.
LPSCREWS · ~₹300 Cr (listed)
RAMCOSYS · ~₹3,000 Cr (listed)
Revenue: FY24 ₹175.91 Cr (peak), FY25 ~₹163 Cr; EBITDA FY24 ₹27 Cr, FY25 ₹23 Cr; promoter 70.29%
Registered at 304, Gupta Arcade, Inder Enclave, Delhi-Rohtak Road, Jwala Puri, New Delhi 110087
OEM clients: Hero MotoCorp, Maruti Suzuki, Hyundai India, Tata Motors; exports ~70% of revenues