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

Valuation
Financials (FY2024)
Pros
Cons
Business Segments
Precision Cutting Tools
Manufacturing of hobs, shaper cutters, milling cutters, broaches and other precision gear cutting tools for automotive and industrial applications
Gear Manufacturing
Production of precision gears and gear components for industrial machinery, automotive drivetrains, and mechanical systems
Revenue Model
Nidec India Precision Tools Limited generates revenue through the manufacturing and sale of precision cutting tools and gear components to automotive OEMs, auto-component manufacturers, industrial machinery companies, and capital goods manufacturers. The company benefits from its Japanese parent's global customer relationships and technology standards.
Detailed Analysis
Growth Plans
India's growing automotive production and 'Make in India' push driving demand for precision tooling
Nidec Group's global R&D capabilities enabling new product development for EV and industrial applications
Expansion of auto-component manufacturing in Tamil Nadu benefiting local precision tools suppliers
Government PLI schemes for advanced manufacturing creating incremental demand for precision tools
Industry Tailwinds
Recent Developments
Nidec Corporation completed the integration of Mitsubishi Heavy Industries Machine Tool Co. into the Nidec Machine Tool Corporation brand globally, affecting the India subsidiary's branding and operational alignment.
2022-04Nidec India Precision Tools Limited continues to serve as Nidec Machine Tool Corporation's manufacturing and sales base in India, catering to the growing Indian automotive and industrial manufacturing sectors.
2024-01Comparable Companies
KENNAMET · ~₹2,500 Cr
Frequently Asked Questions
About Nidec India Precision Tools
Nidec India Precision Tools Limited is India's largest manufacturer of gear cutting tools and broaches, incorporated on March 12, 1963 in Tamil Nadu. With CIN U29130TN1963PLC004990, the company is headquartered at 2, SIPCOT Industrial Complex, Ranipet, Tamil Nadu 632403. Originally established as a collaboration between Indian and Japanese industrial partners, the company was subsequently owned by Mitsubishi Heavy Industries of Japan and operated as Mitsubishi Heavy Industries India Precision Tools Ltd for several decades. In 2021, Nidec Corporation -- one of Japan's largest industrial motor and precision equipment conglomerates -- acquired the company from Mitsubishi Heavy Industries, renaming it to Nidec India Precision Tools Limited. This ownership change brought the company under the umbrella of Nidec Machinetool Corporation, Nidec's machine tool subsidiary. Nidec India Precision Tools commands India's largest market share in gear cutting tools and broaches, featuring the most advanced precision technologies. The company's products include gear shaping cutters, gear hobs, broaches, and other precision cutting tools used in automotive, aerospace, industrial machinery, and general manufacturing. Operating revenue was in the range of INR 100-500 crore for FY2024, with EBITDA declining 13.39% over the previous year reflecting margin pressures from input costs. In June 2023, Nidec Machinetool announced a new cutting tool factory in India to increase production capacity by 1.5 times, meeting growing demand from automotive and related component manufacturers. This expansion underscores the company's strategic importance within the Nidec Group's Asian manufacturing network. The company benefits from Nidec Corporation's global technological leadership, Japanese precision manufacturing standards, and access to Nidec Group's 300-plus global subsidiary network.
Key Milestones
1963: Incorporated in Tamil Nadu as S.R.P. Tools Limited, one of India's early precision tools manufacturers
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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.
India's growing automotive production and 'Make in India' push driving demand for precision tooling
Nidec Group's global R&D capabilities enabling new product development for EV and industrial applications
Expansion of auto-component manufacturing in Tamil Nadu benefiting local precision tools suppliers
Government PLI schemes for advanced manufacturing creating incremental demand for precision tools
Industry Headwinds
EV transition reducing traditional gear-cutting tool demand as EV drivetrains have fewer gears
Competition from imported precision tools from Germany and Japan at competitive prices
Global slowdown in capex affecting industrial machinery and tooling demand
EBITDA declined 13.39% in FY2024 indicating margin pressure
Source: Company Financial Filings
Wholly owned subsidiary with limited independent financial disclosure
Source: Media Reports / Public Records
EV transition could disrupt demand for combustion engine-specific gear cutting tools
Source: AlphaHub Research
As a wholly-owned subsidiary, the company's strategy, capital allocation, and operations are entirely controlled by the Japanese parent Nidec Machine Tool Corporation.
Revenue is heavily linked to automotive and industrial capex cycles. Downturns in auto production significantly impact cutting tool demand.
Japanese parent's reporting in JPY creates currency translation risk. Input material imports may expose the company to foreign exchange volatility.
Global precision tooling majors such as Sandvik Coromant, Kennametal, and Iscar compete in the Indian market, putting pressure on pricing and margins.
The shift to EV powertrains in automotive changes the demand profile for traditional gear cutting tools, requiring adaptation in product portfolio.
Operated for over four decades as a leading precision cutting tools company serving India's industrial sector
May 2005: Mitsubishi Heavy Industries Machine Tool Company, Japan acquired S.R.P. Tools Limited, transforming it into a Japanese-owned precision tools subsidiary
Post-2013: Mitsubishi Heavy Industries Machine Tool was integrated into Nidec Group following Nidec Corporation's acquisition
Renamed to Nidec India Precision Tools Limited reflecting the parent group's rebranding
Continues operations in Ranipet, Tamil Nadu as the India manufacturing base for Nidec Machine Tool group
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