Loyal Equipments

Intro

• Est. in 1993 in Ahmedabad, specializes in designing, manufacturing, and commissioning process equipment for capital goods industry including pressure vessels, heat exchangers, auxilary skids and modular packages.
• Sectors: Oil and gas, petroleum, chemicals, fertilizers, power & steel.
• Certifications: SMERA, ASME “U” & “U2”

Management

• Alkesh Rameshchandra Patel, Chairman & MD: 30+ yrs of experience, working since incorporation. Mechanical Engineer by profession.
  • Father was earlier the Chairman until death in 2020 but had 40+ yrs of experience, had worked in Ingersoll Rand for 20yrs
• Jyotsanaben Rameshchandra Patel, WTD: founder promoter, looks after overall administration and co-ordination of the Company
• Helena Alkeshkumar Patel, WTD: Mechanical engineering, NYIT and working since 5-6yrs

Product Portfolio (& mkt sizes):

• Pressure Vessels : used to hold liquids or gases at specified pressures (Domestic mkt to grow by 4.5% cagr to reach $62.7Bn by 2028)
• Heat exchangers : a piece of equipment built for efficient heat transfer from one medium to another (widely used in heating equipments, refrigeration, air conditioning, chemical plants etc. ($809Mn in 2023, grow by 5.8% cagr to $1.3Bn by 2032)
  • Air Cooled Heat Exchanger: Dissipate heat from fluids to air, improving efficiency and reducing energy consumption
  • Shell & Tube Heat Exchanger: transfers heat between fluids without them touching directly
• Skids
  • Auxilary Skids: compact, pre-assembled units that support the main equipment in industrial processes, these include necessary components like pumps, valves, or filters, mounted on a frame, ready to be connected to the main system. (Grow by 3.4% cagr)
  • Process Modular Skids: more complex, self-contained units that handle specific processes in an industrial plant. Pre-fabricated with all necessary components viz. pipes, instruments, controls etc. (global mkt at $100Bn in 2023)
• Reciprocating & Turbo Packaging
• Process Modular Packaging : Cryogenic Hydrogen Recovery Unit, C02 purification plant etc.

Manufacturing

• Loyal Equipments has the latest machinery, tools, skilled manpower, handling equipment, and various in-house facilities for smooth operation and quality product.
• Company having 28500 sq. meters of land, in which infrastructure is setup over 3526 sq. meters with well-furnished office spread over an area of 136 sq. meters
• Loyal Equipments has 7 well-facilitated fabrication bays with different capacity of EOT cranes, high-tech modern machines, and dedicated areas for Cutting, Welding, Rolling, SS fabrication, Finning, Equipment assembly, Shot blasting, Painting, etc.

Quality Check

Loyal Equipments is equipped with in-house NDT facilities like Dye Penetrate (DP) test, Magnetic Particle Inspection test (MPI), Hydro test, Pneumatic test, PMI (positive material identification) test, Ultrasonic (UT), Heat Treatment through modular furnace and outsources Radiography (X-ray). Loyal has experienced & qualified skilled manpower capable in quality welding with ferrous and non-ferrous metals.

Clients & Past Major Order Wins

Clients: Linde, Siemens Energy, BPCL, HPCL, IOCL, GAIL, Kirloskar, NRL, Reliance, Dresser-Rand, Ingersoll Rand etc.

Future Roadmap

• Plan to expand manufacturing by having an additional bay to enhance capacity
• Open a marketing office in the UAE to tap into emerging markets, and setting up a manufacturing plant in the USA
• Integration of IoT & smart systems into the products

Other Pointers

• Issuing preferential shares upto 6 lakhs at an issue price of Rs.211
• Design: in-house facility of design & engineering with international design codes, standards, software, tools, and a competent experienced team of engineers
• Competitive Strengths:
  • Customized Product Offering
  • Quality Assurance and Standards
  • Existing Customer Relationship: helps in getting repeat business
  • Existing Relationship with Suppliers

Comparitive: