What we do Ardee Industries Ltd manufactures pure lead and lead alloys, and recycles end-of-life energy storage products into high-quality materials, serving both domestic and international markets. |
Founded in 1,993 |
Market share Emerging player in lead metal manufacturing and recycling sectors with increasing export presence since 2021. |
Problem solved Addresses the need for sustainable recycling of lead-based energy storage products and supplies high-purity lead conforming to international standards. |
Top clients or who we serve B2B customers in battery manufacturing and non-ferrous metal industries across India and global markets. |
Key management - |
Our journey and innovations Incorporated in 1993, converted to public company in 2025, started manufacturing pure lead and lead alloys in 2021, expanded exports since then. |
Where we operate Manufacturing plant in Tirupati District, Andhra Pradesh; business operations in India and international markets (Rest of the World). |
Top products or what we offer Pure lead and lead alloys including lead calcium, antimony, tin, silver, and cadmium alloys; recycling and refining services. |
Top brands - |
Raw materials needed Non-ferrous scrap and end-of-life energy storage products as raw materials for lead recycling and alloy production. |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue driven by both recurring orders and cyclical demand in metals and battery sectors. |
Our industry position Positioned as a quality-focused manufacturer and recycler with growing export revenues and capacity utilization. |
Financial highlights FY2023 revenue Rs 1,167.65 crore, net profit Rs 84.68 crore, capital expenditure Rs 23.45 crore in FY2023. |
Geographical revenue split India contributes Rs 647.72 crore; Rest of the world Rs 465.05 crore revenues in FY2023. |
Order book - |
Whats driving growth Growth driven by rising exports, capacity expansion, and increasing demand for sustainable lead products. |
Our future plans Planning IPO to raise Rs 320 crore to fund business expansion and strengthen manufacturing capabilities. |
Our green promise - |
Our people and values - |
Key challenges ahead Competition in metals sector and volatility in raw material supply and prices. |
Interesting facts First in the region to produce high purity lead with export-quality standards starting in 2021. |
Risks and strategy Mitigating raw material risks through recycling; focusing on export market diversification and quality enhancement. |
