SHUBINVESTS I SEBI RA
14 Oct • 9:08 AM · SEBI-Registered Analyst
Zetwerk IPO: The Business Connecting Thousands of Factories
Imagine a company wins a huge power equipment order but doesn’t have every factory or machine needed to fulfil it. Instead of managing hundreds of suppliers, it can rely on a manufacturing partner that coordinates production, quality, raw materials and delivery.
That’s the business model behind Zetwerk.
Its business has two major engines: manufacturing, which contributed around 59% of FY26 revenue, and industrial raw material trading, which contributed the remaining 41%. While manufacturing offers engineering-led services, trading generates large revenues but typically operates on thinner margins.
Zetwerk’s FY26 revenue reached ₹15,913 crore, growing around 40% year-on-year. However, revenue growth alone doesn’t tell the full story. Investors must also examine profitability, working capital, cash flow and the sustainability of customer orders.
🇮🇳 Which Indian company could benefit from this manufacturing opportunity?
Dixon Technologies —


