Gnat Foundry Private Limited: Comprehensive Tender Performance Analysis

Executive Summary: Gnat Foundry Private Limited has emerged as a notable player in the Indian government procurement landscape. With a 53.8% win rate on 26 bids submitted between April 2022 and March 2025, the company demonstrates a strong ability to secure government contracts. Notably, 14 of these wins were at the L1 (lowest bid) position, highlighting their competitive pricing strategy. Their technical qualification rate stands at 96.2%, indicating robust compliance and understanding of government tender requirements. Financially, Gnat Foundry has successfully secured contracts worth ₹14.87 crore, converting 100% of their bid value to won contracts. A TenderAI financial health assessment indicates a 'Good' rating of 65.3/100. Gnat Foundry excels primarily in tenders related to the Department of Defence Production and has demonstrated experience bidding with organizations like Bharat Earth Movers Limited (BEML). The company's market positioning reflects a cost-leadership approach coupled with a challenger win-rate profile, providing a balanced value proposition.

Financial Performance Analysis

Yearly Trends:

Gnat Foundry's financial performance shows notable trends over recent fiscal years. While data is limited prior to FY2022-23, the trends from FY2022-23 to FY2024-25 provide valuable insights. Here's a comparative overview: