RRIL - RRIL
Financial Performance
Revenue Growth by Segment
Not disclosed in available documents. However, related party transactions for FY 2024-25 include INR 12.90 Cr with Rishabraj Estate Developers and INR 10.19 Cr with Rishabraj Infra LLP.
Geographic Revenue Split
Operations are primarily concentrated in Maharashtra, with the registered office and material subsidiary Raj Rajendra Industries Limited located in Mumbai.
Profitability Margins
Not disclosed in available documents. The company maintains an unmodified audit opinion for its financial statements.
Credit Rating & Borrowing
Not disclosed in available documents. The company reported no funds were raised during the year through private placements or preferential allotments.
Operational Drivers
Raw Materials
Not disclosed in available documents. As a real estate developer, typical materials would include cement and steel, but specific costs are not listed.
Strategic Growth
Growth Strategy
Growth is driven by the implementation of a Resolution Plan and a focus on redefining the real estate landscape through structures that exceed conventional expectations. The strategy involves leveraging the 'Rishabraj' brand through material subsidiaries and related party entities to execute residential and commercial developments.
Products & Services
Real estate structures, residential developments, and commercial properties.
Brand Portfolio
Rishabraj (associated with Rishabraj Estate Developers and Rishabraj Infra).
Strategic Alliances
Rishabraj Estate Developers Private Limited, Rishabraj Infra LLP, and Sumati Spintex Private Limited.
External Factors
Industry Trends
The real estate industry is evolving towards more complex and redefined structures. RRIL is positioning itself to exceed conventional expectations in this landscape following its successful resolution process.
Competitive Moat
The company's moat is built on its 'Rishabraj' brand and its ability to successfully navigate and implement a Resolution Plan, providing a fresh operational foundation in the Mumbai real estate market.
Macro Economic Sensitivity
Highly sensitive to changes in government policies and legal compliances, which are cited as major business challenges.
Regulatory & Governance
Industry Regulations
Operations are subject to real estate development norms, government land policies, and local municipal regulations. Changes in these policies are identified as a primary business risk.
Environmental Compliance
The company has adopted a Corporate Social Responsibility (CSR) policy and a Green Initiative for electronic document service.
Legal Contingencies
The company reports no penalties or strictures imposed by any statutory authority on any matter related to capital markets during the last three years.
Risk Analysis
Key Uncertainties
Fund constraints and human resource availability are the primary uncertainties, with potential to significantly impact project timelines and revenue recognition.
Geographic Concentration Risk
High concentration in Maharashtra, specifically the Mumbai metropolitan region.
Third Party Dependencies
Dependency on external firms of Chartered Accountants for internal audit functions and Purva Sharegistry (I) Pvt. Ltd. as the Registrar and Share Transfer Agent.
Credit & Counterparty Risk
As of March 31, 2025, there are no loans and advances given by the subsidiary company, reducing intra-group credit risk.