Ekansh Concept - Ekansh Concept
Financial Performance
Revenue Growth by Segment
Not disclosed by specific segment values, but the company achieved a financial turnaround from a net loss of INR 3.31 Cr in FY 2023-24 to a net profit of INR 1.88 Cr in FY 2024-25.
Geographic Revenue Split
100% of operations are concentrated in India, specifically across the states of Maharashtra, Madhya Pradesh, Odisha, Chhattisgarh, and Jharkhand.
Profitability Margins
The company reported a Profit After Tax (PAT) of INR 1.88 Cr (FY 2024-25) compared to a loss of INR 3.31 Cr in the previous year, reflecting a significant margin improvement despite cost escalations.
EBITDA Margin
Not explicitly disclosed, but Profit Before Tax (PBT) improved from a loss of INR 3.03 Cr to a profit of INR 2.44 Cr, a turnaround of approximately 180% in absolute terms.
Credit Rating & Borrowing
The company noted higher borrowing costs as a factor in its financial performance, though specific credit ratings and interest rate percentages were not disclosed.
Operational Drivers
Raw Materials
Professional human capital and technical consultants (as a service-based infrastructure consultancy).
Import Sources
Sourced domestically from within India, primarily from the states of Maharashtra, Madhya Pradesh, Odisha, Chhattisgarh, and Jharkhand.
Capacity Expansion
Not applicable for a consultancy firm; however, the company is expanding its project portfolio under the Jal Jeevan Mission (JJM).
Raw Material Costs
Not applicable as a percentage of revenue for this service model; focus is on human resource development and technical skillsets.
Manufacturing Efficiency
Not applicable; efficiency is measured by low attrition and high employee engagement in FY 2024-25.
Logistics & Distribution
Not applicable for the company's service-based business model.
Strategic Growth
Expected Growth Rate
Not disclosed in available documents
Growth Strategy
The company plans to achieve growth by expanding its portfolio under the Jal Jeevan Mission (JJM), adopting stricter order selection criteria for projects with favorable IRRs, and focusing on deleveraging the balance sheet to improve cash flow cycles.
Products & Services
Feasibility Studies, Detailed Project Reports (DPRs), Project Management Consultancy (PMC), and Independent Engineer Services.
Brand Portfolio
Ekansh Concepts Limited (formerly Paramone Concepts Limited).
Market Expansion
Targeting expansion in the Water and Roads sectors across existing and new government clients.
External Factors
Industry Trends
The infrastructure consultancy industry is growing due to government emphasis on connectivity, water supply (JJM), and urban renewal.
Competitive Landscape
Operates in a competitive environment for government tenders, focusing on risk-adjusted returns and execution discipline.
Competitive Moat
Moat is based on deep sectoral experience in 6 infrastructure verticals and established relationships with PSUs, which are sustainable due to high technical entry barriers.
Macro Economic Sensitivity
Highly sensitive to India's GDP growth (estimated at 7.3%) and government infrastructure spending policies.
Consumer Behavior
Not applicable (B2G model); demand is driven by government policy and public infrastructure needs.
Regulatory & Governance
Industry Regulations
Subject to infrastructure policy changes, urban development standards, and government procurement norms.
Risk Analysis
Key Uncertainties
Execution delays, regulatory and policy changes, and financing costs are identified as key business risks.
Geographic Concentration Risk
100% of operations are concentrated in 5 Indian states, making the company vulnerable to regional policy shifts.
Third Party Dependencies
Dependent on government and PSU project approvals and funding cycles.
Technology Obsolescence Risk
Risk of falling behind in technical skillsets; mitigated by employee training and development programs initiated in FY 2024-25.
Credit & Counterparty Risk
Exposure to Government and PSUs; receivables quality is generally high but subject to long working capital cycles.