💰 Financial Performance

Revenue Growth by Segment

The company is engaged exclusively in real estate activities, which constitutes 100% of its operations; specific segment revenue growth in INR was not disclosed in available documents.

Geographic Revenue Split

Operations are concentrated in Bengaluru and Chennai, targeting residential and commercial demand in these urban hubs; specific percentage split per city is not disclosed.

Profitability Margins

Return on Equity (ROE) declined from -0.01 in FY 2023-24 to -0.04 in FY 2024-25, representing a negative variance of 121% due to ongoing operational costs and lack of project completions during the period.

EBITDA Margin

Not disclosed in available documents; however, the company reported a negative ROE of -0.04 for FY 2024-25.

Capital Expenditure

The company maintains land inventories in Bengaluru and Chennai and is waiting for rightful opportunities to invest and construct; specific planned expenditure in INR Cr is not disclosed.

Credit Rating & Borrowing

The company follows a Zero Debt policy to expand via internal accruals; the Debt-Equity ratio improved from 0.12 to 0.11 (an 8.3% decrease) for the year ended March 31, 2025.

⚙️ Operational Drivers

Raw Materials

Key construction materials include steel, cement, sand, bricks, electrical components, plumbing fixtures, HVAC systems, and finishing materials.

Import Sources

Not disclosed in available documents; materials are likely sourced domestically within India to support projects in Chennai and Bengaluru.

Capacity Expansion

The company holds significant land inventories in Bengaluru and Chennai for future development; current employee capacity is 15 personnel as of March 31, 2025.

Raw Material Costs

Construction costs have risen due to volatility in crude oil and mineral prices; specific raw material costs as a percentage of revenue are not disclosed.

Manufacturing Efficiency

Not applicable as the company is in real estate development; efficiency is measured by project execution and land safeguarding.

📈 Strategic Growth

Expected Growth Rate

6.8%

Growth Strategy

The company aims to leverage its Zero Debt status and internal accruals to develop existing land banks in Bengaluru and Chennai. Strategy includes identifying new project opportunities in high-demand urban corridors and diversifying business objects through Memorandum of Association amendments.

Products & Services

Commercial spaces, residential properties, and land development projects.

Brand Portfolio

S V Global Mill Limited.

New Products/Services

The company is proposing to add a new business object (Object 5) to its Memorandum of Association to venture into new projects; expected revenue contribution is not yet disclosed.

Market Expansion

Focus remains on the Bengaluru and Chennai markets due to their proximity to transportation hubs and growing corporate ecosystems.

🌍 External Factors

Industry Trends

The real estate industry is seeing rising demand for residential and commercial spaces in Bengaluru and Chennai, supported by a professional class and developed corporate ecosystem; India remains a fast-growing large economy.

Competitive Landscape

The company competes with other real estate developers in the South Indian market, particularly those focused on commercial and residential segments in Chennai and Bengaluru.

Competitive Moat

The company's moat is built on a Zero Debt policy and ownership of prime land inventories in high-growth regions, providing a low-risk financial structure compared to leveraged competitors.

Macro Economic Sensitivity

Highly sensitive to Indian GDP growth (projected at 6.8% for FY26) and inflation, which spurs consumption demand in the real estate sector.

Consumer Behavior

Rising demand for quality residential and commercial spaces driven by a 'zestful professional class' in major South Indian hubs.

Geopolitical Risks

Ongoing wars in Asia and the Middle East since 2022 have caused volatility in crude oil and mineral prices, directly increasing construction material costs.

⚖️ Regulatory & Governance

Industry Regulations

Subject to local, state, and central laws governing land acquisition, construction, zoning, permitted land use, and building height; the subsidiary is regulated under the Reserve Bank of India Act, 1934 as an NBFC.

Environmental Compliance

Operations must comply with fire safety standards and environmental regulations governing land use and building height.

Taxation Policy Impact

The company is subject to taxation matters currently in legal proceedings; specific tax rates are not disclosed.

Legal Contingencies

The company is involved in legal proceedings relating to land and taxation matters; adverse decisions could significantly impact financials, though specific INR values are not disclosed.

⚠️ Risk Analysis

Key Uncertainties

Regulatory delays in obtaining approvals for construction can expose the business to higher holding costs; commodity price volatility poses a risk to project margins.

Geographic Concentration Risk

100% of business activity and land banks are concentrated in the Chennai and Bengaluru regions.

Third Party Dependencies

Dependency on regulatory bodies for land use approvals and construction permits.

Technology Obsolescence Risk

Not a primary risk for land-holding real estate, though digital transformation in internal controls is noted as adequate.

Credit & Counterparty Risk

The company monitors credit risk as part of its internal financial control system, though specific exposure is not quantified.