💰 Financial Performance

Revenue Growth by Segment

Not disclosed in available documents, though the company is in a growth phase following its conversion from a partnership firm on June 01, 2024.

Geographic Revenue Split

Not disclosed in available documents; however, the company is headquartered in Vadodara, Gujarat.

Profitability Margins

Operating Profit Margin was 10.69% and Net Profit Margin was 0.03% for the period ended March 31, 2025.

Capital Expenditure

Not disclosed in absolute INR Cr, but the company incurred substantial expenses towards business growth and its SME platform listing on the NSE.

Credit Rating & Borrowing

Not disclosed in available documents, but the Interest Coverage Ratio was 5.36 as of March 31, 2025.

⚙️ Operational Drivers

Raw Materials

Specific raw materials include steel, cement, and bitumen, which are critical for road and motorway construction.

Capacity Expansion

Not disclosed in units, but the company issued 12,00,000 equity shares in May 2025 to fund its growth phase.

Raw Material Costs

Not disclosed as a specific percentage of revenue, but fluctuations in commodity prices for steel, cement, and bitumen are identified as key risks to project margins.

Manufacturing Efficiency

Inventory Turnover Ratio was 79.44 and Debtors Turnover was 17.37 as of March 31, 2025.

📈 Strategic Growth

Expected Growth Rate

Not disclosed

Growth Strategy

Growth will be achieved through capital raising via an IPO of 12,00,000 shares on the NSE EMERGE SME Platform (listed May 20, 2025) and the conversion from a partnership firm to a public limited company to facilitate expansion in the construction and maintenance of motorways and roads.

Products & Services

Construction and maintenance of motorways, streets, and roads.

Brand Portfolio

Integrity Infrabuild Developers Limited.

🌍 External Factors

Industry Trends

The infrastructure industry is characterized by a shift toward digitized compliance management and robust risk protocols to handle commodity price volatility and regulatory changes.

Competitive Moat

The company maintains a competitive advantage through its digitized internal financial controls and an adequate compliance management system for product and safety laws.

Macro Economic Sensitivity

Highly sensitive to interest rate movements and inflationary pressures due to a high Debt-Equity Ratio of 4.16.

Geopolitical Risks

Global economic uncertainties and currency volatility are identified as factors that could influence international project profitability.

⚖️ Regulatory & Governance

Industry Regulations

Operations are subject to product laws, manufacturing laws, safety laws, and Secretarial Standards (SS-1 and SS-2).

Environmental Compliance

Not disclosed in absolute INR, but the company monitors evolving environmental regulations to avoid penalties.

Legal Contingencies

Not disclosed in available documents; the secretarial audit reported no material weaknesses or reportable non-compliances.

⚠️ Risk Analysis

Key Uncertainties

Key uncertainties include commodity price fluctuations (steel, cement, bitumen) and labor productivity, which could impact project margins and delivery schedules.

Geographic Concentration Risk

Headquartered in Vadodara, Gujarat; specific project geographic split is not disclosed.

Technology Obsolescence Risk

Internal financial controls have been digitized and embedded in business processes to mitigate reporting risks.

Credit & Counterparty Risk

Debtors Turnover of 17.37 suggests active management of receivables, though the Current Ratio of 0.77 indicates potential liquidity pressure.