SHRADHA - Shradha Infrapr.

📊 NSE: SHRADHA 🏢 Construction 📅 Last Updated: 12/14/2025 13:15

💰 Financial Performance

Revenue Growth by Segment

The company reported an annual consolidated turnover of INR 106.59 Cr (INR 10,658.65 lakh) for FY 2024–25. Specific percentage growth by segment is not disclosed in the provided documents.

Geographic Revenue Split

Operations appear concentrated in Nagpur, Maharashtra, where the registered office and major property acquisitions (INR 37.18 Cr) are located. Specific regional percentage splits are not disclosed.

Capital Expenditure

Planned and historical expenditure includes a lump sum consideration of INR 37.18 Cr (INR 37,17,50,000) for the purchase of a property with an RCC building structure by subsidiary Solus Ventures LLP in December 2025. Additionally, INR 11.60 Cr is allocated for the acquisition of preference shares in SINPL.

Credit Rating & Borrowing

The acquisition of SINPL preference shares for INR 11.60 Cr is funded entirely through internal accruals, resulting in 0% financial indebtedness for this transaction. General borrowing costs and credit ratings are not disclosed.

⚙️ Operational Drivers

Raw Materials

Land and finished RCC (Reinforced Cement Concrete) building structures represent the primary assets/inputs for the realty business, as evidenced by the INR 37.18 Cr property acquisition.

Import Sources

Sourcing appears localized to Nagpur, Maharashtra, based on the location of the acquired property and the registered office.

Key Suppliers

Sarthak Electromech Private Limited is identified as a major vendor/seller for a property transaction valued at INR 37.18 Cr.

Capacity Expansion

The company is expanding its asset base through the acquisition of a finished RCC building structure in Nagpur for INR 37.18 Cr and consolidating 100% ownership of Suntech Infraestate Nagpur Private Limited (SINPL).

Raw Material Costs

Not disclosed as a specific percentage of revenue.

Manufacturing Efficiency

Not applicable as the company operates in the infrastructure and realty sectors.

📈 Strategic Growth

Expected Growth Rate

Not disclosed

Growth Strategy

Growth will be achieved through the consolidation of 100% ownership (equity and preference) of Suntech Infraestate Nagpur Private Limited to improve financial integration. The company is also executing a strategic rebranding to 'Shradha Realty' to align with its expanding business focus and has committed INR 37.18 Cr to new property acquisitions to grow its real estate portfolio.

Products & Services

Real estate development projects, infrastructure projects, and finished RCC building structures.

Brand Portfolio

Shradha, Shradha Infraprojects, and the proposed Shradha Realty.

New Products/Services

The company is pivoting its primary identity toward 'Realty' services, moving away from a general 'Infraprojects' label.

Market Expansion

Expansion is focused on consolidating the Nagpur market through subsidiaries like Solus Ventures LLP and Suntech Infraestate Nagpur Private Limited.

Strategic Alliances

Key internal alliances include Solus Ventures LLP (fellow subsidiary), Active Infrastructures Limited (subsidiary), and Riaan Ventures Private Limited (promoter group partner).

🌍 External Factors

Industry Trends

The industry is seeing a shift toward specialized realty branding and consolidation of subsidiary holdings to improve transparency, which the company is following through its name change and 100% SINPL ownership goal.

Competitive Landscape

Competes with other regional real estate and infrastructure developers in the Maharashtra region.

Competitive Moat

The company's moat is built on its established presence in the Nagpur region and its ability to fund significant acquisitions (INR 11.60 Cr) through internal accruals rather than debt.

Macro Economic Sensitivity

Highly sensitive to interest rate changes affecting real estate demand and urban development policies in Maharashtra.

Consumer Behavior

Demand is driven by the need for finished commercial and residential RCC structures in developing urban hubs.

Geopolitical Risks

Low, given the localized nature of real estate and infrastructure operations in Nagpur.

⚖️ Regulatory & Governance

Industry Regulations

Operations are governed by the Companies Act 2013 and specific real estate development norms. The company is currently seeking shareholder approval for a material Related Party Transaction under Regulation 23(1) of SEBI LODR.

⚠️ Risk Analysis

Key Uncertainties

The primary uncertainty involves the successful approval and integration of the material related party transaction (10.88% of turnover) and the market reception of the new 'Shradha Realty' brand.