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Shreejikrupa Project Limited

DRHP · filed 05 Oct 2026

Draft filed

This is a draft. SEBI has not cleared it, there is no final price yet, and it may never become an IPO.

Shreejikrupa Project Limited is a construction company with a revenue CAGR of 59.79% and a latest revenue of Rs 1385.679 crore, generating a profit of Rs 79.34 crore. The company's business is heavily dependent on government projects, with 89.62% of revenue and 84.44% of its order book coming from government customers. The draft prospectus highlights high risks regarding customer concentration and regulatory dependence, as well as medium risks related to segment concentration in academic, healthcare, and residential infrastructure.

What stands out

Risk factor. A significant portion of our revenue from operations (89.62% in Fiscal 2026) is generated from projects awarded by government (both central and state), government related entities and PSUs.

Risk factor. A significant portion of our order book (84.44% as at June 30, 2026) comprises orders received from Government customers.

Risk factor. Our business is and, for the foreseeable future will continue to be, significantly dependent on Government customers and the government policies on the basis of which such projects are executed.

Risk factor. Inability to garner new contracts from, or termination of existing contracts with, Government customers would materially and adversely affect our business and financial condition.

Strong revenue growth. Restated revenue CAGR of 59.8%.

Healthy return on equity. ROE of 26.5%.

How the offer is structured

  • purchase and installation of equipment and machinery₹13.9 Cr
  • scaffolding₹37.5 Cr
  • Part funding our incremental working capital requirements of our Company₹250 Cr
  • General corporate purposes

Restated financials

Revenue

₹1.39k Cr

Latest fiscal year

Profit after tax

₹79.3 Cr

Revenue CAGR

59.8%

Return on equity

26.5%

Debt / equity

0.87

PAT CAGR

41.9%

Fiscal yearRevenueEBITDAPATNet worth
2024₹543 Cr₹39.4 Cr₹154 Cr
2025₹853 Cr₹66.5 Cr₹220 Cr
2026₹1.39k Cr₹79.3 Cr₹299 Cr

Promoters, litigation & related parties

Promoter (pre)

83.7%

Related-party

0.3%

Share of revenue

Except as stated in this section, there are no outstanding (a) criminal proceedings (including first information reports even if no cognizance has been taken by any court) involving our Company, Directors, Promoters, Key Managerial Personnel and members of Senior Management; (b) actions (including all penalties and show cause notices) by any statutory or regulatory authorities involving our Company, Directors, Promoters, Key Managerial Personnel and members of Senior Management; (c) disciplinary action including penalty imposed by SEBI or stock exchanges against our Promoters in the last 5 Fiscals including outstanding action; (d) claim involving our Company, Directors or Promoters for any direct or indirect tax liabilities (disclosed in a consolidated manner giving the total number of claims and total amounts involved); and (e) other pending civil litigations including arbitration involving our Company, Directors, Promoters (other than proceedings covered under (a) to (d) above) which have been determined to be material pursuant to the materiality policy approved by our Board in its meeting held on September 28, 2026, (Materiality Policy) (as disclosed herein below).

Risks the company discloses

  • A significant portion of our revenue from operations (89.62% in Fiscal 2026) is generated from projects awarded by government (both central and state), government related entities and PSUs.(Customer Concentration)

  • A significant portion of our order book (84.44% as at June 30, 2026) comprises orders received from Government customers.(Customer Concentration)

  • Our business is and, for the foreseeable future will continue to be, significantly dependent on Government customers and the government policies on the basis of which such projects are executed.(Regulatory)

  • Inability to garner new contracts from, or termination of existing contracts with, Government customers would materially and adversely affect our business and financial condition.(Customer Concentration)

  • Any adverse change in the policies adopted by the government regarding award of its projects such as pre-qualification criteria could adversely affect our ability to bid for and/or win such projects.(Regulatory)

  • Any adverse changes in the central government or state government policies may lead to our contracts being foreclosed or terminated and we may not be able to recover the amounts due to us from the Government customers pursuant to work completed by us in a timely manner or at all.(Regulatory)

  • A significant portion of our revenue from operations (85.56% in Fiscal 2026) is generated from academic & healthcare infrastructure and residential & office buildings segments.(Segment Concentration)

  • Our revenue from operations, growth and financial conditions may be adversely affected if there is a decrease in the number of projects we garner from these segments.(Segment Concentration)

How this document reads, dimension by dimension

growthrevenue CAGR 59.8%
balance sheetdebt/equity 0.87x
profitabilityROE 26.5%

Each bar is a fixed formula applied to the figures shown above, scored 0–100. This is a reading of what the company disclosed — not a recommendation to apply or avoid, not a price target, and not a prediction of listing performance. Dimensions that could not be extracted are excluded rather than assumed, so coverage varies between documents.

Figures are extracted automatically from the document filed with SEBI and may contain errors — the linked SEBI document is the authoritative record; analysed 06 Oct 2026.

Not investment advice

These lists are rules-based research, not buy recommendations. Rankings are generated from NSE & BSE data by a deterministic formula and do not account for your personal circumstances. For informational purposes only. Consult a SEBI-registered advisor before investing.

Shreejikrupa Project Limited DRHP — SEBI filing analysis | DocStoX