What we do Shricon Industries Ltd specializes in civil work and real estate services, catering primarily to mid and lower-income segments in India. |
Founded in 1,984 |
Market share Well-established player in regional real estate and civil construction sectors with steady revenue streams. |
Problem solved Providing affordable real estate solutions to underserved mid and lower-income groups, addressing housing accessibility. |
Top clients or who we serve Mid and lower-income individual homebuyers and real estate clients; primarily B2C. |
Key management - |
Our journey and innovations Incorporated in 1984, renamed in 1995; consistently delivering civil work and leveraging legacy experience. |
Where we operate Primarily in Rajasthan, India, with a focus on local real estate development. |
Top products or what we offer Affordable residential real estate projects and civil construction services. |
Top brands - |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue largely from civil work projects; other income contributes to financial stability. |
Our industry position A regional player listed on Bombay Stock Exchange, maintaining steady profitability and market presence. |
Financial highlights FY 2023-24 revenue approximately Rs. 57.42 Lakhs from operations; profit after tax Rs. 87.08 Lakhs. |
Geographical revenue split Revenue primarily from operations within Rajasthan, India. |
Order book - |
Whats driving growth Demand for affordable housing and steady government/private real estate projects. |
Our future plans Ongoing focus on real estate projects and enhancing operational efficiencies. |
Our green promise Committed to eco-friendly practices by minimizing paper usage through electronic reporting. |
Our people and values Maintains cordial industrial relations, emphasizing employee contributions and positive work culture. |
Key challenges ahead Competitive real estate market and managing operational costs effectively. |
Interesting facts Company has maintained consistent profitability despite market fluctuations over decades. |
Risks and strategy Risks include market demand variability; strategy focuses on leveraging legacy and targeted housing segments. |
