Shri Krishna Devcon Ltd (SHRIKRISH) Share Price & Fundamentals

What we do

Shri Krishna Devcon Ltd is a real estate and infrastructure developer primarily operating integrated townships, residential and commercial projects in Indore and Mumbai.

Founded in

1,993

Market share

Focused player in Indore and Mumbai regions with steady project execution and market presence in residential and commercial real estate segments.

Problem solved

Addresses urban housing and commercial space needs through structured, timely-delivered real estate development supporting local growth.

Top clients or who we serve

Serves homebuyers and commercial clients, including IT park developers and retail consumers; operates primarily in B2C and B2B sectors.

Key management

Sunil Kumar Jain, Chairman and Managing Director; Naveen Kumar Jain, Director; Vikas Kumar Jain, Chief Financial Officer; Neeraj Anjane, Company Secretary.

Our journey and innovations

Started as a finance company, pivoted to real estate in 2007, launched key projects like Shri Krishna Enclave and Super Corridor in 2011-12; expanding with integrated townships and IT parks.

Where we operate

Major operations in Indore (Madhya Pradesh) and Mumbai (Maharashtra).

Top products or what we offer

Residential condominiums, commercial complexes, integrated townships, and large IT parks under development projects named Shri Krishna Enclave and Shri Krishna Super Corridor.

Top brands

Shri Krishna Enclave - a residential township; Shri Krishna Super Corridor - residential project; other commercial and infrastructure developments under SKDL.

Raw materials needed

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Raw materials supplier

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Recurring vs cyclical contribution

Revenue mainly project sales; thus largely cyclical linked to real estate market and project completion timelines.

Our industry position

A mid-sized real estate developer with consolidated success in selected regional markets, focusing on steady operational delivery and customer confidence.

Financial highlights

FY 2024-25 revenue Rs. 26.9 Crores, net profit Rs. 4.92 Crores, with growth of approximately 5.86% in revenue and 10.65% in profit year-over-year.

Geographical revenue split

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Order book

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Whats driving growth

Urbanization, real estate demand in Indore and Mumbai, timely project execution, and strong customer confidence drive growth.

Our future plans

Expansion into larger integrated townships and IT parks, leveraging favorable demographics and regulatory reforms for real estate development.

Our green promise

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Our people and values

A focused team of professionals with a small core employee base, emphasizing governance, compliance, and ethical business practices.

Key challenges ahead

Volatility in input costs, regulatory compliances, fluctuating demand cycles, and macroeconomic uncertainties in the real estate sector.

Interesting facts

Transitioned from finance to real estate leadership in 2007; has delivered multiple landmark residential and commercial projects in key Indian cities.

Risks and strategy

Risks from market cycles and costs mitigated through prudent cost management, operational efficiency, and adherence to regulatory norms.