BSE: 544399
SRIGEE DLM LIMITED
Designs and manufactures plastic moulded components for branded consumer durables, automotive and electronics customers, including air coolers, white goods, automotive parts and mobile components. Customers include Symphony, Havells, LG and Yamaha, with the top 10 customers contributing nearly 89% of revenue. Operations run from Greater Noida, where a new ~10,850 square metre integrated facility at the Integrated Industrial Township is under construction to support a planned fivefold capacity expansion; the older plant, which contributed about 9% of revenue last year, is being sold to a promoter-related entity for ₹2.53 crore and leased back until the new site is ready. The company has also launched a 'Polymos' polymer compounding brand. The cost stack is dominated by raw materials, with employees and other operating expenses making up much smaller shares, and capex running at a high level of revenue. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Plastic components for consumer durables, Automotive plastic parts, Mobile and electronics components, Polymer compounding. Small B2B plastic component manufacturer; customer-concentrated and in a heavy capex expansion phase
Exhibit 1: Financial summary, FY25–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY25 | FY26 |
|---|---|---|
| Revenue | 71 | 72 |
| EBITDA (ex other income) | — | — |
| margin % | — | — |
| Owners' profit | — | — |
| EPS, as reported (₹) | 11.76 | 11.50 |
| ROE % · ROCE % | — · 31.2 | — · 16.8 |
| Debt / equity (x) | — | — |
| Cash from operations | 1 | 9 |
| Capex | (3) | (21) |
Exhibit 2: Quarterly performance, last 3 quarters
| ₹ crore | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|
| Revenue | 35 | 21 | 51 |
| Profit before tax | 3 | 2 | 6 |
| Net profit | — | — | — |
| EPS (₹) | 6.34 | 2.25 | 9.25 |
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| ADITYA INFOTECH LIMITED | 47,010 | 97.6 | 25.05 | 81.1 | 19.6 | 24.5 | — | 14.8 |
| SYRMA SGS TECHNOLOGY LTD | 32,374 | 87.3 | 10.56 | 56.3 | 11.3 | 13.4 | — | 11.1 |
| HONEYWELL AUTOMATION IND | 28,600 | 52.1 | 6.41 | — | 11.8 | 15.5 | — | 18.2 |
| JYOTI CNC AUTOMATION LTD | 23,149 | 72.0 | 11.57 | 40.8 | 16.8 | 19.2 | — | 22.2 |
| KAYNES TECHNOLOGY IND LTD | 21,672 | 62.6 | 4.55 | 30.8 | 7.6 | 9.8 | — | 17.1 |
| LMW LIMITED | 17,592 | 100.7 | 6.14 | 57.0 | 4.6 | 5.9 | 13.2 | 11.9 |
| TEGA INDUSTRIES LIMITED | 14,712 | 516.7 | 4.32 | 44.3 | 4.2 | 5.4 | — | 4.2 |
| LLOYDS ENGG WORK LIMITED | 14,156 | 55.6 | 8.41 | 58.0 | 11.7 | 11.5 | — | 15.0 |
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 4.2 | 28.5 | 8 of 130 | 95% |
| ROCE | 15.6 | 11.3 | 48 of 142 | 67% |
| Market cap | 45 | 322 | 113 of 141 | 20% |
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 5 Oct 2026 · Routine SEBI compliance filing for Q2 FY27 dematerialization certificate | compliance | minimal | — | — |
| 30 Sept 2026 · SRIGEE DLM: Shareholders approve reallocation of unutilised IPO funds | capital market events | high | — | — |
| 30 Sept 2026 · Srigee DLM 21st AGM: 3 resolutions passed, including IPO object variation | board shareholder meetings | low | — | — |
| 30 Sept 2026 · 21st AGM held; 3 resolutions passed including variation in IPO objects | board shareholder meetings | low | — | — |
| 26 Sept 2026 · Trading window closed from October 1 ahead of H2 results | compliance | minimal | — | — |
| 9 Sept 2026 · SRIGEE DLM held investor meet with 14 funds on 09 Sep 2026, no UPSI shared | investor communications | low | — | — |
| 9 Sept 2026 · SRIGEE DLM files newspaper notice for 21st AGM (FY 2025-26) | compliance | minimal | — | — |
| 8 Sept 2026 · SRIGEE DLM 21st Annual Report FY25-26 filed; AGM on Sept 30, 2026 | compliance | low | — | — |
| 8 Sept 2026 · 21st AGM on Sep 30, 2026; seeks nod to reallocate INR 424.40 lakh IPO funds | board shareholder meetings | low | — | — |
| 7 Sept 2026 · Board approves IPO fund reallocation of Rs 424.40 lakh and 21st AGM on Sept 30 | board shareholder meetings | medium | — | — |
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.