Strategically located Manufacturing Facility with modern technologies to support our product portfolio.
Integrated business model combining manufacturing and job work activities.
Strong standing relationships with customers with high retention rate.
Experienced Promoters supported by a professional management team with domain knowledge.
Healthy Track Record and Steady Growth.
The company's Manufacturing Facility and Registered Office are located in Rajasthan, and a significant portion of its revenue amounting to Rs.1,928.80 million, Rs.1,594.57 million and Rs.1,153.06 million constituting 37.31%, 50.47% and 95.31% of the company's total revenue from operations for Fiscal 2026, Fiscal 2025 and Fiscal 2024 respectively is also derived from this state. Further, its procurement from Rajasthan amounted to Rs.3,448.05 million, Rs.2,587.97 million and
Rs.505.83 million constituting 96.01%, 98.36% and 96.26% of purchases for the Fiscal 2026, Fiscal 2025 and Fiscal 2024. As a result, the company is exposed to geographic concentration risks that may adversely affect its operations, financial condition, and results of operations.
The Company currently carries out its business operations from a single manufacturing facility located at Bhilwara, Rajasthan. Any slowdown or shutdown of the company's manufacturing operations at its Manufacturing Facility could have an adverse effect on the company's business, financial condition and results of operations.
The company has experienced negative cash flows in the past, and any significant negative cash flows, if occurs, may adversely affect its business, financial condition and growth prospects.
There are outstanding litigations involving the Company, Subsidiary, Promoters, Directors, KMPs and SMPs. An adverse outcome in any of these proceedings may affect its reputation and standing and impact the company's future business and could have a material adverse effect on its business, financial condition, cash flows and results of operations.
Its Promoters have sold a portion of their shareholding in the Company's subsequent to the filing of the Draft Red Herring Prospectus, and any further sale or disinvestment of Equity Shares by its Promoters may adversely affect the market price and liquidity of the company's Equity Shares.
The company's Promoters have provided personal property and guarantee as collateral for borrowings availed by the Company.
The company enters into certain related party transactions in the ordinary course of its business and the company cannot assure you that such transactions will not adversely affect its business, results of operations, profitability and margins, cash flows and financial condition.
In the past the company's individual Promoter Deepank Bhandari was subject to disqualification and default for the period commencing from November 01, 2017, till December 1, 2019. He was also associated with entities that have been struck off, which may pose compliance risk and could subject it to adverse regulatory perceptions.
The company's debt-equity ratio as at Fiscals 2026, 2025 and 2024 was 2.48, 2.96 and 3.72 times, respectively. Its high debt-equity ratio may adversely affect its financial condition and results of operations.
There have been instances of irregularities, discrepancies in filings with the Registrar of Companies and other non-compliances under the Companies Act in the past, which may result in penalties and adverse consequences.
