Srigee DLM targets ₹100 cr revenue, bets big on new factory
Management sets a ₹100 cr FY27 target, more than doubling FY26's ₹72.3 cr, and eyes ₹200-250 cr in FY28. A 10,850 sqm campus will be commissioned by Diwali, funded by IPO proceeds and debt.
— 2 earlier stories on Srigee DLM Ltd. →What's new
- Management sets ₹100 crore revenue target for FY27, more than doubling FY26's ₹72.3 crore.
- New 10,850 sqm manufacturing campus to be commissioned by Diwali, replacing smaller Ecotech-10 plan.
- Polymer compounding capacity to triple to 150 metric tons monthly; mobile phone assembly revenue to double.
Why this matters
For a ₹49 cr market cap company, these targets imply rapid scaling. The new facility is a big bet, funded by IPO proceeds and bank debt — execution risk is high, but if achieved, it reshapes the business.
What we're watching
- Whether the new campus is commissioned on schedule by Diwali.
- How much of the ₹33 cr bank debt is taken on — debt/equity is currently just 0.20.
- Order pipeline to support the doubling of mobile phone assembly revenue.
The full read
Management is laying out an aggressive plan: ₹100 crore revenue this year, more than double FY26's ₹72.3 crore, and then ₹200-250 crore next year. The new 10,850 sqm campus is the engine, replacing a smaller plan and quadrupling the facility size, to be commissioned by Diwali. Funding comes from ₹17 crore of IPO proceeds, ₹33 crore of bank debt, and asset sales. Polymer compounding capacity will triple to 150 metric tons monthly, and mobile phone assembly revenue is expected to double. For a ₹49 crore market cap company, these targets imply a dramatic scaling. The strong H2 FY26 performance (net profit doubled to ₹5.5 crore) and low debt levels (debt/equity 0.20) give some credibility. The gap between aspiration and reality, however, is wide. Execution hinges on commissioning the plant on time and securing orders. That is the bet.
Questions answered
- What is the FY26 revenue and profit base?
- FY26 revenue from operations was ₹72.3 crore, and net profit grew 37% to ₹6.9 crore. H2 FY26 was stronger, with total income of ₹54.3 crore and net profit of ₹5.5 crore.
- How is the new factory being funded?
- The 10,850 sqm campus will be funded through ₹17 crore of IPO proceeds, ₹33 crore of bank debt, and asset sales.
- What is the polymer compounding capacity expansion?
- Polymer compounding capacity will triple to 150 metric tons per month from the current level.
- What happened to the earlier Ecotech-10 plan?
- Management abandoned the smaller Ecotech-10 plan in favour of the larger 10,850 sqm campus, which is four times the size.
- What is the FY28 revenue aspiration?
- Management set an aspiration of ₹200-250 crore for FY28, implying a more than doubling from the FY27 target of ₹100 crore.
Srigee DLM Ltd.
Latest quarter · Mar 2026
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All notes on SRIGEE →- 13 Jun 2026 · 2:42 PM IST Srigee DLM targets ₹100 cr revenue, bets big on new factory
- 25d ago Srigee DLM targets ₹100 cr revenue, building a factory four times its current size
- 26d ago Srigee DLM doubles H2 profit, full-year revenue flat