Srigee DLM targets ₹100 cr revenue, building a factory four times its current size
A Samsung request for more capacity is the immediate catalyst for the nano-cap's aggressive expansion plan.
— 2 earlier stories on Srigee DLM Ltd. →What's new
- Management set a ₹100 crore revenue target for FY27, up from ₹72.3 crore in FY26.
- The company is building a 10,850 sqm factory, four times its current size, to be commissioned by Diwali.
- The ₹50 crore capex is funded by ₹17 crore of IPO proceeds and ₹33 crore of bank debt.
Why this matters
Srigee is betting its balance sheet on a single customer request. The scale of the factory is big for a ₹51 crore market-cap company. The target requires doubling sales in two years, a pace Samsung's demand must sustain.
What we're watching
- Whether the new facility hits the Diwali commissioning deadline.
- The actual monthly revenue run-rate from the expanded Samsung lines.
- The interest burden from the ₹33 crore bank debt at 8-9%.
The full read
Srigee DLM is building a factory four times its current size. The 10,850 sqm campus will cost ₹50 crore, funded by ₹17 crore of IPO proceeds and ₹33 crore of bank debt. The bet is on a ₹100 crore revenue target for FY27, a 38% increase over FY26. The catalyst is a request from Samsung for more assembly capacity, which management expects to lift that segment's monthly revenue to ₹2-2.5 crore. Polymer compounding capacity will also triple to 150 metric tons monthly. For a ₹51 crore market-cap company, scaling this aggressively on debt is the core risk. The plant must be commissioned by Diwali to hit the timeline. That's the first test.
Questions answered
- How does the ₹100 crore FY27 target compare to Srigee's current performance?
- The target is a 38% increase over FY26 revenue of ₹72.3 crore. It would push annual sales beyond the company's ₹51 crore market capitalization.
- What is the specific demand signal for the expansion?
- Samsung has requested additional capacity for mobile phone assembly. Management expects this to lift monthly revenue from that segment to ₹2-2.5 crore.
- How is the ₹50 crore factory being paid for?
- The funding mix is ₹17 crore from IPO proceeds, ₹33 crore in bank debt at 8-9%, and the sale of existing assets. The company abandoned a smaller facility plan for this larger campus.
- What was Srigee's H2 FY26 performance?
- Srigee reported total income of ₹54.3 crore and net profit of ₹5.5 crore for the second half, more than double the prior-year profit. Full-year net profit rose 37% to ₹6.9 crore.
Srigee DLM Ltd.
Latest quarter · Mar 2026
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All notes on SRIGEE →- 11 Jun 2026 · 1:20 PM IST Srigee DLM targets ₹100 cr revenue, building a factory four times its current size
- 23d ago Srigee DLM targets ₹100 cr revenue, bets big on new factory
- 26d ago Srigee DLM doubles H2 profit, full-year revenue flat