Ekansh Concepts Limited is a multi-expertise infrastructure consultancy and outsourcing organization serving as a strategic partner for the Indian government, Public Sector Undertakings (**PSUs**), and multilateral agencies. The company operates as an integrated service provider, managing large-scale projects across the infrastructure lifecycle—from initial feasibility to final execution. Following a period of restructuring, the company has successfully pivoted toward a high-discipline operational model, achieving a significant financial turnaround in **FY 2024-25** by focusing on selective order booking, financial deleveraging, and urban renewal. --- ### **Core Service Architecture & Sectoral Footprint** The company provides end-to-end consultancy and **Engineering, Procurement, and Construction (EPC)** facilities. Its service suite is designed to support complex economic and urban development initiatives: * **Advisory & Planning:** Feasibility Studies, **Detailed Project Reports (DPRs)**, and e-governance strategy. * **Project Oversight:** **Project Management Consultancy (PMC)** and **Independent Engineer Services**. * **Specialized Urban Advisory:** Rehabilitation and resettlement plans, municipal development fund raising, and public financial reforms. **Primary Sectoral Focus:** * **Transport:** Roads, Highways, and transit-oriented development. * **Urban Infrastructure:** Affordable Housing, **Smart Cities**, and resilient urban planning. * **Utilities & Water:** Water supply and sanitation, with a heavy emphasis on the **Jal Jeevan Mission (JJM)**. * **Environment:** Solid waste management and green infrastructure. **Geographic Presence:** The company maintains a robust operational footprint across five key Indian states: **Maharashtra, Madhya Pradesh, Odisha, Chhattisgarh, and Jharkhand**. --- ### **Strategic Portfolio Rationalization** Ekansh Concepts has aggressively moved to streamline its corporate structure to focus on core infrastructure competencies. A key component of this strategy was the divestment of non-core assets. * **Subsidiary Divestment:** On **February 02, 2024**, the company disposed of its entire equity stake in **Choice Realty Private Limited** for a consideration of **₹21,00,000**. * **Joint Venture Integration:** The company continues to operate through its active joint venture, **Ekansh Concepts Limited JV Futuristic Transindia Development Pvt. Ltd.**, acquired on **July 11, 2022**. --- ### **Financial Turnaround & Performance Metrics** The company demonstrated a strong recovery in **FY 2024-25**, returning to profitability despite a contraction in total income. This was achieved through tighter fiscal controls and improved revenue recognition under **Ind AS 115**. | Metric (Consolidated) | FY 2024-25 | FY 2023-24 | FY 2022-23 | | :--- | :--- | :--- | :--- | | **Total Income (INR Crore)** | **46.27** | **51.10** | **75.87** | | **Profit Before Tax (PBT)** | **₹2.44 Cr** | (**₹3.04 Cr**) Loss | — | | **Profit After Tax (PAT)** | **₹1.92 Cr** | (**₹3.31 Cr**) Loss | **₹7.51 Cr** | | **Earnings Per Share (EPS)** | **1.27** | **(2.18)** | — | | **Consolidated Net Worth** | **₹48.44 Cr** | — | — | *Note: Net Worth was reported at **₹46.02 Crore** as of September 2024.* --- ### **Capital Structure & Deleveraging Strategy** A primary strategic pillar for the company is the transition toward a leaner balance sheet. Management has prioritized **deleveraging** and improving **working capital cycles**. * **Debt Reduction:** Net debt was aggressively reduced to **₹960.13 Lakhs** in March 2025, down from **₹4,907.21 Lakhs** in March 2024. * **Borrowing Profile:** Total current and non-current borrowings stood at **₹1,113.24 Lakhs** as of March 31, 2025. * **Equity Stability:** Paid-up Equity Share Capital remained stable at **₹15,12,76,000**. * **Taxation:** The company has irreversibly opted for the concessional domestic tax rate of **25.17%** under **Section 115BAA**. * **Dividend Policy:** To maintain liquidity and capital strength for future growth, the Board recommended **no dividend** for **FY 2024-25**. --- ### **Operational Discipline & Leadership** The company is shifting from volume-based growth to a **risk-adjusted return** model. This involves stricter criteria for project selection to protect margins and ensure high **Internal Rates of Return (IRR)**. * **Leadership Stability:** **Mr. Sandeep Mandawewala** was appointed as **Managing Director** effective **January 13, 2025**, for a **5-year term** ending in 2030, signaling a commitment to long-term executive stability. * **Digital Transformation:** Strategic investments are being made in **digital tools, technology, and workforce upskilling** to enhance project execution capabilities and maintain **ISO standards**. * **Asset Monetization:** The company is building its water and utility portfolio with a specific view toward future **monetization potential**. --- ### **Enterprise Risk Management (ERM) Framework** Ekansh Concepts utilizes a proactive ERM system overseen by the **Audit Committee** to mitigate operational and financial volatility. | Risk Category | Mitigation Strategy | | :--- | :--- | | **Execution Risk** | Focus on **execution discipline** and completing projects ahead of schedule to avoid cost overruns. | | **Interest Rate Risk** | Managing exposure to floating rates on long-term debt through a balanced portfolio of fixed and variable borrowings. | | **Credit Risk** | Utilization of an **Expected Credit Loss (ECL) model** under **Ind-AS 109** and a provision matrix for trade receivables. | | **Liquidity Risk** | Managed through a mix of bank and unsecured loans; current working capital is deemed sufficient. | | **Regulatory Risk** | Continuous monitoring of policy changes, including the transition to the **four new Labour Codes** (notified **Nov 2025**). | **Regulatory Compliance Note:** The company is currently assessing the impact of the new Labour Codes (Wages, Industrial Relations, Social Security, and Occupational Safety). While employee benefit obligations are being reviewed, management expects the material financial impact to be **minimal**. Furthermore, the company maintains strict compliance with executive remuneration limits, with no employee exceeding **₹1.02 Crore** per annum.