**(Formerly Shradha Infraprojects Limited)** Shradha Realty Limited is a prominent Nagpur-based real estate and infrastructure development firm. The company has transitioned from a pure-play infrastructure player to a diversified real estate developer, focusing on high-growth urban markets in Maharashtra, Chhattisgarh, and Uttar Pradesh. Operating through a **scalable outsourcing model**, the company leverages specialized external expertise for execution while retaining core competencies in land bank management, strategic planning, and business development. --- ### **Strategic Corporate Transformation & Capital Structure** The company has recently undergone a significant rebranding and restructuring exercise to align its corporate identity with its primary revenue drivers. * **Brand Realignment:** In **February 2026**, the company changed its name to **Shradha Realty Limited**, signaling a definitive pivot toward property development. * **Capital Expansion:** To support large-scale acquisitions, the **Authorized Share Capital** was increased from **₹11 Crore** to **₹25 Crore** in **January 2025**. * **Liquidity Enhancement:** The company has performed two strategic stock splits to improve retail participation: * **January 2023:** Sub-division from face value **₹10** to **₹5**. * **December 2024:** Sub-division from face value **₹5** to **₹2**. * **Rights Issue:** Successfully raised **₹121.50 Crore** in **late 2025** at an issue price of **₹40 per share** (Ratio **3:5**) to fund the project pipeline. --- ### **Core Business Segments & Revenue Models** Shradha Realty operates through two distinct verticals with specialized accounting treatments: | Segment | Scope of Work | Revenue Recognition | | :--- | :--- | :--- | | **Real Estate** | Residential, commercial, retail, and educational complexes. | **Point in time** (upon handover of units). | | **Infrastructure** | Roads, dams, water supply, and civil engineering (EPC). | **Milestone-based** (percentage of completion). | --- ### **Real Estate Portfolio: Residential & Commercial Landmarks** The company maintains a dominant market share in Nagpur, with a portfolio spanning high-density residential schemes and specialized commercial hubs. #### **Ongoing & Pipeline Projects** * **Abhiman Niwas (Nagpur):** A massive residential group housing scheme featuring **7 Towers** (280 flats). Part Occupancy Certificate (OC) was received in **November 2024**. * **Riaan Towers (Sadar):** A **24,241.32 sq. mtrs.** commercial/educational hub featuring **121 blocks** across **10 stories**. * **Riaan Corporate Park (LIC Square):** A **13,951.24 sq. mtrs.** development with **56 offices** and **5 shops**. * **Riaan Plaza (Gokulpeth):** An educational facility (formerly Sanjeevani Hospital) comprising **2,425.75 sq. mtrs.** across **7 floors**. #### **Completed Landmark Portfolio** * **Mangalam Shradha:** A **2,70,000 sq. ft.** mixed-use project with 80 flats and 40 commercial blocks. * **Shradha House:** A **52,684 sq. ft.** corporate landmark in Kingsway, Nagpur. * **Shradha Busiplex:** A **60,000 sq. ft.** retail and office space in Wardha. * **Victoria House:** A **25,000 sq. ft.** specialized healthcare facility (Nursing Home). --- ### **Infrastructure & EPC Operations** Through its subsidiaries and joint ventures, the company executes high-value government and national infrastructure projects. * **National Highway Project (UP):** Execution of a **13.70 Km** four-lane road (Rampur-Rudrapur Section) via step-down subsidiary **Digvijay Shradha Infrastructure**. Project value: **₹240.40 Crore**. * **Water Supply & Irrigation:** * **SWSM Project:** Prefabricated chlorination rooms valued at **₹67 Crore**. * **Wainganga-Nalganga River Link:** Sub-consultancy work valued at **₹37.12 Crore**. * **Dam & Heritage Works:** * **Gangrel Dam (Chhattisgarh):** Repair and re-sectioning valued at **₹5.33 Crore**. * **Tripura Temples:** Upgradation of visitor facilities via **Mecgale Active JV** (**₹32.42 Crore**). --- ### **Subsidiary Ecosystem & Monetization Strategy** Shradha Realty utilizes a hub-and-spoke model with specialized subsidiaries to manage procurement and niche engineering. * **Active Infrastructures Limited (AIL):** A material subsidiary listed on the **NSE EMERGE SME** platform in **March 2025**. AIL serves as the central procurement agency for the group and focuses on water supply and geotechnical projects. * **Suntech Infraestate Nagpur Pvt Ltd (SINPL):** A wholly-owned subsidiary (consolidated **100%** in **Dec 2025**) managing a **₹150 Crore** commercial project. * **Mrugnayani Infrastructures Pvt Ltd:** A **51%** owned subsidiary focused on regional infrastructure. * **Asset Monetization:** The company aggressively recycles capital by selling floor space in completed projects. Notable sales include: * **₹55.50 Crore** total from three floors of **Riaan Towers** (2023–2024). * **₹8.40 Crore** from office blocks in **Shradha House** (2025–2026). --- ### **Financial Performance & Yield Generation** The company has demonstrated a consistent upward trajectory in profitability and has diversified its income streams through long-term leases. #### **Key Financial Metrics (Consolidated)** | Metric (₹ in Crore) | FY 2024-25 | FY 2023-24 | FY 2022-23 | | :--- | :---: | :---: | :---: | | **Total Revenue** | *Pending* | **110.44** | **97.51** | | **Profit After Tax (PAT)** | **22.09** | **20.02** | **14.26** | | **Earnings Per Share (EPS)** | **₹3.64** | **₹3.68** | - | * **Rental Income:** The company has secured steady cash flows through leases with **Physicswallah Pvt Ltd** (**₹1.80 Cr** annual rent) and **Reliance Nippon Life Insurance** (**₹24 Lakhs** annual rent). * **Shareholder Returns:** Recommended a final dividend of **25%** (**₹0.50 per share**) for FY 2024-25. --- ### **Risk Profile & Mitigation Framework** Shradha Realty manages a complex risk landscape through a dedicated **Risk Management Committee** and proactive financial provisioning. * **Legal & Recovery Risks:** The company is pursuing **₹12.50 Crore** from **Infrasian Construction**. A prudent provision was recognized in **Q3 FY2025-26**, which temporarily impacted EPS. * **Regulatory & Labor Shifts:** The company is currently assessing the impact of the **four New Labour Codes** effective **November 2026**. * **Market & Input Risks:** To mitigate the volatility of steel and cement prices, the company utilizes **Related Party Transactions** (up to **₹25 Crore** each from **SINPL** and **AIL**) to stabilize material procurement through **FY 2029-30**. * **Financial Exposure:** Variable rate borrowing exposure was significantly reduced from **₹493.95 Lakhs** in 2023 to **₹129.65 Lakhs** in 2024, lowering interest rate sensitivity. * **Operational Mitigation:** The use of **Surety Bond Insurance** has been adopted to reduce reliance on traditional bank guarantees, freeing up credit lines for project expansion.