Infrax Renewable Ltd
Our Company is an ISO 9001:2015 certified. 1. We are engaged in providing solar Engineering, Procurement and Construction (EPC) services, including solar power solutions for Rooftop and Ground Mount solar projects. Our EPC services encompass project design, engineering, procurement, installation, testing, commissioning and comprehensive operation & maintenance services, enabling us to manage all aspects of project execution from site assessment to final commissioning. Installation is undertaken majorly by our dealers or by third parties hired by our company, as the case may be. 2. We are engaged in the supply and distribution of a wide range of solar products, including Solar PV (Photovoltaic) modules, Solar PV inverters and related solar products. 3. Our Company is also engaged in Independent Power Producer (IPP) activities through execution of Power Purchase Agreements (PPAs) with Paschim Gujarat Vij Company Limited (PGVCL) by establishing our own solar power plant situated at Bhadla (Jasdan) Gujarat for generation and sale of electricity to PGVCL. Our Company supplies above its services and products through a diversified sales and distribution network comprising authorised dealers across various regions, enabling wider market reach and efficient customer servicing. Further, our Company has been empaneled as a national vendor for implementation of solar power projects under government-sponsored schemes including the PM Surya Ghar: Muft Bijli Yojana Rooftop Solar Programme.
Timeline
Subscription
Reports
Offer Details
Terms
Application Sizes
Managers & Registrar
Ownership & Proceeds
Offer for Sale
Shareholding
Objects of the Issue
- Funding of capital expenditure of the Company towards purchase of machineries and equipments for proposed manufacturing facility;
- Funding working capital requirements of the Company
- General corporate purposes
Anchor Book
Financials
Profit & Loss
| Financial Year | FY24 | FY25 | FY26 |
|---|---|---|---|
| RevenueCr | 10 | 30 | 93 |
| Operating ProfitCr | 2 | 5 | 15 |
| OPM% | 18.2 | 14.8 | 15.6 |
| PBTCr | 2 | 4 | 14 |
| PATCr | 1 | 3 | 10 |
| EPS | 10 | 29 | 87 |
Balance Sheet
| Financial Year | FY24 | FY25 | FY26 |
|---|---|---|---|
| Equity CapitalCr | 0 | 1 | 1 |
| ReservesCr | 1 | 1 | 15 |
| BorrowingsCr | 0 | 3 | 7 |
| Total AssetsCr | 4 | 8 | 32 |
Cash Flow
| Financial Year | FY24 | FY25 | FY26 |
|---|---|---|---|
| Operating Cash FlowCr | 2 | 0 | -3 |
| Investing Cash FlowCr | 0 | 0 | -5 |
| Financing Cash FlowCr | -1 | 0 | 7 |
| Net Cash FlowCr | 0 | 0 | 0 |
Strengths & Risks
- Established track record for execution of solar EPC solutions.
- Strong relationship with customers.
- Wide range of our products.
- Financial Stability Through the PPA Model.
- Established relationship with suppliers.
- Dealership network and presence in across various states.
- Invest in manufacturing capabilities.
- Grow our customer base by diversifying into new geographies.
- Maintaining cordial relationship with our Suppliers, Customer and employees.
- Reduction of operational costs and improving operational efficiencies.
- Focus on increase in volume of sale
- The company's business is dependent on the continued availability of government policies, subsidies, incentives and other support mechanisms applicable to the solar sector. Any withdrawal, reduction, delay, adverse regulatory development or unfavourable modification of such policies, subsidies or incentives may adversely affect demand for its products and services, impact profitability, and consequently have a material adverse effect on the company's business, results of operations, cash flows and financial condition.
- The company depends on its dealers for a significant portion of the company's revenue, and any decrease in revenues or sales from any one of its dealers may adversely affect the company's business and results of operations.
- The company generates its major portion of turnover from the company operations in certain geographical regions and any adverse developments affecting its operations in these regions could have an adverse impact on the company's revenue and results of operations.
- The company's business is dependent on the sale of its products and providing rooftop and ground-mounted solar projects services to certain key customers. The loss of any of these customers or loss of revenue from sales to these customers could have a material adverse effect on the company's business, financial condition, results of operations and cash flows.
- The Company is dependent on limited number of suppliers, within limited geographical locations for procurement of raw materials and solar products. Any delay, interruption or reduction in the supply of products required for its services may adversely affect the company's business, results of operations, cash flows and financial condition.
- The Restated Financial Statements have been provided by Peer Reviewed Chartered Accountants who is not Statutory Auditor of the Company.