Investor Presentation on the Audited Standalone Financial Results for year ended on 31st March, 2025.
(Click to View/Download the Investors’ presentation)
Srigee DLM Limited, a rising star in India’s precision plastic and consumer durables manufacturing sector, presents a compelling investment opportunity underpinned by consistent financial growth, strong operational capabilities, and strategic expansion. With a design-led, vertically integrated business model, Srigee is well-positioned to meet the increasing demand for original design manufacturing (ODM) in both domestic and global markets.
Company Overview
Founded in 2005 and commencing production in 2012, Srigee DLM has evolved from a modest plastic injection moulding operation into a full-fledged ODM solutions provider. Headquartered in Greater Noida, Uttar Pradesh, the company now operates four integrated manufacturing facilities and caters to top-tier OEMs and ODMs in the consumer durables sector. Its robust client base includes industry stalwarts such as Symphony, Havells, LG, Yamaha, and Nilkamal.
Srigee’s offerings span across plastic injection moulding and assembly, tool and die manufacturing, polymer compounding, and mobile phone sub-assembly job work. Its integrated infrastructure—comprising in-house R&D, automated production lines, and a proprietary polymer brand ‘Polymos’—enables the company to offer end-to-end services from concept to final product.
Srigee DLM has delivered strong financial performance over the past few years, demonstrating solid operational efficiency and sustained profitability. In FY25, the company reported:
Revenue: ₹7,123.39 lakhs (up from ₹5,442.73 lakhs in FY24)
EBITDA: ₹749.96 lakhs, with an EBITDA margin of 10.51%
PAT: ₹500.66 lakhs, marking a YoY growth of over 71%
EPS: ₹11.76, up from ₹7.09 in FY24
ROCE: 28.99%, and RONW: 25.73%
The upward trajectory in margins and earnings per share underscores Srigee’s scalable cost-effective manufacturing and improving asset efficiency.
Strategic Expansion & Capital Expenditure
Srigee is currently undergoing a 5X capital expenditure program in FY25, focused on enhancing automation, expanding manufacturing capacity, and extending its footprint into new verticals and geographies. A key initiative is the new manufacturing facility in Ecotech-10, Greater Noida, aimed at producing high-quality export-grade products for automotive and electronics applications.
This strategic expansion is set to bolster the company’s capabilities in ODM—an increasingly important segment in India’s consumer durables ecosystem. By focusing on in-house polymer compounding, backward integration, and design innovation, Srigee is building strong foundations to become a preferred partner for global brands seeking cost-efficient manufacturing in India.
Business Segments and Product Diversification
Srigee’s revenue stream is well-diversified across four verticals:
Plastic Injection Moulding & Assembly: ₹5,999.58 lakhs in FY25 (84.21% of revenue)
Polymer Compounding & Trading: ₹1,069.58 lakhs
Mobile Assembly Job Work: ₹26.69 lakhs
Tool Room & Die Manufacturing: ₹28.54 lakhs
The introduction of “Polymos,” the company’s own polymer resin brand, further enhances its capability to offer tailored material solutions across home appliances, electronics, automotive, and industrial segments.
Strong Customer & Geographic Presence
Approximately 89% of Srigee’s FY25 revenue was contributed by its top 10 customers, reflecting high client retention and reliability. Geographically, Uttar Pradesh remains the largest market, followed by growing contributions from Haryana, Telangana, Rajasthan, Maharashtra, and Bihar.
Experienced Leadership and Governance
Srigee is led by an experienced and capable management team. Managing Director Mr. Shashi Kant Singh, with over 19 years of expertise, provides strategic direction alongside CFO and Whole-Time Director Ms. Suchitra Singh, a technocrat with a strong background in engineering and finance. The leadership’s focus on innovation, quality, and expansion has played a pivotal role in scaling the company sustainably.
Key Strengths and Growth Strategy
Design-to-Delivery Model: Complete in-house capabilities from tooling to product assembly.
Backward Integration: Own polymer compounding and tool room ensures cost control and speed-to-market.
Long-Term Client Relationships: Trusted by reputed brands for consistent delivery and quality.
Strategic Expansion: New facilities and product categories to tap growing domestic and export markets.
Financial Prudence: Strong return ratios, low debt-equity (0.20 in FY25), and rising EPS.
Looking ahead, Srigee aims to deepen its ODM focus, expand customer relationships, and capitalize on rising domestic consumption and “Make in India” policy tailwinds.
Market Opportunity
India is poised to become the fifth-largest consumer electronics market globally by 2025, projected to reach US$ 21.18 billion. Government initiatives, rising incomes, and the shift towards domestic manufacturing create a highly favorable macroeconomic environment. Srigee is well-positioned to capture this growth, supported by its diversified product portfolio, efficient manufacturing, and deepening client partnerships.
Conclusion
Srigee DLM Limited represents a unique blend of stability, innovation, and growth potential in India’s evolving manufacturing sector. With a solid track record, robust financials, and a forward-looking strategy, the company offers an attractive proposition for long-term investors seeking exposure to India’s consumer durables and industrial manufacturing boom.
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