SETUINFRA - Setubandhan Inf.
Financial Performance
Revenue Growth by Segment
Total revenue from operations was INR 6,998.83 Lakhs in FY23, representing a 36.47% decline from INR 11,017.51 Lakhs in FY22. Segment-specific growth percentages are not disclosed.
Geographic Revenue Split
Not disclosed in available documents.
Profitability Margins
Net Profit Margin was 0.13% in FY23 (INR 9.13 Lakhs profit on INR 6,998.83 Lakhs revenue), improving from a net loss margin of -5.55% in FY22. Profitability is heavily constrained by construction expenses which account for 90.8% of revenue.
EBITDA Margin
EBITDA margin stood at 2.61% for FY23, reflecting core operational profitability, which improved from -3.22% in FY22.
Capital Expenditure
Property, Plant and Equipment (Net Block) was INR 2,961.27 Lakhs as of March 31, 2023. Specific planned capital expenditure is not disclosed.
Credit Rating & Borrowing
Total borrowings are INR 7,853.9 Lakhs, comprising INR 7,123.93 Lakhs in current borrowings and INR 729.97 Lakhs in non-current borrowings. Credit ratings and specific interest rate percentages are not disclosed.
Operational Drivers
Raw Materials
Construction materials (including materials for infrastructure projects) represent 90.8% of the total revenue cost.
Import Sources
Not disclosed in available documents.
Key Suppliers
Not disclosed in available documents.
Capacity Expansion
Not disclosed in available documents.
Raw Material Costs
Raw materials and construction expenses totaled INR 6,354.89 Lakhs, accounting for 90.8% of revenue. This represents a 43.00% YoY decrease in absolute cost terms due to reduced operational scale.
Manufacturing Efficiency
Not disclosed in available documents.
Logistics & Distribution
Not disclosed in available documents.
Strategic Growth
Expected Growth Rate
Not disclosed in available documents.
Growth Strategy
The primary strategy for growth and survival is the successful completion of the Corporate Insolvency Resolution Process (CIRP) under the supervision of the Resolution Professional, Sandeep D. Maheshwari, to stabilize the balance sheet and address the INR 7,853.9 Lakhs debt.
Products & Services
Infrastructure construction services, commercial premises development, and Transferable Development Rights (TDR).
Brand Portfolio
Setubandhan Infrastructure Limited, Prakash Constrowell Limited.
New Products/Services
Not disclosed in available documents.
Market Expansion
Not disclosed in available documents.
Market Share & Ranking
Not disclosed in available documents.
Strategic Alliances
Strategic investments include the Godavari Partnership Firm (INR 36.62 Lakhs) and The North Infra (INR 8.84 Lakhs).
External Factors
Industry Trends
The infrastructure sector is currently seeing a consolidation phase where companies with high debt are entering insolvency resolution. Setubandhan is positioned in this restructuring phase, with its future dependent on the successful implementation of a resolution plan to address its INR 78.54 Cr debt.
Competitive Landscape
Not disclosed in available documents.
Competitive Moat
Not disclosed in available documents.
Macro Economic Sensitivity
Not disclosed in available documents.
Consumer Behavior
Not disclosed in available documents.
Geopolitical Risks
Not disclosed in available documents.
Regulatory & Governance
Industry Regulations
The company's operations are currently governed by the Insolvency and Bankruptcy Code (IBC) 2016 and the Corporate Insolvency Resolution Process (CIRP).
Environmental Compliance
Not disclosed in available documents.
Taxation Policy Impact
The current tax rate was approximately 4.64% in FY23, based on a current tax expense of INR 2.54 Lakhs on a Profit Before Tax of INR 54.67 Lakhs.
Legal Contingencies
The company has not disclosed the impact of pending litigations on its financial position; no specific case values or details are available in the financial statements.
Risk Analysis
Key Uncertainties
1. Outcome of the CIRP process (High impact). 2. Financial impact of undisclosed pending litigations. 3. Ability to secure new construction contracts without long-term agreements.
Geographic Concentration Risk
Not disclosed in available documents.
Third Party Dependencies
Not disclosed in available documents.
Technology Obsolescence Risk
Not disclosed in available documents.
Credit & Counterparty Risk
Credit exposure includes advances to suppliers (INR 1,196.94 Lakhs) and advances to work executors (INR 391.09 Lakhs).