SNEHAA - Snehaa Organics
Financial Performance
Revenue Growth by Segment
Not disclosed in available documents.
Geographic Revenue Split
Not disclosed in available documents.
Profitability Margins
Not disclosed in available documents.
EBITDA Margin
Not disclosed in available documents.
Capital Expenditure
The company raised INR 32.68 Cr through an IPO in September 2025, with capital expenditure listed as one of the primary objects for fund utilization. As of September 30, 2025, INR 7.938 Cr (24.28% of gross proceeds) has been utilized across various objects.
Credit Rating & Borrowing
Infomerics Valuation and Rating Limited serves as the company's Monitoring Agency and Credit Rating Agency. Unutilized IPO funds of INR 15 Cr are currently deployed in Fixed Deposits across six accounts of INR 2.50 Cr each, earning a return of 6.60% with maturity dates in March 2027.
Operational Drivers
Raw Materials
Spent solvents (recycled for industrial reuse) represent the primary input for the business.
Import Sources
Not disclosed in available documents.
Key Suppliers
Not disclosed in available documents.
Capacity Expansion
Not disclosed in available documents.
Raw Material Costs
Not disclosed in available documents.
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 company aims to achieve growth by utilizing INR 32.68 Cr in IPO proceeds to fund a projected INR 42.87 Cr working capital requirement for FY 2025-26. This capital supports the strategy of offering longer credit periods to customers to increase business volume in the recycled and purified solvent market.
Products & Services
Purified solvents (recycled from spent solvents) and trading of purified solvents for industrial reuse.
Brand Portfolio
Snehaa Organics.
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
Not disclosed in available documents.
External Factors
Industry Trends
The industry is shifting toward circular economy practices, specifically the recycling of industrial spent solvents. Snehaa is positioned to benefit from this trend by providing industrial reuse solutions, though it must navigate strict SEBI ICDR and LODR regulatory frameworks as a newly listed SME.
Competitive Landscape
Not disclosed in available documents.
Competitive Moat
The company's moat is based on its specialized capability to recycle spent solvents into purified industrial-grade solvents, providing a cost-advantaged and sustainable alternative to virgin chemical production.
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 is governed by SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. It is currently exempt from Regulation 27(2) Corporate Governance reporting due to its listing on the NSE Emerge (SME) platform.
Environmental Compliance
The company's core business of recycling spent solvents is subject to industrial environmental standards, though specific compliance costs are not disclosed.
Taxation Policy Impact
Not disclosed in available documents.
Legal Contingencies
The company received an Administrative Warning from SEBI (SEBI/HO/CFD/SEC-3/0W/P/2025/31087/1) on December 12, 2025, for non-compliance with ICDR Regulations regarding a promoter interview published on August 30, 2025, during the IPO period.
Risk Analysis
Key Uncertainties
Key risks include regulatory scrutiny following the SEBI administrative warning and the high dependency on efficient working capital management to sustain the INR 42.87 Cr requirement for FY26.
Geographic Concentration Risk
Operations are concentrated in Telangana, with the registered office in Hyderabad (Rangareddi) and the factory in Sangareddy District (Bollaram Village).
Third Party Dependencies
Not disclosed in available documents.
Technology Obsolescence Risk
Not disclosed in available documents.
Credit & Counterparty Risk
The company faces significant credit counterparty risk as it offers 'longer credit periods' to customers, leading to funds being blocked in trade receivables.