Srigee Dlm Ltd

BSE: 544399

₹ 75.1+8.37%refreshed 23 Oct, 03:30 pm ISTMarket cap: ₹ 45 crWebsite: www.srigee.comUpdated: 24 Oct 2026

About

Srigee DLM Ltd is a Greater Noida, Uttar Pradesh-based contract manufacturer with three business lines: plastic injection moulding and assembly, polymer compounding, and job-work mobile phone assembly. It reported FY26 revenue of Rs 72.31 Cr. Its top 10 customers accounted for 91.50% of FY26 revenue. It is building a new 10,850 sq.m. facility at DMIC IITGN that will bring its four units together.^[1][2][3]

Business segments

Plastic injection moulding and assembly is the main segment. It earned ₹5,999.58 lakhs, or 84.21% of revenue, in FY25, up from ₹3,950.42 lakhs (72.58%) in FY24.^[4]
Polymer compounding, run under the name Polymos, earned INR 1,127.78 lakhs in FY26. Its output is used in-house and also sold to outside buyers.^[3]
Job-work mobile phone assembly revenue rose to INR 565.20 lakhs in FY26 from INR 26.69 lakhs in FY25.^[3]
OEM/B2B sales made up 76% of revenue in FY26.^[3]

Operations and capacity

The registered office is at Plot No. 434, Udyog Kendra 2, Ecotech 3, Greater Noida, Uttar Pradesh. FY26 is the company's 21st annual report.^[1]
Injection moulding had installed capacity of INR 2,750 lakhs, while FY26 production reached INR 5,479.49 lakhs.^[3]
Polymer compounding runs one twin-screw extruder that produces about 50 MT a month (FY26). Of this, 35-40 MT a month is used in-house.^[3]
Polymer compounding installed capacity rose to ₹2,600 lakhs in FY25 from ₹2,000 lakhs in FY24 after new machinery was installed.^[5]

Capacity utilisation

Injection moulding and assembly ran at 199.25% of capacity in FY26, compared with 218.17% in FY25.^[3]
Mobile phone assembly ran at 56.52% of capacity in FY26, compared with 2.67% in FY25.^[3]
Polymer compounding ran at 43.38% of capacity in FY26, compared with 41.14% in FY25.^[3]
Mobile assembly sales doubled from INR 50 lakh a month to INR 1 crore a month in FY26.^[3]

Customers and markets

The top 10 customers provided 91.50% of revenue in FY26, compared with 94.43% in FY25.^[3]
The company is in talks with three new ODM prospects, two of which have visited the site (Q4 FY26 call).^[3]
Uttar Pradesh provided 59.77% of revenue in FY25, compared with 67.05% in FY24. Haryana provided 13.26% and Rajasthan 4.42% in FY25.^[5]
The injection moulding segment serves the home appliance, automotive and electronics industries.^[5]

Expansion and capex

The company moved its expansion from the 2,000 sq.m. Ecotech-10 plot to a larger 10,850 sq.m. R11A plot at DMIC IITGN. Construction has started, with commercial production targeted by August 15, 2026.^[3]
The new facility will bring all four existing units under one roof.^[3][5]
FY27 capex is planned at about INR 25 crores, not counting land already acquired.^[3]
Polymer compounding capacity is planned to triple to 150 MT a month once the new facility is commissioned.^[3]
Management puts peak revenue potential at INR 350 crore or more when the R11A facility runs at full utilisation.^[3]
New consumer durable ODM products in development: hand blenders and juicer-mixer-grinders (FY27).^[3]

Funding

The company raised INR 17 crores in its IPO, and 50% had been used by March 31, 2026. The rest is to be used in Q1-Q2 FY27.^[3]
Additional debt from ICICI Bank was expected to be sanctioned by the end of June 2026.^[3]

Market Cap

₹45 Cr

High / Low

₹144 / 57

Stock P/E

6.5

Price / Book

2.3

Book Value

₹70

EPS

₹11.5

No. of Shares

0.6 Cr

ROCE

22.5%

ROE

22.4%

OPM

10.9%

Debt / Equity

0.20

Sales

₹72 Cr

Net Profit

₹7 Cr

Promoter holding

45.4%

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