Srigee DLM plans a new integrated manufacturing facility in Greater Noida with ₹50 crore capex. The company aims to scale its ODM business and targets over ₹100 crore revenue in FY27.

Srigee DLM Eyes Strong Growth with New Integrated Facility

Srigee DLM reported FY26 revenue from operations at ₹72.31 crore and Profit After Tax (PAT) of ₹6.87 crore.

Reader Takeaway: Positive growth in FY26; capacity expansion crucial for future targets.

What just happened

Srigee DLM announced its financial results for the fiscal year 2026, reporting revenue from operations of ₹72.31 crore and a Profit After Tax (PAT) of ₹6.87 crore for the standalone entity. The second half of FY26 showed a PAT of ₹5.53 crore on a total income of ₹54.34 crore.

Why this matters

The company is undergoing a strategic shift from plastic injection molding to becoming an integrated Original Design Manufacturer (ODM) partner. This move includes vertical integration into in-house tool room manufacturing, mobile phone assembly, and polymer compounding under its 'Polymos' brand. This integration aims to capture higher margins by reducing reliance on third-party suppliers. The ODM segment currently contributes about 76% to the revenue.

The backstory

Srigee DLM is currently operating at 100% capacity utilization in its existing facilities. To address this bottleneck and support its growth strategy, the company is consolidating its operations into a new, larger facility.

What changes now

Srigee DLM is investing approximately ₹50 crore in a new 10,850 square meter facility in Greater Noida. This expansion is funded by ₹17 crore from its IPO equity, bank debt, and proceeds from the sale of smaller existing units. Commercial production at the new facility is expected to begin between August 15 and Diwali 2026. This new plant is projected to enable a peak revenue potential of over ₹350 crore.

Risks to watch

Investors should monitor the timely completion and commissioning of the new Greater Noida facility, as its successful execution is critical for achieving the company's ambitious revenue targets for FY27 (over ₹100 crore) and FY28 (₹200-250 crore). Current capacity constraints limit short-term growth.

Peer comparison

Information on direct peers for integrated ODM manufacturers with similar vertical integration strategies was not available in the filing.

Context metrics (time-bound)

• FY26 Revenue from Operations: ₹72.31 crore
• FY26 PAT: ₹6.87 crore
• H2 FY26 PAT: ₹5.53 crore
• FY27 Revenue Target: > ₹100 crore
• FY28 Revenue Target: ₹200-250 crore
• Planned Capex: ₹50 crore
• New Facility Commissioning: Aug-Oct 2026

What to track next

Investors should closely watch the progress of the new facility's construction and the company's ability to secure new ODM contracts. Diversification of its customer base, with the top 10 customers' revenue share reducing from 95% to 91%, will also be a key indicator of sustained growth.