Swastika Infra IPO Upcoming
Already have an account? Apply now
About Swastika Infra
Incorporated in 2019, Swastika Infra is based in Jaipur, Rajasthan, India, and is an engineering, procurement, and construction (EPC) company specialising in power distribution infrastructure projects. It provides end-to-end turnkey solutions for electrical distribution networks, including supply, installation, testing, and commissioning of power lines. Over a decade, the firm has executed roughly 8,520 circuit kilometres of distribution lines and held an order book of ~₹1,478.2 crore across 12 projects as of Feb 2024.
Financials of Swastika Infra
*All figures are in ₹ Crores.
Strengths
- Extensive execution track record – roughly 8,520 circuit-km of distribution lines completed (last ~14 years).
- Robust order book – ~₹1,478.2 crore of ongoing projects as of Feb 2024.
- Strong recent financial growth – FY2024 revenue ₹209.6 Cr (+36.7% YoY) and net profit ₹13.98 Cr (+36.4%).
- Full-service turnkey capability – offers end-to-end EPC solutions (supply, installation, testing, commissioning).
- Focused niche presence – specialised in power distribution EPC with limited listed competition (only peer is Rajesh Power Services).
Risks
- Dependence on public-sector projects – sensitive to government policy or budget changes.
- Volatile raw material costs – fluctuations in steel/copper prices could squeeze margins.
- Project execution risk – delays or cost overruns on large contracts could hurt profitability.
- Limited scale and thin margins – FY2024 net profit was ~6.7% of revenue, providing a small buffer against market swings.