Shricon Industries Q1 FY26: Real Estate Dreams or Real Estate Meme?
Date of Publishing -
1. At a Glance
A micro-cap ghost of real estate past, Shricon Industries Ltd posted a loss in Q1 FY26, while also reshuffling management and appointing a new CFO. With negligible revenues, a -1.17% ROCE, and a working capital cycle of 406 days, the only thing moving fast here is investor patience.
2. Introduction with Hook
Imagine a builder who forgot to build, but remembered to attend every AGM. Welcome to Shricon Industries, a BSE-listed real estate mirage floating on ₹0.02 crore quarterly revenue and dreams from 1984.
Q1 FY26 Revenue: ₹0.02 crore
Q1 FY26 Net Loss: ₹0.05 crore
Market Cap: ₹19.3 crore
Oh, and ROE? A stunning -1.18%. The only thing growing is the “About Us” section on the website.
3. Business Model (WTF Do They Even Do?)
Real estate. Construction. Civil work. Or at least, that’s what the brochure says. In reality:
FY25 revenue was ₹0.62 crore – we’ve seen mom-and-pop kirana stores make more.
Primary activity: Civil work (engineering construction, heavy and commercial).
But with near-zero topline, it feels more like civil nap.
Let’s just say they’re “asset heavy” in fixed assets, but “order book light” in reality.
