Company Overview

Shubhshree Biofuels Energy Ltd was incorporated as Shubhshree Bricks Private Limited on April 23, 2013. The company's name was changed to "Shubhshree Biofuels Energy Private Limited" on October 30, 2023, and subsequently converted to a public company, becoming "Shubhshree Biofuels Energy Limited" on February 1, 2024.

Established in 2013, Shubhshree Biofuels Energy Limited is a leading contributor in Biomass Supply Chain Management in India. The company supplies biomass fuels, such as biomass pellets and briquettes, to customers in sectors like recycled materials, textile processing, pharmaceuticals, and metals. Operating across multiple locations in India, the company prioritizes sustainability and leverages cutting-edge technology.

Business Operations and Market Position

The company manufactures and supplies biomass fuels, including pellets and briquettes, as an eco-friendly alternative to fossil fuels. These fuels serve industries such as recycling, textile, and pharmaceuticals, sourced from both in-house production and external vendors. Biomass fuels are used as an alternative source of energy for commercial and industrial heating, cooking fuel, industrial burning, and electricity generation. The company began selling biomass pellets and briquettes in 2021.

Shubhshree Biofuels Energy Ltd sells a majority of its products in the Northern States of India, with Haryana, Uttar Pradesh, and Rajasthan, including the NCR region, being the highest contributors to its revenue. The company's network spans over 50 cities, demonstrating significant growth potential in the renewable energy sector.

The company has established manufacturing capabilities with three briquetting and pelleting machines. One machine is owned by the company, while the other two have been leased along with the premises. These facilities have a combined production capacity of 132 tonnes per day.

Financial Performance

The company's financial performance shows a consistent growth trajectory.

#### Revenue and Profitability (FY24)

- Revenue from Operations: Rs 94.14 crore (as of March 31, 2024)

- Net Profit: Rs 3.29 crore (as of March 31, 2024)

- Sales Volume: In FY24, the company sold 1,21,800 tonnes of biomass fuels.

#### Key Financial Metrics (as of May 23, 2025)

- Market Capitalization: Rs. 197.49 Cr

- Stock Price: ₹376.75

- PE Ratio: 59.90

- PB Ratio: 0.12

- 52-week High: ₹449.00

- 52-week Low: ₹179.55

#### Financial Growth Trajectory

- Revenue increased from ₹7.92 crore in FY22 to ₹94.14 crore in FY24.

- Profit After Tax (PAT) significantly increased from ₹27.46 lakhs in March 2022 to ₹329.77 lakhs by March 2024.

#### Asset Base and Debt Position

- Total Asset Value: ₹14 Cr (as on March 31, 2024)

- The company maintains a strong financial position with reduced debt and is nearly debt-free.

- 3 Years ROE: 96.6%

Stock Listing and Performance

The shares of Shubhshree Biofuels Energy Ltd were listed on the NSE SME on September 16, 2024. The company made a robust debut, with shares trading at a premium.

- Listing Price: ₹119 (IPO Price)

- Trading Price (post-listing): ₹198.45 (representing a 66.76% premium)

- Share Price Performance (Last 6 Months): Increased by 58.97%

- Share Price Performance (Last 1 Year): Increased by 89.85%

Management and Shareholding Pattern

- Chairman: Sagar Agrawal

- Managing Director: Sagar Agrawal

- Employees: 26 (as on March 31, 2024)

#### Shareholding Structure (as of March 2025)

- Promoter Holding: 73.45%

- Public Shareholding: 26.19%

- FII Holdings: 0.37%

- DII Holdings: 0%

Recent Corporate Developments

- May 1, 2025: Signed a 3-year biomass fuel supply contract for 216,000 MT with Sanathan Polycot Pvt Ltd.

- May 19, 2025: Announced a Board Meeting scheduled for May 27, 2025, to approve Audited Financial Results.

Investment Highlights

Shubhshree Biofuels Energy operates in the growing renewable energy sector, focusing on biomass fuel manufacturing. The company has demonstrated strong revenue growth from ₹7.92 crore in FY22 to ₹94.14 crore in FY24, reflecting substantial business expansion. With increasing environmental consciousness and government support for renewable energy, the biomass fuel sector presents significant growth opportunities.

The company's strategic focus on northern Indian markets, established manufacturing capabilities, and strong financial metrics (including high ROE and debt-free status) position it well for future growth. The recent IPO listing on the NSE SME platform provides access to capital markets for further expansion.

Risks and Considerations: Investors should note the geographical concentration risk in northern India and the company's dependence on industrial customers in specific sectors. The biomass fuel industry also faces competition from traditional fossil fuels and pricing pressures based on raw material availability.