Mayasheel Ventures claims to have a structured quality assurance process that includes checks on input raw materials before acceptance and sourcing approvals from relevant departments. The company further claims that it aligns its quality standards with client specifications and dedicates resources to ensure continuous adherence to prescribed norms.
The company claims to have an active order book of Rs 345.19 crore, comprising projects related to roads, highways, and bridges.
The company claims to have developed strong project management and execution capabilities supported by an experienced engineering and design team.
The company is ISO 9001:2015 certified for its quality management system, ISO 14001:2015 certified for its environmental management system, and ISO 45001:2018 certified for its occupational health and safety management system.
The company has witnessed a consistent increase in revenue from operations. It increased from Rs 115.91 crore in FY22 to Rs 126.37 crore in FY23 and Rs 130.32 crore in FY24.
A significant portion of the company’s revenue is derived from contracts with the NHIDCL. Any adverse changes in the policies of the central or state government could result in the closure, termination, restructuring, or renegotiation of these contracts, potentially impacting the company’s business and financial performance.
The company, its promoters, directors, and group company are involved in certain ongoing tax-related legal proceedings. Any adverse judgments in any of these cases could be detrimental to the company’s business prospects.
The company reported negative cash flow from investing activities amounting to Rs 6.03 crore in the period ended May 30, 2024, to June 30, 2024, Rs 0.56 crore in FY24, and Rs 15.19 crore in FY22. Additionally, negative cash flow from financing activities amounted to Rs 1.75 crore in the period ended May 30, 2024, to June 30, 2024, Rs 3.13 crore in FY24, and Rs 16.90 crore in FY23. Furthermore, the company reported negative cash flow from operating activities amounting to Rs 9.47 crore in the period ended April 1, 2024, to May 29, 2024. If cash outflows continue to exceed inflows in the future, the company may face liquidity challenges.
The company’s business is impacted by seasonality, with a decline in the demand for services during the monsoon season. Any inability to address this fluctuation in demand could adversely affect its business and financial condition.
A significant portion of the company’s revenue is derived from Assam. It accounted for Rs 10.11 crore (78.31 percent) of the company’s total revenue in the period ended May 30, 2024, to June 30, 2024, Rs 15.52 crore (83.15 percent) in the period ended April 1, 2024, to May 29, 2024, Rs 86.21 crore (66.15 percent) in FY24, Rs 30.84 crore (24.40 percent) in FY23, and Rs 17.76 crore (15.33 percent) in FY22. Any adverse political, social, or economic developments in this state could significantly impact the company’s revenue and results of operations.
Mayasheel Ventures is dependent on third-party suppliers for raw materials, without any long-term supply agreements. Any prolonged inability to procure raw materials from alternative sources may adversely impact the company’s sales, margins, and customer relationships.
Mayasheel Ventures has previously incurred penalties and liabilities for non-compliance with provisions of the Goods and Services Tax (GST) Act, Income Tax Act, and other applicable laws. Any future penalties could adversely impact the company’s financial condition and results of operations.
As of June 30, 2024, the company had outstanding financial indebtedness of Rs 54.02 crore. Any failure to service or repay these loans can hurt the company’s operations and financial position.