Shyam Dhani Industries (NSE SME)

IPO Details

Key Performance Indicators (KPI)

Company Financial (In ₹Crore)

About Company

Incorporated in 1995, Shyam Dhani Industries Limited is an ISO-certified manufacturer, exporter, wholesaler, and supplier of premium spices, spice powders, and whole spices. The company also trades and distributes a wide range of grocery products such as black salt, rock salt, rice, poha, and kasuri methi, along with an extensive assortment of herbs and seasonings including oregano, peri peri, chilli flakes, mixed herbs, onion flakes, and tomato powder.

The company processes 163 varieties of spices—covering ground, blended, and whole spices—under its flagship brand “SHYAM.” Its manufacturing facility is located in Jaipur, Rajasthan.

Shyam Dhani Industries sells its products through multiple channels, including General Trade (wholesalers and distributors), Modern Trade (supermarkets and retail chains), and Quick Commerce platforms. The company is also involved in Private Labelling, HoReCa sales (Hotel, Restaurant & Catering), and Exports, ensuring broad market reach and product accessibility.

Strength

Experienced Management Team: The company is led by an experienced and skilled management team whose industry knowledge, forecasting ability, and focus on production and marketing help drive growth and respond to changing customer needs.

Wide and Diversified Product Portfolio: A strong understanding of Indian taste preferences enables the company to offer a broad range of ground, blended, and whole spices, along with various grocery products, catering to diverse consumer requirements.

Strong Customer Network & Efficient Supply Chain: With over a decade in the spice industry, the company has built long-term customer relationships through consistent quality and competitive offerings. Supported by an in-house sales team, it operates an extensive distribution network of 432 wholesalers and distributors, ensuring strong market presence and efficient

Weakness

Seasonal Raw Material Dependency: The company depends heavily on agricultural raw materials, making it vulnerable to weather fluctuations and irregular monsoon conditions. Poor crop yields or higher prices may force procurement of lower-quality materials or costlier alternatives, adversely impacting production costs, margins, and cash flows.

Semi-Perishable Products & Demand Forecasting Risk: With product shelf life ranging from 4–18 months, inaccurate demand forecasting can lead to excess inventory, spoilage, and waste. This may negatively affect business performance, financial condition, and operational efficiency.

Ongoing Legal Proceedings: The Company, its Group Company, Promoters, and certain Directors are involved in legal proceedings. Any adverse ruling or penalty could increase liabilities, damage reputation, and negatively impact financial performance and operations.