Segmental Infrastructure Development Limited
- Unlisted share
- Infrastructure & Services
- ISIN INE11C701011
At a glance
Sales
FY25
₹85.45 Cr
+2.5%on FY24What the company earned from its customers in the year.
Profit
FY25
₹5.79 Cr
−15.2%on FY24What was left after every cost and tax was paid.
Market valuecalculated
₹210 Cr
What the whole company would be worth at GrowFast's indicative price.
Net worth
FY25
₹57.05 Cr
What the owners would have left on paper if every debt was repaid.
From the company's published figures; sources are beside each figure further down the page.
Key details
- Company
- Segmental Infrastructure Development Limited
- ISIN
- INE11C701011
- Sector
- Infrastructure & Services
- Type of share
- Unlisted equity share
- Indicative price per share
- ₹166.32
- Price last updated
- 12 Oct 2026
- Minimum quantity
- Confirmed by the desk
- How you hold it
- In your own demat account
- Enquiries
- GrowFast desk, on WhatsApp
Indicative prices, illiquid shares. Prices are indicative and can change without notice. Unlisted shares are illiquid: you may not be able to sell when you want to, or at the price shown.
Company
About Segmental Infrastructure Development Limited
Segmental Infrastructure Development Limited is a Gurgaon engineering consultancy that provides design, project-management and construction-supervision services for highways, tunnels, bridges and railways, working for government road agencies and large contractors; it was the consultant on the Chenani-Nashri tunnel. The company was incorporated in March 2009 as Segmental Consulting & Infrastructure Advisory Private Limited and took its present name and public-company status in 2024. It is owned almost entirely by its promoters Ajay Kumar Mishra (the Managing Director), Ashish Paul and Rajika Mishra, who together hold about 95%.
Written from: segmental.in, segmental.in
Listing status. Draft red herring prospectus dated 29 September 2025 for an SME IPO on BSE: fresh issue of up to 45,30,000 shares, no offer for sale. Listing not confirmed from an official source. Draft Red Herring Prospectus dated 29 September 2025 (company website)
Financials
Ask for the full annual report.
The figures on this page are the headline numbers. The desk can share the latest annual report and anything published since.
Ask for the financials- Sector
- Infrastructure & Services
- ISIN
- INE11C701011
- Registered office
- Spaze I-Tech Park, Sector 49, Sohna Road, Gurgaon, Haryana
- Promoters
- Ajay Kumar Mishra (57.16%), Ashish Paul (23.75%) and Rajika Mishra (14.10%)
- Key people
- Managing Director: Ajay Kumar Mishra; Whole Time Director: Rajika Mishra; Chief Financial Officer: Parveen Kumar Sharma; Company Secretary: Richa Sharma
- Employees
- 303 people
- Face value per share
- ₹10
- Equity shares outstanding (pre-issue)
- 1,26,29,670 shares
- CIN
- U70200HR2009PLC114856
- Website
- segmental.in
Read from: Draft Red Herring Prospectus dated 29 September 2025 (company website), unless another source is shown on a card.
Key data
What the numbers mean
The ratios buyers look at, each said in plain words.
Price to earnings (P/E)calculated
35.9×
At this price you pay ₹35.9 for every ₹1 of profit the company made in the year.
Price to book (P/B)calculated
3.59×
At this price you pay ₹3.59 for every ₹1 of net worth on the company's books.
Profit margincalculated
6.8%
Out of every ₹100 of sales, ₹6.8 was left as profit.
Return on equitycalculated
10.1%
For every ₹100 of the owners' money, the company made ₹10.1 of profit in the year.
Debt to equitycalculated
0.41×
The company has borrowed ₹0.41 for every ₹1 of its owners' money.
- Indicative price
- ₹166.32
- Market valuecalculated
- ₹210 Cr
- price × shares
- No. of shares
- 1,26,29,670
- EPS
- ₹4.63
- Book value per share
- ₹46.37
- Face value
- ₹10
Figures marked “calculated” are worked out by GrowFast from its indicative price and the company's published figures for FY2024-25. They move with the price, and they are arithmetic, not a valuation.
Figures in ₹ crore
Financials
Segmental Infrastructure Development Limited. As published in the company's audited reports. GrowFast has not audited them.
Sales, year by year
₹ crore. The darkest bar is the latest year.
FY23 to FY25: ₹62.36 Cr to ₹85.45 Cr.
Profit, year by year
₹ crore, after tax. A bar below the line is a loss.
FY23 to FY25: ₹5.72 Cr to ₹5.79 Cr.
| Particulars | FY23 | FY24 | FY25Latest |
|---|---|---|---|
| Revenue from operations | 62.36 | 83.34 | 85.45▲3% |
| Other income | 1 | 1.52 | 1.7▲12% |
| Total income | 63.36 | 84.86 | 87.16▲3% |
| Depreciation and amortisation | 0.76 | 0.84 | 0.88▲5% |
| Finance cost (as shown in the cash flow statement) | 0.48 | 0.62 | 0.99▲60% |
| Profit before tax (after exceptional items) | 7.64 | 9.95 | 8.26▼17% |
| Profit for the period (before minority interest) | 5.72 | 6.83 | 5.79▼15% |
| Earnings per share (basic) (₹) | 5.43 | 6.63 | 4.63▼30% |
Rupees crore unless marked, consolidated (restated). The change shown is the latest year against the year before. Read from: Draft Red Herring Prospectus dated 29 September 2025 (company website).
Ownership
Shareholding pattern
Who owns the company
As of 29 September 2025
57.2%Ajay Kumar Mishra (promoter)
- Largest holder
- 57.2%
- Top 3 together
- 95.0%
- Holders named
- 4
- Ajay Kumar Mishra (promoter)57.16%
- Ashish Paul (promoter)23.75%
- Rajika Mishra (promoter)14.10%
- Public4.99%
- Total100.00%
Read from: Draft Red Herring Prospectus dated 29 September 2025 (company website)
Capital history
Fund raise history
| Date and detail | Type | Instrument | Price per share | Amount raised |
|---|---|---|---|---|
| 31 Dec 20241,22,08,681 bonus shares issued, 29 for every one share held. | Bonus issue | Equity shares | Not stated | Not stated |
| 11 Dec 20243,287 shares of ₹10 at ₹3,250 each (before the bonus issue). | Private placement | Equity shares | ₹3,250 | Not stated |
| 24 Sept 202417,702 shares of ₹10 at ₹3,239 each (before the bonus issue). | Private placement | Equity shares | ₹3,239 | Not stated |
| 15 Jan 202440,000 shares at par (₹10) on a rights basis. | Rights issue | Equity shares | ₹10 | Not stated |
Read from: Draft Red Herring Prospectus dated 29 September 2025 (company website)
Leadership
Management
Ajay Kumar Mishra
Managing Director
Rajika Mishra
Whole Time Director
Ashish Paul
Director
Parveen Kumar Sharma
Chief Financial Officer
Richa Sharma
Company Secretary & Compliance Officer
Servesh Kumar
Independent Director
Pankaj Singh
Independent Director
Rohit
Independent Director
Read from: Draft Red Herring Prospectus dated 29 September 2025 (company website)
Corporate calendar
Events
- 29 Sept 2025DRHP filingDraft red herring prospectus dated for a BSE SME IPO of up to 45,30,000 new sharesOpen
- 31 Dec 2024BonusBonus issue of 29 shares for every one heldOpen
- 26 Sept 2024ConversionFresh certificate of incorporation on conversion to a public limited companyOpen
- 25 Jun 2024Name changeRenamed from Segmental Consulting & Infrastructure Advisory Private Limited to Segmental Infrastructure Development Private LimitedOpen
Reports and filings
Annual reports and results
Each link opens the document where its publisher keeps it.
Before you buy
Six things to check on any unlisted share.
The same list applies to every stock. None of it is advice on this one.
The company's latest financials
Revenue, profit and debt for the last three years, from its audited annual report. Ask the desk for the most recent set.
What the price implies
Compare the price per share with earnings and book value per share, and with listed companies in the same business.
Whether a listing is planned
A company may file for an IPO, delay it or never list. A listing, its timing and its price are never certain.
How you would sell
There is no exchange for these shares. You sell by finding a buyer, which can take time and may be at a lower price.
Lock-in after a listing
Shares bought before an IPO are usually locked in for a period after the company lists. Confirm the current rule before you buy.
Tax on your gains
Unlisted shares are taxed differently from listed ones. Check your position with a tax adviser.
Questions
What buyers ask about this stock.
Not answered here? Ask the desk.
Inquire about Segmental Infrastructure Development Limited on WhatsAppIs the price shown for Segmental Infrastructure Development Limited final?
No. It is an indicative price per share. The desk confirms the price and the quantity available when you inquire, and the confirmed price is the one you deal at.
How do I buy these shares?
Press Inquire. It opens a WhatsApp chat with the desk, with this stock already named. After the price and quantity are agreed, a 10% advance locks the deal. Once your KYC is complete you pay the balance, and the shares are transferred to your demat account.
Do I pay anything on this website?
No. No payment is taken and no order is placed on this site. Payment details are shared by the desk only after the deal is agreed.
What do I need before I can buy?
A demat account in your name and the documents for KYC: your identity and demat account details are verified before any deal, as the regulations require.
Can I sell my Segmental Infrastructure Development Limited shares to GrowFast?
GrowFast buys as well as sells. Press Inquire and tell the desk how many shares you hold; it will come back with what it can offer.
How do I sell Segmental Infrastructure Development Limited shares I already hold?
Tell the desk how many you hold. If a price is agreed, you transfer the shares from your demat account with a delivery instruction to your depository participant (a DIS, or its online equivalent), and payment follows as agreed with the desk.
Is there a lock-in if the company lists?
Shares held before an IPO are generally locked in for a period after the listing under SEBI's rules, which have changed over time. Ask the desk for the rule that applies today before you buy.
Is buying unlisted shares legal in India?
Yes. Shares of an unlisted company can be bought and sold privately and are transferred between demat accounts. They are not traded on a stock exchange, so the protections of an exchange do not apply.
What is the minimum I can buy?
It differs by stock and by what the desk holds at the time. The desk confirms the minimum quantity when you inquire.
What is an ISIN?
The 12-character code that identifies a security. It is how your depository knows exactly which share is being transferred to your demat account.
Why are unlisted shares riskier than listed ones?
Prices are indicative and can change without notice. Unlisted shares are illiquid: you may not be able to sell when you want to, or at the price shown.
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Risk disclosure
Prices on this site are indicative, quoted per share, and are not an offer to buy or sell. The price and quantity for any deal are confirmed by GrowFast's desk at the time you deal.
Unlisted, pre-IPO and delisted shares are not traded on a stock exchange. They are illiquid, their prices can move sharply, and you may be unable to sell them when you wish or at all. A company that is expected to list may not do so.
Nothing on this site is investment advice or a promise of returns. Past prices do not predict future prices. Consider your own circumstances, and take independent advice, before you invest.
Inquire opens a WhatsApp chat with GrowFast. No payment is taken and no order is placed on this site.
GrowFast is not affiliated with, sponsored by or endorsed by Segmental Infrastructure Development Limited. Its name and logo belong to their owner and are shown only to identify the company. Figures about it come from published sources and have not been audited by GrowFast. See the Terms and Conditions.