Joganiya Energies Limited
Joganiya Energies Limited
INE1WAL01019
Incorporation Date: 21-Mar-2014
Listing Status: DRHP Not Filed
About Joganiya Energies Limited
Overview of Joganiya Energies Limited
Joganiya Energies Limited is an India-based industrial explosives and chemical manufacturing company, incorporated in 2014 and headquartered in Bhilwara, Rajasthan.
The company operates in the explosives manufacturing and blasting services segment, catering to industries such as mining, infrastructure, quarrying, and pipeline excavation. It has evolved from a trading-focused background into a more integrated explosives manufacturing and services provider.
⚙️ Core Business Model
Industrial Explosives Manufacturing
The company manufactures a range of industrial explosives including slurry explosives, emulsion explosives, PETN, and detonating fuse products. This segment forms the primary revenue driver and focuses on cost-efficient and reliable explosive solutions for industrial use.
Drilling and Blasting Services
Joganiya Energies provides end-to-end blasting services covering mining operations, quarrying, well sinking, and large-scale excavation. The integration with its manufacturing business allows better cost control and operational efficiency.
Infrastructure and Excavation Services
The company undertakes infrastructure-related activities such as pipeline excavation, rock cutting, and earthmoving services. This enables it to participate directly in infrastructure and energy sector projects.
Logistics and Distribution
Joganiya Energies maintains a distribution network across India, supplying explosives and related products through dealers. It also offers logistics support, ensuring timely delivery and strengthening customer relationships.
🏭 Manufacturing Capabilities and Infrastructure
The company has gradually expanded its manufacturing base with facilities for slurry explosives, emulsion explosives, and more advanced products like PETN and detonating fuse.
It uses a mix of indigenous and international technology, along with automated systems such as SCADA, to improve efficiency and maintain safety standards. This reflects a move toward better operational control and backward integration.
🧠 Leadership and Management
The company is led by promoters with long-standing experience in the explosives and mining ecosystem. The leadership team includes individuals with expertise in blasting operations, supply chain management, and project execution.
This domain-focused leadership is a key strength, particularly in a technically demanding and regulated industry.
🏗️ Business Strengths
Integrated operations
Joganiya Energies combines manufacturing, services, and logistics within a single business model. This integration helps improve margins, control quality, and reduce dependency on third parties.
Industry experience
The promoter group has been involved in the explosives trade and distribution business for many years prior to formal incorporation. This provides a strong understanding of customer needs and market dynamics.
Niche positioning
The company operates in sectors such as mining and infrastructure, which have relatively high entry barriers due to licensing requirements and safety regulations.
Distribution network
A wide dealer network allows the company to maintain reach across multiple regions and ensures efficient supply chain management.
🌍 Industry Positioning
Joganiya Energies operates in the industrial explosives sector, which is closely linked to mining activity and infrastructure development.
The company is positioned as a small but integrated player, competing with larger established companies in the sector. While it benefits from niche positioning, it faces challenges due to scale differences.
📈 Growth Strategy
The company is focused on expanding its manufacturing capabilities and moving toward higher-value products such as PETN and detonating fuse.
It is also working on strengthening its distribution network and increasing participation in infrastructure and mining-related projects. These initiatives are aimed at improving scale and profitability over time.
⚠️ Key Risks
The explosives industry is highly regulated, requiring multiple licenses and strict compliance with safety norms.
Demand is cyclical and depends on mining activity and government infrastructure spending.
The company’s relatively small scale limits its ability to compete for very large projects.
There are also inherent operational and safety risks associated with explosives manufacturing and handling.
🧾 Conclusion
Joganiya Energies Limited is a niche industrial explosives company with an integrated business model covering manufacturing, blasting services, and distribution.
It benefits from promoter experience and gradual capacity expansion, but remains a relatively small player in a competitive and regulated industry.
Future growth will depend on its ability to scale operations, maintain compliance, and improve profitability while expanding its presence in infrastructure and mining sectors
Insights of Joganiya Energies Limited
📊 Financial Comparison (₹ Cr)
| Particulars | FY25 | FY24 | Growth (%) |
|---|---|---|---|
| Revenue | 76.63 | 93.66 | -18.2% |
| EBITDA | 17.39 | 11.23 | +54.9% |
| PAT | 7.57 | 3.41 | +122.0% |
🌍 Industry Overview
The industrial explosives industry, where Joganiya Energies Limited operates, is a core infrastructure-linked sector that plays a critical role in mining, construction, and large-scale engineering projects. Explosives are primarily used for rock fragmentation, excavation, and resource extraction, making them essential for industries like coal, metals, cement, and road development. Because of this, the sector is closely tied to the broader economic cycle, especially government-led capital expenditure and mining activity.
In India, the industry benefits from the country’s continued push toward infrastructure development and energy security. Large-scale investments in roads, railways, metro projects, and mining expansion (especially coal and iron ore) create steady underlying demand. At the same time, the sector is not high-growth in nature—it tends to grow in mid-single digits over the long term, reflecting its dependence on gradual capacity expansion rather than rapid innovation-driven demand.
From a structural standpoint, the industry is dominated by a few large, organized players with strong manufacturing capabilities and long-term contracts, while smaller companies like Joganiya Energies operate at a regional level with a more integrated approach combining manufacturing, distribution, and blasting services. Entry barriers are relatively high due to strict licensing requirements, safety regulations, and the technical expertise needed to handle explosive materials, which limits unorganized competition and supports industry stability.
At the same time, the sector is undergoing gradual transformation. There is a visible shift toward safer and more efficient products such as emulsion explosives, along with increased mechanization in mining operations. Companies are also focusing on backward integration and improving service offerings to enhance margins and customer stickiness.
- Demand is primarily driven by mining activity and infrastructure spending
- Growth is steady but not high, typically in mid-single digit range
- Industry has high entry barriers due to regulation and safety requirements
- Larger players dominate, while smaller firms operate regionally
- Increasing focus on safer, more efficient explosive technologies
Despite its stability, the industry carries certain risks. It remains highly regulated, with strict compliance requirements governing manufacturing, storage, and transportation. Demand can be cyclical, depending on commodity prices and government spending trends. Additionally, operational and safety risks are inherent to the nature of the business, making execution and compliance critical for long-term sustainability.
Overall, the industrial explosives industry can be characterized as a stable, infrastructure-backed sector with moderate growth and high regulatory oversight, where scale, efficiency, and compliance determine long-term success.
Financial Charts of Joganiya Energies Limited
Balance Sheet of Joganiya Energies Limited
Profit and Loss of Joganiya Energies Limited
Ancillary of Joganiya Energies Limited
Ratio Analysis
Peers
Industry Benchmarking
Segment Revenue
Subsidaries
Security Allotment
Corporate Governance
Team Management Details
FAQs of Joganiya Energies Limited
-
How to buy Joganiya Energies Limited?
Below are three ways through which you can purchase Joganiya Energies Limited:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to buy Joganiya Energies Limited, please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
-
How to sell Joganiya Energies Limited?
Below are three ways through which you can sell Joganiya Energies Limited:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to sell Joganiya Energies Limited, please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
-
What is the price of Joganiya Energies Limited?
We provide a two way quote on all the shares we deal in. Your buy price for Joganiya Energies Limited is ₹N/A and your sell price for Joganiya Energies Limited is ₹N/A. The price is based on our estimates and market conditions.
-
What is the lock-in period of Joganiya Energies Limited?
The lock-in period for Joganiya Energies Limited varies depending on the category of investors:
- For retail Investors, HNIs, or Body Corporates, the lock-in period is 6 months from the date of the listing of Joganiya Energies Limited
- For Venture Capital Funds or Foreign Venture Capital Investors, there is a lock-in period of 6 months from the date of acquisition of Joganiya Energies Limited
- For AIF-II (Alternative Investment Funds - Category II), there is no lock-in period
August 2021 saw the introduction of this regulation by SEBI. The purpose of the regulation change, which lowered the lock-in period from a year to six months, was to incentivize additional investments in firms getting ready for initial public offerings, or IPOs. Since its introduction, a number of Portfolio Management Services (PMS) have advised their clients to purchase Pre-IPO shares in order to take advantage of the advantages associated with early-stage investments. This reduction in the lock-in period is considered as a significant step forward.
-
How is the Joganiya Energies Limited price calculated?
Fundamental & Comparative valuation models and the forces of demand and supply in the market for unlisted shares dictate the price. These prices are based on our estimates and transaction history of Joganiya Energies Limited. The price is also determined from the most recent funding round for Joganiya Energies Limited. This provides us with a benchmark valuation, offering a clear indication of the company's current market value as perceived by investors and industry experts.
-
What are the lot sizes of Joganiya Energies Limited?
We can generally arrange lot sizes starting with an investment of INR 20,000. To confirm the lot sizes of Joganiya Energies Limited with us kindly click here.
-
What are the financials of Joganiya Energies Limited?
The financials of Joganiya Energies Limited which includes the P/L of Joganiya Energies Limited and the Balance Sheet of Joganiya Energies Limited is in the financials section (Click on link).
-
Where can I find the annual report of Joganiya Energies Limited?
The annual report of Joganiya Energies Limited is available in the annual report section (Click on link).
-
Is buying Joganiya Energies Limited legal in India?
Yes, buying and selling unlisted shares in India is indeed 100% legal. This activity is regulated and governed under the guidelines provided by the Securities and Exchange Board of India (SEBI). Investors and traders must adhere to these regulations and guidelines to ensure compliance with legal and financial standards. It's important for participants in the unlisted share market to be aware of and understand these regulations to engage in transactions legally and securely.
-
Short-term Capital Gain taxes to be paid on Joganiya Energies Limited?
When you sell unlisted shares within a period of two years from the date of acquisition, any profit earned from the sale is classified as Short-term Capital Gain (STCG). This gain is then added to your total income for that financial year. The tax on this short-term capital gain is calculated based on your applicable individual income tax slab rates. Therefore, the rate at which you will pay tax on the STCG from unlisted shares depends on your total income, including this gain, and the tax slab it falls under as per the prevailing income tax laws in India. It's important for investors to consider these tax implications when engaging in transactions involving unlisted shares.
-
Long-term Capital Gain taxes to be paid on Joganiya Energies Limited and how are They Taxed?
Long-term Capital Gains (LTCG) on unlisted shares in India refer to the profits earned from the sale of unlisted shares that have been held for more than two years. The key aspects of LTCG on unlisted shares include:
- Tax Rate: LTCG on unlisted shares is taxed at a rate of 20%.
- Indexation Benefit: This is a significant advantage for investors. Indexation allows for adjusting the purchase price of the shares for inflation, which can reduce the taxable gain.
- Importance for Investors: Understanding LTCG is crucial, especially for High Net-worth Individuals (HNIs) and retail investors, as it impacts their investment strategy and tax planning. Knowing these details helps in making informed investment decisions.
- Calculation: LTCG is calculated by subtracting the indexed cost of acquisition (the purchase price adjusted for inflation) from the sale price of the shares. The profit thus calculated is subject to a 20% tax.
- Applicability: LTCG tax is applicable to profits from the sale of unlisted shares held for more than two years.
- Relevance: This tax is particularly relevant to investors in the unlisted share market, including those considering selling their holdings after a period of more than two years.
-
Applicability of Taxes on Joganiya Energies Limited once it is listed?
When shares initially bought in the unlisted market become listed, the taxation rules change significantly if these shares are sold through a stock exchange. Here's what investors need to know:
Transition to Listed Market Tax Rates: Once unlisted shares are listed on the stock exchange and subsequently sold, the tax rates applicable to listed securities come into effect. This shift means that the favourable tax treatments for listed shares, as per the prevailing tax laws, will apply.
Taxation Based on Holding Period: The crucial factor in determining the type of capital gains tax (Long-term or Short-term) is the holding period of the shares. Importantly, this period is calculated from the original purchase date when the shares were unlisted.
Long-term vs. Short-term Capital Gains: If the shares are sold after being held for more than one year from the date of purchase (including the period when they were unlisted), they are subject to Long-term Capital Gains (LTCG) tax.
Conversely, if sold within one-year, Short-term Capital Gains (STCG) tax rates apply.
Significance for Investors: This information is vital for investors in the unlisted market, as it impacts their tax planning and decision-making process. Understanding these nuances ensures that investors can strategically plan the sale of their shares post-listing to optimize tax implications.
Advice for Investors: It's advisable for investors to keep a record of their purchase dates and monitor the listing dates closely. Additionally, staying updated with the latest tax regulations or consulting with a financial advisor is recommended for accurate tax calculations and compliance. -
How does Altius Investech source Joganiya Energies Limited?
At Altius Investech, our approach to sourcing Boat Unlisted Share (Imagine Marketing) involves a strategic and direct method. Primarily, we acquire these shares from the below key groups:
Employees of the Company: Employee stock option plans (ESOPs) or other compensation packages frequently include shares for firm employees. For a various reasons, such as including portfolio diversification or financial considerations, some of these employees may eventually choose to sell their shares. We engage with these employees, providing them a platform to sell their shares.
Initial Investors: These are the angel or early-stage investors who provided capital to the business in its early stages. These original investors may look to sell all or part of their ownership position in the company as it develops and flourishes. This might be done for various reasons such as in order to maximise their investment, reallocate resources, or make other calculated financial decisions.
Funding rounds and VC funds: Altius Investech sources the shares from private placement rounds in which private companies seek to obtain capital from the market. Through our platform, venture capital funds can liquidate their shares and we receive the inventory from them when they decide to sell a portion of their ownership through block trades.
By establishing connections with these groups, Altius Investech guarantees our clients a steady and dependable supply of Boat Unlisted Share (Imagine Marketing). This process not only makes it easier for employees and initial investors in liquidating their assets, but it also gives our clients access to shares that aren't often found on the open market. Our platform effectively facilitates a win-win situation for both buyers and sellers. -
How to trust Altius Investech before buying Joganiya Energies Limited from its platform?
Altius Investech stands at being India's fastest growing and leading marketplace for buying and selling unlisted shares. We believe in enabling access to alternative sources of investments at lower entry barriers to private equity investments.
With more than 25 years of experience, Altius Investech has carved a niche in the financial market by serving more than 8000 clients. The incredible journey is further highlighted by the vast number of transactions that Altius Investech has facilitated transactions that have already exceeded 300 crores.
For investors Altius Investech curates investment opportunities in companies at reasonable valuations which are on the verge of an IPO leading to massive value unlocking. Investments are backed by thorough research and sound investment thesis, with a time bound exit plan.
For ESOP Shareholder and existing Investors, we assist them to liquidate their shares even if they are not publicly traded by creating a platform where we find the right buyers and sellers for the best prices.
Altius Investech have been featured in top media news outlets like Economic Times, Financial Express, Money control. Check out about us on these - leading publications (Click on link) Our journey over these years has not just been about numbers; it's been about building trust and reliability.
We at Altius Investech are dedicated to upholding the greatest levels of ethics and transparency, making sure that your investment experience is not only profitable but also safe and reliable.
Press of Joganiya Energies Limited
Featured Blogs of Joganiya Energies Limited
Annual Report of Joganiya Energies Limited
Company Information of Joganiya Energies Limited
Featured Companies


