Ranjeet Mechatronics Ltd Management Discussions

COMPANY INTRODUCTION AND BUSINESS SEGMENT IN WHICH IT OPERATES:

The Company was established in the year 1949 in the name of Ranjeet Electric Limited and were working as an Authorised Dealer/ Distributor for Kirloskar Oil Engines, Kirloskar Brothers and Kirloskar Electric Co. Ltd. providing complete solution for fluid transfer.

RANJEET MECHATRONICS LIMITED, is one of Indias fastest growing Pipe Fabrication & Jointing Provider (MS, GI, SS, CS, FRP, GRE, DI, CPVC, UPVC, PP, CI, HDPE), Fire Protection System, Safety System, Security & Automation Solution Provider Company with Presence in almost all major cities of India.

The fire protection system market is experiencing strong growth, driven by rising awareness of safety standards and the increasing need for fire prevention in both residential and commercial spaces. A fire protection system includes devices and installations designed to detect, control, and extinguish fires, with key components such as fire detection systems, sprinkler systems, fire suppression, and response mechanisms. Technological advancements, including smart detection systems and integration with IoT, have boosted the efficiency of fire protection solutions, enabling real-time monitoring and control. Recent developments in this sector include innovative products with wireless connectivity, enhanced sensor accuracy, and environmentally-friendly suppression agents. Growing construction activities and stricter safety regulations are expected to further propel the market, creating opportunities for robust fire protection solutions across various sectors, including residential, industrial, and commercial settings.

The global fire protection system market size was valued at USD 81.22 billion in 2024 and is projected to reach USD 150.11 billion by 2032, with a CAGR of 7.98% during the forecast period of 2025 to 2032. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

The advent of technological advancements in fire protection systems, such as the integration of Internet of Things (IoT) and smart technology, is rapidly transforming the India Fire-Protection Systems Market Industry. Companies like Honeywell and Bosch are at the forefront of developing innovative fire alarm systems that offer real-time monitoring and quick response features. These technological innovations not only enhance the effectiveness of fire safety measures but also create new market opportunities and improve overall safety management in both commercial and industrial environments. According to the Ministry of Electronics and Information Technology, the push for smart technologies is expected to see a growth rate of 20% year- on-year, thus further driving the fire protection market as well. Source: https://www.marketresearchfuture.com/reports/india-fire-protection-systems-market-46791

Artificial intelligence (AI) is undergoing transformation in the fire detection system market outlook by identifying and assessing potential fire threats more quickly and accurately. AI-video smoke and image detection, along with predictive analytics, helps better analyze visual and thermal data, which helps reduce false alarms and improve response time.

The Total revenue from operations of the Company during the Financial year 2024-25 was lower at Rs.1079.02 lakhs against the total revenue of Rs.1655.47 lakhs in the previous financial year 2023-24.The Total expenses of the Company during the financial year 2024-25 was Rs.860.85 lakhs as against the expenses of Rs. 1525.22 lakhs in the previous financial year 2023-24.

Finance Cost during the financial year 2024-25 stood at Rs. 131.57 lakhs as against Rs.133.92 lakhs in the previous financial year 2023-24. The Depreciation cost for the financial year 2024-25 was Rs. 10.40 lakhs as against Rs.13.93 lakhs for the previous financial year 2023-24.

The Profit after tax is Rs.95.01 lakhs for the financial year 2024-25 as compare to Rs.12.56 lakhs in the previous financial year 2023-24.

SMART BUILDING INTEGRATION

The rise of smart buildings, there is a growing demand for fire protection systems that can seamlessly integrate with building automation to enhance both safety and operational efficiency. these advanced systems provide features such as remote monitoring, real-time alerts, and automated responses that allow building managers to monitor fire risks and detect hazards proactively. by connecting with centralized control systems, smart fire protection solutions also enable data analytics, energy-efficient operations, and quick response times, reducing the potential for fire-related damages. this demand for interconnected, intelligent fire protection systems creates a significant market opportunity, as smart building development accelerates globally in both commercial and residential sectors.

Environmental and Sustainable Solutions

As environmental concerns continue to grow, there is a rising demand for eco-friendly fire suppression agents and sustainable fire protection products. traditional fire suppression agents, such as halon, are being phased out due to their harmful impact on the ozone layer, leading to the development of greener alternatives. eco-friendly agents such as water-based and inert gas systems are gaining popularity for their minimal environmental footprint. this shift toward sustainable solutions presents a significant market opportunity for manufacturers to innovate and develop fire protection products that are both effective and environmentally responsible, meeting regulatory requirements and consumer preferences for greener technologies.

Government Regulations and Safety Standards

The India Fire-Protection Systems Market Industry is significantly driven by stringent government regulations and safety standards aimed at reducing fire hazards in residential, commercial, and industrial sectors. The Ministry of Home Affairs in India has implemented the National Building Code, which mandates the installation of fire safety measures in new constructions. According to the National Fire Protection Association, the implementation of these codes has led to a 30% reduction in fire-related incidents since their inception.

The effective enforcement of these regulations by local fire departments and the emphasis on compliance by major construction firms, such as L and Tata Projects, further solidifies the markets growth potential. As cities expand and the urban population rises, the demand for comprehensive fire protection systems will inevitably increase alongside stringent safety protocols.

LACK OF SKILLED PROFESSIONALS

A significant challenge in the fire protection system market is the shortage of skilled professionals capable of installing, maintaining, and troubleshooting advanced systems. The complexity of modern fire protection technologies requires specialized knowledge and expertise, and the demand for such professionals often exceeds supply. This shortage can lead to delays in system deployment, increased service costs, and difficulties in ensuring that systems are properly maintained over time. As a result, many organizations may struggle to adopt or fully utilize advanced fire protection solutions, ultimately slowing market penetration and limiting growth opportunities for manufacturers in certain regions.

HIGH INITIAL COSTS

The high initial costs associated with advanced fire protection systems pose a significant restraint in the market, particularly in large-scale commercial and industrial environments. These systems often require substantial investment in both hardware and installation, which can be a barrier, especially for businesses operating in price-sensitive markets or those with limited budgets. In some cases, organizations may opt for less expensive, less comprehensive solutions to avoid the high upfront expenses, potentially compromising on the effectiveness and safety of their fire protection measures. This financial challenge can limit the widespread adoption of advanced fire protection technologies, especially in emerging markets.

This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

The Company sometimes provides its service by extending credit to customers with the attendant risk of payment delays and defaults. To mitigate the risk, our team ensures that service to customers are provided after evaluating their ability to meet financial commitments through allotment of specific credit limits to respective customers.

The Company has proper and adequate systems of internal controls commensurate with its size and nature of operations to provide reasonable assurance that all assets are safeguarded, transactions are authorized, recorded & reported properly and to ascertain operating business risks, which are mitigated by regular monitoring and corrective actions. The internal control systems have been designed so as to ensure that the financial and other records are reliable and reflect a true and fair view of the state of the Companys business.

A qualified and independent Audit Committee of the Board of Directors actively reviews the adequacy and effectiveness of Internal Control Systems as well as Internal Financial Controls and suggests improvements for strengthening them. Similarly the Internal Auditors are also monitoring the Internal Control/ Internal Financial Control Systems.

Employees are the key to achieve the Companys objectives and strategies. Your Company considers human resource to be an important and valuable asset for the organization. Therefore, it constantly strives to attract and retain best "Talents" for the present and future business requirements and growth. The Company thankfully acknowledges their commitment, dedication and passion and sacrifices. And the Company expects their continuous guidance and support in future. The Company inspires and motivates employees and promotes teamwork, trust and confidence for the organizational growth and to attain the organizational goals. The Company is going to provide a meaningful environment which gives boost in their confidence and help to realize their potential and motivation to develop personally and professionally. The Board is reshaping the size of the employees as per the projects and business in hand.

Certain statements in the reports of the Board of Directors and Managements Discussions and Analysis may be "forward-looking statements" within the meaning of applicable securities laws and regulations. All statements that address expectations or projections about the future, including but not limited to statements about the Companys strategy for growth, product development, market positioning, expenditures and financial results are based on certain assumptions and expectations of future events. The Companys actual results, performance or achievement may thus differ materially from those projected in such forward-looking statements. The Company assumes no responsibility to publicly amend, modify or revise any forward-looking statement on the basis of any subsequent developments, information or events.