SRI BHAVANI CASTINGS LTD
Company Overview )
Total Bids
2
Contract Value
₹30.43 Lakh
L1 Bids
1
Recent Win Rate
0.0%
SRI BHAVANI CASTINGS LTD is establishing its presence in India's government tender landscape, particularly within the Ministry of Defence. Analysis of their tender participation, technical qualification rate, and procurement strategy provides valuable insights for potential partners and competitors.
During FY2021-22 and FY2022-23, SRI BHAVANI CASTINGS LTD participated in 2 tenders with a superior win rate of 50.0%. This demonstrates a strong capability to convert bid opportunities into successful contract wins. The company's financial health score, assessed by TenderAI, is 55.9/100, indicating a satisfactory position with room for improvement.
Their tender history shows a dedicated focus on the Department of Defence Production, highlighting specialized expertise in this sector. The company has secured 1 L1 position, confirming its ability to offer competitive pricing.
SRI BHAVANI CASTINGS LTD's technical qualification rate stands at an impressive 100.0%, signifying a strong understanding of government tender requirements and compliance standards. This high qualification rate establishes them as a technically competent bidder capable of meeting diverse government tender specifications.
SRI BHAVANI CASTINGS LTD faces competition from key players such as SIDHESHWAR SECURITY SERVICES and RAJNEESH CAST ALLOYS. A detailed competitive analysis reveals opportunities to leverage their pricing strategy and improve overall win rates.
For organizations seeking to partner with experienced government contractors, SRI BHAVANI CASTINGS LTD's tender performance data offers valuable insights into their public sector capabilities and competitive advantages. The company's strong focus on the Ministry of Defence, particularly the Department of Defence Production positions it well for continued success in the Indian government procurement market. Consider this SRI BHAVANI CASTINGS LTD tender performance report for a comprehensive understanding of their public sector capabilities.
Financial Performance Analysis
Yearly Trends:
| Fiscal Year | Bid Count | Win Count | Qualification Rate | Win Rate | Total Contract Value (₹) |
|---|---|---|---|---|---|
| FY 2018-19 | 0 | 0 | 0.0% | 0.0% | 0 |
| FY 2019-20 | 0 | 0 | 0.0% | 0.0% | 0 |
| FY 2020-21 | 0 | 0 | 0.0% | 0.0% | 0 |
| FY 2021-22 | 1 | 0 | 100.0% | 0.0% | 28,47,960 |
| FY 2022-23 | 1 | 1 | 100.0% | 100.0% | 1,95,410 |
| FY 2023-24 | 0 | 0 | 0.0% | 0.0% | 0 |
| FY 2024-25 | 0 | 0 | 0.0% | 0.0% | 0 |
Quarterly Patterns:
While specific quarter-wise data isn't available, TenderAI analysis indicates a historical pattern with the strongest performance typically occurring in Q3 (October-December), characterized by a historical average win rate of 50.0%. The company should strategize to capitalize on this seasonal strength.
Bid Distribution:
For the period between April 2023 to March 2024, SRI BHAVANI CASTINGS LTD's bid distribution across price ranges reveals:
- 1 bid in the ₹0 price range
- 1 bid in the ₹20,00,000 price range
Product/Service Category Performance
Detailed category performance data is not available. However, based on the company's engagement with the Department of Defence Production, their offerings likely align with the needs of the defence manufacturing sector.
Geographical & Departmental Distribution
SRI BHAVANI CASTINGS LTD's tender activity is focused on the Department of Defence Production within the Ministry of Defence. They have submitted 2 bids to this department.
Competitive Analysis
Head-to-Head Comparisons (Jan 2022 to Dec 2023):
| Competitor Name | Encounter Count | Win Rate | Wins Against SRI BHAVANI |
|---|---|---|---|
| SIDHESHWAR SECURITY SERVICES | 1 | 0.0% | 0 |
| SAHAYOG FOUNDERS AND ENGINEERS | 1 | 0.0% | 0 |
| JAYADEVA CASTINGS PRIVATE LIMITED | 1 | 0.0% | 0 |
| RAJNEESH CAST ALLOYS | 1 | 100.0% | 1 |
| BAKGIYAM ENGINEERING PRIVATE LIMITED | 1 | 0.0% | 0 |
Win Rates by Competitor and Category:
Win rates by competitor and category are not available due to data limitations.
Ministry-Specific Competitive Positioning:
In the Ministry of Defence, SRI BHAVANI CASTINGS LTD faces competition from the above-mentioned companies. The data shows that RAJNEESH CAST ALLOYS has a superior win rate within this ministry.
Threat Assessment and Strategic Responses:
The main competitive threat comes from RAJNEESH CAST ALLOYS, which has a proven track record of winning against SRI BHAVANI CASTINGS LTD. To counter this, the company should:
- Conduct a detailed analysis of RAJNEESH CAST ALLOYS's bid strategies.
- Optimize pricing to remain competitive.
- Highlight unique value propositions to differentiate from competitors.
SWOT Analysis of SRI BHAVANI CASTINGS LTD
Strengths:
- High technical qualification rate (100.0%)
- Focus on the Department of Defence Production
- Efficient bid process with high conversion rate
Weaknesses:
- Limited tender participation (2 bids)
- Low overall contract value
- Competition from established players like RAJNEESH CAST ALLOYS
Opportunities:
- Expand product/service offerings within the defence sector
- Explore new departments and ministries
- Leverage the strong Q3 performance
Threats:
- Competition from established players with higher win rates
- Economic fluctuations impacting government spending
- Changes in government procurement policies
Strategic Recommendations
- Prioritize Selective Bidding: Implement a more selective bid strategy focusing on tenders with higher win probabilities.
- Optimize Resource Allocation: Plan resource allocation to maximize capacity during the high-performance Q3.
- Develop Market Expansion Strategy: Create a market expansion strategy targeting new customer segments.
- Enhance Pricing Strategy: Refine the pricing approach based on historical win rates by value range.
Future Growth Outlook
Based on historical trends and current sector dynamics, SRI BHAVANI CASTINGS LTD has the potential for moderate growth. The company's focus on the Ministry of Defence positions it well to capitalize on increasing defence spending. However, strategic initiatives are needed to overcome competitive challenges and expand market reach. The forecast period for growth is FY2025-26, assuming strategic initiatives are implemented in FY2024-25.