We use cookies for analytics and ads to improve your experience. You can accept or decline. See our Privacy Policy.
Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

Valuation
Financials (FY2022)
Investment Thesis
Ripple Infra Systems Private Limited is a Hyderabad-based niche infrastructure company focused on LPG piped gas pipeline installation, incorporated in 2014. It operates in a segment supported by government policy and urbanisation trends. However, as a private limited company with no public financial disclosures and limited track record, it carries significant information risk for investors.
Pros
Cons
Business Segments
Building Construction & Civil Engineering
Building of complete constructions and parts thereof; civil engineering projects; Hyderabad, Telangana; NIC 45209.
Revenue Model
Ripple Infra Systems earns revenue on a project basis through turnkey contracts for LPG piped gas infrastructure installation. Revenue is recognised upon project milestones or completion, with income from both civil construction and gas system installation components.
Detailed Analysis
Growth Plans
Government initiatives to expand piped gas networks in urban and semi-urban India
Growing residential real estate development in Hyderabad and Telangana driving demand for integrated utility infrastructure
Industry Tailwinds
Government initiatives to expand piped gas networks in urban and semi-urban India
Growing residential real estate development in Hyderabad and Telangana driving demand for integrated utility infrastructure
Recent Developments
Comparable Companies
IGL · ~₹30,000 Cr
MGL · ~₹12,000 Cr
Frequently Asked Questions
About Ripple Infra Systems Private Limited
Ripple Infra Systems Private Limited is a Hyderabad-based infrastructure company incorporated in November 2014. The company specialises in turnkey LPG piped gas pipeline installation and infrastructure services for residential apartment complexes, commercial buildings, and industrial facilities across India. Ripple designs, installs, and commissions complete reticulated gas systems — providing a safe and centralised alternative to individual LPG cylinders. Operations span multiple cities including Hyderabad, Chennai, Bengaluru, and Delhi. In addition to piped gas systems, the company undertakes anchor fastener installation and fire-stop system solutions. Part of the broader Ripple Group which includes construction products businesses, the company serves real estate developers, housing societies, and industrial clients. With an authorised capital of Rs. 15 Cr and paid-up capital of Rs. 9.98 Cr, the company operates in the growing segment of utility infrastructure for residential and commercial real estate. Revenue is estimated at approximately Rs. 45 Cr based on available data. As a private limited company, detailed financials are not publicly available.
Key Milestones
Incorporated November 25, 2014 in Telangana (CIN: U45209TG2014PTC096529) — 11 years old; Hyderabad
Building construction + civil engineering; authorized ₹15 Cr; paid-up ₹9.98 Cr
Common questions about unlisted shares
You buy from and sell to the wisefolio desk — shares route through the desk's demat, money-in before shares-out.
You enquire
· Takes 2 minutesTell us the company and quantity you want. Share your demat details so we can settle directly into your account.
We source & quote
· Typically within 1 business dayOur desk sources the shares and comes back with a firm price and an allocation for the quantity available.
You accept the allocation
· Quote valid for 3 daysReview the price, quantity and total. Accept to lock the allocation. The quote is valid for a short window before it needs re-pricing.
You transfer the funds
· Pay within 2 days of acceptingPay by direct bank transfer to the desk's published account — never to a personal account. We confirm receipt and begin the transfer.
Shares reach your demat
· Usually credited within 2–3 business daysOnce payment is verified, the shares are transferred from the desk's demat into yours, and you receive a transfer confirmation.
A principal desk for unlisted & pre-IPO shares — you transact with us, not a stranger.
You enquire
Takes 2 minutes
We source & quote
Typically within 1 business day
You accept the allocation
Quote valid for 3 days
You transfer the funds
Pay within 2 days of accepting
Shares reach your demat
Usually credited within 2–3 business days
Unlisted shares are illiquid and carry higher risk. Pricing is indicative, not live, and these are private off-market transactions with no exchange settlement guarantee. Read the full risk disclosure.
Be the first to discuss Ripple Infra Systems Private Limited — share your research, ask questions, or compare notes with other investors.
Industry Headwinds
Policy shift towards CNG/PNG over LPG piped systems could reduce addressable market
Working capital strain from long project cycles typical in infrastructure contracting
Key Strengths
Specialist niche in LPG piped gas systems — growing demand from real estate developers seeking RERA-compliant utility infrastructure
Multi-city presence (Hyderabad, Chennai, Bengaluru, Delhi) enabling large developer account servicing
Part of Ripple Group providing cross-business synergies
Key Weaknesses
Private limited company with no public financial disclosure
Relatively small scale (~Rs. 45 Cr revenue) in a project-based business
Competition from larger EPC players and utility companies for piped gas infrastructure
Limited public financial disclosure as a private company
Source: Media Reports / Public Records
Active charges (loans) of Rs. 3.90 Cr against company assets
Source: Company Financial Filings
Revenue estimates from secondary sources — not audited public data
Source: Company Financial Filings
LPG distribution and piped gas infrastructure is regulated by PNGRB and state petroleum departments; any regulatory changes can impact project approvals and timelines
Turnkey infrastructure projects carry risks of cost overruns, project delays, and client payment delays, which can strain cash flows
Faces competition from established civil and gas infrastructure contractors with larger balance sheets and longer track records
Revenue growth +27.23% (FY2023); profit growth +103.16%; revenue ₹1-100 Cr (FY2022)
Directors: Prashanth Munnola, Kishore Yadav Munnola (Munnola family), Ved Krishna Uppuluri