Kwick Forensic Solutions Limited
Company at a glance · Human reviewed · 26 Aug 2026
The business, in brief
Kwick Forensic Solutions Limited is primarily engaged pan India in the business of modernization of Police Departments involved in crime scene investigations and specialises in evidence identification, collection, digitization using scientific kits and user friendly handheld devices.
- Customer concentration
- 77.64% top 10 customers
- Total borrowings
- ₹0 cr Fiscal 2025-26
- Forensic Science & Physical Evidence Solutions
- Mobile CSI Vehicles
- Cyber & Digital Forensics
- DNA Forensics
- Rental of Forensic Equipment and AMC & other related services
* Estimated date based on the standard exchange timeline. Unmarked dates are exchange-reported.
Calculated at the upper band of ₹90.00 per share. Amounts exclude blocked-funds variation.
Prospectus dossier
Numbers, plans & pressure points
A focused reading of the company's reported financials, planned use of proceeds, business strengths and material risks.
A multi-year view
Figures retain the units reported in the RHP| Fiscal year | Revenue | Profit after tax | Operating cash flow | Borrowings | Net worth |
|---|---|---|---|---|---|
| 2025-26 | ₹105.71 cr | ₹13.51 cr | ₹7.62 cr | ₹0 cr | ₹41.41 cr |
| 2024-25 | ₹65.03 cr | ₹8.56 cr | ₹4.65 cr | ₹3.26 cr | ₹27.9 cr |
| 2023-24 | ₹30.18 cr | ₹2.83 cr | ₹-2.61 cr | ₹3.24 cr | ₹9.86 cr |
01 Use of funds
Where the
money goes.
02stated objects
in the filing
Funding the Working Capital requirement of our CompanyRHP p. 87
General Corporate PurposesRHP p. 87
02 Growth case
What could drive
the business.
05signals found
in the filing
Strong relationships with several leading OEMs including Sirchie (USA), Thermo Fisher Scientific, Invitrogen, and others.RHP p. 149
Quality assurance and certifications such as ISO 9001:2015, ISO 14001:2015, ISO/IEC 20000-1:2018, and ISO/IEC 27001:2022.RHP p. 130
Presence in niche market segments with no direct listed competitors offering a similar end-to-end portfolio for law enforcement.RHP p. 149
Scaling forensic capabilities in line with government priorities and allocations for the modernization of forensic science laboratories.RHP p. 150
Shift in legal framework towards digital evidence collection and preservation following new criminal laws like BNS, BNSS, and BSA.RHP p. 150
03 Risk factors
Read the downside first.
Selected material risks disclosed in the RHP. Read these before the upside case. This summary is not a substitute for the prospectus.
Geographic concentration of products and services in Bihar and Gujarat
Our products and services across the four business segments are significantly concentrated in specific geographic markets, primarily the states of Bihar and Gujarat. Any material adverse developments in Bihar and Gujarat may disproportionately affect our business performance.
Absence of long-term agreements with a majority of customers
We do not have firm, long-term supply agreements with most customers and primarily rely on purchase orders rather than fixed-term contracts. As a result, our customers may amend, reschedule, reduce, or cancel purchase orders prior to finalisation.
High reliance on a limited number of suppliers for raw material procurement
Our Company procures a substantial portion of its raw material requirements from a limited number of suppliers with whom we have established long-standing business relationships. Any disruption, delay, or inability of these suppliers to meet their commitments could adversely impact availability.
High dependency on government entities for revenue
For the Financial Years ended March 31, 2026, 2025 and 2024, revenue from Government entities constituted 55.22%, 78.91% and 86.98% of our total revenue, respectively.
Working capital intensive business operations
Our business is tender-led and involves supply, integration, deployment and servicing of forensic products and solutions for government and Private sector customers, leading to high working capital requirements.
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