SRM Contractors Ltd
NSE: SRM BSE: 544158Infra
Incorporated in 2008, SRM Contractors Ltd is engaged in construction of roads including bridges, tunnel works, and slope stabilisation works[1]
₹485
52W: ₹350 — ₹652
PE 14.9 · Book ₹130 · +273% vs bookMarket Cap₹1,112 Cr
Stock P/E14.9Price to Earnings
ROCE31%Return on Capital
ROE25.6%Return on Equity
Div. Yield0%Face Value ₹10
Strengths
- +Company is expected to give good quarter
- +Company has delivered good profit growth of 68.8% CAGR over last 5 years
- +Company has a good return on equity (ROE) track record: 3 Years ROE 26.5%
Weaknesses
- −Though the company is reporting repeated profits, it is not paying out dividend
- −Working capital days have increased from 47.2 days to 70.3 days
Shareholding Pattern
Promoters72.59%
FIIs0.43%
DIIs1.11%
Public25.87%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 72.92% | 72.92% | 72.92% | 72.92% | 72.48%▼0.4 | 72.39%▼0.1 | 72.59%▲0.2 | 72.59% |
| FIIs | 2.49% | 0.28%▼2.2 | 0.09%▼0.2 | 0.04%▼0.0 | 0.17%▲0.1 | 0.16%▼0.0 | 0.05%▼0.1 | 0.43%▲0.4 |
| DIIs | 4.81% | 4.81% | 4.32%▼0.5 | 3.45%▼0.9 | 2.42%▼1.0 | 1.52%▼0.9 | 1.26%▼0.3 | 1.11%▼0.1 |
| Public | 19.78% | 21.99%▲2.2 | 22.68%▲0.7 | 23.59%▲0.9 | 24.93%▲1.3 | 25.93%▲1.0 | 26.1%▲0.2 | 25.87%▼0.2 |
Financial Statements
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 108 | 87 | 108 | 54 | 95 | 150 | 227 | 143 | 192 | 203 |
| Expenses | 94 | 79 | 95 | 44 | 80 | 128 | 193 | 123 | 163 | 166 |
| Operating Profit | 14 | 8 | 13 | 10 | 15 | 23 | 34 | 21 | 28 | 37 |
| OPM % | 13% | 9% | 12% | 18% | 16% | 15% | 15% | 14% | 15% | 18% |
| Net Profit | 8 | 4 | 7 | 5 | 9 | 14 | 23 | 13 | 19 | 19 |
| EPS ₹ | 4.92 | 2.33 | 4.1 | 2.04 | 3.88 | 6.17 | 9.85 | 5.69 | 8.47 | 8.47 |
AI Insights
Revenue Trend
TTM revenue at ₹764Cr, up 45% YoY. OPM at 16%.
Debt Position
Borrowings at ₹60Cr. Debt-to-equity ratio: 0.22x. Healthy balance sheet.
Institutional Flow
DIIs: 1.11% (-3.70pp change). FIIs: 0.43% (-2.06pp change). Promoters hold 72.59%.
Margin & Efficiency
ROCE improving from 0% (Mar 2020) to 31% (Mar 2025). Working capital days: 70.
Valuation
PE 14.9x with 31% ROCE. Price is 273% above book value of ₹130. Dividend yield: 0%.
Recent Announcements
- Monitoring Agency Report For The Quarter And Year Ended March 31,2026 14 May - CARE monitoring report for Q4FY26 says all ₹130.20 crore IPO proceeds were fully utilized, with no deviations.
- Announcement under Regulation 30 (LODR)-Press Release / Media Release 28 Apr - SRM Contractors received Rashtriya Ratna Samman 2026 as EPC Contractor of the Year.
- Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015 - Administrative Warning Letter Received From SEBI 24 Apr - SEBI issued an administrative warning letter for missing prior approval on related-party transactions in FY2024-25.
- Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 15 Apr - SRM Contractors won NHAI and PWD Maharashtra contracts totaling Rs. 168 crore for road works.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 14 Apr
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Rating update 3 Jul 2025 from care