SRMIndustrials

SRM Contractors Limited

Civil Construction · ISIN INE0R6Z01013 · BSE 544158 · NSE EQ · FV ₹10
Last price
₹426
+1.42%today
What this company does

SRM Contractors Limited operates in Civil Construction, part of the Industrials sector. It booked ₹196 cr of revenue in its latest quarter (Q1 FY27) and kept 10.0% of sales as profit.

SRM Contractors Limited is a leading engineering and construction company specializing in the development of roads, bridges, tunnels, slope stabilization, and miscellaneous civil infrastructure projects across India.
In the report:
70out of 100
Equitytale Health Score
Solid

Healthier than 70% of companies in Industrials, on the 5 of 6 measures we could read for it. Each measure is ranked against the 51–290 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
32

At close. Not part of the score.

Profitability & returns78

How much profit it earns on the money it employs

Balance sheet52

How much it owes, and whether earnings cover the interest

Cash quality44

Whether reported profit actually arrives as cash

Valuation88

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 38% vs last year
Profit up 55% vs last year
Promoters hold 73%
No promoter shares pledged
Strong 21% return on equity
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in SRM?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹426 +1.42%
latest close · 2026-09-17
52-wk low ₹40642 sessions so far52-wk high ₹536
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio12.4Low
LowAverageHigh
P/B ratio2.63Moderate
Below bookModerateHigh
EV / EBITDA6.7Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity21.2%Strong
WeakFairStrong ▸15%
Return on capital21.3%Strong
WeakFairStrong
Net margin10.0%Decent
ThinDecentStrong
EBITDA margin19.9%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.32Comfortable
LowModerateHigh ▸1
Interest cover6.3×Strong
RiskyOkayStrong ▸5×
Current ratio1.59Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹977 cr
Book value
₹162
EPS
₹8.59
latest quarter
Net debt
₹65 cr
owes more than its cash
Enterprise value
₹1,042 cr
EBITDA
₹157 cr
annualised
EBIT
₹115 cr
annualised
Operating margin
14.7%
Return on assets
7.9%
Earnings yield
8.07%
P/S
1.24
Sales / share
₹342.2
Tax rate
18.8%
Face value
₹10
Shares
2.3 cr
Working capital
₹266 cr
Current assets
₹719 cr
Current liabilities
₹453 cr
Delivery %
52.3%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Priced about rightMedium confidence
Median of 2 models ₹393 vs market price ₹426 — price is 8% above it
Safety cushion-8.3%(target ≥ +20%)
Models span ₹317₹469, midpoint ₹393
Model ₹393
Price ₹426
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹196 cr
Other Income₹92.3 L
Total Income₹197 cr
Cost of Materials₹140 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹14 cr
Finance Costs₹5 cr
Depreciation & Amortisation₹10 cr
Other Expenses₹5 cr
Total Expenses₹173 cr
Profit before Tax₹24 cr
Tax Expense₹5 cr
Share of JV / Associates₹-0.65 L
Net Profit₹20 cr
Net margin on total income10.0%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹140 cr70.9%
Employee benefit expense₹14 cr7.0%
Finance costs₹5 cr2.3%
Depreciation & amortisation₹10 cr5.2%
Other expenses₹5 cr2.3%
Tax expense₹5 cr2.3%
Profit for the period₹20 cr10.0%
Total income ₹197 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue231 cr446 cr196 cr
Total income232 cr451 cr197 cr
Expenses194 cr381 cr173 cr
Profit before tax37 cr70 cr24 cr
Tax13 cr16 cr5 cr
Net profit (owners' share)24 cr54 cr20 cr
Net margin (owners' share, on revenue)10.4%12.1%10.0%
EPS (₹)10.5023.588.59
YoY (latest quarter): total income +36.9% · net profit +54.6%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹995 cr
Shareholder equity
₹371 cr
parent shareholders
Total debt
₹133 cr
Cash
₹69 cr
Cash flow · H1 FY26
Operating
₹63 cr
Investing
₹-63 cr
Financing
₹20 cr
Peer comparison
Civil Construction · by market value
CompanyPriceMarket capP/E
Larsen & Toubro Limited₹3,836₹5.28 L cr32.0
Rail Vikas Nigam Limited₹202₹42,055 cr66.3
Kalpataru Projects International Limited₹1,399₹23,900 cr19.3
IRB Infrastructure Developers Limited₹19₹22,767 cr18.9
NBCC (India) Limited₹82₹22,175 cr36.0
Cemindia Projects Limited₹1,255₹21,563 cr38.3
Engineers India Limited₹264₹14,824 cr23.5
Techno Electric & Engineering Company Limited₹985₹11,452 cr30.7
KEC International Limited₹402₹10,700 cr36.8
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-06-30
No pledge
Promoter
72.6%
FII / Foreign
0.1%
DII / Domestic
0.3%
Retail / others
27.1%
Promoter stake down 0.3% over the last 10 quarters.
Smart-money activity
Insider trades
BoughtPuneet Pal Singh · Promoters28,334 · ₹1.5 cr9 Dec 25
BoughtKavita Sharma · Promoter Group19,000 · ₹99.5 L9 Dec 25
SoldASHLEY MEHTA · Promoters20,558 · ₹1.0 cr4 Sep 25
Bulk / block deals
BoughtNK SECURITIES RESEARCH PRIVATE LIMITED · NSE1.20 L @ ₹548.9826 May 26
SoldNK SECURITIES RESEARCH PRIVATE LIMITED · NSE1.20 L @ ₹549.3726 May 26
SoldNEOMILE GROWTH FUND-SERIES I · NSE1.82 L @ ₹554.4926 May 26
Stake changes
SoldNeomile Groth Fund-Series 1, Neomile Asset Managers Pvt Ltd→ 4.93% · 6.23 L29 May 25
BoughtNeomile Corporate Advisory Limited→ 7.64% · 6.49 L9 Jul 24
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 29 Sep 2025
See the official result
1
To receive, consider and adopt audited standalone and consolidated financial statements of the Company for the financial year ended March 31, 2025 together with the Report of the Board of Directors and Report of the Auditors thereon and other reports.
Backed by 100% of shareholders other than promotersneeded 50%
1.75 L votes for, 1 against
2
To appoint director in place of Mr. Puneet Pal Singh (DIN:09740051), Whole-time Director of the Company who retires by rotation at this Annual General Meeting and being eligible offers himself for re-appointment.
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
1.75 L votes for, 1 against
3
To make alteration in the Articles of Association (AOA) of the company
Backed by 100% of shareholders other than promotersneeded 75%
1.75 L votes for, 1 against
4
To approve the change in designation of Mr. Sanjay Mehta (DIN:02274498) from managing director to non- executive director.
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
1.75 L votes for, 1 against

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 21 named members
owning 72.6% between them · as of 2026-06-30
SANJAY MEHTA62.02%
ALEENA MEHTA3.49%
ASHLEY MEHTA3.40%
KAVITA SHARMA3.12%
PUNEET PAL SINGH0.56%
AKHILIEET KAURno shares
GRAMMANG HYDEL PROJECTS LLPno shares
KAMAL MEHTAno shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it
1 fundraise spent differently than promised

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹130 cr raised in Apr 2024 by selling shares to the public
⚑ company reported a change of plan

As of Mar 2026, the company says it has spent 91% of what it set aside, leaving ₹13 cr still to be spent. CARE RATINGS LIMITED watches the spending on the exchange’s behalf.

No commentsthe company’s own explanation, as filed · shareholders approved the change
Issue realted expenses
now filed as: NOT MODIFIED
100%
₹7 cr of ₹7 cr
Funding capital expenditure requirements for the purchase of equipment /machineries
now filed as: MODIFIED
59%
₹18 cr of ₹32 cr
Full or part repayment and /or prepayment of certain outstanding secured borrowings availed by our company
now filed as: NOT MODIFIED
100%
₹10 cr of ₹10 cr
Funding the Working Capital requirement
now filed as: NOT MODIFIED
100%
₹46 cr of ₹46 cr
Investment in Joint Venture/Associates/Subsidiaries of company
now filed as: MODIFIED
originally ₹12 cr
budget changed
100%
₹25 cr of ₹25 cr
General Corporate purposes
now filed as: NOT MODIFIED
100%
₹24 cr of ₹24 cr

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.