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SRM Contractors Ltd (SRM)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544158 NSE: SRM Engineering - Construction | Small Cap | SRM Contractors Share Price

₹420.95 -19.50 (-4.43%)

As on 15-Sep'26 16:59

SRM Contractors Ltd (SRM)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544158 NSE: SRM Engineering - Construction | Small Cap | SRM Contractors Share Price

₹420.95 -19.50 (-4.43%)

As on 15-Sep'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹966 Cr.
Current Price
₹421
52-Week Low / High
₹362 / 652
TTM EPS
₹51.4
TTM Sales
₹1,079 Cr.
Book Value per Share
₹170.3
P/E Ratio
8.19
Lower than its 5-year historical median
Industry PE
24
Price to Book (P/B)
2.47
Lower than its 5-year historical median
Price to Sales (P/S)
0.89
Lower than its 5-year historical median
EV/EBITDA
4.71
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
30.07%
Outperforms industry median
Return on Capital Employed (ROCE)
33.16%
Outperforms industry median
Return on Assets (ROA)
17.12%
Operating Profit Margin
15.4%
Net Profit Margin
10.41%
Gross Profit Margin
16.6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
-
53.78%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
95.68%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
103.93%
Asset Quality
Promoter Holding
72.59%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹368 Cr.
Equity
₹22.9 Cr.
Face Value
₹10
All Time Low / High
₹148.00 / 652.25

SRM Contractors stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Undervalued

Price Trend

Weak
Q.1 Is SRM Contractors Ltd a good quality company?
SRM Contractors Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does SRM Contractors Ltd performance compare with that of its Peers?
Q.1 Revenue growth of SRM Contractors Ltd vs industry peers?
SRM Contractors Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 0.00%, indicating stable growth and maintaining its market share.
Q.1 Promoter shareholding and pledge status of SRM Contractors Ltd?
Promoters hold 72.59% of the SRM Contractors Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of SRM Contractors Ltd over the last decade?
Over the last 1 year(s), the stock has delivered a CAGR of -10.57% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
SRM Contractors Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'23Mar'24Mar'25TTM
ROCE % 28.2%25.1%31%-
Value Creation
Index
1.00.81.2-

Growth Parameters

Sales 300342527857
Sales YoY Gr.-14%53.8%-
Adj EPS 11.413.221.938.6
YoY Gr.-16.3%65.1%-
BVPS (₹) 38.151.3116.1160.3
Adj Net
Profit
19.122.250.288
Cash Flow from Ops. 014.31.1-
Debt/CF from Ops. 03.337.9-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NANANA53.8%
Adj EPS NANANA65.1%
BVPSNANANA126.1%
Share Price - - - -17.4%

Key Financial Parameters

Mar'23Mar'24Mar'25TTM
Return on
Equity %
29.923.525.627.9
Op. Profit
Mgn %
12.812.215.417.2
Net Profit
Mgn %
6.46.59.510.3
Debt to
Equity
0.70.60.2-
Working Cap
Days
010111764
Cash Conv.
Cycle
0192234

Valuation of SRM Contractors - Consolidated

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Sales160264300342528
Operating Expenses + 144233262301447
Manufacturing Costs511051012228
Material Costs6087102258380
Employee Cost 79111319
Other Costs 263348820
Operating Profit 1730384281
Operating Profit Margin (%) 10.3%11.4%12.8%12.2%15.4%
Other Income + 220814
Exceptional Items 00000
Interest 23667
Depreciation 568914
Profit Before Tax 1123253574
Tax 366819
Profit After Tax 818192755
PAT Margin (%) 5.2%6.7%6.2%7.9%10.4%
Adjusted EPS (₹)4.910.511.216.124.0
Dividend Payout Ratio (%)0%0%0%0%0%
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 27446390276
Share Capital 22171723
Reserves 25434674253
Debt +2323373928
Long Term Debt2018262614
Short Term Debt35121314
Minority Interest00000
Trade Payables4227113268
Others Liabilities 2125267436
Total Liabilities 112120137235408

Fixed Assets

Net Fixed Assets +3029394073
Gross Block46526979125
Accumulated Depreciation1622303952
CWIP 00000
Investments 6491426
Inventories58102785
Trade Receivables2316153139
Cash Equivalents 1617215993
Others Assets 3346436391
Total Assets 112120137235408
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 141013141
PBT 1123253574
Adjustment 8914914
Changes in Working Capital -2-18-21-22-67
Tax Paid -3-5-6-8-19
Cash Flow From Investing Activity + -13-6-19-14-47
Capex -11-6-18-9-46
Net Investments 000-5-1
Others -2-0-100
Cash Flow From Financing Activity + 5-3103980
Net Proceeds from Shares 0003991
Net Proceeds from Borrowing -3-280-13
Interest Paid -2-3-600
Dividend Paid 00000
Others 101801
Net Cash Flow 5144034
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)30.8249.3134.8635.1430.07
ROCE (%)22.5838.4433.1328.0533.16
Asset Turnover Ratio1.422.272.331.841.64
PAT to CFO Conversion(x)1.750.560.680.520.02
Working Capital Days
Receivable Days51.4026.8019.2024.9024.40
Inventory Days10.609.1011.4020.2038.90
Payable Days258.50145.5068.7030.8048.30

Top 5 Mutual Funds Holding

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Announcements

SRM Contractors Ltd FAQs

The current trading price of SRM Contractors on 15-Sep-2026 16:59 is ₹420.9.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 14-Sep-2026 the market cap of SRM Contractors stood at ₹965.8 Cr

The latest P/E ratio of SRM Contractors as of 14-Sep-2026 is 10.92.

The latest P/B ratio of SRM Contractors as of 14-Sep-2026 is 2.63.

The 52-week high of SRM Contractors is ₹652.2 and the 52-week low is ₹361.6.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of SRM Contractors is ₹857 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that SRM Contractors Ltd is a average quality company.

The key valuation ratios of SRM Contractors Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of SRM Contractors Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About SRM Contractors Ltd

The company was incorporated on September 4, 2008 as ‘SRM Contractors Private Limited’, a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated September 4, 2008 issued by the Registrar of Companies, Jammu. Subsequently, the company was converted to a public limited company, pursuant to a special resolution passed by the shareholders of the company at the extraordinary general meeting held on June 30, 2023 and the name of the company was changed from “SRM Contractors Private Limited” to “SRM Contractors Limited”, pursuant conversion from private to public company and a fresh certificate of incorporation dated August 11, 2023 issued by the Registrar of Companies, Jammu.

The company is an engineering construction and development company engaged primarily in the construction of roads (including bridges), tunnels, slope stabilisation works and other miscellaneous civil construction activities in the Union Territories of Jammu & Kashmir and Ladakh. It undertakes construction works both as an EPC contractor and on an item rate basis for infrastructure projects. The company also undertakes sub-contracting assignments of infrastructure construction projects. It has a track record of successful execution of road, tunnel and slope stabilization projects in the difficult terrain of union territories of Jammu & Kashmir and Ladakh. It has developed the expertise and know-how to undertake infrastructure construction projects in difficult terrains. The company has emerged as a key player in infrastructure construction industry in the Union Territories of Jammu & Kashmir and Ladakh and has developed technical capabilities to execute projects in hilly/ challenging terrain in the region.

The company is an ISO 9001:2015 certified company and it also registered as class A contractor with Public Work (R&B) Department, Jammu & Kashmir. As a result of the growth of the company’s road and tunnel construction business as well as the recent government initiatives and support to develop the infrastructure of union territories of Jammu & Kashmir and Ladakh, it has further forayed into executing other infrastructure projects such as standalone bridges, larger slope stabilisation works and other miscellaneous civil construction activities in order to capitalise on such rising opportunities. Recently, the company has also been awarded with a contract for slope stabilization work in the state of Uttarakhand. 

As an EPC contractor, the scope of the company’s services includes detailed engineering of the project, procurement of construction materials, plant and machinery, construction and execution of the project and its operation and maintenance in accordance with the contractual provisions. Its manpower, resources and fleet of machinery and equipment, together with its engineering capabilities, enables it to execute a large number of projects simultaneously. Its resources, quality of work and project execution skills have enabled it to enhance its relationships with existing clients and helps it to further secure projects from new clients. It undertakes contracts independently or whenever required, through its project-specific joint ventures with other infrastructure and construction entities when a project requires it to meet specific eligibility requirements in relation to certain large projects, including requirements relating to particular types of experience. The company also undertakes sub-contracting assignments from third party major infrastructure and construction entities.

Business area of the company

The company is a construction and development company primarily engaged in the construction of roads (including bridges), tunnels, slope stabilization works, and other construction activities in the Union Territories of Jammu and Kashmir and Ladakh.

Major events and milestones:

  • September 2008: Incorporated as SRM Contractors Private Limited.
  • 2010-11: Awarded Road Project i.e. Improvement /upgradation of Mandi Phagla Buffiaz road from km 6th to km15th on Mandi side and km 6th to km 16th on Buffliaz and construction of road (new)from km 16th to 25th on Mandi side and km17th to km 37th on Buffliaz side by way of rathwork cutting, X-drainage works, protection works, pavement etc (under CRF) on sub-contract basis, having a contract value of Rs 3,241.14 Lakhs (as on date the Project is completed).
  • 2013-14: Successfully completed (through its the then JV) a Road Project i.e. Widening of Sakhi-Maidan-Kalai road in District Poonch, by ERA Jammu, having a contract value of Rs 773.88 lakh.
  • 2014-15: Successfully completed a Road Project i.e. Construction of balance work of approach road from Kanthan to Dugga village (length 28km) on the Katra-Dharam section of USBRL project, District Reasi in J&K, by KRCL, having a contract value of Rs 1,728 lakh.
  • 2014-15: The company established Loran Valley Power Project Private Limited, a Subsidiary of the company wherein the company held 51% of the shareholding.
  • 2015-16: Successfully completed a Road Project i.e. Providing and laying 25mm thick SBDC including 50mm thick Bituminous Macadam on Siot Kalakote road km 18th to 22nd by, PWD Jammu.
  • 2016-17: Successfully completed (through its then then JV) a Road Project i.e. Construction of balance work of approach road from Kanthan to Dugga village (length 28km) on the Katra-Dharam section of USBRL project, District Reasi in J&K, by KRCL having a contract value of Rs 2,650 lakh.
  • 2017-18: Successfully completed a Road project i.e. Construction of road from Sangrampur to Gajansoo km 5th to km 14th by way of providing /lying of RBM filling, shingle Gr-11, 75mm thick wet mix macadam with paver finish 150mm thick in two layers of 75mm each,50mm thick BM 25mm thick SDBC,12NOS 1M span RCC culvert, 16nos. 1.5m span RCC Culvert, 5no. 3m span RCC Culvert , 1nos 0.90m dia HP culvert , 13 nos. 0.60m dia HP culverts, 7nos. 0.45m dia HP Culvert, 3423 m pucca drain, 300m edge walls, 2nos vented causeways of 13.50m and 58m length each and 1no. PSC girder double lane bridge of 40m span along with approaches by PWD R&B Jammu having a contract value of Rs 2,469.60 lakh.
  • 2018-19: The company entered in Joint Bidding Agreement with M/s ECI Engineering & Construction Co. Ltd.
  • 2018-19: Successfully completed a Road Project i.e. restoration of road by way of clearance of consolidated slips, surface boulder, side drain, culverts including reconstruction of damaged edge walls and R/wall on batote Kishtwar (NH-244) from 80.0000km to123.600 km division Doda in the state of Jammu & Kashmir by NHIDCL, having a contract value of Rs 2,525.56 lakhs. 
  • 2018-19: The company entered in Joint Venture Memorandum of Understanding Agreement with M/s Sai Engineering Foundation.
  • 2019-20: The company entered in Joint Venture Memorandum of Understanding Agreement with M/s Kapahi Construction Co.
  • 2019-20: The company entered in Joint Venture Agreement with M/s Rajinder Infrastructure Private Limited.
  • 2019-20: The company changed its registered office from ‘1A, Hillview, Near Higher Secondary School, Bahu Fort, Jammu – 180006, Jammu and Kashmir, India’ to ‘Sector 3, Near BJP Head Office, Trikuta Nagar, Jammu – 180012, Jammu and Kashmir, India’.
  • 2019-20: The company entered in two Joint Venture Agreement with M/s Rajinder Infrastructure Private Limited.
  • 2020-21: Successfully completed Tunnel Project i.e. Construction of wider section of Tunnel for a length of 85m (approximate) from km 42/977.50 to 43/062.50 in Tunnel no. 5 (Portal-1) and ancillary work on the Katra-Dharam Section of the Udhampur-Srinagar-Baramulla New BG Railway Line Project, Jammu & Kashmir by KRCL, having a contract value of Rs 3,226.18 lakh.
  • 2021-22: The company entered in Joint Bidding Agreement with M/s Rajinder Infrastructure Private Limited.
  • 2021-22: Awarded a Tunnel Project i.e. Construction of Cut and Cover Tunnel Having 520 Mtrs Length Between Km 51+950 to Km 52+500 And 400 Mtrs Length between km 52+550 To Km 52+950 including Minor Bridge on D-S-DBO Road Under Project Himank in Ladakh (Union Territory) On EPC Mode (Net Tunnel Length 920 Mtrs) by BRO, having a contract value of Rs 9,873.40.
  • 2022-23: Successfully completed a Tunnel Project i.e. construction of Tunnel T-15, Part Tunnel T-14 including Bridge No. 61 (between km 73.785 to 86.848 km approx) on Katra-Banihal section of Udhampur-Srinagar-Baramulla New BG Railway Line Project (Package T-15) having a contract value of Rs 16,876 lakh.
  • 2022-23: Successfully completed a Rood Project i.e. Rehabilitation and up-gradation to 2 lane with paved shoulder from design km 74.350 to km 90.150 (package IV) under 13 TF on Akhnoor - Poonch road (NH- 144A) in the state of Jammu & Kashmir under BRO on EPC mode having a contract value of Rs 6,432.01 lakh.
  • 2022-23: The company acquired 99% stake in SP Mangal Murti Enterprises Private Limited.
  • 2023-24: Awarded a Landslide treatment work on NH 58 from Kodiyala (km 266.130) to Devprayag (km 296.925) at 10 location under EPC Mode (as per DPR submitted by THDC) under annual plan 2022-23 in the state of Uttarakhand having a contract value of Rs 8198.92 lakh.


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