SRM

SRM Contractors Limited

Civil construction and EPC contractor for infrastructure and buildings

Industrials›Construction›Construction›Civil Construction

srmcpl.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹391.25
Market cap
898 Cr
Stock P/E
7.6
P/B
2.42
ROE (FY26)
26.9%
ROCE (FY26)
29.4%
Operating margin (FY26)
14.8%
Debt / equity (FY26)
0.36
OCF / EBITDA (FY26)
54.8%
OCF / EBITDA (3Y)
36.9%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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What you need to know

SRM (SRM Contractors) builds roads, bridges, tunnels and slope-stabilisation works in hilly, high-altitude and remote terrain for government clients, with its roots in Jammu and Kashmir and Ladakh.

Company snapshot

49thBy market cap

Ranked among 90 companies in Civil Construction.

What we see

Positives
  • ✓Interest coverage of 16.0x — earnings comfortably cover interest obligations.
Concerns
  • ✗Only 37% of operating profit came in as cash over the last three years — much of it is tied up in unpaid bills or stock.
1 more signal from the filings.Sign in free to see them all

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricMar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales108 Cr55 Cr95 Cr150 Cr228 Cr142 Cr206 Cr231 Cr446 Cr196 Cr
Operating expenses (approx.)95 Cr45 Cr80 Cr128 Cr194 Cr122 Cr177 Cr187 Cr371 Cr158 Cr
EBITDA13 Cr10 Cr15 Cr22 Cr34 Cr20 Cr29 Cr44 Cr74 Cr38 Cr
OPM %11.8%17.9%15.9%14.9%14.9%14.3%14.2%19.1%16.7%19.5%
Other income-0.13 Cr1 Cr3 Cr3 Cr7 Cr2 Cr1 Cr0.48 Cr5 Cr0.92 Cr
Interest3 Cr2 Cr2 Cr2 Cr2 Cr1 Cr2 Cr2 Cr4 Cr5 Cr
Depreciation3 Cr2 Cr3 Cr3 Cr5 Cr2 Cr3 Cr5 Cr6 Cr10 Cr
Profit before tax7 Cr6 Cr14 Cr21 Cr33 Cr18 Cr26 Cr37 Cr70 Cr24 Cr
Tax %12.7%23.8%24.8%24.8%27.1%30.0%21.9%35.3%22.5%18.8%
Net profit6 Cr5 Cr10 Cr16 Cr24 Cr13 Cr20 Cr24 Cr54 Cr20 Cr
EPS (₹)₹3.68₹2.08₹4.51₹6.97₹10.49₹5.56₹8.75₹10.50₹23.58₹8.59

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales160 Cr264 Cr300 Cr342 Cr528 Cr1,026 CrSign in free for the trailing twelve months
Operating expenses (approx.)144 Cr233 Cr262 Cr301 Cr447 Cr857 CrSign in free for the trailing twelve months
EBITDA16 Cr30 Cr38 Cr42 Cr81 Cr168 CrSign in free for the trailing twelve months
OPM %10.3%11.4%12.8%12.2%15.4%16.4%Sign in free for the trailing twelve months
Other income2 Cr2 Cr0.36 Cr8 Cr14 Cr9 CrSign in free for the trailing twelve months
Interest2 Cr3 Cr6 Cr6 Cr7 Cr9 CrSign in free for the trailing twelve months
Depreciation5 Cr6 Cr8 Cr9 Cr14 Cr17 CrSign in free for the trailing twelve months
Profit before tax11 Cr23 Cr25 Cr35 Cr74 Cr151 CrSign in free for the trailing twelve months
Tax %23.6%24.6%25.2%22.1%26.0%26.5%Sign in free for the trailing twelve months
Net profit8 Cr18 Cr19 Cr27 Cr55 Cr111 CrSign in free for the trailing twelve months
EPS (₹)———₹16.10₹23.97₹48.39Sign in free for the trailing twelve months
Dividend payout %———0.0%0.0%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital2 Cr2 Cr17 Cr17 Cr23 Cr23 Cr
Reserves25 Cr43 Cr46 Cr113 Cr253 Cr348 Cr
Borrowings32 Cr32 Cr47 Cr48 Cr41 Cr133 Cr
Other liabilities54 Cr44 Cr27 Cr58 Cr91 Cr448 Cr
Total liabilities112 Cr120 Cr137 Cr235 Cr408 Cr995 Cr
Fixed assets (net)30 Cr29 Cr39 Cr40 Cr73 Cr216 Cr
CWIP———0 Cr0 Cr0.10 Cr
Investments4 Cr2 Cr7 Cr14 Cr26 Cr33 Cr
Loans & advances———3 Cr91 Cr0 Cr
Inventories5 Cr8 Cr10 Cr27 Cr85 Cr54 Cr
Trade receivables23 Cr16 Cr15 Cr31 Cr39 Cr92 Cr
Cash & bank16 Cr17 Cr21 Cr0.81 Cr93 Cr69 Cr
Other assets35 Cr47 Cr45 Cr118 Cr0.14 Cr531 Cr
Total assets112 Cr120 Cr137 Cr235 Cr408 Cr995 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity14 Cr10 Cr13 Cr14 Cr1 Cr92 Cr
Cash from investing-13 Cr-6 Cr-19 Cr-14 Cr-47 Cr-182 Cr
Cash from financing5 Cr-3 Cr10 Cr39 Cr80 Cr130 Cr
Net cash flow5 Cr0.81 Cr4 Cr40 Cr34 Cr40 Cr
Free cash flow (OCF − Capex)3 Cr4 Cr-5 Cr5 Cr-45 Cr-91 Cr

Ratios

MetricMar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %22.4%34.0%28.0%22.8%25.9%29.4%
ROE %30.8%39.6%29.7%20.8%20.0%26.9%
Debtor days512219332733
Inventory days151717398131
Days payable13853194665197
Cash conversion cycle-72-14172743-133
OCF / EBITDA %86.3%32.3%34.1%34.3%1.3%54.8%
OCF / EBITDA % (3 years)——43.6%33.7%17.6%36.9%
Debt / equity1.190.710.750.370.150.36
Current ratio1.231.562.052.382.791.59
Net debt / EBITDA0.980.490.691.12-0.640.39