SRM Contractors Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹963 Cr
- P/E
- 8.17
- ROE
- 34.27%
- PEG
- 0.10
- Price to sales
- 0.88
- Debt to equity
- 0.36
- 52W high / low
- ₹634 / ₹349
- Sales growth (5Y)
- 44.99%
- EBITDA margin
- 17.24%
- Net profit margin
- 10.80%
- Promoter holding
- 72.59%
- Sales (last year)
- ₹1,079 Cr
Incorporated in 2008, SRM Contractors Ltd is engaged in construction of roads including bridges, tunnel works, and slope stabilisation works[1]
Guidance scorecard · Q1 FY27 call
What SRM Contractors Ltd's management guided
and where it ranks in Construction
Construction
RevenueQ4 FY26 call
40%+- The company expects strong revenue growth, targeting approximately 45% to 55% growth for FY 2027.
- Projected consolidated revenue for FY 2027 is between INR 1,500 crores to INR 1,750 crores.
- The order inflow targeted for FY 2027 is around INR 2,000 crores.
- Current bid pipeline is robust at approximately INR 6,000 crores, providing strong visibility for future growth.
- By the end of FY 2027, the order book is expected to be around INR 6,000 crores.
- Over the next 2-3 years, the company aims to reach a top line of INR 3,000 crores.
2 more points from SRM Contractors Ltd's call on revenue
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MarginsQ4 FY26 call
FlatSee what SRM Contractors Ltd said on margins — free account, 30 seconds.
CapexQ4 FY26 call
Planned- SRM Contractors Limited is planning a capex of around INR 250 crores.
- The capex will be primarily for the purchase of machinery and equipment.
- Equipment-related capex is financed mostly through debt on a project-to-project basis.
- The company is open to various financing options but currently prefers managing capex through internal accruals and equipment debt.
- No firm plans for equity fundraising (QIP) in the near term, though options remain open for the future.
2 more points from SRM Contractors Ltd's call on capex
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FundraisingQ4 FY26 call
PlannedSee what SRM Contractors Ltd said on fundraising — free account, 30 seconds.
Order bookQ4 FY26 call
Rising- As of May 27, 2026, SRM Contractors has an unexecuted order book of approximately INR 3,000 crores.
- The order book includes INR 2,112 crores from SRM standalone and more than INR 850 crores from MIPL (subsidiary).
- Bids submitted and awaiting results amount to around INR 1,600 crores.
- Additional tenders being worked on total nearly INR 6,000 crores, with submissions pending.
- Order book guidance for end of FY 2027 is expected to be around INR 6,000 crores, factoring in execution and new orders.
- Revenue guidance for FY 2027 is INR 1,500 to INR 1,800 crores.
2 more points from SRM Contractors Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Construction
on management's own guidance
- Strong growth2
- Strong growth1
- 3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Construction companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Flat | ₹6,531 Cr | 11.7 | |
| 2 | 40%+ | Flat | ₹1,089 Cr | 9.3 | |
| 3 | SRM ContractorsThis stock | 40%+ | Flat | ₹898 Cr | 7.6 |
| 4 | 40%+ | Flat | ₹807 Cr | 14.7 | |
| 5 | 40%+ | Flat | ₹554 Cr | 13.1 | |
| 6 | 40%+ | Flat | ₹516 Cr | 30.7 |
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Pro shows every company guiding 40%+ revenue growth →Full Construction rankingSRM Contractors Ltd announcements
All announcements →- Board / shareholder meeting outcomeNotableSRM Contractors Limited announces results of 18th AGM held on 30th Sept 2026
Financials of SRM Contractors Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of SRM Contractors Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 103 | 40 | 108 | 87 | 108 | 55 | 95 | 150 | 228 | 142 | 206 | 231 | 446 |
| Expenses + | 89 | 33 | 93 | 80 | 95 | 45 | 80 | 128 | 194 | 122 | 177 | 187 | 371 |
| Operating Profit | 14 | 7 | 14 | 7 | 13 | 10 | 15 | 22 | 34 | 20 | 29 | 44 | 74 |
| OPM % | 13% | 17% | 13% | 8% | 12% | 18% | 16% | 15% | 15% | 14% | 14% | 19% | 17% |
| Other Income + | 0 | -0 | 6 | 2 | -0 | 1 | 3 | 3 | 7 | 2 | 1 | 0 | 5 |
| Interest | 2 | 0 | 2 | 1 | 3 | 2 | 2 | 2 | 2 | 1 | 2 | 2 | 4 |
| Depreciation | 2 | 2 | 2 | 2 | 3 | 2 | 3 | 3 | 6 | 2 | 3 | 5 | 6 |
| Profit before tax | 10 | 4 | 17 | 5 | 7 | 6 | 14 | 21 | 33 | 18 | 26 | 37 | 70 |
| Tax % | 27% | 24% | 24% | 25% | 13% | 24% | 25% | 25% | 27% | 30% | 22% | 35% | 22% |
| Net Profit + | 7 | 3 | 13 | 4 | 6 | 5 | 10 | 16 | 24 | 13 | 20 | 24 | 54 |
| EPS in Rs | 4.17 | 1.99 | 7.69 | 2.33 | 3.68 | 2.08 | 4.51 | 6.97 | 10.50 | 5.56 | 8.75 | 10.50 | 23.58 |
Financials of SRM Contractors Ltd
Profit & Loss
Annual income statement trend
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Sales + | 160 | 264 | 300 | 342 | 528 | 1,026 |
| Expenses + | 144 | 233 | 262 | 301 | 447 | 857 |
| Operating Profit | 17 | 30 | 38 | 42 | 82 | 168 |
| OPM % | 10% | 11% | 13% | 12% | 15% | 16% |
| Other Income + | 2 | 2 | 0 | 8 | 14 | 9 |
| Interest | 2 | 3 | 6 | 6 | 8 | 9 |
| Depreciation | 5 | 6 | 8 | 9 | 14 | 17 |
| Profit before tax | 11 | 23 | 25 | 35 | 74 | 151 |
| Tax % | 24% | 25% | 25% | 22% | 26% | 26% |
| Net Profit + | 8 | 18 | 19 | 27 | 55 | 111 |
| EPS in Rs | 543.36 | 1,154.40 | 11.20 | 16.11 | 23.97 | 48.39 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of SRM Contractors Ltd
Balance Sheet
Capital structure and asset base
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 17 | 17 | 23 | 23 |
| Reserves | 25 | 43 | 47 | 113 | 253 | 348 |
| Borrowings + | 32 | 32 | 47 | 48 | 41 | 135 |
| Other Liabilities + | 54 | 44 | 26 | 58 | 91 | 489 |
| Total Liabilities | 112 | 120 | 136 | 235 | 408 | 995 |
| Fixed Assets + | 32 | 31 | 41 | 46 | 80 | 252 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 4 | 2 | 7 | 8 | 19 | 20 |
| Other Assets + | 76 | 87 | 88 | 181 | 309 | 722 |
| Total Assets | 112 | 120 | 136 | 235 | 408 | 995 |
Financials of SRM Contractors Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 14 | 10 | 21 | 14 | 1 | 92 |
| Cash from Investing Activity + | -13 | -6 | -23 | -14 | -46 | -182 |
| Cash from Financing Activity + | 5 | -3 | 5 | 39 | 79 | 130 |
| Net Cash Flow | 5 | 1 | 4 | 40 | 34 | 40 |
| Free Cash Flow | 3 | 4 | 3 | 5 | -45 | -91 |
| CFO/OP | 101% | 49% | 56% | 52% | 25% | 62% |
Financials of SRM Contractors Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 51 | 22 | 19 | 33 | 27 | 33 |
| Inventory Days | 15 | 17 | 17 | 39 | 82 | 31 |
| Days Payable | 139 | 54 | 19 | 46 | 66 | 197 |
| Cash Conversion Cycle | -72 | -14 | 17 | 27 | 43 | -133 |
| Working Capital Days | -12 | 18 | 26 | 45 | 68 | 29 |
| ROCE % | 38% | 33% | 28% | 33% | 37% |
Guidance history
How SRM Contractors Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q4 FY26 call → | 40%+ | Flat | Planned | Planned | Rising |
| Q3 FY26 call → | 40%+ | Flat | Planned | Planned | Rising |
| Q2 FY26 call → | 20–40% | Flat | Planned | Planned | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
13 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −25.9% | 29% |
| Last 6 months | −17.0% | 24% |
| Last 3 months | −15.6% | 27% |
The price is 33.7% below its all-time high of ₹634.1 (14 Nov 2025). Stocks more than 20% below their peak have their score halved, so 27 became 13.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For SRM Contractors Ltd: 0.4 × 29 + 0.4 × 24 + 0.2 × 27 = 27, halved to 13 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What SRM Contractors Ltd's management said in earlier quarters
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