| Market Cap | ₹800.18 CrConstruction Sector |
|---|---|
| P/E Ratio | 6.78xSector 31.15x |
| Promoter Holding | 72.59%Zero Pledge |
| Order from | MORTH (Ministry of Road, Transport and Highways) |
| Execution period | 18 months |
| Deal value | ₹138.37 Cr |
| Share of market cap | 17.3% |
| Share of annual revenue | 12.8% |
Key highlights
- Contract valued at ₹138.37 crore, representing 17.3% of the company's market capitalization
- Scope covers treatment of four landslide locations on the Pithoragarh-Tawaghat road stretch
- Project awarded on an Engineering, Procurement, and Construction (EPC) basis
- Execution timeline is set for 18 months from the designated appointed date
- Adds to an existing order book that stood at ₹2,190.20 crore as of June 30, 2026
Strategic Infrastructure Work in Uttarakhand
The contract awarded by MORTH focuses on landslide remedial measures at four specific locations on NH-09, formerly known as NH-125. The work includes chainages near the NHPC Power Plant on the Pithoragarh-Tawaghat road and the Tintola area within the Tawaghat-Ghatiabagarh section. Execution is mandated on an EPC mode, requiring the company to manage design, procurement, and construction.
This order follows the company's specialized expertise in mountainous terrain, where it already manages similar remedial works, including a ₹128 crore landslide project at Thalout on NH-03 awarded earlier in 2026.
Operational Scale and Recent Project Inflows
- The ₹138.37 crore win represents a significant portion of the ₹196.26 crore revenue reported in the June 2026 quarter
- SRM secured a major ₹483 crore EPC contract from MSIDC for the Nashik Ring Road in April 2026
- A ₹155.02 crore road improvement project in Palghar district was bagged in October 2025
- Management has guided for a FY27 revenue target ranging between ₹1,400 crore and ₹1,750 crore
- The current order book is bolstered by a bidding pipeline of approximately ₹5,200 crore in tenders under evaluation
Financial Performance and Market Position
SRM Contractors has demonstrated robust growth with annual net profit increasing by 101.85% YoY to ₹111.02 crore. Despite a recent 35.22% decline in share price over the past year, the company maintains a strong balance sheet with a Piotroski Score of 4 and an annual Return on Equity of 29.91%. The stock is currently trading at a TTM P/E of 6.78x, which is a significant variance from the industry average of 28.9x.
The promoter group maintains a high stake of 72.59% with no pledged shares, providing a stable ownership structure as the company scales its operations.
| Date | Announcement | Amount |
|---|---|---|
| 15 Apr 2026 | Infrastructure contracts comprising NHAI landslide remedial works at Thalout on NH-03 (Rs 128 cr) and Maharashtra PWD road works on NH-353K (Rs 40 cr)Source: constructionworld.in | ₹168.00 Cr |
| 04 Apr 2026 | EPC contract from MSIDC for Package-6 (14.02 km stretch) of the Nashik Ring Road southern corridorSource: NSE filing | ₹483.00 Cr |
| 30 Oct 2025 | EPC contract from MSIDC for improvement of Borande–Uprale–Kasa–Saiwan–Udhava–Talasari–Sanjan Road (SH-73) in Palghar districtSource: BSE filing | ₹155.02 Cr |
| 20 Aug 2025 | New civil and infrastructure construction contractsSource: shreni.in | ₹174.00 Cr |
| 21 Dec 2024 | Letter of Acceptance from NHAI for blackspot rectification works on NH-151 Jetpur–Somnath section in GujaratSource: business-standard.com | ₹105.96 Cr |
What to watch next
- Board meeting scheduled for 03 November 2026 to approve Q2 FY27 unaudited financial results
- Commencement of the 18-month execution clock following the declaration of the 'appointed date' for the MORTH project
- Updates on the bidding pipeline of ₹5,200 crore currently under active evaluation
- Progress report on the ₹483 crore Nashik Ring Road southern corridor project
| Share price | ₹348.75 |
|---|---|
| Market capitalisation | ₹800.18 Cr |
| Revenue (annual) | ₹1,025.57 Cr |
| Net profit (annual) | ₹111.02 Cr |
| Revenue (latest quarter) | ₹196.26 Cr-55.97% vs previous quarter |
| Net profit (latest quarter) | ₹19.71 Cr-63.57% vs previous quarter |
| P/E (TTM) | 6.78×Sector 31.15× |
| Promoter holding | 72.59%0.00% QoQ |
| FII holding | 0.06%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by SRM Contractors Limited announcing the bagging of a contract worth ₹138.37 Crores from MORTH. Market figures from a third-party data provider.
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