Srinibas Pradhan Constructions Ltd
Incorporated in 2020, Srinibas Pradhan Constructions Limited (SPCL) operates in the infrastructure and utilities sector, specializing in the execution of public infrastructure projects.[1]
- Market Cap ₹ 98.3 Cr.
- Current Price ₹ 125
- High / Low ₹ 144 / 99.0
- Stock P/E 14.9
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 49.4 %
- ROE 55.8 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 63.2%
Cons
- Debtor days have increased from 73.0 to 122 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Half Yearly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 4.31 | 26.35 | 35.27 | 89.68 | |
| 4.12 | 24.23 | 29.69 | 76.45 | |
| Operating Profit | 0.19 | 2.12 | 5.58 | 13.23 |
| OPM % | 4.41% | 8.05% | 15.82% | 14.75% |
| 0.00 | 0.00 | 0.02 | 0.04 | |
| Interest | 0.00 | 0.00 | 0.27 | 1.77 |
| Depreciation | 0.02 | 0.13 | 0.57 | 2.70 |
| Profit before tax | 0.17 | 1.99 | 4.76 | 8.80 |
| Tax % | 23.53% | 25.63% | 25.63% | 25.23% |
| 0.13 | 1.49 | 3.55 | 6.59 | |
| EPS in Rs | 43.33 | 158.85 | 8.57 | 15.11 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 175% |
| TTM: | 154% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 270% |
| TTM: | 86% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 63% |
| Last Year: | 56% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 0.03 | 0.09 | 4.14 | 4.36 | 6.15 |
| Reserves | 0.12 | 2.57 | 3.57 | 11.55 | 15.87 |
| 0.32 | 0.00 | 1.88 | 17.25 | 17.17 | |
| 3.28 | 3.83 | 11.23 | 22.60 | 17.48 | |
| Total Liabilities | 3.75 | 6.49 | 20.82 | 55.76 | 56.67 |
| 0.46 | 0.73 | 2.92 | 11.84 | 10.81 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 1.76 | 0.00 | 0.00 |
| 3.29 | 5.76 | 16.14 | 43.92 | 45.86 | |
| Total Assets | 3.75 | 6.49 | 20.82 | 55.76 | 56.67 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 0.26 | -0.34 | 2.76 | -13.79 | |
| -0.48 | -0.41 | -5.89 | -1.73 | |
| 0.32 | 0.70 | 3.14 | 15.60 | |
| Net Cash Flow | 0.10 | -0.05 | 0.01 | 0.08 |
| Free Cash Flow | -0.22 | -0.75 | 0.00 | -14.35 |
| CFO/OP | 158% | 8% | 62% | -89% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 178.69 | 29.09 | 67.68 | 122.18 |
| Inventory Days | 96.05 | 39.08 | 126.77 | 83.43 |
| Days Payable | 633.95 | 100.55 | 212.03 | 169.54 |
| Cash Conversion Cycle | -359.21 | -32.38 | -17.58 | 36.07 |
| Working Capital Days | -9.32 | 25.63 | 23.80 | 25.32 |
| ROCE % | 127.16% | 82.12% | 49.45% |
Documents
Announcements
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
14 April 2026 - Submitted Regulation 74(5) certificate for quarter ended March 31, 2026.
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Structural Digital Database
14 April 2026 - Quarterly PIT compliance certificate confirms SDD maintained; no non-compliance for March 31, 2026 quarter.
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Granting/withdrawal/surrender/cancellation/suspension of key licenses/ regulatory approvals
9 April 2026 - Received A Class PWD contractor registration on April 8, 2026, valid until March 31, 2028.
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Granting/withdrawal/surrender/cancellation/suspension of key licenses/ regulatory approvals
31 March 2026 - Wholly-owned subsidiary received Special Class Odisha PWD registration on Mar 30, 2026; valid until Mar 31, 2028.
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Trading Window
31 March 2026 - Trading window closed Apr 1 until 48 hours after audited results for half-year and FY ended Mar 31, 2026.
Business Profile[1]
SPCL participates in competitive bidding processes for infrastructure projects across the state of Odisha, catering to state government departments, central and state public sector undertakings, as well as private corporate clients and holds Class B & Class A PWD Contractor Registration.