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 ₹ 110 Cr.
- Current Price ₹ 140
- High / Low ₹ 169 / 99.0
- Stock P/E 13.4
- Book Value ₹ 52.3
- Dividend Yield 0.00 %
- ROCE 28.6 %
- ROE 28.8 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 40.3%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has high debtors of 155 days.
- Working capital days have increased from 45.9 days to 88.5 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 | Mar 2026 | |
|---|---|---|---|---|---|
| 4.31 | 26.35 | 35.27 | 89.68 | 90.21 | |
| 4.12 | 24.23 | 29.69 | 76.45 | 75.24 | |
| Operating Profit | 0.19 | 2.12 | 5.58 | 13.23 | 14.97 |
| OPM % | 4.41% | 8.05% | 15.82% | 14.75% | 16.59% |
| 0.00 | 0.00 | 0.02 | 0.04 | 0.09 | |
| Interest | 0.00 | 0.00 | 0.27 | 1.77 | 1.77 |
| Depreciation | 0.02 | 0.13 | 0.57 | 2.70 | 2.27 |
| Profit before tax | 0.17 | 1.99 | 4.76 | 8.80 | 11.02 |
| Tax % | 23.53% | 25.63% | 25.63% | 25.23% | 25.50% |
| 0.13 | 1.49 | 3.55 | 6.59 | 8.21 | |
| EPS in Rs | 43.33 | 158.85 | 8.57 | 15.11 | 10.44 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 51% |
| TTM: | 1% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 77% |
| TTM: | 25% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 42% |
| 3 Years: | 40% |
| Last Year: | 29% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 0.03 | 0.09 | 4.14 | 4.36 | 7.86 |
| Reserves | 0.12 | 2.57 | 3.57 | 11.55 | 33.24 |
| 0.32 | 0.00 | 1.88 | 17.25 | 15.27 | |
| 3.28 | 3.83 | 11.23 | 22.60 | 24.01 | |
| Total Liabilities | 3.75 | 6.49 | 20.82 | 55.76 | 80.38 |
| 0.46 | 0.73 | 2.92 | 11.84 | 11.10 | |
| 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 | 69.28 | |
| Total Assets | 3.75 | 6.49 | 20.82 | 55.76 | 80.38 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| 0.26 | -0.34 | 2.76 | -13.79 | -5.09 | |
| -0.48 | -0.41 | -5.89 | -1.73 | -1.75 | |
| 0.32 | 0.70 | 3.14 | 15.60 | 13.51 | |
| Net Cash Flow | 0.10 | -0.05 | 0.01 | 0.08 | 6.66 |
| Free Cash Flow | -0.22 | -0.75 | 0.00 | -14.35 | -6.75 |
| CFO/OP | 158% | 8% | 62% | -89% | -23% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Debtor Days | 178.69 | 29.09 | 67.68 | 122.18 | 155.41 |
| Inventory Days | 96.05 | 39.08 | 126.77 | 83.43 | 84.73 |
| Days Payable | 633.95 | 100.55 | 212.03 | 169.54 | 90.29 |
| Cash Conversion Cycle | -359.21 | -32.38 | -17.58 | 36.07 | 149.85 |
| Working Capital Days | -9.32 | 25.63 | 23.80 | 25.32 | 88.53 |
| ROCE % | 127.16% | 82.12% | 49.45% | 28.57% |
Documents
Announcements
-
Press Release
2 June 2026 - SPCON reports FY26 PAT ₹658.84 lakh; wins ₹4.19 crore road L1 and ₹8.22 crore NTPC order.
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Integrated Filing- Financial
30 May 2026 - Audited standalone and consolidated FY26 results filed on May 30, 2026; IPO proceeds largely utilised.
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Change in Auditors
30 May 2026 - Board appointed internal auditor A Mukesh & Associates and secretarial auditor Sugandha Garg & Associates on 30 May 2026.
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Outcome of Board Meeting
30 May 2026 - Board approved audited FY26 standalone/consolidated results on May 30, 2026; standalone revenue ₹6,042.52 lakh, profit ₹566.19 lakh.
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Disclosure under SEBI Takeover Regulations
19 May 2026 - Srinibas Pradhan has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
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.