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.
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% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Bid-to-Win Ratio ratio ・Standalone data |
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| Industrial Building & Others Revenue Mix % of Revenue from Operations |
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| Road & Bridges Revenue Mix % of Revenue from Operations |
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| Top 1 Customer Revenue Concentration % of Revenue from Operations |
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| Top 5 Customers Revenue Concentration % of Revenue from Operations |
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Extracted by Screener AI
Documents
Announcements
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Clarification - Financial Results
27 June 2026 - Exchange has sought clarification from Srinibas Pradhan Constructions Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. …
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Structural Digital Database
25 June 2026 - Submitted SDD compliance certificate for April 1-June 25, 2026; no non-compliance observed.
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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.
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.