SRM Contractors Ltd
Incorporated in 2008, SRM Contractors Ltd
is engaged in construction of roads including bridges, tunnel works, and slope stabilisation works[1]
- Market Cap ₹ 798 Cr.
- Current Price ₹ 348
- High / Low ₹ 360 / 143
- Stock P/E 30.6
- Book Value ₹ 103
- Dividend Yield 0.00 %
- ROCE 28.1 %
- ROE 28.0 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company has a good return on equity (ROE) track record: 3 Years ROE 34.0%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
* 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
Sector: Infrastructure Developers & Operators Industry: Construction
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
|---|---|---|---|---|---|
| 160 | 264 | 300 | 342 | 345 | |
| 144 | 233 | 262 | 301 | 299 | |
| Operating Profit | 17 | 30 | 38 | 42 | 46 |
| OPM % | 10% | 11% | 13% | 12% | 13% |
| 2 | 2 | 0 | 8 | 5 | |
| Interest | 2 | 3 | 6 | 6 | 8 |
| Depreciation | 5 | 6 | 8 | 9 | 10 |
| Profit before tax | 11 | 23 | 25 | 35 | 34 |
| Tax % | 24% | 25% | 25% | 22% | |
| 8 | 18 | 19 | 27 | 26 | |
| EPS in Rs | 543.36 | 1,154.40 | 11.20 | 16.11 | 13.12 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 29% |
| TTM: | 14% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 48% |
| TTM: | 45% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 34% |
| Last Year: | 28% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
|---|---|---|---|---|---|
| Equity Capital | 2 | 2 | 17 | 17 | 23 |
| Reserves | 25 | 43 | 47 | 113 | 213 |
| 32 | 32 | 47 | 48 | 37 | |
| 54 | 44 | 26 | 58 | 72 | |
| Total Liabilities | 112 | 120 | 136 | 235 | 344 |
| 32 | 31 | 41 | 46 | 59 | |
| CWIP | 0 | 0 | 0 | 0 | 0 |
| Investments | 4 | 2 | 7 | 8 | 13 |
| 76 | 87 | 88 | 181 | 272 | |
| Total Assets | 112 | 120 | 136 | 235 | 344 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| 14 | 10 | 21 | 14 | |
| -13 | -6 | -23 | -14 | |
| 5 | -3 | 5 | 39 | |
| Net Cash Flow | 5 | 1 | 4 | 40 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|
| Debtor Days | 51 | 22 | 19 | 33 |
| Inventory Days | 15 | 17 | 17 | 39 |
| Days Payable | 139 | 54 | 19 | 46 |
| Cash Conversion Cycle | -72 | -14 | 17 | 27 |
| Working Capital Days | 16 | 37 | 52 | 69 |
| ROCE % | 38% | 33% | 28% |
Documents
Announcements
- Board Meeting Intimation for Prior Intimation Under Regulation 29 Of SEBI (LODR) Regulations, 2015 - Proposal For Acquisition Of SRM Serves Foundation(Section 8 Company) 1m
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
4 Dec - Schedule for Analysts/Institutional Investors Meeting on Dec 9, 2024.
- Announcement under Regulation 30 (LODR)-Investor Presentation 29 Nov
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
22 Nov - Of schedule in relation to Analysts/ Institutional Investors Meetings
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
15 Nov - Of Newspaper publication for unaudited Standalone and Consolidated Financial Results for the quarter and half yearly ended on 30th September, 2024
Annual reports
Concalls
-
Nov 2024TranscriptNotesPPT
Busienss Overview:[1]
a) Company is an engineering construction and development company engaged primarily in
the construction of roads (including bridges), tunnels, slope stabilization works and other miscellaneous civil construction activities in Jammu & Kashmir and Ladakh.
b) It is an ISO 9001:2015 certified company and are also registered as class A contractor with Public Work (R&B) Department, Jammu
& Kashmir.
c) Company is pre-qualified to bid independently on projects, tendered by departments of governmental authorities and
other entities funded by the GoI, of contract value up to Rs. 30,000 lakhs and Rs. 50,000 lakhs for EPC contracts pertaining to the
construction of roads (including bridges) and for construction of tunnel respectively
d) It undertakes construction works both as EPC contractor and on an item rate basis for infrastructure projects.
e) It undertakes contracts independently
or whenever required, through project- specific joint ventures with other infrastructure and construction entities.
f) Company also undertakes sub-contracting assignments of infrastructure projects from other major infrastructure and construction entities like HCC, Gammon, Patel Engg Ltd etc.