SRM Contractors builds roads, bridges, tunnels, and slope-stabilization infrastructure in challenging terrains like the Himalayas and border regions. Key segments include roads (55% of FY27 revenue guidance), slope stabilization (35%), and tunnels (10%), augmented by its 51% stake in Maccaferri (MIPL), which adds ₹400-500 cr annual revenue. Growth hinges on converting its ₹3,000 cr order book by June 2026, expanding into GCC/Africa via its Abu Dhabi branch, and executing ₹1,500+ cr consolidated revenue in FY27 (up from ₹1,100 cr in FY26). Margins are guided at 19% EBITDA and 10-11% PAT, supported by high-margin slope projects and working-capital efficiency. The critical execution risk is converting its ₹4,000 cr bid pipeline and international expansion into revenue, as prior order-book targets were delayed, and HAM project wins remain unmaterialized.
companyname: SRM Contractors Limited ticker: SRM sector: Engineering and Construction SRM Contractors Limited is an engineering and construction company founded in 2008. It builds roads, bridges, tunnels, and slope stabilization structures. What distinguishes it from hundreds of other road contractors is where it builds and what it builds. SRM executes projects in some of India's most difficult terrains: high-altitude Ladakh (up to 16,200 feet), landslide-prone Jammu and Kashmir, and remote par...
Read the full report →capex, margin expansion, geographic expansion, order book surge
FY27 revenue growth guided at 45-55% with EBITDA margin of 16-18% and PAT margin of 11%; driven by strong order pipeline and execution momentum
Guidance downgradedmixed
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