Valuation Update With 7 Day Price Move • Apr 13
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹500, the stock trades at a trailing P/E ratio of 14.2x. Average trailing P/E is 15x in the Construction industry in India. Total returns to shareholders of 55% over the past year. Buy Or Sell Opportunity • Feb 17
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 33% to ₹419. The fair value is estimated to be ₹525, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 39% over the last 3 years. Earnings per share has grown by 37%. Reported Earnings • Feb 15
Third quarter 2026 earnings released: EPS: ₹10.50 (vs ₹6.97 in 3Q 2025) Third quarter 2026 results: EPS: ₹10.50 (up from ₹6.97 in 3Q 2025). Revenue: ₹2.32b (up 54% from 3Q 2025). Net income: ₹241.0m (up 51% from 3Q 2025). Profit margin: 10% (in line with 3Q 2025). Announcement • Feb 09
SRM Contractors Limited to Report Q3, 2026 Results on Feb 13, 2026 SRM Contractors Limited announced that they will report Q3, 2026 results at 4:00 PM, Indian Standard Time on Feb 13, 2026 New Risk • Feb 06
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹9.04b (US$99.7m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company. New Risk • Dec 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹473, the stock trades at a trailing P/E ratio of 14.9x. Average trailing P/E is 18x in the Construction industry in India. Total returns to shareholders of 46% over the past year. Reported Earnings • Nov 15
Second quarter 2026 earnings released Second quarter 2026 results: EPS: ₹8.75. Revenue: ₹2.08b (up 118% from 2Q 2025). Net income: ₹200.8m (up 94% from 2Q 2025). Profit margin: 9.7% (down from 11% in 2Q 2025). The decrease in margin was driven by higher expenses. Announcement • Nov 09
SRM Contractors Limited to Report Q2, 2026 Results on Nov 13, 2025 SRM Contractors Limited announced that they will report Q2, 2026 results on Nov 13, 2025 Board Change • Oct 02
High number of new directors Independent Director Inder Kumar was the last director to join the board, commencing their role in 2025. Announcement • Oct 01
SRM Contractors Limited Announces Executive Changes SRM Contractors Limited at its AGM held on September 29, 2025, approved appointments of Mr. Ankur Verma as the director and Mr. Inder Jeet Kumar as the independent director. The company also approved the change in designation of Mr. Sanjay Mehta from managing director to non- executive director and approved the change in designation of Mr. Puneet Pal Singh from whole time director to managing director. The company approved appointment of Mr. Sanjay Mehta (DIN:02274498) as group chairman of the company and its group companies. Valuation Update With 7 Day Price Move • Sep 22
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹559, the stock trades at a trailing P/E ratio of 20.4x. Average trailing P/E is 21x in the Construction industry in India. Total returns to shareholders of 95% over the past year. Announcement • Sep 04
SRM Contractors Limited, Annual General Meeting, Sep 29, 2025 SRM Contractors Limited, Annual General Meeting, Sep 29, 2025, at 13:00 Indian Standard Time. Reported Earnings • Aug 16
First quarter 2026 earnings released First quarter 2026 results: EPS: ₹5.56. Revenue: ₹1.42b (up 160% from 1Q 2025). Net income: ₹127.5m (up 167% from 1Q 2025). Profit margin: 9.0% (up from 8.7% in 1Q 2025). The increase in margin was driven by higher revenue. Announcement • Aug 09
SRM Contractors Limited to Report Q1, 2026 Results on Aug 14, 2025 SRM Contractors Limited announced that they will report Q1, 2026 results on Aug 14, 2025 Reported Earnings • May 21
Full year 2025 earnings released: EPS: ₹23.97 (vs ₹16.10 in FY 2024) Full year 2025 results: EPS: ₹23.97 (up from ₹16.10 in FY 2024). Revenue: ₹5.42b (up 58% from FY 2024). Net income: ₹550.0m (up 104% from FY 2024). Profit margin: 10% (up from 7.9% in FY 2024). The increase in margin was driven by higher revenue. New Risk • May 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Market cap is less than US$100m (₹8.47b market cap, or US$99.1m). Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹361, the stock trades at a trailing P/E ratio of 21.8x. Average trailing P/E is 21x in the Construction industry in India. Total returns to shareholders of 97% over the past year. Announcement • May 16
SRM Contractors Limited to Report Q4, 2025 Results on May 20, 2025 SRM Contractors Limited announced that they will report Q4, 2025 results on May 20, 2025 Valuation Update With 7 Day Price Move • Apr 15
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹377, the stock trades at a trailing P/E ratio of 22.8x. Average trailing P/E is 20x in the Construction industry in India. Total returns to shareholders of 88% over the past year. Reported Earnings • Feb 12
Third quarter 2025 earnings released: EPS: ₹6.97 (vs ₹3.52 in 3Q 2024) Third quarter 2025 results: EPS: ₹6.97 (up from ₹3.52 in 3Q 2024). Revenue: ₹1.54b (up 43% from 3Q 2024). Net income: ₹160.0m (up 171% from 3Q 2024). Profit margin: 10% (up from 5.5% in 3Q 2024). The increase in margin was driven by higher revenue. Announcement • Feb 04
SRM Contractors Limited to Report Q3, 2025 Results on Feb 11, 2025 SRM Contractors Limited announced that they will report Q3, 2025 results on Feb 11, 2025 Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹375, the stock trades at a trailing P/E ratio of 33.2x. Average trailing P/E is 28x in the Construction industry in India. Valuation Update With 7 Day Price Move • Nov 22
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₹332, the stock trades at a trailing P/E ratio of 29.4x. Average trailing P/E is 25x in the Construction industry in India. Reported Earnings • Nov 16
Second quarter 2025 earnings released: EPS: ₹18.04 (vs ₹3.52 in 2Q 2024) Second quarter 2025 results: EPS: ₹18.04 (up from ₹3.52 in 2Q 2024). Revenue: ₹980.6m (down 9.1% from 2Q 2024). Net income: ₹103.5m (up 76% from 2Q 2024). Profit margin: 11% (up from 5.5% in 2Q 2024). The increase in margin was driven by lower expenses. Announcement • Nov 09
SRM Contractors Limited to Report Q2, 2025 Results on Nov 14, 2024 SRM Contractors Limited announced that they will report Q2, 2025 results on Nov 14, 2024 Announcement • Sep 03
SRM Contractors Limited, Annual General Meeting, Sep 30, 2024 SRM Contractors Limited, Annual General Meeting, Sep 30, 2024, at 13:00 Indian Standard Time. Reported Earnings • Aug 16
First quarter 2025 earnings released: EPS: ₹8.32 (vs ₹4.17 in 1Q 2024) First quarter 2025 results: EPS: ₹8.32. Revenue: ₹558.9m (down 46% from 1Q 2024). Net income: ₹47.7m (down 32% from 1Q 2024). Profit margin: 8.5% (up from 6.8% in 1Q 2024). The increase in margin was driven by lower expenses. New Risk • Aug 08
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (29% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Market cap is less than US$100m (₹6.58b market cap, or US$78.3m). Announcement • Aug 06
SRM Contractors Limited to Report Q1, 2025 Results on Aug 14, 2024 SRM Contractors Limited announced that they will report Q1, 2025 results on Aug 14, 2024 Valuation Update With 7 Day Price Move • Jul 25
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₹256, the stock trades at a trailing P/E ratio of 21.7x. Average trailing P/E is 31x in the Construction industry in India. Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹204, the stock trades at a trailing P/E ratio of 17.4x. Average trailing P/E is 31x in the Construction industry in India. New Risk • Jun 14
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 29% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (29% accrual ratio). Minor Risk Market cap is less than US$100m (₹4.08b market cap, or US$48.8m). Reported Earnings • Jun 04
Full year 2024 earnings released: EPS: ₹16.10 (vs ₹8.26 in FY 2023) Full year 2024 results: EPS: ₹16.10 (up from ₹8.26 in FY 2023). Revenue: ₹3.50b (up 17% from FY 2023). Net income: ₹269.7m (up 44% from FY 2023). Profit margin: 7.7% (up from 6.2% in FY 2023). The increase in margin was driven by higher revenue. Announcement • May 23
SRM Contractors Limited to Report Q4, 2024 Results on May 30, 2024 SRM Contractors Limited announced that they will report Q4, 2024 results on May 30, 2024 New Risk • Apr 20
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended March 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. High level of non-cash earnings (34% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported March 2023 fiscal period end). Market cap is less than US$100m (₹4.58b market cap, or US$55.0m).