SRM Contractors Limited has informed the Exchange about Investor Presentation
Dated :20.05.2025
To, The Manager, Department of Corporate Services BSE Limited Floor 25, P.J. Towers, Dalal Street, Mumbai – 400 001 BSE Scrip code – [544158] Equity ISIN INE0R6Z01013
The General Manager, Department of Corporate Services The National Stock Exchange of India Limited Plot No. C/1, G Block, Bandra Kurla complex, Bandra, Mumbai – 400 051 NSE Scrip code – [SRM]
Subject: Submission of Investor Presentation.
Dear Sir/Madam
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, we enclose herewith a copy of Investor Presentation with respect to Audited Financial Results of the Company for the quarter and year ended March 31, 2025.
This is for your information and records.
Thanking you,
For SRM Contractors Limited
Arun Mathur Company Secretary and Compliance Officer M.no : 36848
SRM CONTRACTORS LIMITED (Formerly known as ‘SRM CONTRACTORS PRIVATE LIMITED’) CIN: U45400JK2008PLC002933 Regd. Office: Sector-3, Near BJP Head Office, Trikuta Nagar, Jammu-180012 Telefax:0191-2472729. Email:srmcontractors@gmail.com; GSTIN: 01AAMCS4397M1ZT
Investor Presentation
Business Overview & Financial Highlights
Disclaimer
This presentation and the accompanying slides (the “Presentation”) has been prepared by SRM Contractors Ltd (the “Company”). The presentation has been prepared solely for information purpose and does not constitute any offer, recommendation or invitation to purchase or subscribe for any securities and shall not form the basis or shall be relied upon in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.
This Presentation has been prepared by the Company based on information and data which the Company considers reliable but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on the truth, accuracy, completeness, fairness and reasonableness of the content of this Presentation. This Presentation may not be all inclusive and may not contain all the information that may be considered material. Any liability in respect of the contents of or any omission from this Presentation is expressly excluded.
This presentation contains certain forward-looking statements concerning the Company’s future business prospects and business profitability which are subject to several risks and uncertainties and the actual results could materially differ from those in such forward-looking statements. The risks and uncertainties relating to these statements include but are not limited to, risks and uncertainties regarding fluctuations in earnings, company’s ability to manage growth, competition (both domestic and international), economic growth in India and abroad, ability to attract and retain highly skilled professionals, time and cost over-runs on contracts, company’s ability to manage our responses to government policies, interest and other fiscal costs generally prevailing in the economy. The Company does not undertake to make any announcement in case any of these forward-looking statements become materially incorrect in future or update any forward-looking statements made from time to time by or on behalf of the Company.
© 2025 SRM Contractors Ltd. Published in India. All Rights Reserved.
Contents
1) Company Overview
a) About SRM Contractors Ltd
b)
c)
Business Overview – Scope of Services
Primary Competitive Strengths
d) Major Completed Projects
e) Major Ongoing Projects
2) Management Overview
a)
b)
Background of Promoters
Board of Directors
c) Key Managerial Personnel
3)
Financial Highlights
a)
Recent Financial Performance – Q4 & FY 25
b) Analysis of Order Book as on 31st March 2025
c) Debt Profile
d) Historical Performance
Company Overview
About Us
Vision
Deliver comprehensive & effective solutions to clients through our profound experience and technological prowess, while continuously creating opportunities and value for stakeholders
SRM Contractors Ltd (“SRM” or the “Company”) was established in 2008 and is headquartered in Jammu. It specializes in infrastructure development projects in challenging terrains of Jammu & Kashmir, Ladakh, Uttarakhand, Himachal Pradesh, Arunachal Pradesh apart from other infrastructure projects in Gujarat and Odisha. It mainly focuses on contracts on EPC mode and HAM mode.
The Company is known for its expertise in building roads & bridges, tunnels and slope stabilization projects. It essentially partners with government and private entities to enhance regional connectivity and assists them in capitalizing on rising infrastructure opportunities.
The company is striving to expand its scope of services to includes the aerial ropeways,
hydroelectric projects and major civil infrastructure works in mining sector.
Key Clientele
Business Overview
Road & Bridge Projects
Plant, Machinery & Equipment
the designing and construction of Company’s Roads division undertakes realignment, widening, upgradation, restoration and/or strengthening and improvements of roads, highways and bridges and their maintenance. Under this business division, we are also engaged in the construction of standalone bridges.
Tunnel Projects
Company’s Tunnel division undertakes the designing and construction of new tunnels, cut and cover tunnels for avalanche and slide protection and caverns. It also improvements includes widening, upgradation, (including providing niches / modification in niches) and stabilization of existing tunnels.
strengthening,
restoration,
Slope Stabilization
Slope stabilization refers to the application of various engineering techniques to solidify and stabilize a slope that is either inherently unstable or insufficiently stable. Company’s Slope Stabilization division undertakes designing and construction of reinforced soil steepened slope structures as part of slope stabilization works which are essential to safeguard infrastructure, protect the environment and ensure public safety.
Other Civil Construction Activities
Company undertakes other civil construction activities such as construction of government housing and residential units, drainage works, irrigation & flood control works. Our clients in other civil construction include Public Work (R&B) Department, Jammu & Kashmir (PWD, J&K), Irrigation & Flood Control Department, Jammu & Kashmir, Northern Railways.
Since inception, Company has acquired a fleet of modern construction plant,
machinery & equipment to support the construction activity of the Projects.
As on date, the Company owns and holds more than 300 plant, machinery & equipment comprising of more than 100 major plant, machinery & equipment such as boomers, shotcrete machines, batching plants, excavators, hot-mix plants, ready-mix concrete plants, stone-crushing units, compacters, among others.
Key Business Moats
Model of Centralized Procurement and Equipment Management Reduces Dependence on Third – Party Suppliers
Company’s in-house integrated model of Centralized procurement and equipment management reduces dependence on third-party suppliers for construction plant, machinery & equipment and most of the construction material and such other products and services required in the development and construction of our projects.
Employee Strength
Company has an employee strength of more than 275 comprising of skilled, semiskilled and unskilled site workers engaged in various projects. It houses a dedicated team of more than 80 engineers along with a host of third-party consultants and industry experts.
Primary Competitive Strengths
Proven track record of efficient execution in difficult terrain
Business Model of selecting & clustering projects in specific geographical Area
Continuous Focus on Equipment Ownership
Company has a proven track record of successful execution of road & bridges, tunnels and slope stabilization projects in the difficult terrain of Jammu & Kashmir, Ladakh, Uttarakhand, Himachal Pradesh, Arunachal Pradesh etc.
As on 31st March 2025,
the Company has completed 32 Road & Bridge Projects, 4 Tunnel Projects, 1 Slope Stabilization Project and 2 Other Civil Construction Projects.
Company’s growth is largely attributable to its business model of focusing, selecting and clustering projects in UT of Jammu & Kashmir, UT of Ladakh, Uttarakhand & Himachal Pradesh. It facilitates maximum efficiency and profitability as it provides geographical competitive advantage.
Company carefully selects contracts, usually with a focus on EPC mode & HAM mode, by taking into consideration potential for project clustering.
Equipment asset management is a critical element infrastructure
of timely delivery of quality development and construction projects.
Company owns a large fleet of sophisticated construction less equipment which dependence on third-party equipment providers and offers efficient management of project execution schedules.
ensure
Strong Financial Performance
In-house Integrated Model
Company has achieved Revenue from Operations of INR 52813 Lakhs in FY 25, INR 34,242.10 lakhs in FY 24 and INR 30,029.08 lakhs in FY 23. This represents a YoY of 54.23% from FY 24 to FY 25 and 14.03% from FY 23 to FY 24 .
Company strives to maintain a robust financial position with emphasis on having a strong balance sheet which enables funding of strategic initiatives, pursue opportunities for growth and better manage cash flow variations.
Page 7
Company has achieved in-house integration of its
resources which has been instrumental growth.
in
Such in-house integration model helps reduce Company’s dependency on for designing and engineering, procurement of key materials.
third-parties
It also facilitates timely transportation of these materials to project sites and ensures that products and services required for a Project meet quality standards.
Experienced Promoters with Strong Management Team
Company has seen business growth under the vision, leadership and guidance of the designated Promoter Mr. Sanjay Mehta who have more than 16 infrastructure and in years of experience construction industry.
the
The Promoters, key management and senior management team include qualified, experienced and skilled professionals who possess requisite experience across various divisions of Company’s business which will render stability to the business and will enable the Company to take advantage of future market opportunities
Major Completed Projects
Katra Flats, Northern Railway
RE Wall Reasi, KRCL
Sumber Station Yard, HCC
Tunnel T – 5, KRCL
Tunnel T – 41, KRCL
Sidhra - Surinsar Road, J&K ERA
Page 8
Major Ongoing Projects
Chenani Sudh Mahadev, NHIDCL
RE Wall, Sumber, HCC
Cavern, Hanle, Ladakh, BRO
Arunachal Pradesh, BRO
Akhnoor Poonch Pkg – VII, MoRTH
Cut & Cover, Leh, BRO
Page 9
Management Overview
Promoters
Mr. Sanjay Mehta
Ms. Ashley Mehta
Mr. Puneet Pal Singh
Promoter & Managing Director
Promoter & Non - Executive Director
Promoter & Whole-Time Director
Sanjay Mehta is the Managing Director the Company. He completed his degree of Bachelor of Medicine and Bachelor of Surgery from the University of Jammu in the year 1994. He also completed his degree of Master of Health Administration from the Tata Institute of Social Sciences in 2001.
His prior work experience involves working as an Assistant Surgeon for the J&K Health Services, Jammu from the year 1998 till the year 2000 and then from the year 2004 till the year 2007. He has been associated with the Company since its incorporation in 2008. He has over 16 years of experience in the construction industry, particularly, in the infrastructure sector. His other ventures include SRM Realties Private Limited and Revya Technologies LLP.
Ashley Mehta is a Non-Executive Director of the Company. She completed her degree of Bachelor of Science in Civil Engineering from Rutgers, The State University of New Jersey, in 2023.
She is presently employed at Weeks Marine, Inc. as a Field Engineer - Dredging. She has been associated with the Company since the year 2018. She has over 4 years of experience in the business of the Company.
Puneet Pal Singh is a Whole-time Director of the Company. He completed his degree of Bachelor of Technology from Jaypee in Civil Engineering University of Information Technology, Waknaghat, Himachal Pradesh, in the year 2019.
He has been associated with the Company since 01st April 2020 , as a Project Coordinator – Civil till September 30, 2022. On October 1, 2022, he was appointed on the Board of our Company. He has over 4 years of experience in the construction industry, particularly, in the infrastructure sector. He oversees construction activities at multiple sites of the Company.
Board of Directors
Mr. Sanjay Sharma
Mr. Yudhvir Gupta
Mr. Sushil Kumar Sharma
Independent Director
Independent Director
Independent Director
Sanjay Sharma appointed since September 11, 2023.
is an
Independent Director
Yudhvir Gupta appointed since August 02, 2023.
is an
Independent Director
He completed his degree of Bachelors of Science from University of Jammu in 2000 and Bachelors of Law from Hemwati Nandan Bahuguna Garhwal University in 2003. He has been enrolled with the Bar Council of Jammu and Kashmir since 2006. He has more than 20 years of experience in legal field. He has been empaneled on the J&K Bank’s panel of lawyers since 2010.
He completed his degree of Bachelors of Commerce from the University of Jammu in 1993 and Bachelors of Law from the University of Jammu in 1996. He has been enrolled with Bar Council of Jammu and Kashmir since 1999. He is the proprietor of M/s Gupta Accountants, Jammu since 1999. The firm specializes in taxation and accountancy matters and has more than 25 years of experience in legal (taxation) matters.
Sushil Kumar Sharma is an Independent Director appointed since August 30, 2023.
He completed his Masters of Science and Masters of Philosophy in Botany from University of Jammu in 1985. He was involved in the education sector as an Assistant Professor of Botany in GGM Science College, Jammu since the 1988 till 2010. He has over 3 decades of experience in the education sector.
Presently, Mr. Sushil serves as a faculty member, specializing in Botany for NEET aspirants at ASL Tutorials, Jammu.
Key Managerial Personnel
Mr. Rupesh Kumar
Ms. Aashni Mahajan
Mr. Arun Mathur
Chief Executive Officer
Chief Financial Officer
Company Secretary & Compliance Officer
Rupesh Kumar is the Chief Executive Officer of our Company. He has been working with our Company since May 1, 2024.
A Bachelor of Civil Engineering and MBA in Construction Management having 28 years of infrastructure large & small experience projects in highways, structures, tunnels, ground engineering, urban infrastructure projects.
aviation
civil
and
in
Aashni Mahajan is the Chief Financial Officer of our Company. She has been working with our Company since January 2024.
Chartered Accountant with a Masters in Finance from the University of Jammu & Kashmir and with extensive experience in Wipro Limited.
Arun Mathur is the Company Secretary and Compliance Officer of our Company. He has since been working with our Company September 1, 2022
With a Master of Commerce degree from the an Associate University of Membership with the Institute of Company Secretaries of India since 2014, Arun brought significant experience to the role.
Jammu
and
Financial Highlights
Financial Highlights
Recent Performance – Key Highlights
INR 23,427.23 lakhs
Total Income in Q4 FY 25
INR 10.49 per share
EPS in Q4 FY 25
Page 15
INR 4,064.87 lakhs
EBITDA in Q4 FY 25
INR 3,514.97 lakhs
EBIT in Q4 FY 25
INR 2,407.82 lakhs
PAT in Q4 FY 25
Financial Highlights
Recent Performance – Q4 & FY25 Profit & Loss (Consolidated)
Page 16
Particulars (in INR lakhs)Q4 FY25Q3 FY25Q4 FY24FY25FY24Total Revenue from Operations22,757.515,044.110,787.152,812.934,242.1Other Income669.7337.813.21391.9759.4Total Income23,427.215,381.910,773.954,204.935,001.5Cost of Material Consumed17,181.111,005.58,160.238,011.525,769.1Employee Expense532.0551.7348.72040.71442.1Other Expenses1,649.21,238.31006.04,616.82868.6EBITDA 4,064.87 2,586.41,258.99,535.84,921.7EBITDA Margin %17.35%16.81%11.68%17.59%14.06%Depreciation549.9293.9265.41355.5892.2EBIT 3,514.97 2,292.5993.58,180.34,029.5EBIT Margin %15.00%14.90%9.22%15.09%11.51%Finance Cost212.2163.3287.2746.5568.6Profit Before Tax 3,302.77 2,129.2706.37,433.73,460.9PBT Margin %14.10%13.84%6.56%13.71%9.89%Tax894.9529.089.51933.5764.4PAT 2,407.82 1,600.1616.85,500.32,696.5PAT Margin %10.28%10.40%5.72%10.15%7.70% Financial Highlights
Recent Performance – Q4 & FY25 Balance Sheet (Consolidated)
Page 17
Particulars (in INR lakhs)FY 25FY 24ASSETSNon-Current AssetsProperty,Plant and Equipment7,268.83,983.8Non-current investments691.8639.3Total Non-Current Assets7,960.54623.1Current Assets-Current Investments1,943.4764.7Inventories8,506.72,745.6Trade receivables3,925.83,130.2Cash and cash equivalents9,295.35,929.5Other Financial Assets9,117.36,290.3Other Current Assets14.2317.6Total Current Assets32,802.718,877.9TOTAL - ASSETS 40,763.3 23,501.0 Particulars (in INR lakhs)FY 25FY 24EQUITY AND LIABILITIESEquityShare Capital2294.421,674.4Other Equity25,259.87,359.5Share Application Money Pending Allotments3,905.8Total Shareholders' Fund27,554.212,939.7Non-Current Liabilities-Long-term borrowings1,409.82,572.5Deferred tax liabilities (net)42.348.4Total Non-Current Liabilities1,452.12,621.0Current Liabilities-Short-term borrowings2,678.92,185.9Trade payables6,820.73,227.9Other financial liabilities0.7Short term provision2257.42525.9Total Current Liabilities11,757.07,940.3Total Liabilities13,209.110,561.3 TOTAL - EQUITY AND LIABILITIES 40,763.3 23,501.0 Financial Highlights
Recent Performance – Q4 & FY25 Cash Flow (Consolidated)
Page 18
Particulars (in INR lakhs) FY25 FY 24 PBT 7,433.7 3,461.0 Adjustments : Depreciation 1,355.5 892.2 Operating Profit before working capital changes 8,789.3 4,353.2 Changes in working capital -6,742.4 -2,176.2 Cash generated from operations 2,046.9 2,177.0 Direct Taxes paid (net off refund) 1,939.6 -750.5 Net Cash from Operating Activities 107.3 1,426.5 Net Cash from Investing Activities -4,693.0 -1,388.8 Net Cash from Financing Activities 7,951.5 3,921.5 Net Change in Cash and Cash Equivalents 3,365.8 3,959.2 Opening Cash Balance 5,929.5 1,970.3 Closing Cash Balance 9,295.3 5,929.5 Analysis of Order Book as on 31st March, 2025
Segment Wise Order Book
Geographical Distribution of Order Book
Slope Stabilization 29%
Tunnels 13%
Segment
Roads & Bridges
Tunnels
Slope Stabilization
Others
Total
Roads and Bridges 58%
Amount (in INR crs)
843.54
187.32
429.71
-
1460.57
Uttarakhand 20%
Arunachal Pradesh 0%
Odisha 4%
Leh 10%
State
Arunachal Pradesh
Gujarat
Himachal Pradesh
Jammu & Kashmir
Leh & Ladakh
Odisha
Uttarakhand
Total
Gujarat 18%
Himachal Pradesh 7%
Jammu and Kashmir 41%
Amount (in INR crs)
1.82
261.11
94.61
593.93
174.84
53.40
280.88
1460.57
Page 19
Average Completion Time : 18 to 24 Month Tenders under Evaluation and in pipeline - 3616 Crores and Tenders in pipeline ( HAM Projects ) - 1636 crores
Financial Highlights
Debt Profile
Long Term Debt
Short Term Debt
Key Insights
Long-Term Borrowings under Non-Current Liabilities
Short-Term Borrowings under Current Liabilities
2556.8
2572.52
1409.79
2139
2186
2679
FY23
FY24
FY25
INR Lakhs
Gross Debt
4696
4758
FY23
FY24 INR Lakhs
FY25
Gross Debt – Equity Ratio
0.74
4089
0.37
0.15
FY23
FY24
FY25
INR Lakhs
FY23
FY24
FY25
Substantial reduction in debt levels post listing demonstrating management’s commitment towards efficient capital allocation and project management
0.15
Gross Debt – Equity Ratio as on 31st March 2025
On 31st March 2025, CARE Edge Ratings upgraded the rating of Long-Term Bank facilities from CARE BBB to CARE BBB+
BBB+
Rating for Long-Term Bank Facilities
Financial Highlights
Historical Performance – Profit & Loss (Consolidated)
Page 21
Y-o-Y Growth of 54.9%
Y-o-Y Growth of 93.8%
Y-o-Y Growth of 104%
Particulars (in INR lakhs)FY25FY24FY23Total Revenue from Operations52,812.934,242.130,029.1Other Income1391.9759.436.0Total Income54,204.935,001.530,065.1Cost of Material Consumed38,011.525,769.121,757.8Employee Expense2040.71442.11132.0Other Expenses4,616.82868.63309.6EBITDA9,535.84,921.73,865.7EBITDA Margin %17.59%14.06%12.86%Depreciation1355.5892.2780.6EBIT8,180.34,029.53,085.1EBIT Margin %15.09%11.51%10.26%Finance Cost746.5568.6580.0Profit Before Tax7,433.73,460.92,505.1PBT Margin %13.71%9.89%8.33%Tax1933.5764.4630.3PAT5,500.32,696.51,874.8PAT Margin %10.15%7.70%6.24%Cash PAT6,855.83,588.72,655.4Cash PAT Margin %12.65%10.25%8.83% © 2025 SRM Contractors Ltd. Published in India. All Rights Reserved
This publication contains information in summary form and is therefore intended for general guidance only. It is not intended to be a substitute for detailed research or the exercise of professional judgment. Neither entities shall accept any responsibility for loss occasioned to any person acting or refraining from action as a result of any material in this publication. On any specific matter, reference should be made to the appropriate advisor.