Srm Contractors Ltd. · NSE:SRM
Srm Contractors — Q3 FY26 Earnings Presentation
28 slides from Srm Contractors's earnings presentation, Feb 16, 2026
Slide 1: Investor Presentation filing letter to BSE and NSE
Dated: 16.02.2026 To, The Manager, The General Manager, Department of Corporate Services Department of Corporate Services BSE Limited The National Stock Exchange of India Limited Floor 25, P.J. Towers, Plot No. C/1, G Block, Bandra Kurla complex, Dalal Street, Mumbai – 400 001 Bandra, Mumbai – 400 0
Slide 2: Earnings Presentation 3Q & 9MFY26
Earnings Presentation 3Q & 9MFY26
Slide 3: Disclaimer
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 s
Slide 4: Company Overview
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Slide 5: Contents
Contents 01 Company Overview RECOGNITION & Financial Highlights 02 ACHIEVEMENTS 03 1. About SRM Contractors Ltd 1. ET Young Industry Leaders 1. Recent Financial Performance – 2. Business Overview - Scope of 2025 9MFY26 & Q3FY26 Services 2. Analysis of Order Book as on 31st 2. “Excellence in 3. Prima
Slide 6: Key Highlights of 3Q & 9MFY26
Key Highlights of 3Q & 9MFY26 • During the quarter, the company reported revenue from operations of Rs 202.94. crore. EBITDA stood at Rs 37.22 crore, resulting in an EBITDA Strategic Update margin of 18.34%. Profit after tax (PAT) for the quarter amounted to Rs 19.43crore. For the 9MFY26 revenue fro
Slide 7: SRM Contractors: Building the Backbone of India's toughest terrains
SRM Contractors: Building the Backbone of India’s toughest terrains A leading infrastructure company with 17+ years of expertise in roadways, tunnels, bridges, and slope stabilization, backed by robust in-house capabilities and a strong track record across India’s toughest terrains. Key Business Roa
Slide 8: Infra Specialist with a Strategic Edge in difficult terrain
Infra Specialist with a Strategic Edge in difficult terrain 01 Proven Turnkey Execution 02 Strategically Positioned for Growth Partner • 50+ infrastructure projects delivered • Operates in high-margin, high-entry-barrier hilly terrain EPC niche. • Complete in-house capabilities, from design to deliv
Slide 9: Domain Expertise Across Diverse Business Verticals
Domain Expertise Across Diverse Business Verticals Roads & Bridges Tunnels Slope Stabilization Provides end-to-end Provides end-to-end design and Provides design and design, construction, and construction solutions for construction solutions for slope maintenance solutions for tunnels, cut-and-cover
Slide 10: Record-Breaking Engineering Marvels
Record-Breaking Engineering Marvels SRM Contractors stands at the forefront of redefining infrastructure possibilities, delivering iconic engineering marvels in India’s most challenging and strategic environments. RS Wall Reasi, KRCL Precast Cut-and-Cover Tunnel, Leh, Ladakh Cavern, Hanle, Ladakh, B
Slide 11: Building Blocks of SRM Contractors
Building Blocks of SRM Contractors
Slide 12: Resilient Business Model
Resilient Business Model Road & Bridges Tunnel Slope Other Civil Projects Projects Stabilization Construction Activities • The Roads division • The Slope Stabilization designs, constructs, • The Tunnel division division designs and upgrades, and maintains designs and constructs • The company also bu
Slide 13: Investment Thesis: In-house Design and Engineering Capabilities
1.2 Investment Thesis In-house Design and Engineering Capabilities Differentiators Strategic Core Solutions & Driving MIPL’s Acquisition Landmark Projects Growth Strategic Acquisition Manufacturing Strength Solutions Offered SRM secures a 51% stake in Maccaferri competitive advantage through MIPL’s
Slide 14: Investment Thesis: Strategic Project Clustering
1.3 Investment Thesis Strategic Project Clustering PAN India Presence Selective and Strategic Contracting Government's Future Initiatives • Operations spanning multiple states and Union • Rigorous evaluation of projects before bidding, • Projects are clustered geographically to Territories with plan
Slide 15: Investment Thesis: Expertise in Challenging Geographies
1.4 Investment Thesis Expertise in Challenging Geographies Expertise in Challenging Terrain • 17+ years in J&K & Ladakh, specializing in complex hilly infrastructure. 01 • Proven ability to manage steep gradients, sharp bends & extreme weather conditions. • Recent contract win in Uttarakhand further
Slide 16: Improving Financial Strength
Improving Financial Strength 0.43x Net Debt/Equity ROE & ROCE Pre-tax FY23 FY24 FY25 -0.19x 39% -0.21x BookBook to Ratio to Bill Bill Ratio 35% 28% 21% 20% 3.51 26% 2.72 2.44 1.73 FY23 FY24 FY25 1.44 1.32 1.26 RoE RoCE pre tax 0.86 FY2022 FY2023 FY2024 FY2025 SRM Peer Average Formula: 1. Net Debt to
Slide 17: Growth Outlook – In FY26
Growth Outlook – In FY26 Revenue EBITDA Guidance Guidance Rs 800- 16-17%+ 900crores PAT & PAT Margin FY26 Order Guidance Bid- Pipeline 9%+ Rs 4271.85crores 16
Slide 18: Strategic Acquisition - 51% stake in Maccaferri Infrastructure Pvt. Ltd.
Strategic Acquisition - 51% stake in Maccaferri Infrastructure Pvt. Ltd. (MIPL) Expanding Horizons: This strategic acquisition of 51% stake in Maccaferri Infrastructure Pvt. Ltd., a wholly owned subsidiary of an Strategic Acquisition of 51% Stake in 01 Italian multinational brand with presence in ov
Slide 19: Recognition & Achievements
RECOGNITION & ACHIEVEMENTS
Slide 20: ET Young Industry Leaders 2025 award to Managing Director
Mr. Puneet Pal Singh, Managing Director of the company has been conferred with the prestigious "ET Young Industry Leaders 2025" award by the Times of India Group. The award recognizes his exceptional contributions to the infrastructure sector, specifically for "Excellence in Roads and Highways in Hi
Slide 21: ET Infra Leadership Award 2025
The company had received ET Infra Leadership Award 2025 in “Excellence in Border/Remote/Hilly Region Infrastructure” for delivering India’s longest precast cut-and- cover tunnel at Leh — a national engineering milestone executed at 12,300 ft under extreme climatic, security and logistical conditions
Slide 22: Financial Highlights
Financial Highlights
Slide 23: Profit & Loss Statement (Consolidated)
Profit & Loss Statement (Consolidated) Particulars (INR in Cr) Q3FY26 Q3FY25 YoY% Q2FY26 QoQ% 9MFY26 9MFY25 YoY% Revenue from Operations 231.21 150 53.69% 206.22 12.12% 580 301 92.92% Gross Profit 134 44 204% 111 21% 292 92 217% EBITDA 45 26 73% 31 45% 97 55 78% EBITDA Margin % 19.28% 17% 2.09 15% 4
Slide 24: Profit & Loss Statement (Consolidated)
Profit & Loss Statement (Consolidated) Particulars (INR in Cr) FY 23 FY24 FY25 9MFY26 Revenue from Operations 300.3 342.4 528.1 580 Gross Profit 82.7 84.7 148.0 292 EBITDA 38.3 41.6 81.4 97 EBITDA Margin % 13% 12% 15% 17% Depreciation 7.8 8.9 13.6 11 Earnings Before Interest & Tax 30.5 32.7 67.9 86
Slide 25: Analysis of Order Book as on 31st December 2025
Analysis of Order Book of SRM as on 31st December 2025 Arunachal Gujrat Maharashtra 14% Pradesh others, 0% 18% HP 2% slope, 24% UK 4% 16% Roads & Tunnel, 10% Bridges, 66% Odisha J&K 2% 34% Leh 10% State Amount (in INR crs) Arunachal Pradesh 24.83 Gujarat 203.11 Segment Amount (in INR crs) Himachal P
Slide 26: Financial Highlights - Debt Profile
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 Substantial reduction in debt levels post listing demonstrating management’s commitment towards efficient capital allocat
Slide 27: Major Clients
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Slide 28: Thank You
THANK YOU For further information, please get in touch : www.goindiaadvisors.com Saloni Ajmera Go India Advisors Tel: +91-99305 77801; E: saloni@goindiaadvisors.com Selina Sheikh Go India Advisors Tel: +91-84338 18768; E: selina@goindiaadvisors.com © 2025 SRM Contractors Ltd. Published in India. All