Srinibas Pradhan Constructions Limited · NSE:SPCON
Srinibas Pradhan Constructions — Investor Presentation (September 2026)
35 slides from Srinibas Pradhan Constructions's investor presentation, Sep 15, 2026
Slide 1: Intimation to NSE covering letter
(Formerly Known as Srinibas Pradhan Constructions Pvt. Ltd.) CIN: L45201OR2020PLC034275, Regd.No-034275 Date: 15th September, 2026 To, The Manager, Listing Department, National Stock Exchange Limited, Exchange Plaza, C-1, Block G, Bandra Kurla Complex, Bandra (E), Mumbai – 400051. Scrip Code: SPCON
Slide 2: Srinibas Pradhan Constructions Limited Investor Presentation
Srinibas Pradhan Constructions Limited Investor Presentation
Slide 3: Disclaimer
Disclaimer This presentation and the accompanying slides (the “Presentation”), which have been prepared by Srinibas Pradhan Constructions Limited (SPCON, The Company) solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securi
Slide 4: Company Overview
Company Overview
Slide 5: SPCON at a Glance
SPCON at a Glance Srinibas Pradhan Constructions Private Limited is an infrastructure construction company with over two decades of industry experience, tracing its roots to 2001. The Company has evolved from undertaking small-scale civil works to executing a diverse portfolio of infrastructure proj
Slide 6: Journey — From Proprietorship to Listed EPC Group
Journey — From Proprietorship to Listed EPC Group 2008 2020 2024 2026 Registered with the Works Srinibas Pradhan SPIPL incorporated & Department, Government of Constructions Private takes over the Odisha; diversified into roads, Limited incorporated (25 Listed on NSE Emerge on proprietorship busines
Slide 7: Corporate Structure — Two Complementary PWD Licences
Corporate Structure — Two Complementary PWD Licences Srinibas Pradhan Constructions Limited Listed on NSE Emerge (SPCON) · PWD Class A Contractor · Promoters hold 62.10% 100% Srinibas Pradhan Infra Private Limited (SPIPL) Wholly-owned subsidiary (w.e.f. 9 May 2024) · PWD Special Class Contractor · F
Slide 8: Promoters & Key Management
Promoters & Key Management Ramakanta Pradhan Srinibas Pradhan Chairman & Whole-time Director, Managing Director & Promoter Promoter Brings over 28 years of industry experience in Founder of the Company with over 24 years of experience infrastructure and construction. He provides strategic in infrast
Slide 9: Business Overview
Business Overview
Slide 10: What SPCON Builds — Core Business Segments
What SPCON Builds — Core Business Segments Roads & Highways Bridges & Steel Structures • Rural, major district and urban roads • High-level bridges and steel structures for using aggregate, sand, tar and bridges and industrial sheds cement • Executed under Setu Bandhan and • 82.32% of FY26 revenue —
Slide 11: Revenue Mix — Decisive Shift Toward Roads
Revenue Mix — Decisive Shift Toward Roads Segment mix — % of revenue from operations Who SPCON builds for AMC / O&M / Rental Industrial & Others Roads & Bridges Revenue From Operations (In ₹ Lakhs) 91.2% → 65.27% 8,973 9,021 10,000 Private / corporate & other 140% clients — share of revenue, FY25 →
Slide 12: Order Book of ₹113 Cr Provides ~2x Revenue Cover
Order Book of ₹ 113 Cr Provides ~2x Revenue Cover ₹113 Cr 35 2.0x Consolidated order Ongoing projects across Order book to FY26 book as of 31ST roads, industrial & civil works consolidated revenue March, 2026 Key projects in hand Client / programme Gross value (₹ Lakhs) Work in hand (₹ Lakhs) Target
Slide 13: Growth Engines — New Orders & Upgraded Credentials
Growth Engines — New Orders & Upgraded Credentials ₹32.74 Cr — Road Development ₹5.66 Cr — New Order ₹4.19 Cr — Government Road Order Opportunity Project • Widening & strengthening of • Road improvement project from Sunari • Construction of Limidihi PWD Road to Bandhbahal–Barihapali Road in Chhak to
Slide 14: Marquee Clients & Execution Track Record
Marquee Clients & Execution Track Record Government, PSU and institutional relationships Why clients stay Darlipali STPP water-system & road works; 20+ Years new Stage-II order (May 2026) Proven execution expertise with consistent on- time delivery across roads, bridges and industrial infrastructure
Slide 15: Integrated Execution — Fleet, Labs & Backward Integration
Integrated Execution — Fleet, Labs & Backward Integration 74 + 33 120 TPH 22+ Owned + hired construction machines & Ammann ABC EcoTec asphalt-mixing plant Types of on-site laboratory & testing equipment capacity equipment Owned fleet depth On-site quality labs Backward integration • 48 Hyva heavy ca
Slide 16: Project Portfolio & Execution
Project Portfolio & Execution
Slide 17: Completed Marquee Projects — Delivered Track Record
Completed Marquee Projects — Delivered Track Record ₹ 15,849 Lakhs 75+ ₹ 3,913.20 Lakhs Value of work executed on Work orders completed across Largest single completed completed projects, FY24 the Group in the same period contract — state-road major till FY26 maintenance Completed project Client / p
Slide 18: Glimpse of Marquee Projects
Glimpse of Marquee Projects L&T Sambalpur - Rourkela Tollway Limited NTPC Limited Major Maintenance work from km 4.950 to km on SH-10 Odisha. Repair And Maintenance Of Bituminous Road For Plant And Township Of NTPC Kaniha. R&B Division Jharsuguda, Odisha Construction of Biju Patnaik Indoor Stadium (
Slide 19: Competitive Strengths
Competitive Strengths Established reputation since 2001 • Promoter-led execution record across roads, bridges, dams and multi-storied buildings • Zero customers lost per Prospectus disclosure; repeat government and PSU relationships Integrated, asset-backed model • 99 owned machines incl. a 120-TPH
Slide 20: Growth Strategies
Growth Strategies Scale pre-qualification Grow the customer base • Complete high-value projects to • From 5 clients (FY23) to a broader keep raising tender pre- base of 20+ clients today with repeat qualification thresholds orders; deepen NTPC/PSU relationships • Special-Class status already unlocks
Slide 21: Industry Overview & Growth Drivers
Industry Overview & Growth Drivers
Slide 22: India's Infrastructure Build-out – Multi-Sector EPC Opportunity
India's Infrastructure Build-out – Multi-Sector EPC Opportunity Railways Logistics Corridors Urban Infrastructure Industrial Infrastructure 434 Projects 306 Cargo Terminals Integrated Development 8,716 Projects ₹11.17 Lakh Cr ₹8,600 Cr Government focus on: USD 2.24 Tn Railway projects identified Pri
Slide 23: Positioned Across High-Growth Infrastructure Segments
Positioned Across High-Growth Infrastructure Segments Bridges Industrial Buildings Roads & Highways 434 Railway Economic Corridor 8,716 Projects ₹3.10 Lakh Cr Projects Thousands of bridge National Infrastructure Pipeline MoRTH Budget FY27 structures across highways and USD 2.24 Trillion Key Programm
Slide 24: Odisha — Home Market Opportunity
Odisha — Home- rg y ’ r gh ₹72,100 Cr Odisha capital outlay, Budget FY27 — 6.5% of GSDP, among the highest of major states ₹7,500 Cr POSITIONED AT THE CENTRE State highways, major district roads, large bridges & urban decongestion • 100% of revenue earned in Odisha — local supply chains, plant netwo
Slide 25: Financial Overview
Financial Overview
Slide 26: H2 FY26 — Margins Expanded Sharply Despite Softer Topline
H2 FY26 — Margins Expanded Sharply Despite Softer Topline ₹4,467.28 Lakhs ₹738.42 Lakhs ▲ 16.0% YoY 16.53% ▲ 479 bps Total income (vs ₹5,430.87 L in H2 FY25) EBITDA (vs ₹636.40 L) EBITDA margin (vs 11.72%) ₹410.17 Lakhs ▲ 32.1% YoY 9.18% ▲ 347 bps ₹6.66 ▲ 24.7% YoY PAT (vs ₹310.43 Lakhs) PAT margin
Slide 27: H2 FY26 Consolidated Profit & Loss
H2 FY26 Consolidated Profit & Loss (₹ lakhs) Particulars H2 FY26 H2 FY25 Y-O-Y Operating Income 4,462.60 5,426.76 Other Income 4.68 4.11 Total Income 4,467.28 5,430.87 -17.74% Raw Material Expenses 3,411.85 4,632.04 Employee Benefit Expenses 257.52 117.29 Other expenses 59.52 45.14 Total Expenditure
Slide 28: FY26 — Profitability-led Year at a Glance (Consolidated)
FY26 — Profitability-led Year at a Glance (Consolidated) ₹9,030.24 Lakhs ▲ 0.6% YoY ₹1,506.53 Lakhs ▲ 15.5% YoY 16.68% ▲ 214 bps Total income EBITDA EBITDA margin ₹821.02 Lakhs ▲ 24.6% YoY 9.09% ▲ 175 bps ₹13.33 ▲ 17.6% YoY Profit after tax PAT margin Diluted EPS with revenue broadly flat after FY25
Slide 29: Four-Year Track Record — Scale Built, Then Made Profitable
Four-Year Track Record — Scale Built, Then Made Profitable Total income (₹ lakhs) EBITDA (₹ Lakhs) EBITDA Margin (%) PAT (₹ Lakhs) PAT Margin (%) 16.68 9,030 15.81 10.06 8,973 1900 14.54 15 1400 9.09 1700 1,507 9 1500 1200 7.34 1,305 5.62 7 1300 1000 10 8.16 821 5 1100 800 900 659 3 3,527 5 600 558
Slide 30: Consolidated Profit & Loss Summary & Cash Flow Highlights
Consolidated Profit & Loss Summary & Cash Flow Highlights (₹ lakhs) Particulars FY24 FY25 FY26 Revenues 3,526.94 8,968.47 9,021.30 Other Income 0.11 4.11 8.94 Total Income 3,527.05 8,972.58 9,030.24 Raw Material Expenses 2,651.69 7,244.37 6,961.41 Employee Costs 240.95 313.74 451.31 Other Expenses -
Slide 31: Balance Sheet — Recapitalised and Deleveraged Post-IPO
Balance Sheet — Recapitalised and Deleveraged Post-IPO Net worth vs total debt (₹ lakhs) 0.37x ₹713.97 Lakhs Net worth Total debt Cash & equivalents, 31 Mar Debt / equity, FY26 (FY25: 1.12x) 2026 (FY25: ₹112.22 Lakhs) 4,110 1,775 1,590 1,526 ₹8,038.25 Lakhs FY25 FY26 ₹52.29 Total assets Net asset va
Slide 32: Consolidated Balance sheet Summary
Consolidated Balance sheet Summary (₹ lakhs) Equities & Liabilities FY24 FY25 FY26 Assets FY24 FY25 FY26 Equity 414.38 436.09 786.10 Non-Current Assets Reserves And Surplus 356.49 1154.17 3,324.14 Fixed assets 292.10 1,183.55 1,109.87 Total Equity 770.87 1,590.26 4,110.24 Financial Assets 137.85 26.
Slide 33: Capital Market Snapshot & Shareholding
Capital Market Snapshot & Shareholding Share price, NSE High / low since Shareholding pattern — 31 Mar 2026 Market close 1 Jul 2026 capitalisation 78.61 listing (13 Mar 2026) 12.0x 2.4x Lakhs ₹135.00 ₹122 Cr ₹173 / ₹99 37.9 12.0x 78.61 Lakhs Price / earnings on Price / book Shares outstanding FY26 d
Slide 34: Why SPCON — The Investment Rationale
Why SPCON — The Investment Rationale ₹ 113 Cr order book plus fresh giving near-term revenue visibility 16.7% / 9.1% FY26 EBITDA and PAT margins — both at multi- year highs after a 481-bps H2 expansion 28.8% ROE with debt/equity down to 0.37x — growth can be funded without stressing the balance shee
Slide 35: Thank You
Thank You Srinibas Pradhan Constructions Limited Plot No. 813, Khata No. 106/548, Chhualiberna, Po-Belpahar (RS), Dist. Jharsuguda, Odisha – 768217. Email: info@srinibaspradhan.in Phone: +91 6645 25 1105 Website: www.srinibaspradhan.com Kirin Advisors Private Limited 713 B, Lodha Supremus II, Wagle
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