Slide 1: Stock exchange cover letter: Investor Presentation
Date:11-09-2025 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 – 400 051
Slide 2: SRM Contractors Limited Investor Presentation
SRM CONTRACTORS LIMITED Investor Presentation
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
Company Overview
Slide 5: Contents
Contents 01 Company Overview 02 Management Overview 03 Financial Highlights 1. About SRM Contractors Ltd 1. Background of Promoters 1. Recent Financial Performance – FY25 & 2. Business Overview - Scope of Services Q1FY26 2. Board of Directors 3. Primary Competitive Strengths 3. Key Managerial Person
Slide 6: 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 7: 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 8: Domain Expertise Across Diverse Business Verticals
Domain Expertise Across Diverse Business Verticals 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 structures, stabilization, including roads,
Slide 9: Building Blocks of SRM Contractors
Building Blocks of SRM Contractors
Slide 10: Resilient Business Model
Resilient Business Model Road & Bridges Tunnel Slope Other Civil Projects Projects Stabilization Construction Activities • The Roads division designs, constructs, • The Tunnel division The Slope Stabilization upgrades, and maintains designs and constructs division designs and builds • The company al
Slide 11: Investment Thesis
Investment Thesis 01 02 03 04 Critical Backward In-house Design and Strategic Project Expertise in Challenging Integration Engineering Capabilities Clustering Geographies The company's centralized With integrated The business model focuses A proven track record of procurement and equipment in-house
Slide 12: 1.1 Investment Thesis - Critical Backward Integration
1.1 Investment Thesis - Critical Backward Integration 300 machines including 100+ key assets like boomers, batching plants, Investment in Equipment hot-mix units, ready-mix concrete plants, stone crushers, and excavators. SRM had allocated ₹31.50 crore out of the ₹130.20 crore raised via fresh issue
Slide 13: 1.2 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: 1.3 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: 1.4 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 ROE and ROCE Post Tax FY23 FY24 FY25 -0.19x -0.21x 39% Book Book toRatio 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 F
Slide 17: Growth Outlook
Growth Outlook – In FY26 Revenue EBITDA Guidance Guidance Rs 900crores 20%+ PAT & PAT Margin Expected Guidance Order Inflow 9%+ ~1000+ cr order in FY26 16
Slide 18: Major Completed Projects
Major Completed Projects RS Wall Reasi, KRCL Chenani Sudhmahadev Cavern, Hanle, Ladakh, BRO At the heart of the Udhampur-Srinagar-Baramulla Chenani - Sudhmahadev NH-244 (Km 0 – 16.99) – Cavern, Hanle Ladakh - Strategic High - Altitude Cavern Rail Link (USBRL), SRM Contractors Ltd. Strengthening Conn
Slide 19: Major Ongoing Projects
Major Ongoing Projects Akhnoor-Poonch PKG VII, Slope Protection Work at Parwanoo - Solan Leh, Ladakh - India's Longest Precast Cut- BRO section of NH 5, Himachal Pradesh and-Cover Tunnel Strategic Project: SRM Contractors is upgrading the Critical Project: SRM Contractors is executing slope SRM has
Slide 20: Strategic Acquisition - 51% stake in Maccaferri Infrastructure Pvt. Ltd. (MIPL)
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 21: SRM Contractors – Strategic Priorities (Next 2–3 Years)
SRM Contractors – Strategic Priorities (Next 2–3 Years) Growth Focus: Disciplined expansion • Capability deepening • Superior execution Diversification into HAM Geographic & Segment Expansion 01 Selective bidding on quality HAM projects (predictable cash flows) 04 Consolidate in core infra states Ma
Slide 22: Management Overview
Management Overview
Slide 23: Promoters
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 Ashley Mehta is a Non-Executive Di
Slide 24: Key Managerial Personnel
Key Managerial Personnel Mr. Sanjay Sharma Mr. Yudhvir Gupta Mr. Sushil Kumar Sharma Independent Director Independent Director Independent Director Sanjay Sharma is an Independent Director Yudhvir Gupta is an Independent Director Sushil Kumar Sharma is an Independent appointed since September 11, 20
Slide 25: Key Managerial Personnel
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 Aashni Mahajan is the Chief Arun Mathur is the Company Secretary Chief Executive Officer of our Company. Financial O
Slide 26: Financial Highlights
Financial Highlights
Slide 27: Profit & Loss Statement
Profit & Loss Statement FYE March FY23 FY24 FY25 Revenue from Operations 300.3 342.4 528.1 Other Income 0.4 7.6 13.9 %yoy -15% 14% 54% Stocks Consumed 217.6 257.7 380.1 Direct Expenses 0.0 COGS 217.6 257.7 380.1 Gross Profit 82.7 84.7 148.0 Gross Profit Margin 28% 25% 28% Employee Benefit Expense 11
Slide 28: Financial Highlights - FY25 Balance Sheet (Consolidated)
Financial Highlights - Recent Performance - FY25 Balance Sheet (Consolidated) Particulars FY23 FY24 FY25 Particulars FY23 FY24 FY25 Equity and Liabilities ASSETS Shareholders Funds NON-CURRENT ASSETS Equity Share Capital 16.74 16.74 22.94 Property, Plant and Equipment 39.47 39.84 72.69 Other Equity(
Slide 29: Financial Highlights - Q4 & FY25 Cash Flow (Consolidated)
Financial Highlights -– Q4 & FY25 Cash Flow (Consolidated) FYE March FY23 FY24 FY25 Cash Flow From Operating Activities Net income 25.1 34.6 74.3 Adjustments for : Depreciation and amortisation expense 7.8 8.9 13.6 Operating Profit before Working Capital Changes 32.9 43.5 87.9 Cash Generated from Op
Slide 30: Analysis of Order Book as on 31st August 2025
Analysis of Order Book as on 31st August 2025 Arunachal MaharashtraPradesh 8% 2% Gujarat Slope Stabilization 17% 29% Uttarakhand 19% Himachal Pradesh 5% Roads and Odisha Bridges 3% 60% Tunnels 11% Leh 10% Jammu and Kashmir 36% Segment Amount (in INR crs) State Amount (in INR crs) Roads & Bridges 893
Slide 31: 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 32: SKM CONTRACTORS
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Slide 33: Thank You
THANK YOU © 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 entit