SRM Contractors share price today

SRM Contractors Ltd's share price was ₹379.25 at the close on 4 November 2026. It has been falling for 6 weeks. That is 17.3% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹349 and ₹634, and at that close it sat 11% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today SRM Contractors Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 18 weeks running.

Over the last 2.6 years the share price moved +66% while the NIFTY 500 moved +5%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 10 July 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: revenue up on a year earlier for 7 quarters in a row, profit up on a year earlier for 7 quarters in a row and operating margin up 5 points on a year earlier.

1. Revenue up on a year earlier for 7 quarters in a row

   In the June 2026 quarter revenue was ₹196 crore, +38% on a year earlier.

2. Profit up on a year earlier for 7 quarters in a row

   In the June 2026 quarter profit was ₹20 crore, +53.8% on a year earlier.

3. Operating margin up 5 points on a year earlier

   19% in the June 2026 quarter, from 14%.

For April to June 2026 (the quarter ended 30 June 2026), SRM Contractors reported revenue of ₹196 crore, up 38.0% from ₹142 crore a year earlier, and a profit of ₹20.0 crore, up 53.8% from ₹13.0 crore.

SRM Contractors results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

The newest call in our records is from 27 May 2026, about January to March 2026; a call about these results is not in our records yet.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

SRM Contractors closed at ₹379.25 on 4 November 2026, down 33.9% from ₹573.70 a year earlier (7 November 2025). Its highest weekly close since April 2024 was ₹634.10 on 14 November 2025.

SRM Contractors share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

143 weekly closes from 5 April 2024 to 4 November 2026.

4 Nov 2026: SRM Contractors closed at ₹379.25, down 6.7% on the week and down 4.9% on the month. Results for April to June 2026: Revenue up 38.0% and profit up 53.8% on a year earlier.

Earlier

• 27 May 2026: SRM Contractors held its results call for January to March 2026. Management guided: FY27 consolidated revenue ₹1,500-1,750 crore (45-55% growth)

SRM Contractors has paid no dividend on the NSE since its first NSE close in our records (5 April 2024), the start of the period we checked.

No. SRM Contractors Ltd paid out 0% of its profit as dividends in each of its last 6 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate.

From the NSE corporate-actions record, read 5 November 2026.

On the call for January to March 2026, held on 27 May 2026, SRM Contractors' management guided: FY27 consolidated revenue ₹1,500-1,750 crore (45-55% growth)

“Three years down the line, we should be at roughly 3,000 crore in top line”Sanjay Mehta, on the call for January to March 2026

What management guided

• FY27 operating margin 16-18%.
• FY27 profit margin 8.75-10.25%.
• FY27 order inflow goal ₹2,000 crore.
• Year-end FY27 order book ₹4,000 crore+.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for January to March 2026, 27 May 2026. The April to June 2026 results are out since, so this part may be out of date until we update it.

When SRM Contractors reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Materialization of pending bids (₹1,600 crore awaiting results): Expected breakthroughs on tunnel projects in Ladakh by late May or early June; watch for order inflow magnitude, margin profile, and contribution to ₹4,000 crore year-end order book goal.

SRM Contractors is not on any of our India lists this week.

SRM Contractors Ltd earned ₹20.0 Cr of net profit in the Jun 2026 quarter, +53.8% on the same quarter a year earlier. That is the 7th quarter in a row of profit growth. Full-year FY26 profit was ₹111 Cr. Over 5 years profit has grown 69.2% a year on average. That is 10.2% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹13.0 Cr.

For the full year, FY26 profit was ₹111 Cr (+101.8% on the year before).

Why profit moved: revenue changed +38.0% on a year earlier and the margin moved +5.0 percentage points. Most of the change came from keeping more of each sale.

On average over the last four quarters, profit changed +82.2% and revenue +76.1%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

SRM Contractors Ltd reported ₹196 Cr of revenue in the Jun 2026 quarter, +38.0% on the same quarter a year earlier. That is the 7th quarter in a row with growth on the year before. Over 5 years it has grown 45.0% a year on average. The last full year, FY26, came in at ₹1,026 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹1,079 Cr.

FY26 revenue was ₹1,026 Cr, +94.3% on the year before.

Recent pace: the last four quarters grew +76.1% on average, against 45.0% a year over the longer run, so this year is growing faster than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +75.4%, against +73.6% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +87.3%, against +105.3% a year (rolling over).

SRM Contractors Ltd's operating margin was 19.0% in the Jun 2026 quarter, 5.0 percentage points higher than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 6 years it has been between 10.0% and 16.0%. The latest quarter is above every full year in that period.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +5.1 percentage points on the year while gross margin changed +6.2 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

As noted under valuation: when margins are at a record, every ratio built on profit looks better than usual, so a low multiple can mislead.

Over the last 3 years, 31% of SRM Contractors Ltd's reported profit came in as cash from its operations, a gap worth watching. In FY26 it brought in ₹92.0 Cr of operating cash against ₹111 Cr of profit. After ₹188 Cr of spending on assets, free cash was −₹96.0 Cr: it spent more than its operations brought in.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 31% of profit came in as cash: the cash cycle got 105 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives. When less than 70% of profit comes in as cash, it is the thing to watch on this page.

What to look at next: less of the profit turns into cash than it should, and the cash cycle is 105 days longer. The next section looks at where the cash is stuck.

SRM Contractors Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 33 days in FY26, up from −72 days in FY21. It spent ₹251 Cr on assets over the last 3 years. Customers take 33 days to pay, and stock sits for 31 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹1,026 Cr, each day of that cycle ties up about ₹2.8 Cr, so roughly ₹93.0 Cr is tied up in the business at any time.

FY26: customers took 33 days to pay and stock sat for 31 days, about 1.0 months of sales sitting as stock, for a full cycle of 33 days, longer than FY21's −72.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 31 days. Customers pay about 33 days after that. Suppliers are paid at 197 days. Together that makes the 33-day cycle.

Spending on assets: ₹251 Cr over the last 3 years, against ₹40.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹0.0 Cr (FY26): assets paid for that are not earning yet.

In short: cash is getting stuck in the daily cycle, so watch the cycle more than the profit.

SRM Contractors Ltd's P/E is 7.4×, about the lowest it has ever been. Its usual P/E (the middle reading) is 19.6×, over 2.6 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

Keep one thing in mind: margins are the best this company has ever reported. A multiple that looks low against its own past can mislead when profit is at a record. If margins fall back, today's multiple is higher than it looks.

Why the multiple is where it is: over the past year earnings per share moved +101.9% while the price moved −33.9%. Earnings did better than the price, which pulled the multiple down within its own range.

In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple.

SRM Contractors Ltd's business is giving mixed signals. Growth is slowing from a very fast pace: revenue growth has eased from +100.0% at its peak to +38.0% (from single-quarter figures), but the business is still expanding, with ROCE steady at 44.0%. This is based on 11 quarters of 3 measures, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: when the lines disagree, each line above matters more than any single label.

One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result.

This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

SRM Contractors Ltd earned a ROCE of 37% in FY26. That is up from a low of 28% in FY24. Its return on capital used (ROIC) is 16.8 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 10.8% net margin and 1.03× asset turnover (sales divided by assets).

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

Why the return is what it is (FY26): a 10.8% net margin × 1.03× asset turnover × 2.68× leverage (assets divided by equity) ≈ 29.8% on equity. The margin does its share; borrowing is a big part of it.

The key test, return on capital used minus the cost of capital: 28.8% − 12.0% = +16.8 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. A gap this wide means each rupee put back into the business creates more than a rupee of value.

SRM Contractors Ltd has total debt of ₹135 Cr against shareholder equity of ₹413 Cr as of Jun 2026, so its debt is 0.33× its equity. Year by year, that ratio went from 0.75 in FY23 to 0.33 in FY26. Keep that borrowing in mind when reading the returns on this page.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

Domestic institutions cut their stake in SRM Contractors Ltd by 4.4 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 0.4% of the company. Promoters moved −0.3 points over the same period, to 72.6%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Domestic institutions: −4.4 points over 8 quarters, to 0.4%; Promoters: −0.3 points over 8 quarters, to 72.6%; Foreign institutions: −0.2 points over 8 quarters, to 0.1%.

Why the owners changed: domestic institutions drove it (−4.4 points). They reduced their stake.

For SRM Contractors Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

64.4 out of 100, rank 1 of 16 in Construction - Civil/Turnkey, with 79% of the evidence available.

SRM Contractors Ltd scores 64.4 out of 100 against the 16 companies it is compared with in Construction - Civil/Turnkey, ranking 1. Earnings are strong; relative strength in its sector is -16.1% and the one-year return is -28.9%.

The four parts add up to the total exactly: 28.1 + 20.4 + 11.3 + 4.6 = 64.4. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

SRM Contractors ranks 1 of 16 Construction - Civil/Turnkey companies on the 4-Factor Sector Score, with 64.4 out of 100.

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: Construction - Civil/Turnkey, all 16 compared on one page.

SRM Contractors is the 7th largest of 16 Construction - Civil/Turnkey companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: GHV Infra Projects, Rajesh Power Services and B.L.Kashyap & Sons. Just below it: Sathlokhar Synergys E&C Global, Gayatri Projects and Effwa Infra & Research.

Construction - Civil/Turnkey companies close in size

4. GHV Infra Projects Ltd ₹2,027 crore
5. Rajesh Power Services Ltd ₹1,495 crore
6. B.L.Kashyap & Sons Ltd ₹1,175 crore
7. SRM Contractors Ltd ₹932 crore
8. Sathlokhar Synergys E&C Global Ltd ₹929 crore
9. Gayatri Projects Ltd ₹880 crore
10. Effwa Infra & Research Ltd ₹784 crore

All 16 Construction - Civil/Turnkey companies, largest first

Companies close in size in other industries

1638. STEL Holdings Ltd ₹935 crore · Finance & Investments - Others
1639. Rajoo Engineers Ltd ₹934 crore · Engineering - Heavy - Plastic Machinery
1640. SRM Contractors Ltd ₹932 crore
1641. Master Trust Ltd ₹930 crore · Finance & Investments - Others
1642. Onida Electronics Ltd ₹929 crore · Consumer Electronics

Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

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