SRM Contractors Ltd (SRM)

SRM Contractors Ltd was incorporated on September 4 2008 as SRM Contractors Private Limited issued by the Registrar of Companies Jammu. Subsequently Company was converted to Public Company and the name of Company changed to SRM Contractors Limited pursuant to a fresh Certificate of Incorporation dated August 11 2023 issued by the Registrar of Companies Jammu. SRM Contractors are an Engineering Construction and Development ECD company engaged into construction of roads including bridges tunnels slope stabilisation works and other miscellaneous civil construction activities in the Union Territories of Jammu Kashmir and Ladakh. The Company undertake construction works both as an EPC contractor for infrastructure projects. It undertakes subcontracting assignments of infrastructure construction projects.As an EPC contractor their scope of services includes detailed engineering of the project procurement of construction materials plant and machinery construction and execution of the project and its operation and maintenance in accordance with the contractual provisions. Established in 2008 the Company has gradually increased execution capabilities in terms of the size of projects that they are now bidding for and executing. At present the Company is primarily bidding for construction of roads including bridges tunnel works slope stabilisation works and other miscellaneous civil construction activities in the Union Territories of Jammu Kashmir and Ladakh. The business of Company is segregated into the following independent business verticals comprising of Road Projects Tunnel Projects Slope Stabilization Works and Other Miscellaneous Civil Construction Activities. In the year 201314 Company completed Wideningof SakhiMaidanKalai Road in Dist. Poonch costing Rs. 7.74 Crores. In 201415 it completed a Road Project i.e. Construction of balance work of approach road from Kanthan to Dugga Village on the KatraDharam Section of USBRL Project Dist. Reasi in JK by KRCL costing Rs. 17.28 Crores. It held 51 shareholding in subsidiary Loran Valley Power Project Private Limited.Later on in 202021 the Company completed Tunnel Project and ancillary work on the KatraDharam Section of the UdhampurSrinagarBaramulla New BG Railway Line Project Jammu Kashmir by KRCL costing Rs. 32.26 Crores. In 202223 the Company completed a Tunnel Project i.e. construction of Tunnel T15 Part Tunnel T14 including Bridge No. 61 on KatraBanihal Section of UdhampurSrinagarBaramulla New BG Railway Line Project costing Rs. 168.76 Crores and thereafter it acquired 99 stake in SP Mangal Murti Enterprises Private Limited in 2023.The Company is proposing Initial Public Offering by issuing 6200000 Fresh Issue Equity Shares..

Share Price: ₹177.96 per share as on 28 Jun, 2024 04:01 PM
Market Capitalisation: ₹406.20Cr as of today
Revenue: ₹107.87Cr as on March 2024 (Q1 24)
Net Profit: ₹6.17Cr as on March 2024 (Q1 24)
Listing date: 03 Apr, 2024