BSE: 544158 | NSE: SRM | Engineering - Construction | Small Cap
Past 10 year’s financial track record analysis by Moneyworks4me indicates that SRM Contractors Ltd is a below average quality company.
The key valuation ratios of SRM Contractors Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of SRM Contractors Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'23 | Mar'24 | TTM | |
|---|---|---|---|
| ROCE % ⓘ | 28.2% | 25.1% | - |
| Value Creation Index ⓘ | 1.0 | 0.8 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||
| Sales ⓘ | 300 | 342 | 342 |
| Sales YoY Gr. | - | 14% | - |
| Adj EPS ⓘ | 11.4 | 13.2 | 9.7 |
| YoY Gr. | - | 16.3% | - |
| BVPS (₹) ⓘ | 38.1 | 51.3 | 100.1 |
| Adj Net Profit ⓘ | 19.1 | 22.2 | 22 |
| Cash Flow from Ops. ⓘ | 0 | 0 | - |
| Debt/CF from Ops. ⓘ | 0 | 0 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | NA | 14% | ||||
| Adj EPS ⓘ | NA | NA | NA | 16.3% | ||||
| BVPSⓘ | NA | NA | NA | 34.8% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'23 | Mar'24 | TTM | |
|---|---|---|---|
| Return on Equity % ⓘ | 29.9 | 23.5 | 12.8 |
| Op. Profit Mgn % ⓘ | 12.8 | 12.2 | 14.2 |
| Net Profit Mgn % ⓘ | 6.4 | 6.5 | 6.5 |
| Debt to Equity ⓘ | 0.7 | 0.6 | 0.1 |
| Working Cap Days ⓘ | 0 | 101 | 104 |
| Cash Conv. Cycle ⓘ | 0 | 19 | 68 |
No data to display
Return on Equity has declined versus last 3 years average to 12.80%
Sales growth has been subdued in last 3 years 0.00%
Net Profit has been subdued in last 3 years 0.00%
Sales growth is not so good in last 4 quarters at 7.21%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 9.7 | 11.8 |
| TTM Sales (₹ Cr.) | 342 | 342 |
| BVPS (₹.) ⓘ | 100.1 | 102.7 |
| Reserves (₹ Cr.) ⓘ | 207 | 213 |
| P/BV ⓘ | 3.14 | 3.06 |
| PE ⓘ | 32.54 | 26.76 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 148.00 / 329.00 |
| All Time Low / High (₹) | 148.00 / 314.00 |
| Market Cap (₹ Cr.) | 722 |
| Equity (₹ Cr.) | 22.9 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 35.9 |
| Pledged * | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'23 | Mar'24 |
|---|---|---|
| Sales | 300 | 342 |
| Operating Expenses ⓘ | 262 | 301 |
| Manufacturing Costs | 29 | 22 |
| Material Costs | 218 | 258 |
| Employee Cost | 10 | 13 |
| Other Costs ⓘ | 5 | 8 |
| Operating Profit ⓘ | 38 | 42 |
| Operating Profit Margin (%) | 12.8% | 12.2% |
| Other Income ⓘ | 1 | 3 |
| Interest ⓘ | 6 | 6 |
| Depreciation ⓘ | 8 | 9 |
| Exceptional Items ⓘ | 0 | 0 |
| Profit Before Tax ⓘ | 25 | 30 |
| Tax ⓘ | 6 | 8 |
| Profit After Tax | 19 | 22 |
| PAT Margin (%) | 6.4% | 6.5% |
| Adjusted EPS (₹) | 11.5 | 13.2 |
| Dividend Payout Ratio (%) | 0% | 0% |
| PARTICULARS | Mar'23 | Mar'24 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 64 | 86 | ||||||||
| Share Capital ⓘ | 17 | 17 | ||||||||
| Reserves ⓘ | 47 | 69 | ||||||||
| Minority Interest | 0 | 0 | ||||||||
| Debt | 37 | 39 | ||||||||
| Long Term Debt | 26 | 26 | ||||||||
| Short Term Debt | 12 | 13 | ||||||||
| Trade Payables | 11 | 32 | ||||||||
| Others Liabilities ⓘ | 24 | 74 | ||||||||
| Total Liabilities ⓘ | 136 | 231 | ||||||||
Fixed Assets | ||||||||||
| Gross Block | 69 | 79 | ||||||||
| Accumulated Depreciation | 30 | 39 | ||||||||
| Net Fixed Assetsⓘ | 39 | 40 | ||||||||
| CWIP ⓘ | 0 | 0 | ||||||||
| Investmentsⓘ | 9 | 10 | ||||||||
| Inventories | 10 | 27 | ||||||||
| Trade Receivables | 15 | 31 | ||||||||
Cash Equivalents  ⓘ
| 20 | 59 | ||||||||
| Others Assetsⓘ | 43 | 63 | ||||||||
| Total Assets ⓘ | 136 | 231 | ||||||||
| PARTICULARS | Mar'23 | Mar'24 |
|---|---|---|
| Cash Flow From Operating Activity ⓘ | 0 | 0 |
| PBT ⓘ | 0 | 0 |
| Adjustment ⓘ | 0 | 0 |
| Changes in Working Capital ⓘ | 0 | 0 |
| Tax Paid ⓘ | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | 0 | 0 |
| Capex | 0 | 0 |
| Net Investments | 0 | 0 |
| Others ⓘ | 0 | 0 |
| Cash Flow From Financing Activityⓘ | 0 | 0 |
| Net Proceeds from Shares ⓘ | 0 | 0 |
| Net Proceeds from Borrowing ⓘ | 0 | 0 |
| Interest Paid ⓘ | 0 | 0 |
| Dividend Paid ⓘ | 0 | 0 |
| Others ⓘ | 0 | 0 |
| Net Cash Flow ⓘ | 0 | 0 |
| PARTICULARS | Mar'23 | Mar'24 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 30.04 | 29.61 | ||||||||
| ROCE (%) | 28.24 | 25.07 | ||||||||
| Asset Turnover Ratio | 2.2 | 1.87 | ||||||||
| PAT to CFO Conversion(x) | 0 | 0 | Working Capital Days | |||||||
| Receivable Days | 19 | 25 | ||||||||
| Inventory Days | 13 | 20 | ||||||||
| Payable Days | 19 | 31 | ||||||||
The company was incorporated on September 4, 2008 as ‘SRM Contractors Private Limited’, a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated September 4, 2008 issued by the Registrar of Companies, Jammu. Subsequently, the company was converted to a public limited company, pursuant to a special resolution passed by the shareholders of the company at the extraordinary general meeting held on June 30, 2023 and the name of the company was changed from “SRM Contractors Private Limited” to “SRM Contractors Limited”, pursuant conversion from private to public company and a fresh certificate of incorporation dated August 11, 2023 issued by the Registrar of Companies, Jammu.
The company is an engineering construction and development company engaged primarily in the construction of roads (including bridges), tunnels, slope stabilisation works and other miscellaneous civil construction activities in the Union Territories of Jammu & Kashmir and Ladakh. It undertakes construction works both as an EPC contractor and on an item rate basis for infrastructure projects. The company also undertakes sub-contracting assignments of infrastructure construction projects. It has a track record of successful execution of road, tunnel and slope stabilization projects in the difficult terrain of union territories of Jammu & Kashmir and Ladakh. It has developed the expertise and know-how to undertake infrastructure construction projects in difficult terrains. The company has emerged as a key player in infrastructure construction industry in the Union Territories of Jammu & Kashmir and Ladakh and has developed technical capabilities to execute projects in hilly/ challenging terrain in the region.
The company is an ISO 9001:2015 certified company and it also registered as class A contractor with Public Work (R&B) Department, Jammu & Kashmir. As a result of the growth of the company’s road and tunnel construction business as well as the recent government initiatives and support to develop the infrastructure of union territories of Jammu & Kashmir and Ladakh, it has further forayed into executing other infrastructure projects such as standalone bridges, larger slope stabilisation works and other miscellaneous civil construction activities in order to capitalise on such rising opportunities. Recently, the company has also been awarded with a contract for slope stabilization work in the state of Uttarakhand.
As an EPC contractor, the scope of the company’s 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. Its manpower, resources and fleet of machinery and equipment, together with its engineering capabilities, enables it to execute a large number of projects simultaneously. Its resources, quality of work and project execution skills have enabled it to enhance its relationships with existing clients and helps it to further secure projects from new clients. It undertakes contracts independently or whenever required, through its project-specific joint ventures with other infrastructure and construction entities when a project requires it to meet specific eligibility requirements in relation to certain large projects, including requirements relating to particular types of experience. The company also undertakes sub-contracting assignments from third party major infrastructure and construction entities.
Business area of the company
The company is a construction and development company primarily engaged in the construction of roads (including bridges), tunnels, slope stabilization works, and other construction activities in the Union Territories of Jammu and Kashmir and Ladakh.
Major events and milestones:
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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