What we do SRM Contractors Ltd is an engineering and construction firm specializing in roads, bridges, tunnels, and slope stabilization in challenging terrains of Jammu & Kashmir and Ladakh. |
Founded in 2,008 |
Market share A leading infrastructure player in J&K and Ladakh, with increasing project size and a strong foothold in hilly terrain EPC segment. |
Problem solved Provides critical infrastructure in difficult, remote mountainous regions, overcoming geographic and climatic challenges for connectivity and development. |
Top clients or who we serve Government agencies like NHAI, NHIDCL, BRO, state governments; serving B2G sector especially in border and mountainous areas. |
Key management Sanjay Mehta (Chairman), Puneet Pal Singh (Managing Director) |
Our journey and innovations Established 2008; completed landmark projects including India's highest railway loading wall and longest Himalayan tunnel; expanded via strategic acquisitions. |
Where we operate Primarily Jammu & Kashmir, Ladakh, and expanding to other Indian states with difficult terrain; planning international expansion. |
Top products or what we offer EPC construction services for roads, bridges, tunnels, slope stabilization, and civil infrastructure, including maintenance and operation. |
Top brands SRM Contractors EPC projects; Maccaferri Infrastructure Pvt. Ltd. subsidiary excelling in geotechnical solutions. |
Raw materials needed Construction materials like aggregates, steel, concrete, geosynthetics. |
Raw materials supplier Local and national suppliers aligned with project requirements; Maccaferri for specialized geotechnical products. |
Recurring vs cyclical contribution Revenue mainly project-based and cyclical, driven by government infrastructure tenders and project execution phases. |
Our industry position Strong regional leader in mountainous infrastructure EPC with high barriers to entry and recognized for quality and reliability. |
Financial highlights FY25 revenue Rs 528 crore; PAT Rs 55 crore; EBITDA margin approx 15-17%; strong growth with ~35% revenue CAGR over 4 years. |
Geographical revenue split Majority revenue from Jammu & Kashmir, Ladakh; also Maharashtra, Uttarakhand, Gujarat, Himachal Pradesh, Odisha, Arunachal Pradesh. |
Order book Order backlog approximately Rs 1424 crore as of December 2025. |
Whats driving growth Government focus on border connectivity, high-entry barrier expertise, strategic acquisitions, and expanding geographic footprint. |
Our future plans Capex of Rs 90-95 crore in FY26; expand into Hybrid Annuity Model projects and international markets like GCC and Africa. |
Our green promise Engages in sustainable engineering practices with focus on slope stabilization and environmental safety in sensitive regions. |
Our people and values 300+ professionals, emphasis on technical skill and safety; fosters inclusive, transparent workplace culture. |
Key challenges ahead Execution risks in difficult terrain, regulatory delays, project cost overruns, competition for large government contracts. |
Interesting facts Built India’s highest railway loading wall and longest precast cut-and-cover tunnel in Himalayas; multiple industry awards. |
Risks and strategy Mitigates risks through selective bidding, regional expertise, financial prudence and strong project management practices. |
