SRM Contractors

What SRM Contractors does

SRM Contractors Limited is an Indian EPC (Engineering, Procurement and Construction) infrastructure contractor headquartered in Jammu, Jammu & Kashmir, that was incorporated in 2008 and is publicly listed on the NSE under the ticker SRM (CIN: L45400JK2008PLC002933). The firm executes roads, tunnels, bridges, slope stabilization, and miscellaneous civil construction projects, with a distinctive specialization in extreme Himalayan terrain — including tunnel construction at 12,300 feet in Leh, a strategic underground cavern at 15,200 feet in Hanle for the Border Road Organization, and India's highest reinforced soil wall with railway loading at Reasi supporting the Chenab Rail Bridge.

The company's offering is organized around four core service verticals: Road Projects, Tunnel Projects, Slope Stabilization, and Miscellaneous Civil Construction. Its underlying technology stack is essentially physical-engineering rather than software: heavy specialized equipment, geotechnical methods (rock bolting, retaining structures, drainage, shotcrete, reinforced rock structures), and cut-and-cover/precast tunneling techniques tuned for high-altitude logistics. SRM monetizes exclusively through project-based EPC contracts awarded by government infrastructure authorities — notably NHAI, Maharashtra State Infrastructure Development Corporation, Maharashtra PWD, BRO, Konkan Railway, Northern Railway, Ircon International, and PWD Jammu — via competitive bidding, with contract values ranging from Rs 40 crore to Rs 4.83 billion and typical execution timelines of 12–18 months.

Revenue is recognized on milestone completion. SRM reported full-year FY 2025-26 sales of Rs 1,025.57 crore with net profit of Rs 111.02 crore (+101.85% YoY), and Q4 FY 2025-26 sales of Rs 445.75 crore (+95.87% YoY). The firm is 100% government-dependent, India-only, and operates with 1,001–5,000 employees under the leadership of Managing Director Puneet Pal Singh.

Name

SRM Contractors

Legal name

SRM Contractors Limited

Website

https://srmcpl.com

Company type

Public

Founded year

2008

Operating status

Operating

Headcount range

1,001–5,000 employees

Ownership category

akta.pro rank

Product category

Civil Engineering and Infrastructure EPC Services

NAICS

Heavy and Civil Engineering Construction (237)

SIC

Heavy Construction Other Than Bldg Const - Contractors (1600)

akta.pro primary industry

Self-Performing General Contractors (IMAFAAAI)

akta.pro secondary industry

Public Works General Contracting (IMAFAAAG)

Keywords

• Road construction services
• Tunnel construction services
• Slope stabilization engineering
• Mountain infrastructure EPC
• Civil construction contracting

Headquarters

HQ city

Jammu

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. EPC Contract Revenue: Engineering, Procurement and Construction contracts awarded by government infrastructure authorities. Revenue recognized upon project completion against milestones. Full-year sales of Rs 1,025.57 crore with net profit of Rs 111.02 crore for FY 2025-26.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

SRM Contractors Limited is an EPC (Engineering, Procurement and Construction) infrastructure contractor that builds roads, highways, tunnels, bridges and slope stabilization works for central and state government infrastructure authorities across India. Its operations are concentrated in northern and western India (Jammu & Kashmir, Ladakh, Himachal Pradesh and Maharashtra), with a recognized specialization in extreme-altitude and challenging mountain-terrain construction, including high-altitude tunnel work, strategic underground caverns for defense clients, and reinforced soil walls supporting railway infrastructure. Contracts are secured through competitive government tendering and executed as lump-sum EPC projects on 12-18 month delivery timelines.

Product overview

SRM Contractors Limited operates as an EPC (Engineering, Procurement and Construction) infrastructure contractor offering specialized construction services through four core service verticals: Road Projects, Tunnel Projects, Slope Stabilization, and Miscellaneous Civil Construction. The company has developed particular expertise in extreme mountain terrains of Jammu & Kashmir and Ladakh, earning recognition for its engineering marvels including India's highest reinforced soil wall with railway loading, a strategic high-altitude cavern for the Border Road Organization, and India's longest precast cut-and-cover tunnel. The product portfolio includes completed projects (Katra Flats, RE Wall Reasi, Sumber, Tunnel T5, Tunnel T41, Sidhra Photos) and ongoing projects (Chenani Sudh Mahadev), with recent contract awards from NHAI and Maharashtra PWD valued at over Rs 168 crore, plus a Rs 4.83 billion Nashik Ring Road contract.

Differentiator

Problem solved

Functional benefit

Products and services

• Road Projects Construction and execution of road infrastructure projects, including highway construction, road upgrades and road maintenance services across various terrains in India, delivered to government highway authorities under EPC contracts.
• Tunnel Projects Specialized tunnel construction services including excavation, lining and finishing for transportation infrastructure, with particular expertise in high-altitude and mountain tunnel construction, delivered under EPC contracts to government clients.
• Slope Stabilization Geotechnical engineering services for slope stabilization, including rock bolting, retaining structures, protection works and drainage measures to improve slope stability along highway corridors, delivered to government highway and infrastructure authorities.
• Miscellaneous Civil Construction General civil construction services including reinforced soil walls, flat construction and other infrastructure support activities, delivered under EPC arrangements to government clients across India.

Quantifiable outcome

• Revenue grew 95.87% YoY to Rs 445.75 crore in Q4 FY26
• +2 more outcomes

Named customers7 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered minor and core.

• Konkan RailwayminorOthersLogo displayed as client/partner on SRM Contractors website. Konkan Railway Corporation Limited is a government enterprise operating the Konkan Railway route.
• HCCminorOthersLogo displayed as client/partner on SRM Contractors website. Hindustan Construction Company is a major Indian construction conglomerate.
• ERAminorOthersLogo displayed as client/partner on SRM Contractors website.
• Ircon InternationalminorOthersLogo displayed as client/partner on SRM Contractors website. Ircon International is a government-owned railway construction company.
• PWD JammucoreOthersLogo displayed as client/partner. Jammu & Kashmir Public Works Department is a key government client for infrastructure projects.
• Northern RailwayminorOthersLogo displayed as client/partner on SRM Contractors website. Northern Railway zone of Indian Railways.

Scale indicators7 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• IRB Infrastructure Developers: Indian highway developer and EPC contractor with extensive NHAI/state highway project portfolio. Comparable to SRM in road construction core, large government contracts, and North/West India footprint.
• Patel Engineering: Indian EPC contractor with strong tunneling, hydropower, and heavy civil expertise. Comparable to SRM in tunneling execution capability, heavy civil complexity, and reliance on central/state government contracts.
• NCC Limited: Indian listed EPC firm executing highways, tunnels, buildings, and water projects for government clients. Highly comparable to SRM in customer type (public-sector tenders), contract structure (EPC), and product mix (roads and civil infrastructure).
• Ircon International: Government-owned railway and infrastructure EPC company; listed as both a peer/partner and customer-type comparator to SRM. Comparable in railway and tunnel construction focus and government contract pipeline.
• Afcons Infrastructure: Indian heavy civil EPC specialist in tunnels, bridges, marine works, and highways for government and rail clients. Comparable to SRM in self-performing tunnel/bridge capabilities and government-dominated order book.
• Dilip Buildcon: Listed Indian highway EPC contractor with a large road project portfolio for NHAI and state PWDs. Comparable to SRM in highway focus, competitive-bid EPC contracts, and similar scale/customer profile.
• PNC Infratech: Highway and infrastructure EPC contractor in India executing NHAI/state highway packages via competitive bidding. Closely comparable to SRM in highway project mix, government tendering model, and milestone-based revenue recognition.
• Sadbhav Engineering: Indian highway and irrigation EPC contractor working primarily on BOT/EPC government contracts. Comparable to SRM in highway EPC bidding, government counterparty exposure, and project execution model.
• Hindustan Construction Company (HCC): Major Indian infrastructure conglomerate executing heavy civil, tunneling, and hydropower EPC projects. Listed explicitly as a client/partner on SRM's site and is a directly comparable heavy civil EPC contractor in India with similar government-facing project mix.

Broad incumbents

• Larsen & Toubro (L&T): India's largest diversified EPC conglomerate with heavy civil, tunnels, bridges, and roads as well as many other verticals. Relevant as a broader incumbent bidding for the same large government packages SRM targets, offering scale and balance-sheet advantages SRM lacks.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/people/SRM-Contractors-Limited/61554309849366
• LinkedInlinkedin.com/company/27332665/admin/dashboard
• Instagraminstagram.com/srmcontractors_/?hl=en

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SRM Contractors