Srinibas Pradhan ConstructionsShare price, financial results, shareholding and management
- Market cap
- ₹168 cr
- Stock P/E
- 20.5peers 16.9
- Book value
- ₹52.3
- Price to book
- 4.09
- EV / operating profit
- 11.8
- Market cap to sales
- 1.86
- ROCE · FY26
- 28.6%
- ROE · FY26
- 28.8%
- ROE, 3-year average
- 51.0%
- Operating margin · FY26
- 16.6%peers 13.4%
- Sales growth, 3 years
- 50.7%
- Profit growth, 3 years
- 76.6%
- Debt to equity
- 0.37peers 0.44
- Borrowings
- ₹15.3 cr
- Interest cover
- 7.2×
- Cash from business / op. profit
- -34%
- Debtor days
- 155
- Pledged
- 0.00%
- Promoter holding
- 62.10%
- Change in promoter holding
- -
- Shareholders
- 136
- High / low since listing
- ₹230 / ₹99
- Dividend yield
- 0.00%
- Face value
- ₹10
Tap or hover on any figure for what it means. Our arithmetic on reported figures, at the latest close.
Srinibas Pradhan Constructions share price chart
Close on 6 Nov 2026 · -4.98% on the day · Vol 1,200
Daily prices to 6 Nov 2026, adjusted for splits and bonuses. Closing prices only: check the exchange for the live price.
Share price returns
To the close of 6 Nov 2026
- 1 month
- +18.8%
- 3 months
- +40.1%
- 6 months
- +73.7%
- Since IPO
- +118.2%
- Traded a day, 20 days
- ₹0.11 cr
- Taken for delivery
- 87%
Business growth
Sales and net profit, from the reported results
| Sales | Profit | |
|---|---|---|
| FY26 on FY25 | +1% | +25% |
| 3 years, a year | +51% | +77% |
| Latest half, H2 FY26 | -18% | +32% |
About Srinibas Pradhan Constructions: business, products and customers
Srinibas Pradhan Constructions builds roads, bridges, steel structures and factory buildings in Odisha, winning the work through tenders from government bodies, public sector companies and private firms. Its shares trade on NSE Emerge.
Srinibas Pradhan Constructions, based in Jharsuguda, Odisha, builds rural, district and town roads, bridges, steel sheds and industrial buildings, and also earns a little from maintenance work and renting out its machines. All of its work is in Odisha, and it wins contracts by bidding in tenders, often as a sub-contractor to other firms.
The business began in 2001 as a proprietorship of Srinibas Pradhan; the company was formed in 2020, and in 2024 a wholly owned subsidiary, Srinibas Pradhan Infra, took over the proprietorship's business. The Odisha Works Department has since raised the company's contractor registration to A Class and the subsidiary's to Special Class, which lets the group bid for larger jobs.
Read more about the business
The company listed on NSE Emerge on 13 March 2026. Since then the subsidiary has won a road job in Jharsuguda district and an order from NTPC for a connecting road at its Darlipali plant.
From the red herring prospectus (February 2026), the FY26 annual report, the June 2026 press release and the company's exchange announcements of March, May and July 2026.
Read the deeper study ↓In its favour
- Sales have grown very fast: 51% a year over three years.
- It earns a high return on the money it uses: ROCE 29% in FY26.
- The promoters own a large part of the company: 62.10%.
To watch
- Delivery of the NTPC connecting road order, due between May and November 2026 (Exchange announcement, 16 May 2026, p.2).
- Use of the ₹6.6 cr of issue money still unspent for working capital at March 2026 (Annual report FY26, p.47).
- Collection of money owed by customers, which slowed sharply in FY26 (Annual report FY26, p.48).
- Work billed to the Managing Director's proprietorship, which fell to ₹7.9 cr in FY26 from ₹34.6 cr (Annual report FY26, p.113).
- It paid no dividend in the past year.
From the company's documents first, then the reported figures read by fixed rules, the same for every company. Facts, not a view on the shares.
Srinibas Pradhan Constructions revenue and profit growth
Half-yearly results · Profit and lossSales have grown very fast. Last year profit grew faster than sales, so the company kept more from each rupee of sales.
SME companies report every six months. In the latest half, sales were lower than in the same half a year before. Profit grew faster than sales.
Srinibas Pradhan Constructions half-yearly results
SME companies report every six months · ₹ crore
| H2FY25 | H1FY26 | H2FY26 | |
|---|---|---|---|
| Sales | 54.27 | 45.59 | 44.63 |
| Expenses | 47.94 | 37.95 | 37.29 |
| Operating profit | 6.33 | 7.64 | 7.34 |
| OPM | 11.7% | 16.8% | 16.4% |
| Interest | 0.90 | 0.98 | 0.80 |
| Depreciation | 1.32 | 1.14 | 1.12 |
| Profit before tax | 4.15 | 5.56 | 5.46 |
| Net profit | 3.10 | 4.11 | 4.10 |
Srinibas Pradhan Constructions profit and loss
Full years to March, FY22 to FY26 · ₹ crore, consolidated where reported
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Sales | 4.31 | 26.35 | 35.27 | 89.68 | 90.21 |
| Expenses | 4.12 | 24.23 | 29.69 | 76.45 | 75.24 |
| Operating profit | 0.19 | 2.12 | 5.58 | 13.23 | 14.98 |
| OPM | 4.4% | 8.1% | 15.8% | 14.8% | 16.6% |
| Other income | 0 | 0 | 0.02 | 0.04 | 0.09 |
| Interest | 0 | 0 | 0.27 | 1.77 | 1.77 |
| Depreciation | 0.02 | 0.13 | 0.57 | 2.70 | 2.27 |
| Profit before tax | 0.17 | 1.99 | 4.76 | 8.80 | 11.03 |
| Tax rate | 23.5% | 25.1% | 25.4% | 25.1% | 25.6% |
| Net profit | 0.13 | 1.49 | 3.55 | 6.59 | 8.21 |
| EPS ₹ | 43.33 | 158.85 | 8.57 | 15.11 | 13.33 |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Earnings per share before FY24 is on the share count of that time, before later bonus or share issues, so it does not compare with the years after.
Srinibas Pradhan Constructions profitability
Margins and returns on capitalLast year the company kept about as much from each rupee of sales as the year before. It earns a high return on the money it uses.
Operating margin, every year
Per cent of sales kept before interest, depreciation and tax
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Operating margin | 4.4% | 8.1% | 15.8% | 14.8% | 16.6% |
| Tax rate | 23.5% | 25.1% | 25.4% | 25.1% | 25.6% |
| ROCE | · | 127.2% | 82.1% | 49.5% | 28.6% |
| ROE | · | 106.0% | 68.5% | 55.8% | 28.8% |
| Dividend payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Srinibas Pradhan Constructions debt and cash flow
Balance sheet · Cash flow · Working capitalThe company's own money, its net worth, has grown fast. Its loans are smaller than its own money. Last year the business used more cash than it brought in. It spent more on assets and investments than the business brought in, and raised the rest from loans or shares. Customers take longer to pay than they did in FY24, which ties up more of the company's money in unpaid bills.
Bars below the line are cash going out.
Srinibas Pradhan Constructions balance sheet
At each 31 March · ₹ crore
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Equity capital | 0.03 | 0.09 | 4.14 | 4.36 | 7.86 |
| Reserves | 0.12 | 2.57 | 3.57 | 11.55 | 33.24 |
| Net worth | 0.15 | 2.66 | 7.71 | 15.91 | 41.10 |
| Borrowings | 0.32 | 0 | 1.88 | 17.25 | 15.26 |
| Other liabilities | 3.28 | 3.83 | 11.23 | 22.60 | 24.02 |
| Total liabilities | 3.75 | 6.49 | 20.82 | 55.76 | 80.38 |
| Fixed assets | 0.46 | 0.73 | 2.92 | 11.84 | 11.10 |
| Capital work in progress | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 1.76 | 0 | 0 |
| Other assets | 3.29 | 5.76 | 16.14 | 43.92 | 69.28 |
| Receivables | · | · | · | · | 38.41 |
| Inventory | · | · | · | · | 16.16 |
| Cash | · | · | · | · | 7.14 |
| Trade payables | · | · | · | · | 17.22 |
Srinibas Pradhan Constructions cash flow
₹ crore
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Cash from operations | 0.26 | -0.34 | 2.76 | -13.79 | -5.09 |
| Cash from investing | -0.48 | -0.41 | -5.89 | -1.73 | -1.75 |
| Cash from financing | 0.32 | 0.70 | 3.14 | 15.60 | 13.51 |
| Net cash flow | 0.10 | -0.05 | 0.01 | 0.08 | 6.67 |
| Capital spending | · | · | · | · | 1.66 |
Working capital
Days
| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Debtor days | 179 | 29 | 68 | 122 | 155 |
| Inventory days | 96 | 39 | 127 | 83 | 85 |
| Days payable | 634 | 101 | 212 | 170 | 90 |
| Cash conversion cycle | -359 | -32 | -18 | 36 | 150 |
| Working capital days | -9 | 26 | 24 | 25 | 89 |
Srinibas Pradhan Constructions peers and competitors
Listed SME companies in the same industryBy sales, Srinibas Pradhan Constructions is number 43 of the 58 listed SME companies in construction.
Each company's latest full year and its latest close; companies the exchange puts in the same industry, whose businesses can differ a good deal. A list, not a comparison of their shares.
| Company | Market cap ₹ cr | P/E | Sales ₹ cr | Profit ₹ cr | Op. margin | Debt/equity |
|---|---|---|---|---|---|---|
| GRE Renew Enertech | 336 | 28.0 | 115 | 12 | 13.0% | 0.03 |
| Paluck Technologies | 87 | 6.2 | 111 | 14.1 | 22.6% | - |
| Jayant Infratech | 130 | 16.3 | 111 | 8 | 10.0% | 0.56 |
| Rulka Electricals | 52 | 15.7 | 110 | 3.3 | 5.1% | 0.13 |
| Valplast Technologies | 78 | 8.7 | 102 | 9 | 19.0% | 0.31 |
| Infrax Renewable | 174 | 17.4 | 93 | 10 | 16.0% | 0.44 |
| Readymix Construction Machinery | 63 | 8.4 | 90.6 | 7.5 | 13.9% | 0.25 |
| Srinibas Pradhan Constructions | 168 | 20.5 | 90.2 | 8.2 | 16.6% | 0.37 |
| Sai Urja Indo Ventures | 146 | 34.4 | 85.1 | 4.2 | 7.7% | 0.60 |
| Oneindig Technologies | 140 | 23.0 | 71.1 | 6.1 | 17.5% | 2.23 |
| Promax Power | 39 | 45.1 | 70.7 | 0.9 | 4.5% | 0.97 |
| Median of the 10 others | 109 | 16.9 | 97.5 | 7.7 | 13.4% | 0.44 |
Srinibas Pradhan Constructions shareholding pattern
Promoters, FIIs, DIIs, HNIs and small holdersThe promoters own more than half the company. Big foreign and Indian funds own very little.
Srinibas Pradhan Constructions shareholding pattern
Per cent of shares, from the patterns filed with the exchange. Tap + to see everyone holding 1% or more in that group. HNIs and small holders show only where the pattern was filed in full.
| Mar 26 | |
|---|---|
| Promoters | 62.10% |
| HNIs (over ₹2 lakh each) | 13.76% |
| Small holders (up to ₹2 lakh) | 6.07% |
| Companies and others | 18.07% |
| Number of shareholders | 136 |
The named holders are at 31 March 2026, beside 12 March 2026, each under the group the pattern files them in.
Srinibas Pradhan Constructions study: the business from its own documents
Read from 5 of the company's own documentsSrinibas Pradhan Constructions so far
From the company's own record
- 13 March 2026Listed on NSE Emerge at ₹98
- 31 March 2026Promoters at 62.10%
- 6 Nov 2026Highest close since listing, ₹213.80
Srinibas Pradhan Constructions key facts from the filings
Each figure with the document it comes from
- Order book
- ₹184.1 cr
- Unbilled work in hand for the group on 15 February 2026, about two years of FY26 sales.Red herring prospectus, p.174; Reported results; our arithmetic
- Contractor class
- A and Special
- Odisha Works Department registrations, raised from B to A Class for the company and from A to Special Class for the subsidiary, valid to March 2028.Press release, 2 Jun 2026, p.3
- NTPC order
- ₹8.2 cr
- Connecting road at NTPC's Darlipali plant, to be done between May and November 2026.Exchange announcement, 16 May 2026, p.2
- Road job in Jharsuguda
- ₹4.2 cr
- Lowest bidder status for a rural road under a state scheme, before a formal award.Exchange announcement, 16 Mar 2026, p.1 and p.2
- Top customer
- 38.57%
- Share of FY25 revenue from one customer; the top five gave 88.17% and the top ten 97.73%.Red herring prospectus, p.52
Show 5 more facts
- Sales to the MD's firm
- ₹34.6 cr
- FY25 sales to M/s Srinibas Pradhan, the Managing Director's proprietorship; ₹7.9 cr in FY26.Red herring prospectus, p.46; Annual report FY26, p.113
- Government work
- 8.81%
- Share of FY25 revenue from government bodies and public sector companies; the rest came from firms, companies and individuals.Red herring prospectus, p.164
- Sub-contracts
- 45.64%
- Share of FY25 revenue from work sub-contracted to the company by others, down from 62.76% in FY24.Red herring prospectus, p.164 and p.165
- Issue money unused
- ₹6.6 cr
- Money raised for working capital still unspent at 31 March 2026, out of ₹11.6 cr set aside.Annual report FY26, p.47; Exchange filing, 23 Jul 2026, p.2
- Bank guarantees
- ₹5.3 cr
- Guarantees given to customers and authorities for contract performance at March 2026, up from ₹3.2 cr.Annual report FY26, p.111
What the company said, and what happened
The company's own statements, attributed, set against what it later reported; not newboard's estimates
The company says its order book for the group stood at ₹184.1 cr on 15 February 2026, and that its higher contractor classes let it bid for larger government tenders. In its June 2026 press release the Managing Director said the company would focus on building its order pipeline and improving execution. It says the money still unspent from the share issue will go to working capital.
Is it a good business? Six questions
Each answer is about that one question, read from the documents; tap one for the evidence. Not a view on the shares.
Srinibas Pradhan Constructions earns its money building roads, bridges and industrial buildings in one state, winning jobs by bidding and keeping the gap between the bid and its cost.
Its weak spots are that a few customers, one of them the Managing Director's own firm, have given most of the work, and that customers have been slow to pay as the business grew.
WatchCan it set its own prices?No. Work is won by bidding at a fixed price, and the company bears the loss if costs rise beyond the bid.
AverageHow strong is it against rivals?Its higher contractor classes, owned machines and long record in Odisha help it qualify for tenders, but many contractors compete for the same work.
WatchWho are its customers?A handful of customers give nearly all the revenue, all in Odisha, and the largest in FY25 was the Managing Director's own proprietorship firm.
WatchDoes it need a lot of money?Yes. Money owed by customers and stock on site have grown much faster than sales, and the business has needed bank guarantees and fresh equity to keep going.
AverageCan it keep finding new work?It has an order book covering about two years of sales and has kept adding jobs, but each one must be won again by tender.
WatchDo good and bad years swing a lot?Sales have jumped and stalled from year to year, and the kind of work done has changed sharply, depending on which few contracts are running.
Who runs Srinibas Pradhan Constructions?
Promoters, directors and officers; tap a name for the background
SPSrinibas PradhanPromoter and Managing Director · holds 33.22%
A founder of the company and a director since it was formed in September 2020; Managing Director since March 2024. Set up the proprietorship M/s Srinibas Pradhan in 2001 and has 24 years of experience planning and managing infrastructure and construction projects. Education: 10th pass.
Red herring prospectus, p.223, p.226 and p.241; shareholding pattern, March 2026RPRamakanta PradhanPromoter, Chairman and Whole-Time Director · holds 28.88%
A founder and the company's first director in September 2020; Chairman and Whole-Time Director since March 2024. Has 28 years of business experience in infrastructure and construction, earlier worked in the Belpahar Municipality, and now handles bidding, dealings with departments and finances. Education: 12th pass. The prospectus states that Ramakanta Pradhan and Srinibas Pradhan are brothers.
Red herring prospectus, p.223, p.226, p.227 and p.240; shareholding pattern, March 2026JPJyotshna PradhanPromoter and Non-Executive Director
Holds a B.A. from Sambalpur University, with over eight years in ash brick and paver block production, quality control and inventory, and in renting out construction equipment. On the board since March 2024. The prospectus states that Jyotshna Pradhan is the wife of Srinibas Pradhan.
Red herring prospectus, p.224, p.226, p.227 and p.241BNBiranchi Narayan HotaIndependent Director
Holds a postgraduate diploma in sericulture from the Central Silk Research and Training Institute, Mysore, with over 41 years in the Odisha government in sericulture and urban local bodies. On the board since April 2024.
Red herring prospectus, p.224 and p.226PSPrithiwiraj SingdeoIndependent Director
Holds a B.Com and an LLB, with 26 years of legal experience. On the board since April 2024.
Red herring prospectus, p.225Srinibas Pradhan Constructions latest news and announcements
Announcements · Documents · Corporate actionsWhat changed recently
Each half-year is set against the same half a year earlier
- H2 FY26: sales ₹44.6 cr (-18%), net profit ₹4.1 cr (+32%) on H2 FY25.
Srinibas Pradhan Constructions announcements
27 on record, latest first; each opens the filing on the exchange
- Shareholders meetingSrutinizers report of Annual General Meeting held on September 30, 2026. Further, the company has informed the Exchange regarding voting resultsPDF ↗
- Shareholders meetingProceedings of Annual General Meeting held on September 30, 2026PDF ↗
- Trading WindowClosure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015PDF ↗
- Analysts/Institutional Investor Meet/Con. Call UpdatesPost-Intimation of Investor/Analyst Meet held on 16th September, 2026PDF ↗
- Investor PresentationInvestor PresentationPDF ↗
- Analysts/Institutional Investor Meet/Con. Call UpdatesSchedule of meet investor meeting to be held on 16th September, 2026PDF ↗
- Copy of Newspaper PublicationNotice published by way of an advertisement in respect of 6th Annual General Meeting(AGM) of the CompanyPDF ↗
- Record Datethat Record date for the purpose of Meeting is 23-Sep-2026PDF ↗
- Shareholders meetingNotice of Annual General Meeting to be held on September 30, 2026PDF ↗
- Reply to Clarification- Financial resultsThe Exchange had sought clarification from Srinibas Pradhan Constructions Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (LPDF ↗
- Structural Digital DatabaseSDD Compliance Certificate for the quarter ended June 30, 2026PDF ↗
- Certificate under SEBI (Depositories and Participants) Regulations, 2018Certificate under SEBI (Depositories and Participants) Regulations, 2018PDF ↗
Srinibas Pradhan Constructions annual reports, earnings calls and documents
Every document links to its source; “read” marks those this page is built from
- Offer document ↗read
Srinibas Pradhan Constructions share split, bonus and dividends
From the corporate actions the company announces on the exchange
No share split, bonus issue or dividend is on record since listing.
Checks we ran on Srinibas Pradhan Constructions' data · 10
Before any number shows, it goes through the same checks. A figure that fails is held back, never shown as if it were right.
- iThe shares traded on only 105 days in the past year, so the price, its range and the returns here rest on few trades.
- ✓Balance sheet totals add up for FY25 and FY26.
- ✓Market cap uses the share count in the latest shareholding pattern (78,60,997 shares).
- ✓The share capital in the FY26 results matches the share count in the shareholding pattern.
- ✓Promoter pledge figures are within possible limits in every shareholding pattern shown.
- ✓Promoter and public holdings add up to 100% in every shareholding pattern shown.
- ✓The two half-years of FY26 add up to the full-year sales.
- !Earnings per share changes basis between FY22 (₹43.33) and FY23 (₹158.85) because the share count behind it changes; EPS is shown as reported, and growth is worked out on profit.
- ✓Revenue and profit are reported for every year shown, FY22 to FY26.
- iPrices run to the close on 12 Oct 2026, from the exchange's daily figures.
Questions people ask about Srinibas Pradhan Constructions
What does Srinibas Pradhan Constructions do?
Srinibas Pradhan Constructions builds roads, bridges, steel structures and factory buildings in Odisha, winning the work through tenders from government bodies, public sector companies and private firms. Its shares trade on NSE Emerge.
What is the share price of Srinibas Pradhan Constructions?
₹214 at the close on 6 Nov 2026, from the exchange's daily figures.
What is the market cap of Srinibas Pradhan Constructions?
₹168 cr at the close on 6 Nov 2026, on 78,60,997 shares.
What is the P/E of Srinibas Pradhan Constructions?
20.5 times FY26 profit at the close on 6 Nov 2026 (our arithmetic).
What are Srinibas Pradhan Constructions' revenue and profit?
Revenue ₹90 cr and profit after tax ₹8 cr in FY26.
Who are the promoters of Srinibas Pradhan Constructions?
Srinibas Pradhan, Ramakanta Pradhan, Jyotshna Pradhan; promoters held 62.10% at 31 March 2026.
What was the IPO price of Srinibas Pradhan Constructions?
₹98 a share; it listed on 13 March 2026.
What is Srinibas Pradhan Constructions' website?
www.srinibaspradhan.com
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Built from 2 annual reports, 1 offer document, 1 result filing, 1 press release, 27 exchange announcements, 1 shareholding patterns and 5 years of reported results. Every figure carries its source; where the documents are silent, the page says so.