Infra Stock Jumps 8% After Securing ₹483 Cr Nashik Ring Road Project from MSIDC

Synopsis: An infrastructure stock is in focus after the company secured a Rs. 483 crore contract from Maharashtra State Infrastructure Development Corporation (MSIDC). The order relates to a road construction project and highlights continued activity in its core business, keeping the stock in focus during the trading session.

An infrastructure stock is in focus after the company secured a new road construction order, showing steady activity in its core business. The update highlights ongoing project execution and has kept the stock in focus during the trading session.

The company in focus is SRM Contractors Ltd, opened at Rs. 438.30 and touched an intraday high of Rs. 450.10, compared to its previous close of Rs. 417.65, reflecting an increase of about 7.77 percent from the previous close. The company’s market capitalisation stood at Rs. 980.64 crore.

What’s The News? 

The company has secured a contract worth Rs. 483 crore from Maharashtra State Infrastructure Development Corporation Limited (MSIDC). The project involves the construction of Package 6 of the Nashik Ring Road on the southern side, covering a stretch from design chainage 14.950 to 28.970, with a total length of 14.020 km, to be executed under the EPC mode. The project is expected to be completed within 12 months from the date of appointment.

As of December 2025, the company’s order book stood at Rs. 1,423.79 crore. Of this, around 66 percent is contributed by the Roads and Bridges segment, followed by 24 percent from slope stabilization projects, while the remaining portion comes from tunnel projects. The major contributor state is Jammu and Kashmir. 

Q3FY26 Consolidated Results Snapshot

On a quarter-on-quarter basis, the company’s revenue increased from Rs. 206 crore to Rs. 231 crore, registering a growth of about 12.14 percent. Operating profit rose from Rs. 29 crore to Rs. 44 crore, up 51.72 percent, while operating margins improved from 14 percent to 19 percent. Profit before tax increased from Rs. 26 crore to Rs. 37 crore, reflecting a growth of 42.31 percent. Net profit rose from Rs. 20 crore to Rs. 24 crore, registering a growth of 20 percent.

On a year-on-year basis, revenue grew from Rs. 150 crore to Rs. 231 crore, marking an increase of 54 percent. Operating profit increased from Rs. 22 crore to Rs. 44 crore, up 100 percent, with margins improving from 15 percent to 19 percent. Profit before tax rose from Rs. 21 crore to Rs. 37 crore, reflecting a growth of 76.19 percent. Net profit increased from Rs. 16 crore to Rs. 24 crore, registering a growth of 50 percent.

About The Company

SRM Contractors Limited is an engineering and construction company involved in building roads, bridges, tunnels, slope stabilization, and other civil infrastructure projects across India. The company has a strong presence in difficult terrains, especially in Jammu & Kashmir and Ladakh, and has successfully executed projects in extreme weather conditions ranging from 45°C to -30°C.

With nearly two decades of experience, the company undertakes heavy civil construction work, including tunnels and bridges in mountainous regions. It operates as an EPC contractor, item-rate contractor, and subcontractor, and has built a strong track record by delivering projects across multiple infrastructure segments in different parts of the country.

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