SRM Contractors targets ₹1,750 cr revenue by FY27
The Jammu-based infrastructure firm is betting on its 51% stake in Maccaferri Infrastructure to hit its FY27 growth targets.
— 2 earlier stories on SRM Contractors Ltd. →What's new
- SRM targets FY27 revenue of ₹1,400-1,750 cr.
- Management expects EBITDA margins of 16-18% and profit margins of 9-11%.
- The firm acquired a 51% stake in geotechnical specialist Maccaferri Infrastructure.
Why this matters
Guidance for a micro-cap firm is a high-stakes signal. By tying its future to the Maccaferri acquisition, SRM is attempting to diversify beyond its core infrastructure business into specialized geotechnical solutions.
What we're watching
- Whether the Maccaferri integration shows immediate margin accretion.
- The pace of order book conversion in the coming quarters.
- Execution timelines for the current ₹1,844 cr backlog.
The full read
SRM Contractors is setting a target of ₹1,400 crore to ₹1,750 crore in revenue by FY27, supported by an order backlog of ₹1,844 crore. Management expects to maintain EBITDA margins between 16% and 18%, with net profit margins of 9% to 11%. A central pillar of this plan is the recent acquisition of a 51% stake in Maccaferri Infrastructure. By moving into geotechnical solutions, the firm is looking to broaden its technical footprint beyond standard infrastructure projects. The next test is execution. The transition from a pure-play contractor to a more diversified infrastructure firm is the primary narrative to track. The open question is whether the company can scale its operations while keeping these margins intact.
Questions answered
- What are the specific financial targets for FY27?
- SRM aims for revenue between ₹1,400 crore and ₹1,750 crore. It also projects EBITDA margins of 16-18% and net profit margins of 9-11%.
- What is the status of the company's order book?
- As of March 31, the company holds an order backlog valued at ₹1,844 crore.
- What is the significance of the Maccaferri Infrastructure acquisition?
- SRM acquired a 51% stake in the firm to expand its capabilities in geotechnical solutions. This acquisition is a component of its growth strategy for the coming years.
Story so far
All notes on SRM →- 27 May 2026 · 12:34 PM IST SRM Contractors targets ₹1,750 cr revenue by FY27
- 1d ago SRM Contractors files audited FY26 results with no new surprises
- 1d ago SRM Contractors revenue doubles to ₹1,026 cr as execution accelerates