Srinibas Pradhan Constructions Limited (SPCL) is an India‑based infrastructure and construction company primarily serving the domestic market. The company undertakes civil construction works such as roads, bridges, buildings, industrial structures, and related infrastructure projects. Revenue is earned through execution of government, PSU and corporate construction contracts. Its operations are supported by in‑house project management, execution capabilities and equipment deployment across project sites in India.

The Company is led by Promoter, i.e.,DEEPAK TOMAR AND SWETA SINGH

The Revenues from operations for the Period ended on Sep 30 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 7,143.06 Lakh, ₹ 10,462.59 Lakh, ₹ 7,361.20 Lakh, and ₹ 5,960.66 Lakh, The EBITDA for the Period ended on Sep 30 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 779.28 Lakh, ₹ 568.68 Lakh, ₹ 481.69 Lakh, and ₹ 215.09 Lakh, The Profit after Tax for the Period ended on Sep 30 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were were ₹ 410.87 Lakh, ₹ 658.62 Lakh, ₹ 354.89 Lakh, and ₹ 227.19 Lakh, respectively. This indicates a steady growth in financial performance.

The Company Key Performance Indicates the pre-issue   EPS of ₹ 2.93 and post-issue EPS of ₹ 2.31 for FY25. The pre-issue P/E ratio is 49.83x,while the post-issue P/E ratio is 63.33x against the Industry P/E ratio is 53.72x The company's ROE for FY25 is 31.74% and RoNW is 27.39% The Annualised EPS is ₹ 7.47x and P/E is ₹ 19.56x,   These metrics suggest that the IPO is Fully priced.

 
The Grey Market Premium (GMP) of Novus Loyalty showing listing gains of 0%.Given the company's financial performance and the valuation of the IPO, we recommend  Investors to Avoid to the Novus Loyalty Limited, IPO for Listing gain or Long Term Purposes.