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.,SHANKARLAL DEEPCHAND MEHTA, BABULAL D MEHTA, JAYESH NATVARLAL PITHVA AND YASHKUMAR SHANKARLAL MEHTA

The Revenues from operations for the Period ended on Sep 30 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 50,276.72 Lakh, ₹ 93,748.99 Lakh, ₹ 91,550.25 Lakh, and ₹ 95,069.06 Lakh, The EBITDA for the Period ended on Sep 30 2025, and Fiscals ended on Mar 31, 2025, 2024 and 2023 were ₹ 4,592.41 Lakh, ₹ 7,378.78 Lakh, ₹ 5,940.97 Lakh, and ₹ 4,384.58 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 ₹ 2,440.96 Lakh, ₹ 3,985.14 Lakh, ₹ 3,162.89 Lakh, and ₹ 2,404.46 Lakh, respectively. This indicates a steady growth in financial performance.

The Company Key Performance Indicates the pre-issue    EPS of ₹ 5.78 and post-issue EPS of ₹ 47.69 for FY25. The pre-issue P/E ratio is 21.11x,while the post-issue P/E ratio is 2.56x against the Industry P/E ratio is NAx The company's ROE for FY25 is 30.17% and RoNW is 26.23% The Annualised EPS is ₹ 58.42x and P/E is ₹ 2.09x,  These metrics suggest that the IPO is Fully priced.

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