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Semac Construction Limited (SEMAC)

₹215.38 -3.74% last close, 16 Oct

📊 NSE: SEMAC 🏢 Engineering - Turnkey Services 📢 Latest filing: 16 Oct 2026 📝 Analysis written: 14 Dec 2025

Latest quarterly results (Q1 FY27)

In its latest reported quarter, Q1 FY27, Semac Construction's revenue was ₹30.4 Cr (-41.0% year on year, -59.4% on the previous quarter), and net profit ₹0.4 Cr (-62.7% year on year); the operating margin was 2.2%.

Q1 FY27 (₹ Cr)	Value	YoY vs Q1 FY26	QoQ
Revenue	₹30.4	-41.0%	-59.4%
Operating profit	₹0.7	-43.9%	-83.7%
Net profit	₹0.4	-62.7%	-91.1%
EPS (₹)	1.29	-61.7%	-91.5%
Operating margin	2.2%	—	—

Full quarterly financials → Results calendar →

SEMAC delivery percentage

NSE end-of-day data for Fri, 16 Oct 2026

On Fri, 16 Oct 2026, 86.45% of the SEMAC shares traded on NSE were taken to delivery, against the stock's own 20-session average of 78.64%. That is close to its usual level. Turnover was only ₹4 lakh, so a handful of trades can move this figure. It closed at a price band (circuit) on 5 sessions in about the last 20.

86.45%Delivery, 16 Oct

78.64%Own 20-session average

1.6×Volume vs its average

₹215.38NSE close · -3.74%

Delivery in the last 5 sessions: 58.5% · 88.7% · 73.9% · 66.8% · 86.5%

Delivery across the market →Circuit stocks →

A description of what the exchange published, not a recommendation. Names such as "accumulation" or "long buildup" label a pattern in the numbers. How delivery is analysed

📢 Recent Corporate Announcements

Semac Construction Files Share Capital Audit: Issued Capital at 31,17,308 Shares

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 16 Oct 2026, 07:07 PM

Semac Construction Limited has submitted its Reconciliation of Share Capital Audit report under Regulation 76 of SEBI Regulations for the quarter ended September 30, 2026. The report, certified by MDS & Associates LLP, confirms an issued and listed capital of 31,17,308 equity shares across BSE and NSE. Of the total issued capital, 3,04,016 shares (approximately 9.75%) are held in dematerialized form with CDSL. This filing is a standard quarterly regulatory compliance and presents no changes to business fundamentals.

Issued capital stands at 31,17,308 equity shares with a face value of ₹10 each.
Listed capital matches issued capital at 31,17,308 shares on both BSE and NSE (100%).
3,04,016 shares (9.75% of issued capital) held in dematerialized form in CDSL as of September 30, 2026.
Audit certified by practicing company secretary MDS & Associates LLP on October 9, 2026.

💡 No action needed; this is a routine compliance filing. Investors should monitor upcoming quarterly financial results for operational performance.

Semac Construction Submits Demat Compliance Certificate for Q2 Ended 30th September 2026

🟡 NEUTRAL ⭐ 1/10

ROUTINE 📅 12 Oct 2026, 05:05 PM

Semac Construction Limited has submitted its quarterly compliance certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 30th September 2026. The certificate issued by Registrar and Transfer Agent MUFG Intime India Private Limited confirms the processing of dematerialisation requests. All received certificates were verified, mutilated, cancelled, and the depositories updated within prescribed timelines. This is a standard quarterly administrative filing with no financial impact.

Regulation 74(5) compliance confirmed for the quarter ended 30th September 2026
Issued by Registrar and Transfer Agent MUFG Intime India Private Limited on 03-10-2026
Filed with BSE and NSE on 12th October 2026
Confirms security certificates for dematerialisation were processed and cancelled per regulatory timelines

💡 No action needed; this is a routine administrative compliance report. Investors should watch for upcoming Q2 FY27 financial earnings announcements.

Semac Construction Shareholders Approve All 6 AGM Resolutions Including Related Party Transactions

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 27 Sep 2026, 08:39 PM

Semac Construction Limited announced the voting results and Scrutinizer's Report for its 49th Annual General Meeting held on September 25, 2026. All six resolutions were approved by shareholders with the requisite majority, including the adoption of FY26 financial statements and director re-appointments. Resolutions approving material related-party transactions with Revathi Equipment India Limited and Renaissance Consultancy Services Limited passed with 78.71% assent, with interested promoter entities holding 18,43,942 shares abstaining from voting.

All 6 resolutions passed at the 49th AGM held on September 25, 2026
Adoption of FY26 Standalone and Consolidated Financial Statements approved with 99.60% valid votes in favour
Material Related Party Transactions with REIL and RCSL approved with 78.71% in favour and 21.29% dissent
Promoters/related parties holding 18,43,942 shares abstained from voting on related-party resolutions 5 and 6
Waiver of recovery of excess remuneration paid to Whole-time Director Harivansh Dalmia approved with 99.60% assent

💡 Track the ongoing NCLT scheme of amalgamation regarding Semac Construction Technologies India Private Limited and operational execution in upcoming quarterly results.

Semac Construction Concludes 49th AGM; 39 Members Attend, Votes on Key Related Party Deals

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 25 Sep 2026, 08:38 PM

Semac Construction Limited held its 49th Annual General Meeting on September 25, 2026, via video conferencing, with 39 members representing 20,20,347 equity shares in attendance. Shareholders considered ordinary and special business items, including the re-appointment and remuneration waiver for Whole Time Director Harivansh Dalmia. Additionally, ordinary resolutions were tabled to approve material related party transactions with Revathi Equipment India Limited and Renaissance Consultancy Services Limited. Final voting results and the scrutinizer's report will be declared separately.

49th Annual General Meeting conducted on September 25, 2026, starting at 03:00 PM and concluding at 03:50 PM
A total of 39 members representing 20,20,347 equity shares attended through video conference
Remote e-voting held between September 22, 2026 (9:00 AM) and September 24, 2026 (5:00 PM)
Resolutions tabled include waiver of excess remuneration recovery under Section 197 for Whole-time Director Harivansh Dalmia for FY26
Shareholder approval sought for material related party transactions with Revathi Equipment India Limited and Renaissance Consultancy Services Limited

💡 Track the upcoming disclosure of the scrutinizer's report and formal voting results to confirm whether the waiver of director remuneration recovery and material related-party transactions were approved.

Semac Construction Sets Sept 18, 2026 as Cut-Off Date for 49th AGM and E-Voting

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 01 Sep 2026, 07:32 PM

Semac Construction Limited has announced the cut-off and book closure dates for its upcoming 49th Annual General Meeting (AGM). The AGM is scheduled to take place on Friday, September 25, 2026, at 03:00 PM IST via Video Conferencing. The cut-off date to determine shareholder voting eligibility is Friday, September 18, 2026. The Register of Members and Share Transfer Books will remain closed from September 19, 2026, to September 25, 2026.

49th Annual General Meeting scheduled for September 25, 2026, at 03:00 PM IST
Voting cut-off date fixed as September 18, 2026
Book closure period set from September 19, 2026, to September 25, 2026 (both days inclusive)

💡 Shareholders looking to participate in e-voting must hold shares in their demat/physical accounts as of the September 18, 2026 cut-off date. Track the AGM proceedings for management commentary on ongoing amalgamation and EPC operations.

Semac issues 49th AGM notice; seeks approval for Rs 250 Cr related party transaction

🟡 NEUTRAL ⭐ 5/10

ROUTINE 📅 01 Sep 2026, 07:32 PM

Semac Construction Limited has issued the notice for its 49th Annual General Meeting scheduled for September 25, 2026, with the voting cut-off date set as September 18, 2026. Key special resolutions include approval for material related party transactions with Revathi Equipment India Limited for up to Rs 250 crore, which represents ~112.6% of TTM revenue (Rs 222 crore). Additionally, the company seeks shareholder approval for the re-appointment of Whole Time Director Harivansh Dalmia for 5 years and the waiver of recovery for Rs 12 lakh in excess managerial remuneration paid during FY26.

49th Annual General Meeting scheduled for September 25, 2026, via Video Conferencing.
Proposed approval of Material Related Party Transactions with Revathi Equipment India Limited up to Rs 250 crore.
Proposed re-appointment of Mr. Harivansh Dalmia as Whole Time Director for 5 years starting August 29, 2026.
Waiver of recovery of Rs 12,00,000 in excess managerial remuneration paid to the Whole Time Director during FY26.
E-voting cut-off date fixed as Friday, September 18, 2026.

💡 Track shareholder voting results post-AGM on September 25, 2026, specifically regarding the approval of the Rs 250 crore related-party transaction limit and managerial remuneration waiver.

Semac Construction Re-appoints Harivansh Dalmia as Whole Time Director for 5-Year Term

🟡 NEUTRAL ⭐ 4/10

MANAGEMENT 📅 14 Aug 2026, 04:35 PM

Semac Construction Limited has approved the re-appointment of Mr. Harivansh Dalmia as Whole Time Director for a further five-year term, effective August 29, 2026. The appointment, recommended by the Nomination and Remuneration Committee, is subject to shareholder approval at the upcoming Annual General Meeting. Mr. Dalmia, a Chartered Accountant, is related to the Chairman & Managing Director and another Director, maintaining promoter-family leadership. This continuity comes as the company (Market Cap: ₹102 Cr) recently turned profitable in FY26 with a PAT of ₹7.27 Cr.

Re-appointment of Mr. Harivansh Dalmia for a 5-year term starting August 29, 2026
Mr. Dalmia is related to Chairman & MD Abhishek Dalmia and Director Mrs. Deepali Dalmia
Company reported a turnaround in FY26 with TTM Revenue of ₹243 Cr and PAT of ₹7 Cr
Board meeting concluded at 03:50 P.M. on August 14, 2026
Promoter holding remains stable at 62.85% as of March 2026

💡 Monitor the upcoming Annual General Meeting (AGM) for formal shareholder approval and track the progress of the NCLT amalgamation process for the EPC subsidiary.

SEMAC Q1 Consolidated PAT Drops 51% to ₹0.51 Cr; Standalone Revenue Declines 44% YoY

🔴 NEGATIVE ⭐ 7/10

EARNINGS 📅 14 Aug 2026, 04:25 PM

Semac Construction reported a weak start to FY27, with consolidated PAT falling to ₹0.51 Cr from ₹1.05 Cr in the year-ago quarter. Standalone revenue from operations saw a sharp contraction of 44.1% YoY, dropping to ₹26.39 Cr, which is significantly lower than the FY26 quarterly average of ~₹60 Cr. The company is currently awaiting final NCLT approval for the merger of its technology-focused subsidiary to streamline EPC operations. Additionally, the board has re-appointed Mr. Harivansh Dalmia as Whole Time Director for a five-year term starting August 29, 2026.

Consolidated PAT for Q1 FY27 declined 51% YoY to ₹0.51 Cr from ₹1.05 Cr.
Standalone revenue from operations fell sharply to ₹26.39 Cr compared to ₹47.23 Cr in Q1 FY26.
Consolidated Basic EPS dropped to ₹1.29 from ₹3.46 in the corresponding previous quarter.
Standalone finance costs reduced to ₹0.95 Cr from ₹1.17 Cr YoY, providing a small cushion to margins.
The merger of Semac Construction Technologies India Private Limited remains pending final NCLT approval.

💡 Investors should monitor the timeline for the NCLT final order on the amalgamation, as the company's growth strategy relies on consolidating these EPC capabilities. Watch for recovery in execution volumes in upcoming quarters to see if the Q1 revenue dip was a one-off delay.

Semac Construction confirms unmodified audit opinion for FY26 financial results

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 14 Jul 2026, 04:52 PM

Semac Construction Limited has responded to an exchange clarification regarding its financial results for the quarter and year ended March 31, 2026. The company confirmed that its statutory auditors, M/s. Suresh Surana & Associates LLP, issued an unmodified opinion on both standalone and consolidated audited results. This procedural filing ensures that the reported TTM revenue of ‹ 243 crore and PAT of ‹ 7 crore are verified without audit qualifications. The clarification resolves a query raised by the exchange under SEBI Regulation 33.

Statutory auditors issued an unmodified opinion for the financial year ended March 31, 2026
Company reported a TTM revenue of ‹ 243 crore with an operating profit margin of 3.3%
March 2026 quarter revenue stood at ‹ 74.87 crore, the highest in the last eight quarters
Net worth of the company as per latest context is ‹ 72 crore with a debt-to-equity ratio of 0.39

💡 Investors should focus on the execution of the ongoing merger with Semac Construction Technologies India Private Limited and the impact of high finance costs (‹ 2.65 crore) on net margins.

Semac Construction Submits Quarterly Compliance Certificate for June 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 13 Jul 2026, 02:11 PM

Semac Construction Limited has submitted its quarterly compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the period ended June 30, 2026. The certificate, provided by the Registrar and Transfer Agent (RTA) MUFG Intime India Private Limited, confirms that share certificates received for dematerialization were processed within prescribed timelines. This filing is a standard administrative requirement to ensure the integrity of the company's shareholding records. There is no impact on the company's financial position or business operations.

Compliance certificate issued for the quarter ended June 30, 2026
Confirmation received from RTA MUFG Intime India Private Limited on July 01, 2026
Company filed the disclosure with exchanges on July 13, 2026
Confirms dematerialization requests were processed and certificates mutilated/cancelled as per SEBI norms

💡 This is a routine procedural filing. Investors should monitor the company's upcoming quarterly financial results for actual business performance updates.

Semac Construction Announces Trading Window Closure from July 1, 2026

🟡 NEUTRAL ⭐ 2/10

ROUTINE 📅 24 Jun 2026, 05:51 PM

Semac Construction Limited has announced the closure of its trading window for all designated persons and their immediate relatives starting July 1, 2026. This move is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, ahead of the company's financial results for the quarter ending June 30, 2026. The window will remain closed until 48 hours after the unaudited financial results are officially declared. This is a standard regulatory procedure for listed companies in India.

Trading window closure effective from July 1, 2026
Closure pertains to the unaudited financial results for the quarter ending June 30, 2026
Window to reopen 48 hours after the announcement of financial results
Applicable to all Designated Persons and their Immediate Relatives

💡 No action is required as this is a routine regulatory filing. Investors should look forward to the upcoming quarterly earnings release for performance updates.

Semac Construction Promoters Declare No New Share Encumbrances for FY 2025-26

🟡 NEUTRAL ⭐ 3/10

REGULATORY 📅 18 Jun 2026, 09:56 AM

The promoters and promoter group of Semac Construction Limited have submitted their annual declaration under Regulation 31(4) of the SEBI (SAST) Regulations. The filing confirms that no new encumbrances or pledges were created on the shares of the company, directly or indirectly, during the financial year ending March 31, 2026, beyond what was already disclosed. This declaration covers all major promoter entities including Abhishek Dalmia, Hilltop Metals Ltd, and Revathi Equipment India Limited.

Annual declaration submitted pursuant to Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.
Promoters confirm no undisclosed encumbrances were made during the Financial Year ending March 31, 2026.
The declaration encompasses a wide range of promoter group entities including Radha Madhav Trust and Renaissance Asset Management.
The disclosure was officially filed on April 8, 2026, following the conclusion of the fiscal year.

💡 No action is required as this is a routine annual compliance filing. Investors should note the confirmation that promoter share pledging has not increased unexpectedly during the year.

Semac Construction Re-appoints M/s Number Tree LLP as Internal Auditor for FY 2026-27

🟡 NEUTRAL ⭐ 3/10

MANAGEMENT 📅 29 May 2026, 05:10 PM

Semac Construction Limited has re-appointed M/s Number Tree LLP as its Internal Auditor for the financial year 2026-2027. The decision was finalized by the Board of Directors on May 25, 2026, following a recommendation from the Audit Committee. Number Tree LLP is an audit and advisory firm with nearly 20 years of experience specializing in large-scale infrastructure and engineering projects. This appointment ensures the company's continued compliance with Section 138 of the Companies Act, 2013.

Re-appointment of M/s Number Tree LLP as Internal Auditor for the financial year 2026-2027.
The Board of Directors approved the appointment in their meeting held on May 25, 2026.
Number Tree LLP brings nearly 2 decades of experience in auditing large infrastructure and engineering projects.
The appointment is in strict compliance with Section 138 of the Companies Act, 2013 and SEBI LODR regulations.

💡 This is a routine regulatory announcement regarding internal governance and compliance. No immediate action is required from investors as it does not impact the company's financial fundamentals.

Semac Construction Reports FY26 Results; Trade Receivables Drop to ‡36.78 Crore

🟡 NEUTRAL ⭐ 7/10

EARNINGS 📅 29 May 2026, 05:04 PM

Semac Construction Limited has released its audited financial results for the fiscal year ended March 31, 2026. A notable highlight is the significant reduction in consolidated trade receivables, which fell from ‡48.11 crore to ‡36.78 crore, suggesting improved collection efficiency. The company's cash and cash equivalents increased to ‡10.28 crore from ‡7.73 crore YoY. The board also confirmed the re-appointment of Numbertree LLP as Internal Auditors for the 2026-27 financial year.

Consolidated trade receivables decreased by 23.5% YoY to ‡3,677.50 lakhs.
Cash and cash equivalents improved to ‡1,027.61 lakhs from ‡772.58 lakhs in the previous year.
Subsidiary operations (Oman and India) contributed ‡1,729.97 lakhs in annual revenue with a net profit of ‡30.03 lakhs.
Total non-current assets stood at ‡3,961.54 lakhs as of March 31, 2026.
Bank balances other than cash remained robust at ‡4,853.84 lakhs.

💡 Investors should view the reduction in trade receivables as a positive sign for working capital management. However, a full review of the Profit and Loss statement is recommended to assess top-line growth and margin sustainability.

Semac Construction Clarifies Recent Stock Price and Volume Spurt

🟡 NEUTRAL ⭐ 3/10

ROUTINE 📅 15 May 2026, 03:47 PM

Semac Construction Limited has responded to a clarification request from BSE and NSE regarding a significant spurt in its stock price and trading volume. The company stated that it has not withheld any material information or events required to be disclosed under SEBI Regulation 30. According to the management, the recent volatility is purely market-driven and not due to any internal developments. The company maintains that it is in full compliance with all listing and disclosure requirements.

BSE and NSE sought clarification on May 13, 2026, regarding unusual price and volume movement
Company confirms no undisclosed material events exist that would impact stock behavior
Management attributes the price increase solely to market conditions and not internal actions
Official response submitted to exchanges on May 15, 2026, to safeguard investor interest

💡 Investors should remain cautious as the company has confirmed there is no fundamental news driving the recent price surge. It is advisable to avoid speculative trading based on this volatility alone.

View All SEMAC Announcements on Live Market Tracking →

💰 Financial Performance

Revenue Growth by Segment

The company operates in a single operating segment of Engineering, Procurement and Construction (EPC) Services. Standalone Net Profit before tax for H1 FY26 was INR 126.79 Lakhs, a significant turnaround from a loss of INR 476.82 Lakhs in H1 FY25.

Geographic Revenue Split

Operations are conducted in India and Oman. The company holds a 100% stake in its Indian subsidiary, Semac Construction Technologies India Private Limited, and a 65% stake in Semac and Partner LLC, Muscat, Oman.

Profitability Margins

Profitability showed a major turnaround; Standalone EPS improved from INR -17.54 in H1 FY25 to INR 3.93 in H1 FY26. Consolidated Total Comprehensive Income for equity holders turned positive at INR 122.42 Lakhs in H1 FY26 compared to a loss of INR 546.76 Lakhs in H1 FY25.

EBITDA Margin

Estimated Standalone EBITDA for H1 FY26 was INR 287.20 Lakhs (calculated as NPBT of INR 126.79 Lakhs + Finance Cost of INR 265.04 Lakhs + Depreciation of INR 75.30 Lakhs - Interest Income of INR 179.93 Lakhs).

Capital Expenditure

As of September 30, 2025, consolidated Property, Plant and Equipment (PPE) stood at INR 115.20 Lakhs and Right of Use assets at INR 266.65 Lakhs.

Credit Rating & Borrowing

Finance costs for H1 FY26 were INR 265.04 Lakhs, representing a 14.8% increase from INR 230.82 Lakhs in H1 FY25, indicating high borrowing costs relative to operating profit.

⚙️ Operational Drivers

Capacity Expansion

The company acquired the remaining 50% equity of its associate, Semac Construction Technologies India Private Limited, on June 26, 2025, making it a wholly-owned subsidiary to consolidate EPC capacity.

Manufacturing Efficiency

Not applicable as the company operates in the EPC services segment.

📈 Strategic Growth

Growth Strategy

Growth is driven by the consolidation of subsidiaries. The Board approved a Scheme of Amalgamation on July 30, 2025, to merge Semac Construction Technologies India Private Limited into the parent company to streamline EPC operations and reduce overheads.

Products & Services

Engineering, Procurement, and Construction (EPC) Services.

Brand Portfolio

SEMAC

Market Expansion

Expansion is focused on strengthening the domestic Indian EPC market and maintaining the 65% owned international operations in Muscat, Oman.

Strategic Alliances

The company transitioned its associate company, Semac Construction Technologies India Private Limited, into a 100% subsidiary during Q1 FY26.

🌍 External Factors

Industry Trends

The EPC industry is seeing a trend toward integrated service delivery; SEMAC is positioning itself by merging its technology-focused subsidiary into the main construction entity.

Competitive Moat

Moat is based on integrated EPC capabilities and an established international presence in Oman, though corporate governance needs further strengthening to sustain competitive advantage.

Geopolitical Risks

The 65% stake in the Oman-based subsidiary exposes the company to Middle Eastern geopolitical and economic stability risks.

⚖️ Regulatory & Governance

Industry Regulations

The company must comply with the Companies Act 2013 and SEBI (LODR) Regulations 2015. It has substantially complied with corporate governance norms, though auditors noted compliance needs to be further strengthened.

Legal Contingencies

A Scheme of Amalgamation between the parent and its Indian subsidiary is currently pending approval before the National Company Law Tribunal (NCLT), Delhi.