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G R Infraprojects Limited GRINFRA NSEINFRA

Industrials · Engineering & Construction · India
https://www.grinfra.com

G R Infraprojects Limited provides civil construction services in India. It operates through the Engineering, Procurement, and Construction; Built, Operate and Transfer/Annuity Projects; and Others segments. It offers engineering, procurement, construction (EPC), and project management services for roads and highways, bridges, airport runway, railways and metro, hydro and tunneling, power transmission and distribution, ropeways, logistics infrastructure, telecom and IT infrastructures. The company also constructs and develops state and national highways, bridges, culverts, flyovers, airport runways, tunnels, and rail over bridges. It also offers a range of services on a turnkey basis in railway infrastructure projects, such as civil infrastructures, including earthworks, bridges, station buildings, and facilities; new track laying and rehabilitation of existing tracks; railway electrification and power systems; and signaling and telecommunication services. In addition, the company constructs tunnels in hydropower, railways, metro rail, roads, and highways; designs, constructs, and maintains transmission lines, substations, and distribution networks; and provides multimodal logistics solutions comprising road and rail to support cargo movement and bolster. Further, it manufactures bitumen emulsion, construction chemicals, metal crash barrier, OHE MAST, road signage board, and thermoplastic paint.; and undertakes repair and maintenance of EPC and HAM projects. The company was formerly known as G.R. Agarwal Builders and Developers Limited and changed its name to G R Infraprojects Limited in August 2007. G R Infraprojects Limited was incorporated in 1995 and is headquartered in Udaipur, India.

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₹899.70
-30.28% 1Y

Market & Price

Market Cap
₹8,705.55 Cr
Current Price
₹899.70
High / Low (52W)
₹1,402.61 / ₹795.95
Beta
0.65

Valuation

Stock P/E
9.64
Industry PE
27.78
Forward P/E
9.21
PEG Ratio
-
Book Value
₹969.39
Price to Book
0.93
P/S
1.04
EV/EBITDA
7.46
Dividend Yield
0.56%

Profitability & Returns

ROCE
12.49%
ROE
10.09%
ROA
5.74%
Profit Margin
10.75%
Op Margin
12.87%
EPS (Latest Qtr)
₹21.39
EPS (TTM)
₹93.30

Balance Sheet & Liquidity

Debt/Equity
0.52
Quick Ratio
1.17
Current Ratio
3.54
Debt
₹4,871.82 Cr
Total Assets
₹16,048.13 Cr
Current Assets
₹6,753.35 Cr
Working Capital
₹4,845.55 Cr

Ownership

Promoter Holding
75.87%
Chg in Prom Hold
-
FII / Inst Holding
20.74%
Chg in FII Hold
-

Financial Snapshot

Enterprise Value
₹12,099.83 Cr
Total Revenue (TTM)
₹8,398.62 Cr
EBITDA
₹1,621.66 Cr
Free Cash Flow
₹-586.00 Cr
Operating Cash Flow
₹-2,811.48 Cr
Shares Outstanding
₹9.68 Cr
Gross Margin
30.66%
Payout Ratio
2.68%

Growth (CAGR)

Revenue 5Y
0.88%
Profit 5Y
-14.70%
Revenue (YoY)
9.70%
Earnings (YoY)
-48.70%

PROS

No notable strengths flagged.

CONS

  • Earnings shrank at -14.7% CAGR over 5 years.
  • Trading 35.9% below its 52-week high.
  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Industrials).

#NameCMP ₹P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 GRINFRA G R Infraprojects Limited NSEINFRA 899.70 9.64 ₹8,705.55 Cr 0.56% 12.49% 10.09% 0.88% -14.70%
2 LT Larsen & Toubro Limited NIFTY50NSEAIINFRA 4,076.50 34.84 ₹5.61 L Cr 0.93% 14.55% 16.95% 16.09% 15.38%
3 ADANIPORTS Adani Ports and Special Economic Zone Limited NIFTY50NSEINFRA 1,804.60 30.96 ₹4.16 L Cr 0.42% 11.02% 15.59% 22.93% 34.11%
4 HAL Hindustan Aeronautics Limited NSEAIDEFENCEINFRAPSU 4,303.80 31.55 ₹2.88 L Cr 1.16% 13.80% 23.98% 7.87% 16.08%
5 POWERINDIA Hitachi Energy India Limited NIFTY_MIDNSEINFRA 38,445.00 172.41 ₹1.71 L Cr 0.02% 24.92% 21.04% 22.24% 119.12%
6 INDIGO InterGlobe Aviation Limited NSEINFRA 4,405.00 - ₹1.70 L Cr 0.24% 15.53% - 44.12% 72.60%
7 CUMMINSIND Cummins India Limited NSEINFRA 5,881.00 68.97 ₹1.63 L Cr 1.12% 34.95% 29.45% 16.07% 24.35%
8 CGPOWER CG Power and Industrial Solutions Limited NSEINFRA 917.45 118.99 ₹1.44 L Cr 0.14% 19.35% 19.56% 21.67% 7.81%
9 POLYCAB Polycab India Limited NIFTY_MIDNSEAIINFRA 9,477.50 53.48 ₹1.43 L Cr 0.37% 30.44% 24.58% 26.57% 28.11%
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Quarterly Results

Figures in INR.

Metric Sep 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue -2,275.57 Cr1,987.79 Cr1,602.14 Cr2,308.28 Cr2,500.41 Cr
Cost of Revenue -1,490.51 Cr1,385.59 Cr966.28 Cr1,605.05 Cr1,866.52 Cr
Gross Profit -785.06 Cr602.20 Cr635.86 Cr703.22 Cr633.89 Cr
Operating Expenses -296.93 Cr256.38 Cr299.74 Cr284.16 Cr312.05 Cr
Operating Income -488.13 Cr345.83 Cr336.12 Cr419.07 Cr321.84 Cr
EBITDA -681.66 Cr490.18 Cr436.91 Cr558.86 Cr478.51 Cr
Interest Expense -120.63 Cr116.73 Cr125.60 Cr153.36 Cr112.28 Cr
Pretax Income -503.87 Cr321.13 Cr260.39 Cr356.49 Cr319.66 Cr
Tax Provision -100.71 Cr76.73 Cr70.83 Cr97.74 Cr109.80 Cr
Net Income -403.90 Cr244.06 Cr192.62 Cr259.20 Cr206.97 Cr
Diluted EPS -41.7225.2219.9026.7821.39

Profit & Loss (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue -8,179.86 Cr7,943.06 Cr7,394.70 Cr8,398.62 Cr
Cost of Revenue -6,100.20 Cr5,970.76 Cr4,946.81 Cr5,823.44 Cr
Gross Profit -2,079.66 Cr1,972.30 Cr2,447.90 Cr2,575.18 Cr
Operating Expenses -1,005.78 Cr1,018.70 Cr1,056.24 Cr1,152.32 Cr
Operating Income -1,073.88 Cr953.60 Cr1,391.66 Cr1,422.85 Cr
EBITDA -2,622.34 Cr2,514.64 Cr2,029.21 Cr1,964.46 Cr
Interest Expense -424.35 Cr541.46 Cr448.05 Cr507.97 Cr
Pretax Income -1,952.34 Cr1,728.95 Cr1,336.59 Cr1,257.68 Cr
Tax Provision -497.91 Cr405.99 Cr321.19 Cr355.10 Cr
Net Income -1,454.43 Cr1,323.65 Cr1,014.34 Cr902.84 Cr
Diluted EPS 86.04150.42136.87104.81-

Compounded Sales Growth

5 Years:0.88%
1 Year:9.70%

Compounded Profit Growth

5 Years:-14.70%
1 Year:-48.70%

Stock Price Performance

1 Year:-30.28%
6 Months:-16.61%
3 Months:-8.75%
1 Month:-4.00%

Balance Sheet (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Total Assets -13,760.43 Cr12,941.56 Cr14,929.33 Cr16,048.13 Cr
Current Assets -5,751.60 Cr5,722.52 Cr4,921.52 Cr6,753.35 Cr
Cash & Equivalents -211.20 Cr533.87 Cr659.49 Cr983.48 Cr
Inventory -884.30 Cr767.65 Cr538.01 Cr986.23 Cr
Receivables -431.58 Cr307.87 Cr224.72 Cr744.94 Cr
Total Liabilities -7,495.29 Cr5,339.16 Cr6,426.13 Cr6,657.07 Cr
Current Liabilities -2,193.48 Cr1,929.26 Cr1,699.65 Cr1,907.80 Cr
Long Term Debt -4,895.96 Cr3,245.64 Cr4,558.08 Cr4,588.33 Cr
Total Debt -5,696.76 Cr3,816.77 Cr4,970.76 Cr4,871.82 Cr
Total Equity -6,265.13 Cr7,591.79 Cr8,491.54 Cr9,379.65 Cr
Shares Outstanding -9.67 Cr9.67 Cr9.67 Cr9.68 Cr

Cash Flows (Annual)

Figures in INR.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating Cash Flow --363.47 Cr-1,590.41 Cr-2,041.87 Cr-2,811.48 Cr
Investing Cash Flow --8.85 Cr945.66 Cr422.47 Cr1,622.84 Cr
Financing Cash Flow --20.34 Cr1,120.27 Cr1,734.74 Cr1,522.91 Cr
Capital Expenditure --297.48 Cr-120.10 Cr-155.84 Cr-233.39 Cr
Free Cash Flow --660.95 Cr-1,710.51 Cr-2,197.71 Cr-3,044.87 Cr
Net Change in Cash --392.65 Cr475.52 Cr115.34 Cr334.27 Cr

Ratios (Annual)

Figures in %.

Metric Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Gross Margin % -25.4%24.8%33.1%30.7%
Operating Margin % -13.1%12.0%18.8%16.9%
Net Margin % -17.8%16.7%13.7%10.7%
ROE % -23.2%17.4%11.9%9.6%
ROCE % -9.3%8.7%10.5%10.1%

Shareholding Pattern

Insiders
75.87%
Institutions
20.74%
Public Float
85.96%

Analyst View

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