G R Infraprojects Ltd
Incorporated in the year 1995, G R Infraprojects Ltd is an integrated road Engineering, Procurement, Construction company (EPC) with experience in the design and construction of various road/highway projects across 15 States in India. It mainly undertakes civil construction projects under the EPC and BOT (Build Operate Transfer) basis in the road sector. [1]
- Market Cap ₹ 7,966 Cr.
- Current Price ₹ 823
- High / Low ₹ 1,444 / 808
- Stock P/E 8.95
- Book Value ₹ 851
- Dividend Yield 1.52 %
- ROCE 13.5 %
- ROE 9.89 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
- Company is almost debt free.
- Stock is trading at 0.97 times its book value
Cons
- The company has delivered a poor sales growth of 1.57% over past five years.
- Company has a low return on equity of 13.0% over last 3 years.
- Earnings include an other income of Rs.580 Cr.
- Dividend payout has been low at 5.00% of profits over last 3 years
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Industrials Construction Construction Civil Construction
Part of BSE Allcap BSE Industrials Nifty Microcap 250 Nifty Total Market
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,882 | 3,090 | 3,066 | 4,950 | 6,028 | 7,244 | 7,919 | 8,148 | 7,788 | 6,516 | 7,090 | |
| 1,658 | 2,549 | 2,502 | 3,943 | 4,786 | 5,931 | 6,638 | 6,834 | 6,653 | 5,611 | 6,184 | |
| Operating Profit | 224 | 541 | 565 | 1,007 | 1,242 | 1,314 | 1,281 | 1,313 | 1,135 | 905 | 905 |
| OPM % | 12% | 18% | 18% | 20% | 21% | 18% | 16% | 16% | 15% | 14% | 13% |
| 14 | 159 | 52 | 67 | 94 | 124 | 129 | 181 | 1,606 | 524 | 580 | |
| Interest | 38 | 53 | 63 | 106 | 146 | 140 | 127 | 102 | 104 | 86 | 49 |
| Depreciation | 44 | 64 | 81 | 138 | 187 | 227 | 282 | 246 | 244 | 245 | 210 |
| Profit before tax | 156 | 583 | 473 | 831 | 1,003 | 1,071 | 1,002 | 1,146 | 2,393 | 1,098 | 1,226 |
| Tax % | 35% | -0% | 17% | 28% | 31% | 27% | 24% | 26% | 17% | 27% | |
| 101 | 583 | 393 | 596 | 689 | 781 | 761 | 852 | 1,977 | 807 | 950 | |
| EPS in Rs | 40.62 | 117.26 | 39.49 | 59.90 | 69.26 | 78.49 | 78.69 | 88.09 | 204.51 | 83.38 | 98.19 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 15% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 2% |
| 3 Years: | -6% |
| TTM: | 5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 2% |
| 3 Years: | -1% |
| TTM: | 17% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -6% |
| 1 Year: | -20% |
| Return on Equity | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | 15% |
| 3 Years: | 13% |
| Last Year: | 10% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 25 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 |
| Reserves | 514 | 1,090 | 1,489 | 2,092 | 2,779 | 3,556 | 4,315 | 5,167 | 7,147 | 7,839 | 8,190 |
| 349 | 395 | 615 | 1,061 | 1,104 | 1,381 | 1,134 | 1,094 | 753 | 517 | 244 | |
| 508 | 814 | 790 | 1,283 | 1,259 | 1,372 | 1,216 | 1,422 | 1,446 | 1,395 | 1,314 | |
| Total Liabilities | 1,396 | 2,348 | 2,943 | 4,484 | 5,191 | 6,358 | 6,713 | 7,731 | 9,394 | 9,800 | 9,797 |
| 286 | 383 | 615 | 902 | 1,032 | 1,345 | 1,485 | 1,438 | 1,309 | 1,075 | 982 | |
| CWIP | 28 | 17 | 48 | 43 | 28 | 55 | 59 | 72 | 74 | 137 | 169 |
| Investments | 69 | 202 | 229 | 257 | 255 | 364 | 324 | 86 | 2,588 | 2,993 | 3,329 |
| 1,013 | 1,746 | 2,051 | 3,281 | 3,875 | 4,593 | 4,846 | 6,135 | 5,423 | 5,595 | 5,317 | |
| Total Assets | 1,396 | 2,348 | 2,943 | 4,484 | 5,191 | 6,358 | 6,713 | 7,731 | 9,394 | 9,800 | 9,797 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 377 | -4 | 652 | 831 | 420 | 561 | 764 | 848 | 868 | ||
| 123 | -632 | -906 | -319 | -925 | -237 | -646 | -265 | -257 | ||
| -18 | 126 | 273 | -45 | 159 | -381 | -126 | -424 | -437 | ||
| Net Cash Flow | 482 | -510 | 19 | 467 | -346 | -57 | -8 | 158 | 174 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 49 | 62 | 77 | 64 | 49 | 45 | 33 | 83 | 81 | 103 |
| Inventory Days | 40 | 113 | 63 | |||||||
| Days Payable | 83 | 132 | 54 | |||||||
| Cash Conversion Cycle | 6 | 62 | 59 | 74 | 49 | 45 | 33 | 83 | 81 | 103 |
| Working Capital Days | 8 | 27 | 67 | 62 | 67 | 45 | 76 | 98 | 99 | 122 |
| ROCE % | 41% | 28% | 35% | 32% | 27% | 22% | 21% | 15% | 13% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Order Book INR Million |
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Documents
Announcements
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Intimation Of Sale And Transfer Of Three Wholly Owned Subsidiaries.
6h - Sold three wholly-owned subsidiaries to Indus Infra Trust for aggregate Rs.273.22 crore on 25-Mar-2026; one material subsidiary.
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Intimation Of Execution Of Share Purchase Agreements.
14h - Entered SPA on 25-Mar-2026 to sell three subsidiaries to Indus Infra Trust for ~Rs.273.22 crore; completion by 30-Jun-2026.
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
2d - Received INR 2440.87 Crore NHAI LOA for NH-33 Mokama–Munger HAM project, 910-day completion, dated 23-Mar-2026.
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Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot
20 Mar - Postal ballot (20 Mar 2026): members approved sale of GR Ena Kim Expressway Pvt Ltd and loans/guarantees.
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Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
20 Mar - Postal ballot: sale of GR Ena Kim Expressway (material subsidiary) approved; loans/guarantees under Section 185 approved on 20 Mar 2026.
Annual reports
Concalls
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Feb 2026Transcript PPT
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Nov 2025Transcript PPT REC
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Aug 2025Transcript PPT
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May 2025Transcript PPT REC
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Feb 2025Transcript PPT REC
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Nov 2024Transcript PPT
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Nov 2023Transcript PPT
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May 2023Transcript PPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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Aug 2022TranscriptAI SummaryPPT
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Jun 2022Transcript PPT
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Feb 2022Transcript PPT
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Nov 2021Transcript PPT
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Aug 2021Transcript PPT
Leading Construction company
The company offers comprehensive solutions, ranging from project planning and design to construction and ongoing maintenance. Its project portfolio is diverse, encompassing railway overbridges, elevated metro lines, transmission lines, multi-modal logistics parks, and ropeways. [1]
It executes projects on EPC, Build, Operate, and Transfer (BOT), Hybrid Annuity Model (HAM), Design, Build, Finance, Operate, and Transfer (DBFOT), and Build, Own, Operate, and Transfer (BOOT) models. [2]