B.R.Goyal Infrastructure Ltd
Incorporated in 2005, B.R.Goyal Infrastructure Limited is engaged in constructing infrastructure projects such as roads, highways, bridges, and buildings.[1]
- Market Cap ₹ 321 Cr.
- Current Price ₹ 135
- High / Low ₹ 177 / 95.0
- Stock P/E 9.49
- Book Value ₹ 103
- Dividend Yield 0.00 %
- ROCE 17.9 %
- ROE 14.1 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 26.3% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Contingent liabilities of Rs.128 Cr.
* 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.
Half Yearly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 253 | 258 | 225 | 346 | 589 | 510 | 694 | |
| 234 | 242 | 206 | 320 | 554 | 467 | 642 | |
| Operating Profit | 19 | 16 | 19 | 27 | 34 | 43 | 53 |
| OPM % | 8% | 6% | 8% | 8% | 6% | 8% | 8% |
| 3 | 4 | 4 | 7 | 7 | 5 | 6 | |
| Interest | 7 | 6 | 7 | 7 | 8 | 9 | 5 |
| Depreciation | 5 | 5 | 5 | 5 | 5 | 5 | 8 |
| Profit before tax | 10 | 9 | 10 | 22 | 29 | 34 | 45 |
| Tax % | 22% | 23% | 26% | 22% | 24% | 25% | |
| 8 | 7 | 7 | 17 | 22 | 25 | 34 | |
| EPS in Rs | 8.95 | 7.55 | 8.57 | 19.92 | 25.16 | 10.57 | 14.19 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 15% |
| 3 Years: | 31% |
| TTM: | 23% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 26% |
| 3 Years: | 54% |
| TTM: | 42% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 14% |
| 3 Years: | 16% |
| Last Year: | 14% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 9 | 9 | 9 | 9 | 9 | 24 | 24 |
| Reserves | 65 | 71 | 79 | 96 | 118 | 205 | 221 |
| 57 | 65 | 53 | 42 | 49 | 70 | 77 | |
| 77 | 49 | 63 | 51 | 63 | 74 | 119 | |
| Total Liabilities | 208 | 194 | 203 | 197 | 239 | 373 | 440 |
| 44 | 49 | 54 | 47 | 55 | 71 | 81 | |
| CWIP | 9 | 7 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 3 | 6 | 5 | 6 |
| 155 | 138 | 150 | 147 | 178 | 296 | 354 | |
| Total Assets | 208 | 194 | 203 | 197 | 239 | 373 | 440 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 7 | 8 | 27 | 23 | 12 | -36 | |
| -15 | -7 | -0 | 2 | -13 | -19 | |
| -4 | -1 | -19 | -19 | 1 | 92 | |
| Net Cash Flow | -12 | -0 | 8 | 6 | 0 | 36 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 58 | 37 | 43 | 22 | 18 | 27 |
| Inventory Days | 256 | 191 | 235 | 211 | 295 | 582 |
| Days Payable | 207 | 100 | 109 | 53 | 109 | 172 |
| Cash Conversion Cycle | 107 | 128 | 169 | 180 | 204 | 437 |
| Working Capital Days | 46 | 60 | 74 | 58 | 40 | 77 |
| ROCE % | 10% | 12% | 20% | 22% | 18% |
Documents
Announcements
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 12h
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1d - Of Schedule Investor/Analyst interaction (1 X 1) under the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
2d - Of Schedule Investor/Analyst interaction (1 X 1 and Group) under the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015.
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
22 Nov - NHAI awarded Rs.33.27 Cr LOA for Paraghat Toll Plaza user-fee collection; one-year contract.
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Disclosure under Regulation 30A of LODR
22 Nov - NHAI awarded Rs33.27 crore one-year user-fee collection work at Paraghat Toll Plaza, NH-200 rehabilitation/upgradation.
Annual reports
Concalls
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Nov 2025Transcript PPT
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Jul 2025TranscriptNotesPPT
Business Services[1]
a) EPC Services: Design, engineering, procurement, and execution of infrastructure projects.
b) RMC Manufacturing: Production and supply of ready-mixed concrete with a plant capacity of 1.8 lakh cubic meters annually.
c) Toll Collection Contracts: Operating toll booths in Haryana and Uttar Pradesh.
d) Residential Projects: Development of residential plots under BRG Hill View Projects in Indore.
e) Wind Energy: Operating a 1.25 MW windmill in Jaisalmer, Rajasthan.