Giriraj Civil Developers Ltd
Incorporated in 2005, Giriraj Civil Developers Ltd is in the business of civil construction[1]
- Market Cap ₹ 852 Cr.
- Current Price ₹ 356
- High / Low ₹ 415 / 179
- Stock P/E 47.6
- Book Value ₹ 54.8
- Dividend Yield 0.00 %
- ROCE 20.0 %
- ROE 14.6 %
- Face Value ₹ 10.0
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last 3 years: -13.1%
* 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
Half Yearly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| 126 | 174 | 314 | |
| 118 | 159 | 289 | |
| Operating Profit | 8 | 16 | 25 |
| OPM % | 7% | 9% | 8% |
| 1 | 2 | 4 | |
| Interest | 2 | 3 | 3 |
| Depreciation | 0 | 1 | 1 |
| Profit before tax | 6 | 13 | 25 |
| Tax % | 29% | 25% | 27% |
| 4 | 10 | 18 | |
| EPS in Rs | 2.23 | 4.23 | 7.47 |
| Dividend Payout % | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 80% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 77% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 154% |
| 1 Year: | -12% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 15% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Equity Capital | 4 | 24 | 24 |
| Reserves | 56 | 89 | 107 |
| 22 | 10 | 26 | |
| 35 | 58 | 147 | |
| Total Liabilities | 117 | 181 | 304 |
| 9 | 10 | 12 | |
| CWIP | 0 | 0 | 0 |
| Investments | 0 | 0 | 70 |
| 108 | 172 | 222 | |
| Total Assets | 117 | 181 | 304 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| 1 | -39 | -5 | |
| -8 | -0 | -0 | |
| 23 | 30 | 11 | |
| Net Cash Flow | 17 | -10 | 6 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Debtor Days | 47 | 77 | 0 |
| Inventory Days | 144 | 137 | 108 |
| Days Payable | 104 | 125 | 85 |
| Cash Conversion Cycle | 87 | 89 | 23 |
| Working Capital Days | 61 | 106 | 107 |
| ROCE % | 16% | 20% |
Documents
Announcements
-
Shareholders meeting
3 October 2025 - AGM on 30‑Sep‑2025: 12 resolutions passed, including sale of undertaking, higher borrowing, investments, remuneration increases.
-
Shareholders meeting
30 September 2025 - AGM (30 Sep 2025): approved ₹1,000 crore borrowing/investment limits, asset disposal powers, director appointments, salary hikes.
-
Trading Window
25 September 2025 - Trading window closed from 1 Oct 2025 until 48 hours after H1 FY results announcement.
-
General Updates
22 September 2025 - GIRIRAJ to participate in Bharat Connect Conference: Rising Stars on 25 Sept 2025, 1-2pm (virtual group meeting).
-
Outcome of Board Meeting
16 September 2025 - Giriraj Civil Developers Limited has informed regarding Board meeting held on September 16, 2025.
Business Overview:
GCDL provides contracting services in various disciplines of civil construction projects. It specializes in Railway civil construction work such as:
a) Railway Station Building[1]
b) Officer Residential Building[2]
c) Road over Bridge (ROB)[3]
d) Foot Over Bridge (FOB)[4]
e) Car Shed, Railway Yard[5]
f) Laying and fitting of track[6]
g) Earthworks[7]
h) Railway Bridge*[8]
Apart from this, numerous other infrastructure and construction works
awarded by local government authorities, such as construction of roads, expansion
of roads, construction of community halls, government schools, development of gardens, and repair and maintenance of such activities