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 ₹ 12,404 Cr.
- Current Price ₹ 1,282
- High / Low ₹ 1,860 / 901
- Stock P/E 15.7
- Book Value ₹ 815
- Dividend Yield 0.96 %
- ROCE 14.2 %
- ROE 10.5 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- The company has delivered a poor sales growth of 1.57% over past five years.
- Company has a low return on equity of 13.3% over last 3 years.
- Earnings include an other income of Rs.524 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.
Peer comparison
Sector: Infrastructure Developers & Operators Industry: Construction
Part of BSE 500 BSE SmallCap BSE Allcap BSE Industrials BSE 250 SmallCap Index
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 | |
---|---|---|---|---|---|---|---|---|---|---|
1,882 | 3,090 | 3,066 | 4,950 | 6,028 | 7,244 | 7,919 | 8,148 | 7,788 | 6,516 | |
1,658 | 2,549 | 2,502 | 3,943 | 4,786 | 5,931 | 6,638 | 6,834 | 6,653 | 5,611 | |
Operating Profit | 224 | 541 | 565 | 1,007 | 1,242 | 1,314 | 1,281 | 1,313 | 1,135 | 905 |
OPM % | 12% | 18% | 18% | 20% | 21% | 18% | 16% | 16% | 15% | 14% |
14 | 159 | 52 | 67 | 94 | 124 | 129 | 181 | 1,606 | 524 | |
Interest | 38 | 53 | 63 | 106 | 146 | 140 | 127 | 102 | 104 | 86 |
Depreciation | 44 | 64 | 81 | 138 | 187 | 227 | 282 | 246 | 244 | 245 |
Profit before tax | 156 | 583 | 473 | 831 | 1,003 | 1,071 | 1,002 | 1,146 | 2,393 | 1,098 |
Tax % | 35% | -0% | 17% | 28% | 31% | 27% | 24% | 26% | 17% | 27% |
101 | 583 | 393 | 596 | 689 | 781 | 761 | 852 | 1,977 | 807 | |
EPS in Rs | 40.62 | 117.26 | 39.49 | 59.90 | 69.26 | 78.49 | 78.69 | 88.09 | 204.51 | 83.38 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 2% |
3 Years: | -6% |
TTM: | -16% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 3% |
3 Years: | 1% |
TTM: | -5% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | -3% |
1 Year: | -20% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 16% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 25 | 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 |
349 | 395 | 615 | 1,061 | 1,104 | 1,381 | 1,134 | 1,094 | 753 | 517 | |
508 | 814 | 790 | 1,283 | 1,259 | 1,372 | 1,216 | 1,422 | 1,446 | 1,395 | |
Total Liabilities | 1,396 | 2,348 | 2,943 | 4,484 | 5,191 | 6,358 | 6,713 | 7,731 | 9,394 | 9,800 |
286 | 383 | 615 | 902 | 1,032 | 1,345 | 1,485 | 1,438 | 1,309 | 1,075 | |
CWIP | 28 | 17 | 48 | 43 | 28 | 55 | 59 | 72 | 74 | 137 |
Investments | 69 | 202 | 229 | 257 | 255 | 364 | 324 | 86 | 2,588 | 2,993 |
1,013 | 1,746 | 2,051 | 3,281 | 3,875 | 4,593 | 4,846 | 6,135 | 5,423 | 5,595 | |
Total Assets | 1,396 | 2,348 | 2,943 | 4,484 | 5,191 | 6,358 | 6,713 | 7,731 | 9,394 | 9,800 |
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 | 40 | ||||||
Days Payable | 83 | 132 | 54 | 63 | ||||||
Cash Conversion Cycle | 6 | 62 | 59 | 74 | 49 | 45 | 33 | 83 | 81 | 80 |
Working Capital Days | 17 | 27 | 67 | 62 | 67 | 83 | 99 | 117 | 118 | 148 |
ROCE % | 41% | 28% | 35% | 32% | 27% | 22% | 21% | 15% | 14% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
19h - Transcript of an earning conference call for the quarter and financial year ended 31st March 2025
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Announcement under Regulation 30 (LODR)-Newspaper Publication
17 May - Newspaper advertisement of Financial Results for the quarter and financial year ended 31st March 2025.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
16 May - Audio recording of Q4 FY2025 earnings call available on company website.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
16 May - Annual Secretarial Compliance Report for FY ended March 31, 2025, confirming full regulatory compliance.
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Integrated Filing (Financial)
15 May - Approved audited FY25 results; appointed cost and secretarial auditors; recommended director re-appointments.
Annual reports
Concalls
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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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Aug 2024Transcript PPT
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Jun 2024Transcript PPT
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Aug 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 2022TranscriptNotesPPT
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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 has designed and constructed over 100 road projects across 16 states in India. [1]
Its principal business of civil construction which accounts for ~90% of revenues includes EPC, BOT, and HAM projects in the road sector and EPC projects in railway, metro, airport runways and Optical Fibre Cable (OFC) projects. Apart from road construction, Co. has also ventured into the Power Transmission business as a part of its diversification strategy. [2]
GRIL has a portfolio of 10 operational assets, including one NHAI annuity project, one state HAM project, and the balance eight NHAI HAM projects.[3]