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 ₹ 13,176 Cr.
- Current Price ₹ 1,362
- High / Low ₹ 1,435 / 976
- Stock P/E 11.4
- Book Value ₹ 703
- Dividend Yield 0.00 %
- ROCE 21.6 %
- ROE 26.1 %
- Face Value ₹ 5.00
Pros
- Company has delivered good profit growth of 29.1% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 24.1%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company might be capitalizing the interest cost
* 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|
916 | 1,047 | 2,020 | 3,189 | 3,141 | 5,283 | 6,373 | 7,844 | 8,458 | 9,482 | 8,956 | |
769 | 870 | 1,708 | 2,576 | 2,534 | 3,999 | 4,786 | 5,991 | 6,723 | 6,928 | 6,704 | |
Operating Profit | 147 | 177 | 311 | 613 | 607 | 1,284 | 1,587 | 1,853 | 1,735 | 2,554 | 2,252 |
OPM % | 16% | 17% | 15% | 19% | 19% | 24% | 25% | 24% | 21% | 27% | 25% |
4 | 8 | 9 | 159 | 43 | 43 | 51 | 67 | 65 | 87 | 103 | |
Interest | 62 | 88 | 105 | 126 | 66 | 170 | 295 | 362 | 420 | 443 | 557 |
Depreciation | 35 | 44 | 50 | 69 | 83 | 149 | 189 | 227 | 282 | 246 | 242 |
Profit before tax | 55 | 52 | 165 | 577 | 501 | 1,008 | 1,154 | 1,331 | 1,099 | 1,952 | 1,556 |
Tax % | 36% | 40% | 38% | -2% | 19% | 29% | 31% | 28% | 24% | 26% | |
35 | 31 | 102 | 588 | 406 | 717 | 801 | 955 | 832 | 1,454 | 1,160 | |
EPS in Rs | 13.94 | 12.16 | 40.76 | 118.22 | 40.82 | 72.06 | 80.53 | 96.01 | 86.04 | 150.42 | 119.91 |
Dividend Payout % | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 25% |
3 Years: | 14% |
TTM: | -5% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 29% |
3 Years: | 22% |
TTM: | -14% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | 39% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 26% |
3 Years: | 24% |
Last Year: | 26% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 25 | 25 | 25 | 48 | 48 | 48 | 48 | 48 | 48 | 48 | 48 |
Reserves | 381 | 410 | 513 | 1,083 | 1,494 | 2,181 | 2,979 | 3,932 | 4,763 | 6,217 | 6,746 |
682 | 920 | 979 | 531 | 847 | 2,141 | 3,210 | 4,525 | 5,282 | 5,697 | 6,324 | |
228 | 301 | 561 | 855 | 723 | 1,458 | 1,546 | 1,586 | 1,567 | 1,820 | 1,787 | |
Total Liabilities | 1,316 | 1,656 | 2,077 | 2,517 | 3,112 | 5,829 | 7,783 | 10,091 | 11,660 | 13,782 | 14,904 |
235 | 547 | 698 | 384 | 615 | 930 | 1,029 | 1,345 | 1,485 | 1,439 | 1,372 | |
CWIP | 148 | 73 | 28 | 17 | 48 | 43 | 28 | 55 | 59 | 72 | 56 |
Investments | 10 | 41 | 55 | 151 | 79 | 10 | 2 | 103 | 3 | 56 | 143 |
922 | 996 | 1,297 | 1,966 | 2,370 | 4,846 | 6,725 | 8,588 | 10,113 | 12,215 | 13,334 | |
Total Assets | 1,316 | 1,656 | 2,077 | 2,517 | 3,112 | 5,829 | 7,783 | 10,091 | 11,660 | 13,782 | 14,904 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|
680 | -371 | -244 | -267 | -457 | 166 | 184 | ||||
353 | -340 | -784 | -144 | -735 | -257 | -557 | ||||
-585 | 246 | 1,004 | 884 | 972 | 311 | -20 | ||||
Net Cash Flow | 448 | -465 | -24 | 473 | -220 | 220 | -393 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 68 | 67 | 52 | 64 | 39 | 38 | 17 | 23 | 24 | 18 |
Inventory Days | 93 | 105 | 40 | |||||||
Days Payable | 34 | 73 | 89 | |||||||
Cash Conversion Cycle | 127 | 98 | 3 | 64 | 39 | 38 | 17 | 23 | 24 | 18 |
Working Capital Days | 95 | 25 | 17 | 27 | 112 | 102 | 96 | 90 | 118 | 135 |
ROCE % | 11% | 19% | 44% | 28% | 35% | 27% | 23% | 16% | 22% |
Documents
Announcements
- Certificate Under Regulation 40(9) Of The SEBI (LODR) Regulations, 2015 For The Year Ended 31St March 2024. 12 Apr
- Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2 10 Apr
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 10 Apr
- Intimation Regarding Submission Of Latest Corporate Presentation. 9 Apr
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
6 Apr - Certificate under Regulation 74(5) of the SEBI (DP) Regulations, 2018 for the quarter ended 31st March 2024.
Annual reports
Concalls
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Feb 2024Transcript 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]