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 ₹ 16,211 Cr.
- Current Price ₹ 1,678
- High / Low ₹ 1,860 / 1,025
- Stock P/E 19.4
- Book Value ₹ 744
- Dividend Yield 0.00 %
- ROCE 15.7 %
- ROE 13.5 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 9.49% over past five years.
- Earnings include an other income of Rs.1,606 Cr.
- Debtor days have increased from 66.0 to 80.7 days.
* 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
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 | |
---|---|---|---|---|---|---|---|---|---|
1,882 | 3,090 | 3,066 | 4,950 | 6,028 | 7,244 | 7,919 | 8,148 | 7,788 | |
1,658 | 2,549 | 2,502 | 3,943 | 4,786 | 5,931 | 6,638 | 6,834 | 6,653 | |
Operating Profit | 224 | 541 | 565 | 1,007 | 1,242 | 1,314 | 1,281 | 1,313 | 1,135 |
OPM % | 12% | 18% | 18% | 20% | 21% | 18% | 16% | 16% | 15% |
14 | 159 | 52 | 67 | 94 | 124 | 129 | 181 | 1,606 | |
Interest | 38 | 53 | 63 | 106 | 146 | 140 | 127 | 102 | 104 |
Depreciation | 44 | 64 | 81 | 138 | 187 | 227 | 282 | 246 | 244 |
Profit before tax | 156 | 583 | 473 | 831 | 1,003 | 1,071 | 1,002 | 1,146 | 2,393 |
Tax % | 35% | -0% | 17% | 28% | 31% | 27% | 24% | 26% | 17% |
101 | 583 | 393 | 596 | 689 | 781 | 761 | 852 | 1,977 | |
EPS in Rs | 40.62 | 117.26 | 39.49 | 59.90 | 69.26 | 78.49 | 78.69 | 88.09 | 204.51 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 9% |
3 Years: | 2% |
TTM: | -4% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 7% |
3 Years: | 2% |
TTM: | -1% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | -1% |
1 Year: | 30% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 19% |
3 Years: | 16% |
Last Year: | 13% |
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 | |
---|---|---|---|---|---|---|---|---|---|
Equity Capital | 25 | 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 |
349 | 395 | 615 | 1,061 | 1,104 | 1,381 | 1,134 | 1,094 | 753 | |
508 | 814 | 790 | 1,283 | 1,259 | 1,372 | 1,216 | 1,448 | 1,446 | |
Total Liabilities | 1,396 | 2,348 | 2,943 | 4,484 | 5,191 | 6,358 | 6,713 | 7,756 | 9,395 |
286 | 383 | 615 | 902 | 1,032 | 1,345 | 1,485 | 1,438 | 1,309 | |
CWIP | 28 | 17 | 48 | 43 | 28 | 55 | 59 | 72 | 74 |
Investments | 69 | 202 | 229 | 257 | 255 | 364 | 324 | 86 | 2,588 |
1,013 | 1,746 | 2,051 | 3,281 | 3,875 | 4,593 | 4,846 | 6,160 | 5,423 | |
Total Assets | 1,396 | 2,348 | 2,943 | 4,484 | 5,191 | 6,358 | 6,713 | 7,756 | 9,395 |
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 | |
---|---|---|---|---|---|---|---|---|---|
377 | -4 | 652 | 831 | 420 | 561 | 764 | 848 | ||
123 | -632 | -906 | -319 | -925 | -237 | -646 | -265 | ||
-18 | 126 | 273 | -45 | 159 | -381 | -126 | -424 | ||
Net Cash Flow | 482 | -510 | 19 | 467 | -346 | -57 | -8 | 158 |
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 | |
---|---|---|---|---|---|---|---|---|---|
Debtor Days | 49 | 62 | 77 | 64 | 49 | 45 | 33 | 84 | 81 |
Inventory Days | 40 | 113 | 63 | 48 | |||||
Days Payable | 83 | 132 | 54 | 50 | |||||
Cash Conversion Cycle | 6 | 62 | 59 | 74 | 49 | 45 | 33 | 84 | 79 |
Working Capital Days | 17 | 27 | 67 | 62 | 67 | 83 | 99 | 117 | 118 |
ROCE % | 41% | 28% | 35% | 32% | 27% | 22% | 21% | 16% |
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
4 Jul - Certificate under Regulation 74(5) of the SEBI (DP) Regulations, 2018 for the quarter ended 30th June 2024.
- Closure of Trading Window 27 Jun
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Outcome Of Board Meeting Held On 25Th June 2024.
25 Jun - Outcome of the Board Meeting including approval of the Non-binding Counter offer received from Bharat Highways InvIT.
- Board Meeting Outcome for Outcome Of Board Meeting 25 Jun
- Intimation Of Declaration Of Appointed Date. 24 Jun
Annual reports
Concalls
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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]