G R Infraprojects Ltd

G R Infraproject Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

G R Infraprojects Ltd

₹ 1,570 -0.08%
14 Nov - close price
grinfra.com BSE: 543317 NSE: GRINFRA
About

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]

Key Points

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]

Website BSE NSE
  • Market Cap ₹ 15,184 Cr.
  • Current Price ₹ 1,570
  • High / Low ₹ 1,860 / 1,025
  • Stock P/E 16.5
  • Book Value ₹ 821
  • Dividend Yield 0.00 %
  • ROCE 16.9 %
  • ROE 15.6 %
  • Face Value ₹ 5.00
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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 11.2% over past five years.

* 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 Nifty 500 Nifty 500 Multicap 50:25:25 Nifty Total Market BSE 500 BSE 400 MidSmallCap Index

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
1,882 1,955 2,396 2,692 2,136 2,192 2,461 2,478 1,883 2,134 2,485 2,030 1,394
1,492 1,589 1,887 2,005 1,535 1,597 1,791 1,871 1,416 1,626 1,945 1,662 1,041
Operating Profit 390 366 509 687 601 595 670 607 467 508 540 368 353
OPM % 21% 19% 21% 26% 28% 27% 27% 25% 25% 24% 22% 18% 25%
18 19 18 14 25 17 31 21 26 25 343 20 82
Interest 89 104 108 97 108 117 121 137 145 155 128 103 112
Depreciation 71 82 62 63 62 61 59 60 62 61 61 63 63
Profit before tax 249 199 357 540 457 434 521 432 287 316 694 222 260
Tax % 24% 27% 23% 25% 26% 25% 25% 28% 24% 23% 20% 30% 26%
189 145 277 405 336 324 390 310 217 243 553 156 194
EPS in Rs 19.51 15.05 28.60 41.87 34.77 33.47 40.30 32.05 22.46 25.10 57.29 16.08 19.98
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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 Mar 2024 TTM
916 1,047 2,020 3,189 3,141 5,283 6,373 7,844 8,458 9,482 8,980 8,044
769 870 1,708 2,576 2,534 3,999 4,786 5,991 6,723 6,928 6,858 6,275
Operating Profit 147 177 311 613 607 1,284 1,587 1,853 1,735 2,554 2,122 1,769
OPM % 16% 17% 15% 19% 19% 24% 25% 24% 21% 27% 24% 22%
4 8 9 159 43 43 51 67 65 87 415 470
Interest 62 88 105 126 66 170 295 362 420 443 565 498
Depreciation 35 44 50 69 83 149 189 227 282 246 244 249
Profit before tax 55 52 165 577 501 1,008 1,154 1,331 1,099 1,952 1,729 1,492
Tax % 36% 40% 38% -2% 19% 29% 31% 28% 24% 26% 23%
35 31 102 588 406 717 801 955 832 1,454 1,323 1,146
EPS in Rs 13.94 12.16 40.76 118.22 40.82 72.06 80.53 96.01 86.04 150.42 136.90 118.45
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 26%
5 Years: 11%
3 Years: 5%
TTM: -11%
Compounded Profit Growth
10 Years: 41%
5 Years: 9%
3 Years: 4%
TTM: -26%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -7%
1 Year: 45%
Return on Equity
10 Years: 25%
5 Years: 22%
3 Years: 20%
Last Year: 16%

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 Mar 2024 Sep 2024
Equity Capital 25 25 25 48 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 7,543 7,896
682 920 979 531 847 2,141 3,210 4,525 5,282 5,697 3,817 4,314
228 301 561 855 723 1,458 1,546 1,586 1,567 1,795 1,524 1,295
Total Liabilities 1,316 1,656 2,077 2,517 3,112 5,829 7,783 10,091 11,660 13,757 12,932 13,554
235 547 698 384 615 930 1,029 1,345 1,485 1,439 1,309 1,209
CWIP 148 73 28 17 48 43 28 55 59 72 74 95
Investments 10 41 55 151 79 10 2 103 3 56 2,121 2,239
922 996 1,297 1,966 2,370 4,846 6,725 8,588 10,113 12,190 9,427 10,011
Total Assets 1,316 1,656 2,077 2,517 3,112 5,829 7,783 10,091 11,660 13,757 12,932 13,554

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 Mar 2024
680 -371 -244 -267 -457 166 -363 -1,592
353 -340 -784 -144 -735 -257 -9 795
-585 246 1,004 884 972 311 -20 1,120
Net Cash Flow 448 -465 -24 473 -220 220 -393 323

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 Mar 2024
Debtor Days 68 67 52 64 39 38 17 23 24 17 13
Inventory Days 93 105 40
Days Payable 34 73 89
Cash Conversion Cycle 127 98 3 64 39 38 17 23 24 17 13
Working Capital Days 95 25 17 27 112 102 73 90 118 135 147
ROCE % 11% 19% 44% 28% 35% 27% 23% 16% 22% 17%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
86.54% 86.54% 86.54% 79.74% 79.74% 79.74% 79.74% 79.74% 79.74% 74.74% 74.74% 74.71%
2.55% 0.27% 0.23% 0.63% 0.38% 0.49% 0.59% 0.68% 0.57% 0.76% 1.40% 2.07%
7.48% 9.78% 9.69% 15.67% 16.10% 16.17% 16.14% 15.88% 15.86% 20.61% 20.50% 20.12%
3.43% 3.41% 3.54% 3.95% 3.78% 3.60% 3.52% 3.69% 3.82% 3.90% 3.36% 3.09%
No. of Shareholders 77,96175,81174,62974,66872,31968,83267,29766,99268,53668,62066,94564,262

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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