GHV Infra Projects (BSE: GHVINFRA) had a P/E of 34.2× on 6 Nov 2026, above the industry P/E of 16.4×, and the shares are 30% below their 52-week high. It earns ROCE of 30% and ROE of 38%. Debt is 2.00× equity. It is a small-cap company with a market cap of ₹2,079 Cr, ranked 45th of 156 Engineering & Construction companies by market cap; the shares fell 28% over the past year.
- ₹252.00
- ₹260.00
- ₹250.25
- ₹252.10
- 15K
Health check
- ReturnsBehind
−27.7% over a year, better than 2 of 7 peers.
- Price tagPricier
P/E 34.2 vs industry 16.4.
- Growthn/a
Not enough yearly results to measure.
- ProfitabilityStrong
ROCE 30.0% vs peer median 19.9%.
- Balance sheetStretched
Debt 2.00× equity, interest covered 3.6×, Piotroski 6 of 9.
- Red flags2 to check
Debt is 2.00× equity.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹2,079 Cr
- Small cap
- P/E
- 34.2
- Industry 16.4
- Price to book
- 9.43
- Peers 4.92
- Dividend yield
- 0.00%
- ROE
- 38.1%
- Peers 17.9%
- ROCE
- 30.0%
- Peers 19.9%
- Debt to equity
- 2.00
- Debt ₹412 Cr
- EPS (TTM)
- ₹7.55
- OPM (TTM)
- 14.6%
- Net margin 6.6%
- Sales growth
- +63.3%
- Latest quarter vs a year ago
- Profit growth
- +54.9%
- Latest quarter vs a year ago
- Price to sales
- 2.39
- EV/EBITDA 18.6
Strengths and risks
Strengths
- Return on equity of 38.1%.
- Return on capital employed of 30.0%.
- Quarterly profit up 54.9% on a year ago.
- Quarterly sales up 63.3% on a year ago.
Risks to check
- Debt is 2.00× equity.
- P/E of 34.2 against an industry P/E of 16.4.
About GHV Infra Projects
GHV Infra Projects Limited engages in the development of infrastructure facilities in India. The company undertakes roads, bridges, buildings, canals, and irrigation projects; hotels and hospitality, industrial infrastructure, airport infrastructure, and commercial places; roads and rails; and industrial projects, such as steel, power, refinery, petrochemicals, factories. It also engages in solar, wind, thermal, and hydro power projects. The company was…
- Headquarters
- Mumbai
- Employees
- 101
- Sector
- Industrials
- ISIN
- INE809Q01020
- Website
- ghvinfra.com
Price range
- Avg volume (3M)
- 14.8K
- 1-year return
- minus 27.7%
- From 52-week high
- minus 29.8%
Peers · Engineering & Construction
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| LTLarsen & Toubro | 4,117.70 | plus 1.67% | 5,66,549 | 31.7 | 19.6 | 14.6% | 9.6% | 1.05 | 16.1% | plus 3.2% |
| RVNLRail Vikas Nigam | 193.34 | minus 0.18% | 40,312 | 44.9 | 56.9 | 11.0% | 4.3% | 0.49 | 0.2% | minus 40.5% |
| CEMPROCemindia Projects | 1,323.30 | plus 2.79% | 24,405 | 36.4 | 24.2 | 37.1% | 10.3% | 0.38 | 25.5% | plus 49.2% |
| KPILKalpataru Projects International | 1,370.80 | minus 0.04% | 23,410 | 20.6 | 10.1 | 19.9% | 8.3% | 0.46 | 18.4% | plus 4.3% |
| NBCCNBCC (India) | 78.00 | minus 2.90% | 21,060 | 26.5 | 19.8 | 34.3% | 6.1% | 0.00 | 12.9% | minus 29.5% |
| ENGINERSINEngineers India | 292.70 | minus 1.94% | 16,451 | 18.3 | 21.5 | 28.1% | 21.2% | 0.00 | 5.7% | plus 51.1% |
| WABAGVA Tech Wabag | 1,988.20 | plus 6.57% | 12,429 | 29.4 | 20.8 | 16.3% | 10.9% | 0.09 | 9.9% | plus 33.2% |
| GHVINFRAGHV Infra Projects | 258.55 | plus 2.56% | 2,079 | 34.2 | 23.0 | 30.0% | 14.6% | 2.00 | – | minus 27.7% |
| Median of 7 peers | – | −0.04% | 23,410 | 29.4 | 20.8 | 19.9% | 9.6% | 0.38 | 12.9% | 4.3% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 184 | 138 | 214 | 219 | 300 | |
| 161 | 110 | 174 | 194 | 265 | |
| 22.3 | 28.1 | 39.5 | 24.2 | 34.9 | |
| 12.1% | 20.4% | 18.5% | 11.1% | 11.6% | |
| 0.1 | 0.2 | 0.1 | 0.3 | 0.3 | |
| 6.4 | 9.4 | 14.4 | 12 | 13.2 | |
| 0.1 | 0.9 | 0.8 | 0.7 | 1 | |
| 15.8 | 17.9 | 24.4 | 11.8 | 21 | |
| 29.2% | 15.9% | 26.8% | 36.2% | 17.6% | |
| 11.2 | 14.6 | 18.2 | 7.4 | 17.4 | |
| 1.52 | 1.92 | 2.39 | 0.97 | 2.11 |
Profit & loss
- ROE
- 38.1%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| – | – | 183 | 612 | |
| – | – | 158 | 514 | |
| −0.2 | −0.4 | 24.9 | 98.5 | |
| – | – | 13.6% | 16.1% | |
| −0 | 0 | −0.5 | −6.6 | |
| – | – | 1.1 | 25.3 | |
| – | – | 0 | 1.8 | |
| −0.2 | −0.4 | 23.3 | 64.9 | |
| – | – | 26.5% | 24.1% | |
| −0.2 | −0.4 | 17.1 | 49 | |
| -2.23 | -6.21 | 35.47 | 6.59 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 0.7 | 0.7 | 14.4 | 36 | |
| −1.1 | −1.5 | 28.2 | 95.5 | |
| – | – | 30.9 | 192 | |
| 0.4 | 0.8 | 148 | 270 | |
| 0 | 0 | 221 | 593 | |
| – | – | 0.1 | 3.8 | |
| – | – | 59.4 | 9.6 | |
| 0 | 0 | 0.3 | 9 | |
| 0 | 0 | 162 | 571 | |
| 0 | 0 | 221 | 593 |
Cash flow
| ₹ Cr | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|
| 0 | −55.6 | −63.7 | |
| – | −0.7 | −104 | |
| – | 56.4 | 177 | |
| 0 | 0 | 8.9 | |
| – | −0.7 | −3.3 | |
| 0 | −56.3 | −67 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
No recent news coverage found.