On 6 Nov 2026, G R Infraprojects was priced at ₹785.55, or 6.8× trailing earnings, against an industry P/E of 16.4×, and the shares are 33% below their 52-week high. Sales and net profit fell 2.9% and 15% a year over 3 years; its ROCE of 12% is the second-lowest among the 7 largest Engineering & Construction peers. Debt is 0.52× equity, and its dividend yield is 0.7%. It is a small-cap company with a market cap of ₹7,601 Cr, ranked 18th of 156 Engineering & Construction companies by market cap; the shares fell 32% over the past year.
- ₹785.60
- ₹793.20
- ₹768.80
- ₹785.60
- 15.3K
Health check
- ReturnsBehind
−31.7% over a year, better than 1 of 7 peers.
- Price tagCheaper
P/E 6.8 vs industry 16.4.
- GrowthShrinking
Sales −2.9%, profit −14.7% a year over 3 years.
- ProfitabilityWeak
ROCE 12.4% vs peer median 19.9%.
- Balance sheetFair
Debt 0.52× equity, interest covered 3.6×, Piotroski 5 of 9.
- Red flags2 to check
33% below its 52-week high.
Small cap
Defensive
Key metrics
- Market cap
- ₹7,601 Cr
- Small cap
- P/E
- 6.8
- Industry 16.4
- Price to book
- 0.81
- Peers 4.92
- Dividend yield
- 0.65%
- ROE
- 10.1%
- Peers 17.9%
- ROCE
- 12.4%
- Peers 19.9%
- Debt to equity
- 0.52
- Debt ₹4,872 Cr
- EPS (TTM)
- ₹115.35
- Face value ₹5
- OPM (TTM)
- 18.4%
- Net margin 11.0%
- Sales growth
- +40.1%
- Latest quarter vs a year ago
- Profit growth
- +46.4%
- Latest quarter vs a year ago
- Price to sales
- 0.83
- EV/EBITDA 6.4
Strengths and risks
Strengths
- Quarterly profit up 46.4% on a year ago.
- Quarterly sales up 40.1% on a year ago.
- P/E of 6.8 against an industry P/E of 16.4.
Risks to check
- 33% below its 52-week high.
- Interest coverage of only 1.7×.
About G R Infraprojects
G R Infraprojects Limited provides civil construction services in India. It operates through the Engineering, Procurement, and Construction; Built, Operate and Transfer/Annuity Projects; and Others segments. It offers engineering, procurement, construction (EPC), and project management services for roads and highways, bridges, airport runway, railways and metro, hydro and tunneling, power transmission and distribution, ropeways, logistics infrastructure,…
- Headquarters
- Udaipur
- Employees
- 9,982
- Sector
- Industrials
- ISIN
- INE201P01022
- Website
- grinfra.com
Price range
- Avg volume (3M)
- 25.8K
- 1-year return
- minus 31.7%
- From 52-week high
- minus 32.7%
Analyst consensus
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% | 10.4% | 0.35 | 25.5% | plus 49.2% |
| KPILKalpataru Projects International | 1,370.80 | minus 0.04% | 23,410 | 19.7 | 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% | 12,434 | 29.4 | 20.8 | 16.3% | 10.9% | 0.09 | 9.9% | plus 33.2% |
| GRINFRAG R Infraprojects | 785.55 | minus 0.01% | 7,601 | 6.8 | 13.8 | 12.4% | 18.4% | 0.52 | −2.9% | minus 31.7% |
| Median of 7 peers | – | −0.04% | 23,410 | 29.4 | 20.8 | 19.9% | 9.6% | 0.35 | 12.9% | 4.3% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 1,988 | 1,602 | 2,308 | 2,500 | 2,784 | |
| 1,590 | 1,215 | 1,840 | 2,132 | 2,316 | |
| 398 | 387 | 468 | 368 | 468 | |
| 20.0% | 24.2% | 20.3% | 14.7% | 16.8% | |
| 92 | 49.9 | 76.9 | 76.6 | 99.4 | |
| 117 | 126 | 153 | 112 | 103 | |
| 52.3 | 50.9 | 49 | 46.6 | 46 | |
| – | – | 13.9 | 33.5 | 61.2 | |
| 321 | 260 | 356 | 320 | 480 | |
| 23.9% | 27.2% | 27.4% | 34.3% | 25.4% | |
| 244 | 193 | 259 | 207 | 357 | |
| 25.22 | 19.90 | 26.78 | 21.39 | 36.93 |
Profit & loss
- Sales CAGR 3Y
- −2.9%
- Profit CAGR 3Y
- −14.7%
- EPS CAGR 3Y
- −14.7%
- ROE
- 10.1%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 8,180 | 7,943 | 6,591 | 7,485 | |
| – | minus 2.9% | minus 17.0% | +13.6% | |
| 6,860 | 6,745 | 5,624 | 6,676 | |
| 1,320 | 1,198 | 967 | 809 | |
| 16.1% | 15.1% | 14.7% | 10.8% | |
| 1,277 | 1,042 | 968 | 1,050 | |
| 424 | 541 | 426 | 489 | |
| 246 | 244 | 245 | 199 | |
| 25.5 | 274 | 71.6 | 87.3 | |
| 1,952 | 1,729 | 1,337 | 1,258 | |
| 25.5% | 23.5% | 24.0% | 28.2% | |
| 1,454 | 1,324 | 1,014 | 903 | |
| – | minus 9.0% | minus 23.4% | minus 11.0% | |
| 150.42 | 136.87 | 104.81 | 93.30 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 48.3 | 48.3 | 48.4 | 48.4 | |
| 6,217 | 7,543 | 8,443 | 9,331 | |
| 5,697 | 3,817 | 4,971 | 4,872 | |
| 1,799 | 1,533 | 1,467 | 1,797 | |
| 13,760 | 12,942 | 14,929 | 16,048 | |
| 1,512 | 1,388 | 1,239 | 1,139 | |
| 75.2 | 79.8 | 151 | 114 | |
| 2.5 | 6.8 | 57.6 | 2.5 | |
| 420 | 690 | 1,160 | 1,347 | |
| 11,750 | 10,777 | 12,323 | 13,446 | |
| 13,760 | 12,942 | 14,929 | 16,048 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −363 | −1,590 | −2,042 | −2,811 | |
| −8.8 | 946 | 422 | 1,623 | |
| −20.3 | 1,120 | 1,735 | 1,523 | |
| −393 | 476 | 115 | 334 | |
| −297 | −120 | −156 | −233 | |
| −661 | −1,711 | −2,198 | −3,045 | |
| – | – | −111 | −32.5 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 21.1% (Yahoo estimate).
Major shareholders
Filings & events
News
No recent news coverage found.