G R Infraprojects Limited
NSE: GRINFRA · Civil Construction · sector
₹779.75NSE close 2026-10-26
Key numbers
Market cap₹7,545 cr
Price₹779.75
52w high / low₹1,210 / ₹771
P/E7.4xSector median 12.2x
P/B0.8xSector median 1.3x
Book value₹969.4
Dividend yield0.43%Sector median 0.76%
ROE11.4%Sector median 10.2%
ROCE13.4%Sector median 12.9%
OPM21.4%Sector median 10.7%
Debt / equity0.52xSector median 0.36x
EV/EBITDA5.5xSector median 8.8x
Interest cover3.9x
Current ratio3.54x
Sales growth 3y-4.0%Sector median +6.7%
Profit growth 3y-14.7%Sector median +5.8%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 119 companies in Civil Construction (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹1,489 cr vs borrowings ₹4,845 cr (FY26): borrowings are higher by ₹3,357 cr.
- Operating profit covered interest 3.9x in the last 12 months.
- Operating cash flow was below net profit in 5 of the last 5 years (FY26, FY25, FY24, FY23, FY22).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 13% of net profit in the last 12 months.
- Debtor days went from 13 (FY24) to 32 (FY26).
- Dividend paid in 2 of the last 5 financial years.
- Price ₹779.75 on 2026-10-26: -35.6% from the 52-week high, +1.1% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹1,693.00 · low ₹777.35
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,394 | 1,694 | 2,276 | 1,988 | 1,602 | 2,308 | 2,500 | 2,784 |
| EBITDA | 414 | 421 | 631 | 451 | 413 | 524 | 448 | 583 |
| OPM % | 29.7% | 24.9% | 27.7% | 22.7% | 25.8% | 22.7% | 17.9% | 21.0% |
| Other income | 21 | 103 | 50 | 40 | 24 | 35 | 30 | 45 |
| Net profit | 194 | 263 | 403 | 244 | 193 | 259 | 210 | 357 |
| EPS (₹) | 19.99 | 27.06 | 41.75 | 25.23 | 19.91 | 26.79 | 21.39 | 36.93 |
| Revenue YoY | +14.9% | +36.2% | +9.9% | +40.1% | ||||
| Profit YoY | -0.5% | -1.5% | -47.9% | +46.4% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 8,458 | 9,482 | 8,980 | 7,395 | 8,399 | 9,195 |
| EBITDA | 1,734 | 2,554 | 2,435 | 1,834 | 1,836 | 1,968 |
| Net profit | 832 | 1,454 | 1,323 | 1,015 | 903 | 1,019 |
| EPS (₹) | 86.04 | 150.42 | 136.90 | 104.88 | 93.31 | 105.02 |
| Revenue growth | +12.1% | -5.3% | -17.7% | +13.6% | +25.1% | |
| Profit growth | +74.8% | -9.0% | -23.2% | -11.1% | -7.7% | |
| Dividend / share (₹) | – | – | – | 12.50 | 2.50 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -4.0% | – | +25.1% |
| Net profit | -14.7% | – | -7.7% |
| EPS | -14.7% | – | – |
| Share price | – | -29.6% (2y) | -33.6% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 6,265 | 7,592 | 8,492 | 9,380 |
| Borrowings | – | 5,679 | 3,803 | 4,966 | 4,845 |
| Cash & equivalents | – | 834 | 745 | 1,226 | 1,489 |
| Total assets | – | 13,786 | 12,942 | 14,929 | 16,048 |
| Fixed assets | – | 1,437 | 1,308 | 1,082 | 997 |
| Capital work in progress | – | 72 | 74 | 147 | 106 |
| Investments | – | 2 | 3 | 3 | 2 |
| Receivables | – | 462 | 308 | 225 | 745 |
| Inventory | – | 884 | 768 | 538 | 986 |
| Payables | – | 871 | 797 | 875 | 1,105 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 148 | 184 | -1,592 | -2,032 | -2,811 |
| Cash from investing | -257 | -557 | 795 | 433 | 1,623 |
| Cash from financing | 329 | -20 | 1,120 | 1,724 | 1,523 |
| Capex | 435 | 297 | 118 | 156 | 233 |
| Free cash flow | -287 | -113 | -1,711 | -2,187 | -3,045 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 23.2% | 17.4% | 12.0% | 9.6% |
| ROCE % | – | 20.1% | 20.1% | 13.3% | 12.4% |
| Debtor days | – | 18 | 13 | 11 | 32 |
| Inventory days | – | 1,399 | 979 | 645 | 891 |
| Payable days | – | 1,379 | 1,016 | 1,049 | 998 |
| Cash conversion cycle (days) | – | 38 | -24 | -393 | -75 |
| Working capital days | – | 137 | 154 | 159 | 211 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 74.69% |
| FIIs | 2.31% |
| DIIs | 19.55% |
| of which Mutual funds | 18.02% |
| of which Insurance | 1.40% |
| Public (non-institutions) | 3.46% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 74.70% | 74.70% | 74.70% | 74.69% | 74.69% | 74.69% | 74.69% | 74.69% |
| Promoter group | % |
|---|---|
| Lokesh Builders Private Limited | 31.80% |
| Suman Agarwal | 6.52% |
| Ajendra Agarwal | 5.55% |
| Mahendra Agarwal | 5.48% |
| Harish Kumar Agarwal | 3.94% |
| Purshottam Agarwal | 3.94% |
| Devki Nandan Agarwal | 3.53% |
| Sangeeta Agarwal | 2.58% |
| Kiran Agarwal | 2.58% |
| Laxmi Devi Agarwal | 2.17% |
| Ritu Agarwal | 1.04% |
| Jasamrit Creations Private Limited | 0.98% |
| Lalita Agarwal | 0.97% |
| Jasamrit Designers Private Limited | 0.83% |
| Jasamrit Construction Private Limited | 0.78% |
| Public holders above 1% | % |
|---|---|
| SBI Mutual Fund | 5.34% |
| Kotak Mutual Fund | 4.32% |
| HDFC Mutual Fund | 2.49% |
| UTI Mutual Fund | 2.15% |
| Tata AIA Life Insurance Company Ltd | 1.37% |
| Tata Mutual Fund | 1.30% |
| Nippon India Mutual Fund | 1.23% |
| Kandoi Fabrics Private Limited | 1.06% |
60,622 shareholders. Pledged: – of promoter shares.
Peers in Civil Construction
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| LT | ₹5,06,276 cr | 30.5x | 4.6x | 16.7% | 12.8% | 9.4% | +22.2% | 0.92% |
| RVNL | ₹38,083 cr | 42.4x | 3.9x | 9.3% | 10.5% | 4.3% | +0.2% | 1.51% |
| KPIL | ₹22,134 cr | 19.5x | 2.8x | 15.9% | 17.7% | 8.4% | +18.4% | 0.69% |
| IRB | ₹19,639 cr | 20.6x | 0.9x | 4.7% | 7.6% | 53.9% | +6.1% | 0.65% |
| CEMPRO | ₹19,444 cr | 32.3x | 8.1x | 28.4% | 32.3% | 10.4% | +25.5% | 0.18% |
| NBCC | ₹18,536 cr | 25.1x | 6.1x | 27.0% | 33.9% | 5.8% | +13.8% | 1.08% |
| ENGINERSIN | ₹13,725 cr | 17.5x | 4.4x | 27.0% | 28.8% | 19.4% | +5.7% | 1.84% |
| TECHNOE | ₹9,612 cr | 22.3x | 2.3x | 10.9% | 13.7% | 14.0% | +57.7% | 1.09% |
| IRCON | ₹9,177 cr | 17.5x | 1.4x | 8.1% | 8.2% | 8.3% | -4.4% | 2.25% |
| GRINFRA | ₹7,545 cr | 7.4x | 0.8x | 11.4% | 13.4% | 21.4% | -4.0% | 0.43% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Build, Operate and Transfer (BOT)/ Annuity Projects | ₹5,476 cr | 65.2% | ₹1,181 cr | 21.6% |
| Engineering, Procurement and Construction (EPC) | ₹2,325 cr | 27.7% | ₹293 cr | 12.6% |
| Others | ₹598 cr | 7.1% | ₹109 cr | 18.2% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-02-18 | Dividend | Interim Dividend - Rs 2.50 Per Share |
| 2025-03-13 | Dividend | Interim Dividend - Rs 12.50 Per Share |
| 2022-11-17 | Dividend | Interim Dividend |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Infrastructure Development: GRIL executes a diverse range of infrastructure projects using various models such as Engineering Procurement and Construction (EPC), Built Operate and Transfer (BOT) and Hybrid Annuity Mode (HAM). The infrastructure portfolio includes projects in the road sector, railways, metros, tunnels, power transmission, ropeways and Optic Fiber Cable (OFC) infrastructure.
| Sector | Industrials |
| Industry | Civil Construction |
| Sub-industry | Civil Construction |
| Symbol | GRINFRA |
| BSE code | 543317 |
| ISIN | INE201P01022 |
| Face value | ₹5.0 |
| Incorporated | 1995-12-22 |
| Website | www.grinfra.com |
| Plants (India / abroad) | 8 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.