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NSE:GRINFRA

G R INFRAPROJECTS LIMITED

Construction › Construction
₹760.00
at close · 27 Oct 2026
▼ 19.00 (-2.44%)

Latest filings

  1. G R Infraprojects: High Court Quashes GST Show Cause Notice · Regulatory & Legal
  2. Subsidiary executes concession agreement for MMLP Varanasi project worth Rs 91.60 Cr · Business Updates
  3. Two executives re-categorised as Senior Management Personnel · Management Changes
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Constructs and operates highways, expressways and bridges in India, primarily under Hybrid Annuity Mode (HAM) and Build-Operate-Transfer (BOT) models with government clients. The BOT/Annuity segment, which builds roads and then collects tolls or annuity payments from the government, is the largest at 65.2% of segment revenue (₹5,476.09 crore), followed by Engineering, Procurement and Construction (EPC) contracts at 27.7% (₹2,324.84 crore), and Others at 7.1% (₹597.68 crore). FY26 consolidated revenue was ₹8,398.62 crore with an EBITDA margin of 23.39%, while the standalone order book stood at ₹26,470 crore, of which ₹10,700 crore was added during the year. Five HAM projects received Provisional Completion Certificates in FY26, and four HAM assets were monetised to the Indus Infra Trust for ₹321 crore. The company is diversifying beyond road work into power transmission, tunnels, oil & gas, and logistics/warehousing. The biggest input cost is bitumen and diesel, which account for roughly 40% of road construction cost.

Revenue mix · reported segments
Build, Operate and Transfer (BOT)/ Annuity Projects65.2%
Engineering, Procurement and Construction (EPC)27.7%
Others7.1%
Operating scale
Order book
₹26,470 crFY26 end
FY26 new orders won
₹10,700 crFY26
FY27 order intake target
₹20,000–22,000 crFY27 guidance
Standalone debt / equity
0.03xFY26
Working capital cycle
128 daysFY26
FY27 oil & gas revenue target
₹1,200 crFY27 guidance
Who pays it
Central and state governments, NHAI, MoRTH and other public infrastructure authorities
Biggest cost
Bitumen and diesel, which together account for roughly 40% of road construction cost
Kind of business
Asset-heavy civil construction with a long-gestation hybrid annuity and toll-road portfolio
Where it sits
Diversified Indian EPC and HAM road builder now extending into power transmission, tunnels, oil & gas and logistics
Market Cap
₹7,354 Cr
P / E (TTM)
7.2×
EV / EBITDA
5.3×
Div Yield
0.44%
Growth
—·
Revenue 5y CAGR
PAT — · EBITDA —
Quality
16.0%▲
ROCE (5y median)
ROE 17.3% (5y median) · margin 23.4%
Leverage
0.52·
Debt / Equity · moderate
Net debt ₹3,862 Cr
Revenue FY22→FY26
1.0×▼
Margin +0.9 pts
₹8,458 Cr → ₹8,399 Cr
Cash conversion
-1.10×▼
Operating cash ÷ profit · 5 yrs
₹-6,103 Cr on ₹5,527 Cr
Moves on a normal day
0.96%·
Median daily move
Last 268 sessions · the yardstick for filing-day moves
Where it sits among 110 Civil Construction peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#24/101
P/B#25/85
ROCE#58/107
ROE#41/87
Debt / Equity#57/87
EBITDA margin#14/88
Revenue growth#15/86
Profit growth#20/84

Scorecard

Measured from the filed financials, judged against its Civil Construction peers · as of FY26 — not investment advice

Strengths
Returns on capital 16.0% (5-year median)
#58 of 107 in Civil Construction on the latest reported figures · down from 16.0% in FY22
Concerns
Over 5 years it reported ₹5,527 Cr of profit and an operating cash outflow of ₹6,103 Cr — -1.10×
Less than 60p of every ₹1 of profit arrived as cash

Charts

How has the market priced it — with filings on the timeline?

GRINFRA · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from G R INFRAPROJECTS LIMITED's filed financials and exchange disclosures

What does G R INFRAPROJECTS LIMITED do?

G R INFRAPROJECTS LIMITED is a Construction company listed on NSE and BSE, trading under the symbol GRINFRA.

Is G R INFRAPROJECTS LIMITED profitable?

Yes. Over the trailing twelve months G R INFRAPROJECTS LIMITED reported a net profit of ₹1,016 Cr on revenue of ₹9,195 Cr.

Does G R INFRAPROJECTS LIMITED pay a dividend?

Yes. The dividend yield is 0.44% at the current price. It paid out 4% of its profit as dividend in FY26.

Is G R INFRAPROJECTS LIMITED debt-free?

No. It reported borrowings of ₹4,845 Cr on its 31 Mar 2026 balance sheet, or net debt of ₹3,862 Cr after cash. Debt stands at 0.52× equity. That is higher than 65% of its 87 Civil Construction peers.

Is G R INFRAPROJECTS LIMITED expensive compared with its peers?

On trailing P/E, G R INFRAPROJECTS LIMITED ranks 24 of 101 in Civil Construction — cheaper than 77% of them, against an industry median of 13.5×. This is a position, not a valuation judgement.

How much does the G R INFRAPROJECTS LIMITED share price move in a day?

On a typical session G R INFRAPROJECTS LIMITED moves 0.96% — that is the median absolute close-to-close move across its last 268 trading days. MarketPing measures each filing's price reaction against it.

Where can I track G R INFRAPROJECTS LIMITED's announcements?

Every NSE and BSE filing by G R INFRAPROJECTS LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.