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G R Infraprojects Ltd.
(GRINFRA)
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Rating:65Neutral
Price Target:
₹937.00
▲(7.63% Upside)
Action:Reiterated
Date:08/17/26
The score is driven primarily by solid profitability and a notably strengthened balance sheet, offset by persistently negative operating/free cash flow that raises earnings-quality risk. Technicals are weak (below key moving averages with negative MACD), while valuation is supportive due to the low P/E despite a modest dividend yield.
Positive Factors
Strengthened Balance Sheet
Lower leverage and a growing equity base improve GRINFRA’s financial flexibility, helping it absorb project-cycle volatility, support execution needs and pursue infrastructure awards with less balance-sheet strain.
Negative Factors
Persistent Negative Cash Flow
Weak conversion of reported profits into operating cash can increase dependence on working-capital movements or external funding, limiting the practical benefit of low leverage and creating execution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Strengthened Balance Sheet
Lower leverage and a growing equity base improve GRINFRA’s financial flexibility, helping it absorb project-cycle volatility, support execution needs and pursue infrastructure awards with less balance-sheet strain.
Read all positive factors
G R Infraprojects Ltd. (GRINFRA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹84.18B
Dividend Yield0.29%
Average Volume (3M)2.79K
Price to Earnings (P/E)8.3
Beta (1Y)0.92
Revenue Growth25.06%
EPS Growth-7.89%
CountryIN
Employees9,982
SectorGeneral
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)105.02
Shares Outstanding96,760,530
10 Day Avg. Volume937
30 Day Avg. Volume2,790
Financial Highlights & Ratios
PEG Ratio-0.77
Price to Book (P/B)0.82
Price to Sales (P/S)0.92
P/FCF Ratio-2.76
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)88.32
Revenue Forecast (FY)₹89.03B
G R Infraprojects Ltd. Business Overview & Revenue Model
Company Description
G R Infraprojects Limited, along with its subsidiaries, delivers comprehensive engineering, procurement, and construction (EPC) solutions, predominantly for road and highway developments. Their operations extend across India and to international m...
How the Company Makes Money
GRINFRA primarily makes money by executing infrastructure projects under contract, where revenue is recognized against work performed and milestones achieved on engineering and construction assignments. Its key revenue stream is EPC contracting—es...
G R Infraprojects Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
84
Very Positive
Cash Flow
24
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 91.95B | 83.99B | 73.95B | 89.80B | 94.82B | 84.58B |
| Gross Profit | 17.10B | 17.73B | 24.48B | 30.43B | 33.81B | 24.83B |
| EBITDA | 20.61B | 17.66B | 20.29B | 25.24B | 26.23B | 18.01B |
| Net Income | 10.16B | 9.03B | 10.14B | 13.24B | 14.54B | 8.32B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 160.48B | 149.29B | 129.42B | 137.60B | 116.73B |
| Cash, Cash Equivalents and Short-Term Investments | 13.04B | 14.89B | 16.90B | 6.90B | 4.20B | 6.09B |
| Total Debt | 0.00 | 48.72B | 49.71B | 38.17B | 56.97B | 52.82B |
| Total Liabilities | -93.91B | 66.57B | 64.26B | 53.39B | 74.95B | 68.62B |
| Stockholders Equity | 93.91B | 93.80B | 84.92B | 75.92B | 62.65B | 48.11B |
Cash Flow | ||||||
| Free Cash Flow | 3.32B | -27.95B | -21.87B | -17.11B | -6.61B | -2.68B |
| Operating Cash Flow | 4.07B | -25.62B | -20.32B | -15.92B | -3.63B | 1.66B |
| Investing Cash Flow | -4.47B | 8.67B | 4.33B | 9.48B | -88.48M | -2.57B |
| Financing Cash Flow | -3.04B | 20.29B | 17.24B | 11.20B | -203.37M | 3.11B |
G R Infraprojects Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ₹32.45B | 1.31 | ― | 0.65% | -24.59% | 39.70% | |
70 Outperform | ₹36.85B | 9.66 | ― | 0.81% | -2.47% | -6.60% | |
65 Neutral | ₹84.18B | 8.25 | ― | 0.29% | 25.06% | -7.89% | |
59 Neutral | ₹46.95B | 6.41 | ― | 0.33% | -6.48% | 9.02% | |
58 Neutral | ₹65.16B | 5.16 | ― | 0.26% | -18.82% | 46.79% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹31.45B | 16.81 | ― | 0.41% | -3.14% | -57.80% |
* General Sector Average
IN:GRINFRA
G R Infraprojects Ltd.
860.50
-425.11
-33.07%
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IN:DBL
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IN:PNCINFRA
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-42.00%
G R Infraprojects Ltd. Corporate Events
G R Infraprojects founder promoter and Chairman Emeritus passes away
Jun 25, 2026
G R Infraprojects Ltd. announced the death of its Chairman Emeritus and founder promoter, Vinod Kumar Agarwal, on 25 June 2026, expressing deep condolences and acknowledging his guiding role and contributions since the company’s inception. T...
G R Infraprojects proposes new statutory auditor for five-year term
Jun 20, 2026
G R Infraprojects Ltd. has announced that its Board of Directors, at a meeting held on June 20, 2026, has recommended the appointment of M/s B S R and Co, Chartered Accountants, as the company’s new statutory auditors. This recommendation fo...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.