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Swing Capital

G R Infraprojects Ltd

NSE: GRINFRA BSE: 543317Infra

Incorporated in the year 1995, G R Infraprojects Ltd is an integrated road Engineering, Procurement, Construction company (EPC) with experience in the design and construction of various road/highway projects across 15 States in India. It mainly undertakes civil construction projects under the EPC and BOT (Build Operate Transfer) basis in the road sector. [1]

₹936
52W: ₹785 — ₹1444
PE 11.2 · Book ₹917 · +2% vs book
Market Cap₹9,058 Cr
Stock P/E11.2Price to Earnings
ROCE12.5%Return on Capital
ROE9.58%Return on Equity
Div. Yield1.34%Face Value ₹5

Strengths

  • +Company has reduced debt.
  • +Company is almost debt free.
  • +Stock is trading at 1.02 times its book value

Weaknesses

  • −The company has delivered a poor sales growth of 1.02% over past five years.
  • −Company has a low return on equity of 10.7% over last 3 years.
  • −Earnings include an other income of Rs.714 Cr.
  • −Dividend payout has been low at 5.81% of profits over last 3 years

Shareholding Pattern

Promoters74.69%
FIIs2.31%
DIIs19.62%
Public3.38%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters74.74%74.71%▼0.074.7%▼0.074.7%74.7%74.69%▼0.074.69%74.69%
FIIs1.4%2.07%▲0.72.54%▲0.52.84%▲0.32.88%▲0.02.85%▼0.02.66%▼0.22.31%▼0.4
DIIs20.5%20.12%▼0.419.77%▼0.419.17%▼0.619.28%▲0.119.41%▲0.119.53%▲0.119.62%▲0.1
Public3.36%3.09%▼0.32.97%▼0.13.29%▲0.33.14%▼0.13.05%▼0.13.12%▲0.13.38%▲0.3

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales1,8062,2551,8971,1281,5011,9901,8261,2342,0392,521
Expenses1,5781,8561,6501,0111,3081,6421,5951,1131,8342,247
Operating Profit228399247117192348231120205273
OPM %13%18%13%10%13%18%13%10%10%11%
Net Profit1551,491152115169371216131232417
EPS ₹16.07154.1815.7211.8717.4338.3722.3113.5223.9943.12

AI Insights

Revenue Trend

Mar 2026 revenue at ₹7,620Cr, up 16.9% YoY. OPM at 11%.

Debt Position

Borrowings at ₹238Cr. Debt-to-equity ratio: 0.03x. Healthy balance sheet.

Capex Cycle

CWIP at ₹27Cr (3% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 19.62% (+3.48pp change). FIIs: 2.31% (+1.72pp change). Promoters hold 74.69%.

Margin & Efficiency

ROCE improving from 0% (Mar 2016) to 12% (Mar 2026). Working capital days: 153.

Valuation

PE 11.2x with 12.5% ROCE. Price is 2% above book value of ₹917. Dividend yield: 1.34%.

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