GPT Infraprojects Limited (GPTINFRA) AI Stock Analysis

• Market Cap: ₹13.45B
• Dividend Yield: 1.8%
• Average Volume (3M): 11.33K
• Price to Earnings (P/E): 17.5
• Beta (1Y): 1.92
• Revenue Growth: 15.97%
• EPS Growth: 28.83%
• Country: IN
• Employees: 824
• Sector: Real Estate
• Sector Strength: 53
• Industry: Engineering & Construction
• EPS (TTM): 1.59
• Shares Outstanding: 126,364,600
• 10 Day Avg. Volume: 7,205
• 30 Day Avg. Volume: 11,332
• PEG Ratio: 0.58
• Price to Book (P/B): 2.81
• Price to Sales (P/S): 1.24
• P/FCF Ratio: -45.90
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 61 Neutral
• Price Target: ₹124.00 ▲(14.13% Upside)
• Action: Reiterated Date: 10/24/25
• Date: Action: Reiterated 10/24/25

GPT Infraprojects Limited's overall stock score is primarily influenced by its solid financial performance, with strong revenue and profit growth. However, technical analysis indicates bearish momentum, which negatively impacts the score. The valuation is moderate, providing some support to the overall score. The absence of earnings call data and notable corporate events means these factors did not influence the score.

Positive Factors

Consistent revenue & profit growth

A 16.69% revenue increase and strong profit growth reflect durable demand for the company’s EPC and sleeper businesses, demonstrating repeatable contract wins and improving unit economics. Sustained top-line momentum supports scale benefits and longer-term earnings visibility across projects.

Healthy margins & operational efficiency

Improved gross and net margins plus strong EBIT/EBITDA indicate effective cost control, procurement and site execution capabilities. Margin resilience points to competitive execution advantage and pricing discipline that helps sustain profitability despite input cost volatility in construction cycles.

Moderate leverage and improved ROE

A moderate debt profile combined with a rising ROE suggests prudent capital structure and improving capital efficiency. This balance supports bidding for large contracts while limiting financial strain, enabling reinvestment and dividend potential without over-reliance on expensive external funding.

Negative Factors

Negative free cash flow in 2025

Negative free cash flow despite positive operating cash flow signals elevated capex or working-capital absorption tied to project execution. Over a multi-month horizon this can constrain liquidity, force external financing or delay payments, reducing flexibility to pursue new contracts or fund growth.

Substantial total liabilities

High absolute liabilities raise fixed obligations and increase refinancing risk if project inflows slow. Substantial liabilities limit balance-sheet manoeuvrability, making the company more sensitive to payment delays and cost overruns, which can impair long-term investment and bid competitiveness.

Working-capital & government payment exposure

Dependence on government/PSU payment cycles and large running bills creates structural working-capital risk. Delayed certifications or retention collections can widen receivable days and stress liquidity, especially with negative FCF and substantial liabilities, affecting execution and bidding ability.

GPT Infraprojects Limited Business Overview & Revenue Model

Company Description

GPT Infraprojects Limited, together with its subsidiaries, engages in the execution of civil and infrastructure projects in India and internationally. It operates through two segments, Infrastructure and Concrete Sleepers. The company constructs and repairs roads, bridges, flyovers, highways, airports, and irrigation and railway systems, as well as power, urban transit, and industrial and civil aviation infrastructure; and railway sidings, merry-go-round railways, roads, industrial parks, factories, etc. It also manufactures and sells monoblock and pre-stressed concrete sleepers for various track applications, including monoblock sleepers for broad, cape, and dual gauges, as well as line sleepers, bridge deck sleepers, and level crossing and switch expansion joints. The company was incorporated in 1980 and is headquartered in Kolkata, India.

How the Company Makes Money

GPT Infraprojects Limited generates revenue primarily through the execution of large-scale infrastructure projects, including government contracts for road construction, irrigation works, and urban development initiatives. The company typically earns money by bidding for and winning contracts, which are often funded by government agencies or through public-private partnerships. Key revenue streams include project management fees, construction services, and maintenance contracts. Additionally, GPTINFRA may engage in joint ventures or collaborations with other firms to expand its project portfolio and enhance its operational capabilities, which can further contribute to its earnings. The company’s ability to secure contracts, manage costs effectively, and maintain strong relationships with government bodies and clients are significant factors influencing its revenue generation.

GPT Infraprojects Limited Financial Statement Overview

Summary

GPT Infraprojects Limited has shown strong revenue and profit growth, with effective cost management and operational efficiency. The balance sheet reflects a stable financial position with manageable leverage. However, the negative free cash flow in 2025 points to potential challenges in capital expenditure management.

Income Statement

GPT Infraprojects Limited has demonstrated consistent revenue growth with a notable increase of 16.69% from 2024 to 2025. The gross profit margin for 2025 was healthy, indicating efficient cost management. The net profit margin improved to 6.74% in 2025, reflecting enhanced profitability. EBIT and EBITDA margins were strong, showcasing robust operational performance.

Balance Sheet

The company maintains a moderate debt-to-equity ratio, indicating a balanced approach to leveraging. The return on equity improved significantly, highlighting effective use of shareholders' funds. The equity ratio indicates a stable financial structure, although total liabilities remain substantial.

Cash Flow

Operating cash flow remained positive, but free cash flow turned negative in 2025, indicating challenges in managing capital expenditures. The operating cash flow to net income ratio suggests efficient cash generation relative to net income, but the decline in free cash flow is a concern.

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	12.50B	11.88B	10.18B	8.09B	6.75B	6.06B
Gross Profit	3.80B	3.94B	2.92B	2.36B	1.13B	1.67B
EBITDA	1.62B	1.42B	1.22B	920.69M	879.18M	868.13M
Net Income	909.33M	800.68M	578.44M	313.97M	243.40M	202.16M
Balance Sheet
Total Assets	10.62B	9.43B	7.28B	7.82B	7.20B	7.24B
Cash, Cash Equivalents and Short-Term Investments	263.69M	217.23M	60.72M	337.06M	61.13M	32.80M
Total Debt	1.80B	1.29B	1.93B	2.52B	2.62B	2.70B
Total Liabilities	5.22B	4.27B	4.27B	5.05B	4.61B	4.81B
Stockholders Equity	5.48B	5.24B	3.03B	2.77B	2.56B	2.40B
Cash Flow
Free Cash Flow	-90.17M	-320.19M	966.49M	617.75M	589.26M	176.27M
Operating Cash Flow	115.22M	288.78M	1.13B	1.19B	722.58M	223.39M
Investing Cash Flow	-235.34M	-742.72M	-77.68M	-596.61M	-139.12M	57.71M
Financing Cash Flow	119.41M	513.58M	-1.08B	-561.70M	-575.39M	-273.72M

GPT Infraprojects Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 108.65
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GPTINFRA, the sentiment is Negative. The current price of 108.65 is below the 20-day moving average (MA) of 114.86, below the 50-day MA of 110.50, and below the 200-day MA of 114.79, indicating a bearish trend. The MACD of -2.76 indicates Positive momentum. The RSI at 43.21 is Neutral, neither overbought nor oversold. The STOCH value of 24.01 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:GPTINFRA.

GPT Infraprojects Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
NILAINFRA	64 Neutral	₹2.85B	20.17	―	―	64.41%	22.85%
GPTINFRA	61 Neutral	₹13.45B	17.45	―	1.80%	15.97%	28.83%
ABINFRA	59 Neutral	₹10.94B	46.62	―	0.03%	―	―
OMINFRAL	56 Neutral	₹8.62B	29.07	―	0.39%	-45.35%	-0.88%
PARSVNATH	40 Underperform	₹2.97B	-0.76	―	―	-37.98%	40.32%
OMAXE	39 Underperform	₹13.22B	-2.47	―	―	-22.30%	-8.72%

GPT Infraprojects Limited Corporate Events

GPT Infraprojects Schedules Virtual Investor Meet at Bharat Connect Conference

GPT Infraprojects Limited has announced that it will participate in the Bharat Connect Conference: Rising Stars – March 2026, holding a virtual group meeting with institutional investors and fund managers on March 10, 2026, at 3:00 p.m. IST. The company will use its already-public Q3FY26 investor presentation for the discussions, emphasizing that only publicly available information will be shared, with no unpublished price-sensitive information to be discussed, and noting that the schedule may change due to exigencies.

This planned interaction underscores GPT Infraprojects’ ongoing investor-relations efforts and adherence to SEBI’s disclosure norms, aiming to maintain transparency with the market while protecting sensitive information. The engagement provides a platform for institutional stakeholders to seek clarity on the company’s performance and outlook within the bounds of existing public disclosures, reinforcing governance and market confidence.

GPT Infraprojects Buys Alcon Builders to Enter High‑Margin Rail Signalling EPC

GPT Infraprojects Limited has acquired 100% of Alcon Builders and Engineers Private Limited for ₹15,183 lakh, adding the established signalling EPC contractor as a wholly owned subsidiary. The deal brings board changes at Alcon and is structured as a non-related-party transaction.

Through this acquisition, GPT enters the high-margin signalling EPC segment for Indian Railways, significantly expanding its product offerings in a core client market. Management plans to integrate Alcon’s operations with GPT’s platform to capture operational and commercial synergies, with the signalling division expected to become a major contributor to revenue and margins over time.

GPT Infraprojects Files Q3 FY26 Unaudited Results; Arbitration Puts Rs 6.6 Crore at Risk

GPT Infraprojects Limited has submitted to the stock exchange its unaudited standalone financial results for the quarter and nine months ended 31 December 2025 in a machine-readable, legible format, in response to a compliance request from the National Stock Exchange of India. The results, prepared under Indian Accounting Standard 34 and reviewed (but not audited) by independent chartered accountants, consolidate 27 joint operations on a proportionate basis; the auditors reported no material misstatements or non-compliance with disclosure requirements, but highlighted an ongoing arbitration on a completed project that creates uncertainty over the recovery of unbilled revenue, trade receivables and other assets totaling Rs 662.58 lakh, for which no provision has been made in the current financials, signaling a notable contingent risk for stakeholders.

GPT Infraprojects Emerges L1 Bidder for Rs 1,201-Crore Rail-Cum-Road Bridge Project

GPT Infraprojects Limited has been declared the L1 (first lowest) bidder, in joint venture with Rail Vikas Nigam Limited (RVNL), for a Rs 1,201.4 crore contract from Northern Railway’s Chief Administrative Officer (Construction) to design and construct a new rail-cum-road bridge over the Ganga near Kashi railway station in Varanasi, including both substructure and superstructure, rail and road approaches, and associated electrification and general electrical works. The bid, placed under the RVNL–GPT joint venture, allots GPT a 40% share amounting to Rs 480.6 crore, marking a significant addition to its order book and underscoring its positioning as a key player in high-value rail and bridge infrastructure projects, which could strengthen its revenue visibility and partnerships in India’s transport sector.

GPT Infraprojects Publishes IEPF Transfer Notice for Unclaimed Dividends and Shares

GPT Infraprojects Limited has announced that it has published notices in leading English and Bengali newspapers regarding the impending transfer of unclaimed dividends and corresponding equity shares to the Investor Education and Protection Fund (IEPF), in line with Section 124(6) of the Companies Act, 2013 and related rules. This procedural move signals the company’s adherence to securities and corporate governance regulations, and alerts shareholders with long-pending unclaimed dividends that their associated shares are at risk of being moved to the IEPF if no action is taken, underscoring the importance for investors to regularly monitor and update their holdings and claims.

GPT Infraprojects Secures Major Flyover Construction Contract in Mumbai

GPT Infraprojects Limited, as part of a joint venture, has been declared the lowest bidder for a significant infrastructure project valued at ₹1,739.49 crore by the Municipal Corporation of Greater Mumbai. The project involves constructing a flyover in Mumbai, with GPT Infraprojects holding a 26% share, amounting to ₹452.27 crore, which could enhance its market presence and operational scale in the infrastructure sector.