G R Infraprojects Ltd. (GRINFRA) AI Stock Analysis

• Market Cap: ₹120.98B
• Dividend Yield: 1%
• Average Volume (3M): 15.63K
• Price to Earnings (P/E): 11.0
• Beta (1Y): 1.19
• Revenue Growth: -13.83%
• EPS Growth: -5.72%
• Country: IN
• Employees: 14,421
• Sector: Services
• Sector Strength: N/A
• Industry: Engineering & Construction
• EPS (TTM): 22.30
• Shares Outstanding: 96,760,530
• 10 Day Avg. Volume: 23,216
• 30 Day Avg. Volume: 15,625
• PEG Ratio: -0.43
• Price to Book (P/B): 1.19
• Price to Sales (P/S): 1.37
• P/FCF Ratio: -4.64
• 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: ₹1,362.00
• Price Target Upside: 8.93% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 64 Neutral
• Price Target: ₹1,362.00 ▲(8.93% Upside)

G R Infraprojects Ltd. has a balanced profile with stable profitability and a strong equity position, but faces challenges in revenue growth and cash flow management. The technical indicators show mixed signals with short-term weakness but longer-term support. The stock is reasonably valued, making it moderately attractive for investors.

G R Infraprojects Ltd. Business Overview & Revenue Model

Company Description

G R Infraprojects Limited, through its subsidiaries, provides engineering, procurement, and construction services for roads and highway projects in India and internationally. It operates through Engineering Procurement and Construction; Built, Operate and Transfer Projects; and Others segments. The company constructs state and national highways, bridges, culverts, flyovers, airport runways, tunnels, and rail over bridges. It also offers a range of services on a turnkey basis in railway infrastructure projects, such as civil infrastructures, including earthworks, bridges, station buildings, and facilities; new track laying & rehabilitation of existing tracks; railway electrification and power systems; and signaling & telecommunication services. In addition, the company designs, engineering, procures, fabricates, erects, installs, and commissions power transmission lines. Further, it manufactures thermoplastic road-marking paints and road signage; and fabricates and galvanizes metal crash barriers, as well as processes bitumen. The company was formerly known as G.R. Agarwal Builders and Developers Limited and changed its name to G R Infraprojects Limited in August 2007. G R Infraprojects Limited was incorporated in 1995 and is headquartered in Udaipur, India.

How the Company Makes Money

G R Infraprojects Ltd. generates revenue primarily through its EPC contracts in the infrastructure sector. The company's key revenue streams include the construction of highways, roads, bridges, and other civil construction projects. GRINFRA bids for government and private sector contracts, and upon winning these bids, it executes the projects from start to finish, encompassing design, construction, and maintenance. The company also engages in build-operate-transfer (BOT) projects, where it finances, constructs, and maintains infrastructure projects while generating income from tolls or annuities. Additionally, GRINFRA forms strategic partnerships and joint ventures to enhance its project execution capabilities and expand its project portfolio, further contributing to its revenue generation.

G R Infraprojects Ltd. Financial Statement Overview

Summary

G R Infraprojects Ltd. shows stable profitability with strong operational efficiency and a solid equity base. However, declining revenue and negative free cash flow are significant concerns that impact its financial health.

Income Statement

G R Infraprojects Ltd. has shown moderate income statement performance. The gross profit margin and net profit margin have been relatively stable, indicating a consistent ability to manage costs. However, there has been a declining trend in revenue over the last two years, which is concerning. The EBIT and EBITDA margins remain solid, reflecting operational efficiency.

Balance Sheet

The company maintains a reasonably strong balance sheet with a healthy equity base. The debt-to-equity ratio has been decreasing, indicating reduced financial leverage, which is a positive sign. The return on equity has been improving, suggesting better profitability relative to shareholder investment. However, the equity ratio, while stable, suggests moderate reliance on debt financing.

Cash Flow

Cash flow analysis reveals some challenges, as the company has consistently reported negative free cash flow. The operating cash flow to net income ratio is concerning, indicating issues in converting reported profits into cash. The company needs to address its cash flow management, despite a positive trend in financing cash inflow.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	73.95B	73.95B	89.80B	94.82B	84.58B	73.02B
Gross Profit	22.13B	24.48B	30.43B	33.81B	24.83B	18.91B
EBITDA	20.29B	20.29B	25.24B	26.23B	17.91B	18.95B
Net Income	10.15B	10.14B	13.24B	14.54B	8.32B	9.55B
Balance Sheet
Total Assets	149.29B	149.29B	129.42B	137.60B	116.73B	100.91B
Cash, Cash Equivalents and Short-Term Investments	16.90B	16.90B	6.90B	4.20B	6.09B	4.96B
Total Debt	49.71B	49.71B	38.17B	56.97B	52.82B	45.25B
Total Liabilities	64.26B	64.26B	53.39B	74.95B	68.62B	61.10B
Stockholders Equity	84.92B	84.92B	75.92B	62.65B	48.11B	39.81B
Cash Flow
Free Cash Flow	0.00	-21.87B	-17.11B	-6.61B	-2.68B	-9.73B
Operating Cash Flow	0.00	-20.32B	-15.92B	-3.63B	1.66B	-4.57B
Investing Cash Flow	0.00	4.33B	9.48B	-88.48M	-2.57B	-7.35B
Financing Cash Flow	0.00	17.24B	11.20B	-203.37M	3.11B	9.72B

G R Infraprojects Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 1250.30
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GRINFRA, the sentiment is Negative. The current price of 1250.3 is below the 20-day moving average (MA) of 1290.58, below the 50-day MA of 1266.91, and above the 200-day MA of 1227.70, indicating a neutral trend. The MACD of 4.22 indicates Positive momentum. The RSI at 40.78 is Neutral, neither overbought nor oversold. The STOCH value of 18.40 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:GRINFRA.

G R Infraprojects Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JKIL	69 Neutral	₹47.30B	11.60	13.01%	0.64%	17.23%	18.23%
HGINFRA	66 Neutral	₹61.33B	13.88	17.14%	0.21%	-9.81%	-19.80%
POWERMECH	65 Neutral	₹84.90B	26.63	15.12%	0.05%	26.93%	21.98%
GRINFRA	64 Neutral	₹120.98B	10.97	―	1.00%	-13.83%	-5.72%
DBL	61 Neutral	₹82.74B	10.24	12.65%	0.20%	-11.92%	141.80%
PNCINFRA	57 Neutral	₹76.23B	11.35	13.62%	0.20%	-30.96%	-48.49%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%

G R Infraprojects Ltd. Corporate Events

G R Infraprojects Secures Major Transmission Project in Madhya Pradesh

G R Infraprojects Ltd. has been awarded a significant contract as the L1 bidder to establish a transmission system for evacuating power from renewable energy projects in Madhya Pradesh. This project, involving the creation and augmentation of transmission infrastructure, underscores the company’s strategic expansion into the renewable energy sector, potentially strengthening its position in the infrastructure industry and offering new opportunities for stakeholders.