G R Infraprojects Ltd. (IN:GRINFRA)
:GRINFRA
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G R Infraprojects Ltd.
(GRINFRA)
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Rating:66Neutral
Price Target:
₹908.00
▼(-5.09% Downside)
Action:Reiterated
Date:05/15/26
The score is primarily driven by strong balance-sheet strength and an attractive low valuation, partially offset by weak cash generation (negative operating and free cash flow) and only moderate technical strength given the stock remains below its 200-day moving average.
Positive Factors
Balance Sheet Strength
Very low leverage and rising equity materially strengthen financial flexibility over the medium term. This durability allows the company to bid on large EPC and HAM projects, absorb payment timing shocks from authorities, access capital on better terms, and sustain investment in equipment and working capital when needed.
Negative Factors
Weak Cash Conversion
Persistent negative operating and free cash flow is a durable weakness: profits are not reliably converting to cash, increasing reliance on receivable cycles, supplier credit or external funding. Over months this constrains reinvestment, raises working-capital financing needs, and limits ability to self-fund expansions or cushion project overruns.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
Very low leverage and rising equity materially strengthen financial flexibility over the medium term. This durability allows the company to bid on large EPC and HAM projects, absorb payment timing shocks from authorities, access capital on better terms, and sustain investment in equipment and working capital when needed.
Read all positive factors
G R Infraprojects Ltd. (GRINFRA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹93.36B
Dividend Yield1.2%
Average Volume (3M)16.92K
Price to Earnings (P/E)10.5
Beta (1Y)0.92
Revenue Growth13.58%
EPS Growth-11.01%
CountryIN
Employees14,421
SectorServices
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)113.96
Shares Outstanding96,760,530
10 Day Avg. Volume4,810
30 Day Avg. Volume16,923
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)91.2
Revenue Forecast (FY)₹86.78B
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 construction contracts, especially road and highway EPC projects, where it earns revenue based on the value of work performed under awarded contracts (typically measured and billed through ...
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 | 75.60B | 83.99B | 73.95B | 89.80B | 94.82B | 84.58B |
| Gross Profit | 25.59B | 17.73B | 24.48B | 30.43B | 33.81B | 24.83B |
| EBITDA | 21.33B | 17.66B | 20.29B | 25.24B | 26.23B | 18.01B |
| Net Income | 11.02B | 9.03B | 10.14B | 13.24B | 14.54B | 8.32B |
Balance Sheet | ||||||
| Total Assets | 163.31B | 160.48B | 149.29B | 129.42B | 137.60B | 116.73B |
| Cash, Cash Equivalents and Short-Term Investments | 17.20B | 14.89B | 16.90B | 6.90B | 4.20B | 6.09B |
| Total Debt | 55.92B | 48.72B | 49.71B | 38.17B | 56.97B | 52.82B |
| Total Liabilities | 73.89B | 66.57B | 64.26B | 53.39B | 74.95B | 68.62B |
| Stockholders Equity | 89.33B | 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. Technical Analysis
Positive
956.65
Price Trends
909.38
Positive
916.99
Positive
1022.08
Negative
Market Momentum
2.55
Negative
66.59
Neutral
87.90
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:GRINFRA, the sentiment is Positive. The current price of 956.65 is above the 20-day moving average (MA) of 889.82, above the 50-day MA of 909.38, and below the 200-day MA of 1022.08, indicating a neutral trend. The MACD of 2.55 indicates Negative momentum. The RSI at 66.59 is Neutral, neither overbought nor oversold. The STOCH value of 87.90 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:GRINFRA.
G R Infraprojects Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Neutral | ₹90.03B | 24.26 | ― | 0.05% | 15.81% | 11.50% | |
66 Neutral | ₹93.36B | 10.46 | ― | 1.20% | 13.58% | -11.01% | |
66 Neutral | ₹38.51B | 9.85 | ― | 0.67% | 0.52% | -1.01% | |
59 Neutral | ₹37.93B | 11.40 | ― | 0.25% | 3.53% | -34.73% | |
58 Neutral | ₹60.45B | 7.22 | ― | 0.23% | -20.69% | 1.98% | |
57 Neutral | ₹74.52B | 5.18 | ― | 0.21% | -20.36% | 91.60% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% |
* Services Sector Average
IN:GRINFRA
G R Infraprojects Ltd.
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G R Infraprojects Ltd. Corporate Events
G R Infraprojects Publishes Investor Presentation on FY26 Results
May 11, 2026
G R Infraprojects Limited has released an investor presentation detailing its financial results for the fourth quarter and full year ended 31 March 2026. The presentation has been filed with the Bombay Stock Exchange and National Stock Exchange an...
G R Infraprojects Schedules FY26 Earnings Call With HDFC Securities
May 6, 2026
G R Infraprojects Ltd. has scheduled an earnings conference call to discuss its financial performance for the quarter and full year ended 31 March 2026, underscoring ongoing communication with investors and analysts. The call, organized with HDFC ...
G R Infraprojects Promoter Group Realigns Stake Through Inter-Se Share Transfer
Mar 29, 2026
G R Infraprojects Limited disclosed that members of its promoter group have carried out an inter-se transfer of the company’s equity shares among qualifying persons classified as immediate relatives. The transaction triggers reporting under ...
G R Infraprojects Wins Rs 413 Crore NTPC Battery Storage EPC Contract
Mar 29, 2026
G R Infraprojects has received a notification of award from NTPC Limited for an EPC package to implement a Battery Energy Storage System at Mouda Super Thermal Power Station. The domestic contract, valued at Rs. 413.37 crore excluding GST, covers ...
G R Infraprojects offloads three highway subsidiaries to Indus Infra Trust
Mar 25, 2026
G R Infraprojects Ltd. has completed the sale and transfer of three wholly owned subsidiaries—GR Bilaspur Urga Highway, GR Ujjain Badnawar Highway, and GR Ena Kim Expressway—to Indus Infra Trust after receiving the agreed consideration...
G R Infraprojects Announces Promoter Group Inter-Se Share Transfer by Way of Gift
Mar 18, 2026
G R Infraprojects Limited has disclosed that promoter group member Shakuntala Devi Gupta plans to acquire equity shares in the company through an inter-se transfer by way of gift among immediate relatives. The transactions, scheduled on or after M...
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.