G R Infraprojects Ltd. (IN:GRINFRA)
:GRINFRA
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G R Infraprojects Ltd.
(GRINFRA)
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Rating:60Neutral
Price Target:
₹880.00
▼(-8.01% Downside)
Action:ReiteratedDate:11/14/25
The overall stock score of 60 reflects stable financial performance and attractive valuation, offset by bearish technical indicators. The company's operational efficiency and undervaluation are strengths, but declining revenue and negative cash flow are significant risks.
Positive Factors
Balance-sheet strength
Decreasing debt-to-equity and a healthy equity base improve financial flexibility for large EPC bids and working-capital cycles. Reduced leverage lowers refinancing and interest-rate stress, while rising ROE signals more effective capital deployment—supporting sustained project execution and creditworthiness over months.
Negative Factors
Negative free cash flow
Consistent negative free cash flow and weak conversion of reported profits into cash reduce internal funding for working capital and capex. This forces dependence on external financing or advances, raising execution risk on large projects and constraining strategic investment over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance-sheet strength
Decreasing debt-to-equity and a healthy equity base improve financial flexibility for large EPC bids and working-capital cycles. Reduced leverage lowers refinancing and interest-rate stress, while rising ROE signals more effective capital deployment—supporting sustained project execution and creditworthiness over months.
Read all positive factors
G R Infraprojects Ltd. (GRINFRA) vs. iShares MSCI India ETF (INDA)
Market Cap
₹81.13B
Dividend Yield1.2%
Average Volume (3M)16.92K
Price to Earnings (P/E)9.3
Beta (1Y)0.97
Revenue Growth-6.01%
EPS Growth-3.81%
CountryIN
Employees14,421
SectorServices
Sector StrengthN/A
IndustryEngineering & Construction
Share Statistics
EPS (TTM)24.00
Shares Outstanding96,760,530
10 Day Avg. Volume4,810
30 Day Avg. Volume16,923
Financial Highlights & Ratios
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 CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹1,540.00Price Target Upside60.98% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)89.91
Revenue Forecast (FY)₹84.51B
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, Ope...
How the Company Makes Money
GRINFRA primarily makes money by executing infrastructure construction contracts. Its core revenue stream is EPC/contract revenue earned from government and public-sector awarding authorities (and, where applicable, private-sector counterparties) ...
G R Infraprojects Ltd. Financial Statement Overview
Summary
Income Statement
65
Positive
Balance Sheet
70
Positive
Cash Flow
50
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 75.60B | 73.95B | 89.80B | 94.82B | 84.58B | 78.44B |
| Gross Profit | 25.59B | 24.48B | 30.43B | 33.81B | 24.83B | 24.33B |
| EBITDA | 21.33B | 20.29B | 25.24B | 26.23B | 18.01B | 18.95B |
| Net Income | 11.02B | 10.14B | 13.24B | 14.54B | 8.32B | 9.55B |
Balance Sheet | ||||||
| Total Assets | 163.31B | 149.29B | 129.42B | 137.60B | 116.73B | 100.91B |
| Cash, Cash Equivalents and Short-Term Investments | 17.20B | 16.90B | 6.90B | 4.20B | 6.09B | 4.96B |
| Total Debt | 55.92B | 49.71B | 38.17B | 56.97B | 52.82B | 45.25B |
| Total Liabilities | 73.89B | 64.26B | 53.39B | 74.95B | 68.62B | 61.10B |
| Stockholders Equity | 89.33B | 84.92B | 75.92B | 62.65B | 48.11B | 39.81B |
Cash Flow | ||||||
| Free Cash Flow | 3.32B | -21.87B | -17.11B | -6.61B | -2.68B | -9.73B |
| Operating Cash Flow | 4.07B | -20.32B | -15.92B | -3.63B | 1.66B | -4.57B |
| Investing Cash Flow | -4.47B | 4.33B | 9.48B | -88.48M | -2.57B | -7.35B |
| Financing Cash Flow | -3.04B | 17.24B | 11.20B | -203.37M | 3.11B | 9.72B |
G R Infraprojects Ltd. Technical Analysis
Negative
956.65
Price Trends
930.30
Negative
983.76
Negative
1119.59
Negative
Market Momentum
-36.09
Positive
35.57
Neutral
20.36
Neutral
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 956.65 is above the 20-day moving average (MA) of 885.30, above the 50-day MA of 930.30, and below the 200-day MA of 1119.59, indicating a bearish trend. The MACD of -36.09 indicates Positive momentum. The RSI at 35.57 is Neutral, neither overbought nor oversold. The STOCH value of 20.36 is Neutral, 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
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | ₹34.41B | 13.34 | ― | 0.67% | 13.96% | 12.91% | |
61 Neutral | ₹59.92B | 19.27 | ― | 0.05% | 28.54% | 19.19% | |
60 Neutral | ₹81.13B | 9.32 | ― | 1.20% | -6.01% | -3.81% | |
60 Neutral | ₹65.86B | 2.45 | ― | 0.21% | -13.57% | 40.24% | |
60 Neutral | ₹31.53B | 13.05 | ― | 0.25% | -8.92% | -22.83% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
53 Neutral | ₹44.71B | 21.04 | ― | 0.23% | -30.54% | -35.13% |
* Services Sector Average
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G R Infraprojects Ltd. Corporate Events
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...
G R Infraprojects Emerges L-1 Bidder for Rs 487.78 Crore NTPC BESS EPC Project
Jan 16, 2026
G R Infraprojects Limited has emerged as the lowest (L-1) bidder for a major EPC contract from NTPC Limited for implementation of a Battery Energy Storage System (BESS) at Mouda Super Thermal Power Station under Lot-1, with a contract value of app...
G R Infraprojects Nears Full Completion of Rs 1,527 Crore Bilaspur–Urga Highway Project
Jan 8, 2026
G R Infraprojects Limited announced that its wholly owned subsidiary, GR Bilaspur Urga Highway Private Limited, has received Provisional Completion Certificate–II for an additional 13.895 km of the Bilaspur–Urga section of NH-130A in C...
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.