Is GR Infraprojects a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that GR Infraprojects Ltd is a good quality company .

Is GR Infraprojects undervalued or overvalued?

The key valuation ratios of GR Infraprojects Ltd's currently when compared to its past seem to suggest it is in the Fair zone .

What is GR Infraprojects share price return in the past 10 years?

Data is not available for this company

Is GR Infraprojects a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of GR Infraprojects Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

GR Infraprojects Ltd - Stock Valuation and Financial Performance

Name: GR Infraprojects
Brand: GR Infraprojects

BSE: 543317 | NSE: GRINFRA | Engineering - Construction | Small Cap

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GR Infraprojects Share Price

₹1,719.35 99.95 6.17%
as on 20-Sep'24 16:01

10 Year X-Ray of GR Infraprojects:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	10.4%	24.7%	52.2%	29.6%	35%	32.3%	27.4%	21.7%	21.3%	35.2%	-
Value Creation Index ⓘ	-0.2	0.8	2.9	1.2	1.6	1.4	1.0	0.6	0.6	1.6	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	877	1,928	3,170	3,105	4,950	6,028	7,244	7,919	8,148	7,788	7,532
Sales YoY Gr.	-	120%	64.4%	-2.1%	59.4%	21.8%	20.2%	9.3%	2.9%	-4.4%	-
Adj EPS ⓘ	2.9	10.8	50	39.9	60.7	71	80.3	77.6	86.3	103	198.7
YoY Gr.	-	275.7%	362%	-20.1%	52%	16.9%	13.2%	-3.4%	11.2%	19.3%	-
BVPS (₹) ⓘ	44.1	56.3	117.4	158.8	220.8	291.6	372.8	451.3	539.4	743.5	758.9
Adj Net Profit ⓘ	28.6	105	485	387	588	688	776	750	834	996	1,921
Cash Flow from Ops. ⓘ	105	295	377	-4.1	652	831	420	561	764	848	-
Debt/CF from Ops. ⓘ	2.7	1.2	1.1	-149.5	1.6	1.3	3.2	2	1.4	0.9	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	27.5%	9.5%	2.4%	-4.4%
Adj EPS ⓘ	48.8%	11.2%	8.7%	19.3%
BVPSⓘ	36.9%	27.5%	25.9%	37.8%
Share Price	-	-	-0.9%	40.2%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	6.8	21.3	57.6	28.9	32	27.7	24.1	18.8	17.4	16	26.4
Op. Profit Mgn % ⓘ	10.5	11.8	17.1	18.5	20.4	20.7	18.1	16.2	16	14.4	14.2
Net Profit Mgn % ⓘ	3.3	5.4	15.3	12.5	11.9	11.4	10.7	9.5	10.2	12.8	25.5
Debt to Equity ⓘ	0.7	0.7	0.4	0.4	0.5	0.4	0.4	0.3	0.2	0.1	-
Working Cap Days ⓘ	254	159	135	191	167	171	178	195	209	233	99
Cash Conv. Cycle ⓘ	97	35	35	61	51	52	51	46	59	78	57

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 26.40%

Sales growth has been subdued in last 3 years 2.44%

Net Profit has been subdued in last 3 years 8.65%

Sales growth is not so good in last 4 quarters at -3.79%

Latest Financials - GR Infraprojects Ltd.

	Standalone	Consolidated
TTM EPS (₹)	198.7	120.9
TTM Sales (₹ Cr.)	7,532	8,532
BVPS (₹.) ⓘ	758.9	795.3
Reserves (₹ Cr.) ⓘ	7,292	7,644
P/BV ⓘ	2.15	2.05
PE ⓘ	8.20	13.48

From the Market
52 Week Low / High (₹)	1025.00 / 1859.95
All Time Low / High (₹)	930.00 / 2277.00
Market Cap (₹ Cr.)	15,763
Equity (₹ Cr.)	48.4
Face Value (₹)	5
Industry PE ⓘ	39.5

Management X-Ray of GR Infraprojects:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of GR Infraprojects

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of GR Infraprojects

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	877	1,928	3,170	3,105	4,950	6,028	7,244	7,919	8,148	7,788
Operating Expenses ⓘ	784	1,702	2,629	2,530	3,942	4,786	5,934	6,638	6,843	6,669
Manufacturing Costs	253	837	0	0	1,898	1,903	2,552	2,217	2,088	2,292
Material Costs	443	708	2,465	2,310	1,587	2,230	2,815	3,699	3,910	3,495
Employee Cost	54	83	112	154	347	447	455	586	647	664
Other Costs ⓘ	35	75	52	66	110	206	113	135	197	217
Operating Profit ⓘ	92	226	541	575	1,008	1,242	1,310	1,281	1,305	1,119
Operating Profit Margin (%)	10.5%	11.7%	17.1%	18.5%	20.4%	20.6%	18.1%	16.2%	16.0%	14.4%
Other Income ⓘ	23	18	23	52	67	94	127	135	194	245
Interest ⓘ	26	39	54	63	106	146	140	130	107	107
Depreciation ⓘ	43	44	64	81	138	187	227	282	246	244
Exceptional Items ⓘ	0	0	136	0	0	0	0	-3	0	1,380
Profit Before Tax ⓘ	47	162	583	483	831	1,003	1,071	1,002	1,146	2,393
Tax ⓘ	15	56	0	83	235	314	291	241	294	416
Profit After Tax	32	106	583	399	596	689	781	761	852	1,977
PAT Margin (%)	3.7%	5.5%	18.4%	12.9%	12.0%	11.4%	10.8%	9.6%	10.5%	25.4%
Adjusted EPS (₹)	3.2	10.9	60.1	41.2	61.4	71.0	80.7	78.7	88.1	204.5
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	438	546	1,139	1,540	2,140	2,827	3,604	4,364	5,215	7,189
Share Capital ⓘ	25	24	48	48	48	48	48	48	48	48
Reserves ⓘ	413	521	1,090	1,491	2,092	2,779	3,556	4,315	5,167	7,140
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	192	260	282	451	839	700	896	676	838	403
Long Term Debt	49	211	257	292	589	673	608	622	650	352
Short Term Debt	143	49	25	159	250	27	288	55	188	50
Trade Payables	65	169	226	325	519	557	723	717	841	792
Others Liabilities ⓘ	289	718	809	750	917	1,107	1,135	957	837	1,011
Total Liabilities ⓘ	984	1,692	2,455	3,065	4,416	5,191	6,358	6,713	7,731	9,395
Fixed Assets
Gross Block	368	328	487	797	1,220	1,529	2,059	2,460	2,608	2,690
Accumulated Depreciation	173	43	104	182	317	497	713	976	1,170	1,381
Net Fixed Assetsⓘ	195	286	383	615	902	1,032	1,345	1,485	1,438	1,309
CWIP ⓘ	21	28	17	48	43	28	55	59	72	74
Investmentsⓘ	67	225	202	229	257	255	364	324	86	2,588
Inventories	161	76	221	301	614	768	1,058	1,022	884	768
Trade Receivables	146	255	526	651	873	817	898	716	1,851	1,723
Cash Equivalents	64	111	539	237	606	840	542	445	242	411
Others Assetsⓘ	330	711	567	985	1,120	1,450	2,096	2,663	3,158	2,522
Total Assets ⓘ	984	1,692	2,455	3,065	4,416	5,191	6,358	6,713	7,731	9,395

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	105	295	377	-4	652	831	420	561	764	848
PBT ⓘ	47	162	583	483	831	1,003	1,071	1,002	1,146	2,393
Adjustment ⓘ	47	69	-33	116	187	303	254	321	248	-1,175
Changes in Working Capital ⓘ	32	112	-58	-478	-181	-299	-637	-497	-336	-91
Tax Paid ⓘ	-21	-49	-115	-124	-186	-175	-269	-265	-294	-280
Cash Flow From Investing Activity ⓘ	-56	-315	123	-632	-906	-319	-925	-237	-646	-265
Capex	-12	-127	-122	-282	-465	-284	-507	-423	-269	-95
Net Investments	-11	-33	301	-20	-204	105	-145	141	128	95
Others ⓘ	-32	-155	-56	-331	-236	-140	-273	44	-504	-265
Cash Flow From Financing Activityⓘ	-16	37	-18	166	273	-45	159	-381	-126	-424
Net Proceeds from Shares ⓘ	0	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	6	0	-73	-13	32	234	22	-34	-140	-194
Interest Paid ⓘ	-25	-29	-46	-50	-72	-167	-109	-97	-109	-83
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	3	66	100	230	314	-112	246	-250	123	-147
Net Cash Flow ⓘ	34	17	482	-469	19	467	-346	-57	-8	158

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	7.57	21.57	69.23	29.81	32.38	27.73	24.27	19.1	17.78	31.88
ROCE (%)	10.38	24.66	52.17	29.6	34.99	32.34	27.35	21.72	21.32	35.15
Asset Turnover Ratio	0.93	1.44	1.53	1.13	1.32	1.25	1.25	1.21	1.13	0.91
PAT to CFO Conversion(x)	3.28	2.78	0.65	-0.01	1.09	1.21	0.54	0.74	0.9	0.43
Working Capital Days
Receivable Days	67	38	45	69	56	51	43	37	57	84
Inventory Days	51	22	17	31	34	42	46	48	43	39
Payable Days	34	60	29	44	97	88	83	71	73	85

GR Infraprojects Ltd Stock News

GR Infraprojects Ltd FAQs

What is the share price of GR Infraprojects?

Company share prices are keep on changing according to the market conditions. The closing price of GR Infraprojects on 20-Sep-2024 16:01 is ₹1,719.4.

What is the market cap of GR Infraprojects?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 20-Sep-2024 16:01 the market cap of GR Infraprojects stood at ₹15,762.7.

What is the P/E ratio of GR Infraprojects?

The latest P/E ratio of GR Infraprojects as of 20-Sep-2024 16:01 is 8.20.

What is the P/B ratio of GR Infraprojects?

The latest P/B ratio of GR Infraprojects as of 20-Sep-2024 16:01 is 2.15.

What is the 52-week high and low of GR Infraprojects?

The 52-week high of GR Infraprojects is ₹1,860 and the 52-week low is ₹1,025.

What is the TTM revenue of GR Infraprojects?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of GR Infraprojects is ₹7,532 ( Cr.) .

About GR Infraprojects Ltd

G R Infraprojects is an integrated road engineering, procurement and construction (EPC) company with experience in design and construction of various road/highway projects across States in India and having recently diversified into projects in the railway sector. The company’s principal business of civil construction comprises EPC and BOT projects in the road sector. It has, since 2006, executed over 100 road construction projects. It also has experience in constructing state and national highways, bridges, culverts, flyovers, airport runways, tunnels and rail over-bridges. It has over the years developed an established road EPC business and has gradually added facilities to support and supplement its road construction business. As part of its in-house integrated model, it has developed in house resources with key competencies to deliver a project from conceptualization to completion that includes its design and engineering team, three manufacturing units at Udaipur, Rajasthan, Guwahati, Assam and Sandila, Uttar Pradesh for processing bitumen, thermoplastic road-marking paint and road signage and a fabrication and galvanization unit at Ahmedabad, Gujarat for manufacturing metal crash barriers and electric poles.

Business area of the company

The company’s principal business operations are broadly divided into three categories: (i) civil construction activities, under which it provide EPC services; (ii) development of roads, highways on a Build Operate Transfer (BOT) basis, including under annuity and Hybrid Annuity Model (HAM); and (iii) manufacturing activities, under which it process bitumen, manufacture thermoplastic road-marking paint, electric poles and road signage and fabricate and galvanize metal crash barriers.

Awards, accreditations or recognitions

2013: Emerging Companies Excellence Award from the Business Today in association with Yes Bank.
2014: ‘Best Professionally Managed Company’ in the ‘Turnover of Rs 500 to Rs 1,000 crore’ category from the Construction Industry Development Council in the CIDC Vishwakarma Awards 2014.
2015: CIDC Vishwakarma Award 2015 under the ‘Best Construction Projects’ category from the Construction Industry Development Council for the Jodhpur Pali Project, Jodhpur
2016: ET Promising Brand of Udaipur 2016 from The Economic Times.
2018: Certificate of excellence for ‘Outstanding and Inspiring Achievement in Adoption of Technology / Telematics’ at the ATMA Fleet Management Awards.
2019: Awarded ‘Fastest Growing Construction Company (Medium Category)’ at the Construction World Awards, 2019.
2020: Awarded ‘Fastest Growing Construction Company (Large)’ at the 18th Construction World Annual Awards Online.
2021: Awarded at the 12th CIDC Vishwakarma Awards 2021 under the ‘Best Construction Project’ category by the Construction Industry Development Council for the Faridkot - Kotkapura - Bathinda Section of NH -15, Bhatinda.
2021: Awarded at the 12th CIDC Vishwakarma Awards 2021 under the ‘Best Construction Project’ category by the Construction Industry Development Council for the Jaisalmer - Barmer Section of NH - 15 to Two / Four, Barme.

Major events and milestones

1996: Received certificate for commencement of business.
1996: Take-over of business of the then existing partnership firm Gumani Ram Agarwal.
2001: Forayed into the field of development of infrastructure projects
2006: Established a centralized workshop with fabrication facilities at NH 8, Balicha Bypass, Udaipur, for reducing equipment downtime.
2007: Change of name of Company to G R Infraprojects as the activities being undertaken by the company were reflected in broader terms from the new name.
2009: Commenced operations at the bitumen emulsion/PMB manufacturing unit at Kaladwas in Rajasthan, having annual installed capacity of 30,000 MT.
2011: Investment by India Business Excellence Fund I, India Business Excellence Fund and IDFC Investment Advisors Limited in the form of subscription to Equity Shares
2013: Completed construction of the Shillong Bypass Project, approximately 10 months prior to the scheduled date of completion.
2014: Commenced operations at Company’s second bitumen emulsion manufacturing unit at Amingaon, Assam, having annual installed capacity of 30,000 MT.
2015: Commenced operations at its fabrication and galvanisation unit for metal crash barriers at Ahmedabad, Gujarat having installed capacity of 24,000 MT.
2016: First BOT project on hybrid annuity mode for company awarded by NHAI with a Bid Project Cost of Rs 13,670 million.
2017: Sale of controlling stake in two erstwhile subsidiaries of Company namely Jodhpur Pali Expressway and Shillong Expressway.
2018: Awarded company’s first railway project.
2019: Commenced operations at company’s third bitumen emulsion manufacturing unit at Sandila, Uttar Pradesh.
2020: Completed first NHAI HAM project for the four laning of Phagwara - Rupnagar section of NH-344A from km 0.00 (design chainage) to km. 80.820 (design chainage).